China National Offshore Oil Corporation (CNOOC) signed a production sharing contract (PSC) with PetroBroad Copower Ltd. (PetroBroad Copower) for Block 28/03 in Pearl River Mouth Basin. Block 28/03 is located in Pearl River Mouth Basin in the east part of the South China Sea…
A semisubmersible floating production system for Malaysia’s Gumusut-Kakap deepwater field was delivered to be installed at the project development site offshore Sabah. The Gumusut-Kakap field is Malaysia’s second deepwater development after the Kikeh oil field…
Oil and natural gas production in May On May 18, 2013, Petrobras set a new pre-salt production record, with output of 322,100 bo/d. 11,000 bo/d up from the previous record of 311,500 bo/d set on April 17, 2013. In addition to encouraging figures for pre-salt production…
PTTEP Australasia (PTTEP AA) achieved first oil from the Montara field in the Timor Sea off Western Australia, the company announced on June 20. The Montara Venture FPSO started production at the H2 well at the beginning of June, achieving steady rates by June 12…
Trinidad and Tobago announced the signing of four production sharing contracts (PSCs) with Australia's BHP Billiton for four deepwater blocks that the company had previously won in December during the country's 2012 deepwater bid round. On…
Statoil awarded Aker Solutions a four-year frame agreement to supply, refurbish and store compensation equipment used to stabilize and control the production risers on the Heidrun platform in the North Sea. The contract value is undisclosed…
Oil in water monitoring firm Pro Analysis has taken up the challenge of developing its technology for subsea use. Ever increasing water levels in production wells and stricter environmental standards are driving a research and development project to have a subsea oil-in-water monitor by 2015…
Subsea monitoring outfit Naxys has gained access to top research facilities after being bought out by global giant GE. Naxys’ work in the field of subsea monitoring systems led it to be snapped up by Measurement & Control, a business of GE Oil & Gas earlier this year…
The world’s first subsea compression station is coming together in Norway— Elaine Maslin looks at the work ahead. Norway’s subsea laboratory is getting close to producing major results for Statoil and Aker Solutions. The two firms…
A new era is developing in subsea aftermarket service provision offshore Norway – one which is expected to set global standards. In 2010 production from subsea wells on the Norwegian Continental Shelf (NCS) outstripped production from surface wells for the first time…
Chevron Corporation’s subsidiary Cabinda Gulf Oil Co. Ltd. today confirmed that initial production of liquefied natural gas (LNG) has commenced at the Angola LNG project. Angola LNG is one of the largest energy projects on the African continent…
The world-leading expertise on subsea equipment and technology that Norwegian companies hold has evolved over time. Now, it is vital that these companies are able to use the resources and knowledge they have available – and work smarter…
Since the 1980’s, the Norwegian subsea industry has evolved to become a world-leading supplier of underwater equipment and technology. Oil and gas production across the world happens in ever deeper water, and the wells are increasingly complicated to operate…
Sakhalin-II is an intergrated, export-oriented oil and gas development, and Russia’s first offshore gas project. It handles production from Piltun-Astokhskoye oil field and the Lunskoye natural gas field in the Okhotsk Sea, and is managed and operated by Sakhalin Energy Investment Co…
Russia’s campaign to sell its energy wares throughout the Asia Pacific region continued at several US energy conferences this spring: IHS CERAWeek (March) and LNG 17 (April). Russia reiterated that it can curb production declines and ramp…
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