Brightoil Petroleum Ltd. is preparing to submit a formal bid to acquire all the issued shares of Newfield Global Inc., which holds 12% interest in Bohai Bay Block 05/36 and 49% interest in Pearl River Block 16/05, offshore China. According to Newfield…
Mubadala Petroleum completed drilling at the MNA-05 development well and began drilling at the MNA-07 and MNA-08 wells on the Manora Field, offshore Thailand. The Atwood Orca. From Atwood Oceanics…
Ophir Energy signed an amendment to the Block R production-sharing contract (PSC) that establishes gas fiscal terms within the PSC and a fiscal framework for the Fortuna floating liquefied natural gas (FLNG) project. The amendment has…
ConocoPhillips is plugging and abandoning the Kamoxi-1 exploration well as a dry hole after drilling to a total depth of 22,660ft, offshore Angola. Kwanza basin activity. From Deloitte Petroview Kamoxi…
Statoil aims to shed a further 15% on the capital cost for the Johan Castberg development, offshore Norway, before it can move forward, its project manager said. The up to 600MMboe Barents Sea Johan Castberg project has been delayed twice…
Seadrill Partners LLC and Seadrill Ltd. entered into an agreement to sell the ultra deepwater drillship West Vela to the company’s 51% owned subsidiary Seadrill Capricorn Holdings LLC. Seadrill says the acquisition, that includes…
Obsolescence is not a new issue for the offshore energy industry, however, it remains an insidious creeping plague, which hides in the wake of new and changing technologies to take everyone by surprise around 10 years into the system life cycle…
Bibby Offshore’s Houston-based division, Bibby Subsea, is investing in a custom-built office in Houston. Image of Quasar ROV being launched. From Bibby. The new 6300sq ft office…
Flying offshore is one of the world's safest commutes. Offshore activity drives the global market for oil and gas-related helicopter services, which is estimated to be worth US$24 billion over the next five years, 2014-2018. Companies…
How much does Russia’s oil and gas industry stand to lose in light of increasing Western sanctions? Sarah Parker Musarra reports. In April 2014, the first oil produced from the Russian Arctic Shelf…
Simon Frost explains the role of engineered composite repairs in late life asset management. A tubular brace, having suffered wall loss through external corrosion, was reinstated to its original…
UK-based Centek Group opened it its new US$13 million factory and expects to increase its UK production capacity. The expanded works in Newton Abbot, Devon, occupies 75,000sq ft, which with the US factory that opened in 2012 gives a total of 147…
Eni Norge has awarded Aibel a contract for the hook-up and commissioning of its Goliat field. The contract includes preparations prior to towing the FPSO offshore, miscellaneous offshore hook-up activities, and assistance during final commissioning and start-up of the Goliat field…
The Bureau of Ocean Energy Management (BOEM) released the draft supplemental environmental impact statement (SEIS) that predicts a higher exploration and production scenario than before for the Chukchi Sea Outer Continental Shelf Oil and Gas Lease Sale 193…
With a slightly different approach, hydrodynamic modeling can be used for overpressure prediction in on and offshore environments. Marcell Lux, Ahmed Amran, and Marianna Vincze explain. Fig. 1…
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