New analysis by Wood Mackenzie looks at Mexico's Round One shallow water opportunities, a licensing round that includes nine shallow-water fields with a total of 356 MMboe of 2P reserves. These fields, which have not yet been put into production…
While most oil and gas operators and service companies are reducing expenses to keep costs down, some companies are beginning to falter due to financial distress. This month alone, two Houston-based companies, BPZ Energy (which trades under the name BPZ Resources) and Cal Dive International…
Premier Oil’s Pelikan is onstream after gas production began from the field, offshore Indonesia. Map from Premier Oil. The Pelikan field is located in the Natuna Sea Block A and has 75 Bcf of reserves…
CNOOC Ltd. announced that its Qinhuangdao 32-6 comprehensive adjustment project has commenced production. The Qinhuangdao 32-6 oilfield is located at the central north of Bohai Bay with an average water depth of approximately 20m. The…
BP signed final agreements to develop the US$12 billion West Nile Delta (WND) gas fields, with production set at reaching up to 1.2 Bcf/d in Egypt. BP worker on a platform in the Gulf of Suez. From BP…
Hoang Long Joint Operating Co. (HLJOC) has selected Honeywell Process Solutions (HPS) to handle critical project management and engineering for the TGT-H5 wellhead platform that will tap energy reserves off the coast of Vietnam. Image from HLJOC…
Bureau of Ocean Energy Management (BOEM) Director Abigail Ross Hopper announced the bureau will offer more than 21 million acres offshore Texas for oil and gas exploration and development in a lease sale that will include all available unleased areas in the Western Gulf of Mexico Planning Area…
Trans Adriatic Pipeline AG (TAP) launched two pre-qualification contracts for the construction of the 105km offshore pipeline section under the Adriatic Sea. The contracts are for engineering, procurement, construction and installation (EPCI)…
The bodies of three crewmembers who went missing after an explosion on the Cidade de São Mateus FPSO last month have been found, the vessel operator BW Offshore announced today (3 March). The death toll from the explosion has now risen to nine…
The recent downturn in oil prices is expected to have minimal direct impact on Gulf of Mexico (GOM) crude oil production through 2016 because of the long timelines associated with GOM projects, according to a new report by the US Energy Information Administration (EIA)…
Petrobras's executive board approved a two-year (2015/2016), US$13.7 billion divestment plan. The plan includes exploration & production assets in Brazil and abroad (30%), as well as assets in the downstream (30%), and gas and energy (40%) segments…
McDermott International has won two contacts for EPCI work, one for Qatar Petroleum in the North Field Alpha gas development, and a second from Saudi Aramco for the Marjan field, offshore Saudi Arabia. The North Field Alpha project calls for a new jacket…
Floating production systems are on the hard edge of asset integrity management, says Jonathan Boutrot. The business case for having an asset integrity management (AIM) system in place for offshore assets is getting more and more cogent every day…
Greg Hale takes a look at subsea electronic modules. “Doom and gloom,” and “scaling back” are phrases not heard in the industry in the last five years. But, now there is an opportunity to wring more productivity and profitability out of existing assets…
Repsol’s Director for Exploration and Production Technology Santiago Quesada discusses the company’s partnership with IBM aimed at developing cognitive technologies for better decision-making. As demand for oil and gas increases and oil plays mature…
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