Premier Oil has sold interest in six Central North Sea offshore licenses to Hungary’s MOL Group for US$130 million, the duo announced on 30 June 2014. The sale includes non-operated equity stakes in the Nexen-operated Scott (21.84%), Rochelle (15%) and Telford (1…
Dockwise floatover installed the Shwe development topsides using COOEC's HSY229 installation launch barge. First production was in January this year. Photo from Dockwise. Myanmar has been producing hydrocarbons longer than many…
The 2014-2018 Petrobras Business Plan foresees the allocation of US$10 billion in the oil and gas sector, including projects related to pipelines for gas transportation from the presalt area, such as Rota 3. Last week, Tenaris was awarded the supply in this important project and will provide…
Eni has entered into a production sharing contract (PSC) with state-owned PetroVietnam for the exploration of Block 122, off eastern Vietnam. The Italian firm’s CEO, Claudio Descalzi, met with PetroVietnam President and CEO, Do Van Hau, in…
First steel cut on two supply vessels for Russia's Lukoil has started at Keppel Nantong Shipyard Co.'s yard in Nantong on 18 June. The two Russian Maritime Register of Shipping (RS) class vessels have been designed to supply resources…
BSEE Director Brian Salerno discusses the importance of SEMS at OTC 2014. Photo by Barchfeld Photography. The 45th annual Offshore Technology Conference in Houston brought together US regulators…
Figure 1: The Cygnus field is the sixth largest gas field in the southern North Sea and the largest to be discovered in the last 25 years within the southern North Sea gas basin.Image from GDF Suez. A…
GSP Saturn has arrived for exploration drilling at the Gazpromneft Sakhalin-operated Dolginskoye field, located in the Arctic shelf of the Pechora Sea. The Gazprom Neft subsidiary announced 21 January its plans to drill an exploration well and take core samples at the field…
Premier Oil's central North Sea Catcher field development plan has been approved by the UK Department of Energy and Climate Change. The Catcher area is expected to produce 96MM boe, with a peak production rate of around 50,000 bo/d. The…
Baker Hughes issued the May 2014 international rotary drilling rig count today, showing a total of 1024 rigs operating outside the US & Canada. International activity in May was up 4 rigs from the 1020 rigs drilling in April and up 68…
MV Connor Bordelon is the host vessel for Baker Hughes new StimFORCE stimulation system in the Gulf of Mexico. Nina Rach went to Houma, Louisiana, to see the modular installation. Baker Hughes recently constructed a new stimulation vessel dedicated to the Gulf of Mexico market…
Dong Energy has installed the jacket for the Hejre platform in the Danish sector of the North Sea, 292km north west of Esbjerg, using Heerema Marine Contractor's Hermod heavy lift vessel (pictured). The 8400-tonne jacket arrived at its location…
The topsides for the Golden Eagle area development (GEAD) are nearing final assembly in the UK North Sea, 43mi. (70km) northeast of Aberdeen. The project is operated by Nexen Petroleum, a wholly-owned subsidiary of CNOOC Ltd. GEAD involves three fields: Golden Eagle…
On May 22, Pemex announced that the substructure of the Ayatsil B platform was floated out from McDermott International’s Altamira yard in Mexico's Tamaulipas state. Two years ago, McDermott announced that it received the contract for the new Ayatsil B drilling platform (May 2012)…
By installing eWON VPN routers and using the Talk2M Internet-based remote access system from MAC Systems, Aquatic Engineering & Construction Ltd, an Acteon company, is now able to securely monitor and quickly resolve issues on its heavy-duty tensioner equipment…
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