ConocoPhillips has extended its contract Archer Ltd. for the provision of platform drilling services for the Greater Ekofisk Area. The Greater Ekofisk Area is located in the southern part of the North Sea, 300km southwest of Stavanger…
The Thermal Integrity Profiler (TIP) was awarded the 2015 winner of the Charles Pankow Award for Innovation by the American Society of Civil Engineers (ASCE). The award celebrates collaboration in innovative design, materials, or construction…
Rosneft and PDVSA entered into a cooperation agreement to implement offshore projects in the Rio-Caribe and Mejillones blocks, which is phase II of the Mariscal Sucre project. Both companies expressed interest to reach an agreement on key technical requirements…
The Fugro Synergy. From Fugro Drilling and Well Services. Plugging and abandonment accounts for about 43% of decommissioning costs. Operators and service companies are looking at ways to reduce the bill…
Eco Atlantic Oil & Gas Ltd.received approval from the Parliament of the Republic of Ghana to acquire a 50.51% interest in the Cape Three Points West block, located in the Tano Cape Three Points basin, offshore Ghana. The agreement is for 25 years…
The US Bureau of Ocean Energy Management (BOEM) will extend its public comment period for its new five-year Outer Continental Shelf (OCS) oil and gas leasing plan for 2017-2022, the agency announced on 30 July 2014. BOEM says the decision…
Petrofac secured a contract worth approximately US$8.4 million with the BP-operated Shah Deniz 2 project to provide their maintenance build capabilities. The contract covers new onshore, offshore and pipeline assets in the Azerbaijan sector of the Caspian Sea…
Seatronics, an Acteon company, has signed a worldwide contract with Digital Edge Subsea Ltd. for Digital Edge Subsea’s complete range of digital video inspection systems. Seatronics will be equipped with Digital Edge Subsea systems for…
Petroleos Mexicanos, Mexico's national oil company, released 2Q 2014 financial results last Friday. Total sales increased by $15.9 billion pesos (US$1.2 billion), which represented 4% growth year-over-year. The growth is primarily attributed to a 27…
Houston-based Apache Energy found gas and associated liquid hydrocarbons in the Phoenix South-1 well off Western Australia, in the Roebuck basin, before a drill bit failure on 29 July. Over the past two weeks, Apache drilled to a depth…
Saipem was awarded offshore drilling contracts worth approximately US$540 million in Indonesia, Nigeria, the Arabian Gulf and Latin America. The contracts refer to four different units of Saipem’s fleet. Indonesia contract Eni Muara Bakau B…
Norway's Dolphin Geophysical has taken delivery of 7-Oceans, the first of three new-build seismic guard vessels. The naming ceremony of the 7-Oceans took place in Maaskant Shipyard, Stellendam, South Holland, on 25 July 2014. The 370tonne ship is 35m x 9m and is flagged in Panama…
Hong Kong-based CNOOC Ltd. announced the Lishui 36-1 gas field began production. The Lishui 36-1 gas field is located 150km from Wenzhou city Zhejiang province, with an average water depth of approximately 84m. The gas field has four producing wells…
Statoil released a video showing the Valemon topside arriving on 26 July 2014 near Stavanger, Norway after a 40-day trip from South Korea. The topsides set sail in June from the Geoje yard in South Korea, where Statoil contracted…
Portugal-based Galp Energia’s recent drilling campaign at the Tao-1 exploration well in the Tarfaya block off Morocco was unsuccessful, partner Tangiers Petroleum announced 28 July 2014. Australian-based Tangiers Petroleum, which holds 25% interest in the Tarfaya block…
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