Innovation was a key theme at the opening plenary at OTC Brasil 2013 this week. Renato Bertani, CEO of Barra Energia do Brasil and president of the World Petroleum Council discussed how innovation has changed the oil and gas industry for the better…
Israel first hit the international stage as an oil and gas country in 2003, when Houston-based Noble Energy discovered the Mari-B field. The Tamar and Leviathan fields were discovered 2009-2011. All are located in the Levant basin, which encompasses about 83…
Petrobras’ P-55 Floating Production Unit (FPU), the largest and the first of this kind entirely built in Brazil, is on its way to the Roncador field, Campos basin, where it will be installed in a water depth of 1,790m. The column-stabilized semisubmersible has a capacity of 180…
CNOOC Ltd started production at two of its offshore fields, the Wenchang 19-1 North and Weizhou 12-8 West. The Wenchang 19-1 North oil field is located in the western Pearl River Mouth Basin with an average water depth of about 120-130m…
India’s ONGC Videsh Ltd. (OVL) acquired a 12% interest in Parque das Conchas (Block BC-10), located in the Campos Basin offshore Brazil’s southeastern coast. Production from the second development phase began earlier this month. Block BC-10 includes four offshore deepwater fields - Ostra…
Production has begun on RWE Dea UK's Breagh gas field in the UK Southern North Sea, the German operator announced on October 14 2013. The first three wells brought into production had an initial total flow rate of 2.75 MMcm/d of natural gas…
Over the past week, the government shutdown has steadily crept into more sectors of the oil and gas industry. The Energy Information Administration (EIA) shuttered today, sending a message to subscribers at 1 pm ET that it would furlough…
For the second time since it produced first oil a month ago, a gas leak has sidelined Kashagan’s operations. The North Caspian Operating Company (NCOC) said that the leak was found on a pipeline running from the artificial D Island to the onshore Bolashak processing plant in Atyrau…
Kazakhstan's Kashagan oilfield has resumed production after its latest delay, a shutdown on September 25 following the detection of a gas leak. Discovered in 2000, it has taken 13 years and approximately $50 billion before production started on September 11…
Milling bit packed with set asphaltenes Copyright Welltec A/S Various myths and misperceptions surround riserless light well interventions (RLWI), preventing operators from performing these cost-efficient…
Petroleo Brasileiro (Petrobras) completed its semisubmersible P-55 floating production, storage and offloading (FPSO) vessel nearly six years after it was contracted. It passed testing and certification in the Rio Grande dock (ERG-1). The…
Origin Energy announced October 3 that Kevin McCann will retire as chairman and director after the company's annual general meeting on October 23. The board has elected Gordon Cairns to succeed McCann as the chairman of the board of directors…
Noble Energy, Inc. has downgraded the gross resource potential of its A-2 appraisal well, drilled on the Block 12 discovery offshore the Republic of Cyprus. With the reserve potential initially set between 5-8Tcf, the company has now lowered its figures to 3…
Business Monitor (BM) released its latest findings on Nigeria’s volatile oil and gas sector from its newly-published Nigerian Oil and Gas Report. The report notes that Nigeria's hydrocarbon sector continues to struggle amid a worsening political and business environment…
Shell announced that production has begun from the second development phase of the Parque das Conchas (BC-10) project, located off Brazil’s southeast coast. The BC-10 project is comprised of several subsea fields which are tied back to the Espírito Santo FPSO vessel…
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