Scandinavia’s oil and gas industry, focused on Norway and Denmark, is expecting a resurgence. Espen Erlingsen looks at trends in the sector. The North Sea is characterized by large, producing platforms with declining production. To stop the falling production in the North Sea…
The Danish offshore is a mature oil and gas province with 40 years of production, but the Danish Energy Agency’s latest annual report,* says that the country is expected to remain a net exporter of oil through 2020, while gas production is…
The International Association of Drilling Contractors (IADC) announced the formation of the Well Control Institute (WCI), a new industry body which will provide the drilling industry with a single, universal well control training and assessment standard…
Rosneft and ExxonMobil have commenced the contractor selection process for design and engineering work at its proposed LNG project in the Russian Far East, Rosneft announced. In 2013-2014 Rosneft and ExxonMobil plan to complete design work…
Express Energy Services has created a short film, Left Undone, as part of its contribution to safety in the energy industry. The movie aims to educate and inform oilfield workers on the hazards and safety procedures in the event of hydrogen sulfide (H2S) exposure while working on a well site…
Sulzer Pumps will supply 42 pumps for installation on two floating production storage and offloading (FPSO) vessels (P-66 and P-69) that will operate in the pre salt Iracema cluster areas located in the Santos Basin, off the coast of Rio de Janeiro…
Australia's Woodside Petroleum announced that it will recommend using Shell's floating LNG (FLNG) technology to develop and commercialize the Browse gas fields. Selecting FLNG as the development concept requires the approval from the…
Golar LNG Ltd will provide the Kuwait National Petroleum Company (KNPC) with floating storage and regasification (FSRU) services to support their LNG import operations at Mina Al Ahmadi. The contract will be for an initial period of five…
The United States Energy Information Administration (EIA) issued news release on 9 August with its forecast that China's net oil imports will exceed those of the U.S. by October 2013 on a monthly basis, and by 2014 on an annual basis, making China the largest oil importer in the world…
Noreco has announced that due to a defect gas compressor, the Ula field in the Norwegian North Sea, will not be able to receive and process production from satellite fields, the field's operator, BP, has informed. This means that the Oselvar field will also be shut down…
International Maritime Associates (IMA) and Energy Maritime Associates (EMA) have completed an in-depth analysis of the floating production sector. The inventory of floating production systems is now at 269 units – FPSOs account for 61% of the existing systems…
China National Offshore Oil Corp. (CNOOC) signed production sharing contract (PSC) with Shell China Exploration and Production for Block 35/10 in Yinggehai Basin, west of the Hainan Island, China, in the South China Sea. Block 35/10 covers a total area of 3…
The floating production sector has been especially active over the past several months. Ten production floaters have been ordered since March, reports International Maritime Associates Inc. (IMA). Contracts include a $3 billion FPSO for Nigeria (a record price for an FPSO)…
Schlumberger acquired Gushor Inc., a Canadian-based petroleum geochemistry and fluid analysis company that provides production and exploration solutions in the heavy oil and oil sand (HOOS) industry. Formed in 2006, Gushor specializes in the integration of geology…
The next few years could see major investments in Colombian waters and last year’s bid round has independents, NOCs, and majors heading to the country’s Caribbean shores. Colombia is South America’s fourth largest oil producer with 2 billion barrels of proved oil reserves…
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