Aberdeen-based well intervention specialist READ Cased Hole launched its latest logging technology, ZeroTime, at the 2016 SPE ICoTA Coiled Tubing and Well Intervention Conference and Exhibition in Houston. As a logging while working solution…
Halliburton’s Production Solutions business line has introduced Spectrum Real-Time Coiled Tubing Services. Spectrum Real-Time Coiled Tubing Services comprises two complementary offerings: Spectrum Diagnostic Services and Spectrum Intervention Services…
Douglas Westwood (DW) has revised its outlook considerably for West Africa’s deepwater prospects by 44% amid project delays and cancelations. A year ago, DW said that exploration and production (E&P) companies within West Africa were…
Norway’s Petroleum Safety Authority (PSA) has begun an investigation of a well control incident on the Visund field on 17 March 2016 that caused Statoil to put a halt to production and evacuate workers in the North Sea. Visund…
OneSubsea, a Cameron and Schlumberger company, has signed two 5-year global frame agreements (GFA) with BP to provide engineering, procurement, and construction (EPC) of subsea production systems (SPS) and subsea aftermarket services. Continuing previous supply agreements with BP…
Tullow Oil has declared force majeure on two cargoes from its Jubilee development, offshore Ghana, after issues with a turret bearing on the Kwame Nkrumah floating storage and offloading (FPSO) vessel, according to news reports. The Kwame Nkrumah…
Shell has started oil production from the third phase of its Parque das Conchas (BC-10) development, offshore Brazil, in hopes of adding up to 20,000 boe/d. The Espirito Santo FPSO. Image from SBM Offshore…
The first production test at Eni’s Zohr 2X appraisal well delivered some 44 MMcf/d of gas, offshore Egypt. Eni CEO Claudio Descalzi. Image from Eni. The Zohr 2X well, Eni’s first appraisal well on its giant Zohr discovery…
Douglas-Westwood (DW) forecasts deepwater expenditure to total US$137 billion from 2016-2020. This represents a 35% decline compared to DW’s previous edition of the deepwater forecast issued March 2015. The prolonged low oil price has impacted the deepwater market…
US supermajor Chevron is set to shave its budget by as much as 36% by next year, as the company approaches the finish line for global construction projects, and sets its sights on increasing production. Jack/St…
Chevron Corp. has begun production from its liquefied natural gas (LNG) and condensate at the Gorgon Project on Barrow Island off the northwest coast of Western Australia. The first LNG cargo is expected to be shipped next week. “We expect…
In early February, Mexican President Enrique Peña Nieto shook things up at the country’s oil company, Petróleos Mexicanos (Pemex), immediately replacing then-CEO Emilio Lozoya Austin with Mexico’s director of the Social Security Institute (IMSS) José Antonio González Anaya…
Elliot Kinch, business development manager for Interwell UK, has been appointed as the new chair of the Intervention & Coiled Tubing Association's European chapter (ICoTA). Kinch, who takes up his appointment March 2016, has served on the organization’s committee for two years…
Petrobras announced the start-up of the early production system in Sépia, the former Nordeste de Tupi area, in the pre-salt layer of the Santos basin, offshore Brazil. Sépia operations. Image from Petrobras…
As ExxonMobil decreases its capital spending budget this year by 25%, the supermajor looks to start up 10 new upstream projects between now and 2017 that will see its production capacity increase. Tillerson…
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