Petróleos Mexicanos (Pemex) and India’s Reliance Industries (RIL) signed a memorandum of understanding (MOU), in which both companies will explore business opportunities in exploration, production, refining and industrial processing in Mexico…
Statoil plans to pump an additional NOK20 billion (nearly US$2.9 billion) in its Hammerfest LNG plant in Melkoya to increase its production capacity, Norwegian news service NRK has reported. A new pipeline and compression facility are envisioned for the plant…
Phoenix, Arizona-headquartered Freeport-McMoRan boosted its production estimates on both its Holstein Deep and Dorado developments in the Gulf of Mexico, the company announced on 4 December. Freeport-McMorRan said it expects to achieve 30…
Stone Energy’s Cardona deepwater development in the US Gulf of Mexico came online in November ahead of its sanctioned schedule and under budget. Image from Stone Energy. Cardona is located…
For the UK Oil & Gas industry, today’s Autumn Statement by British Chancellor of the Exchequer George Osborne, offered the first cut in tax rates for the UK North Sea in 21 years. “There is record investment this year in the North Sea…
Rocksource said it encountered a thick well-developed basin floor fan sand with a gas-accumulation at the top in the Kvitnos target in the PL 528 Ivory exploration well in the Norwegian Sea. In the deeper Lysing target, the well penetrated a poorer than expected water-bearing sand…
Cameron has been awarded a multi-year contract by ExxonMobil Canada Properties for wellhead equipment and production trees for the Hebron project, a 52-well development located offshore Newfoundland. Cameron will supply large-bore, high-pressure equipment including wellheads…
While high development costs are deeming many Australian liquefied natural gas (LNG) projects economically unfeasible, the country should stay focused on these rather than gambling on floating liquefied natural gas (FLNG) technology too soon…
Production of crude oil and natural gas began for Chevron Corp.’s Jack/St. Malo project in the deepwater US Gulf of Mexico (GoM). The Jack/St Malo semisubmersible floating production unit. From Chevron…
Oil production has started at from a previously undrained compartment at OMV’s US$255 million Maari redevelopment, located around 80km off the Taranaki coast of New Zealand. The MR-8A well, the second in the drilling campaign, was side…
Statoil, on behalf of Wintershall, signed a contract with Nexans for the supply of direct electrical heating (DEH) technology. The DEH riser will connect the Kristin and Maria fields in the Norwegian Sea with the Kristin platform, ensuring the constant flow through pipelines…
CNOOC Ltd. began production at its Panyu 34-1/35-1/35-2 project in the South China Sea. Image from CNOOC. Panyu 34-1/35-1/35-2 is located in the Pearl River Mouth basin in a water depth range of 195-338m…
Singapore-based KrisEnergy is about to recieve the Cendor mobile offshore production unit (MOPU) Marine Contracting moves it the from the Cendor field, offshore Malaysia to Batam, Indonesia for upgrade work. Marine Contracting moving the Cendor MOPU…
Late life production optimization is hard, but interesting, according to those tackling the issue. Elaine Maslin provides an overview of recent trends. As natural production rates wane and assets start to age, optimizing production rates offshore becomes a key challenge for operators…
Aker Solutions, FMC Technologies, and GE Oil & Gas set out where they see the future of subsea technologies going. Aker Solutions A vision for the future: advanced subsea production systems. Photo from Aker Solutions…
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