Rosneft and ExxonMobil have established a joint project to assess the commerciality of tight oil reserves in the Bazhenov and Achimov formations of Western Siberia. ExxonMobil will provide financing up to US$300 million for the program. Drilling is to begin in 2013.
Dubai-based Shelf Drilling acquired 38 shallow-water drilling rigs after completing a US$1.05 billion sale with Transocean. Shelf Drilling is also expected to pick up as many as 3500 employees from the deal. Shelf Drilling will take control of seven rigs immediately…
Salamander Energy announced first oil at its Bualuang Bravo platform in the Gulf of Thailand. The Atwood Mako drilled development well BB-04-H, which is expected to produce 1500b/d. With a 15-well development planned, Salamander expects production to increase to around 14,000b/d in 2013.
Subsea 7 won a US$150 million EPCI topsides contract for Chevron’s Lianzi field offshore Congo and Angola. Subsea 7 will provide a 200t module hosting a high-voltage generation system for the new subsea electrically heated pipeline cable, 80t fl ow-meter deck extension, and platform upgrades.
Pipeline equipment and services provider TD Williamson opened its first office in Seoul, South Korea. The new office will enable the company to provide EPC customers with pipeline intervention and isolation technologies.
Oceaneering will supply 43km of electro-hydraulic, steel tube control umbilicals for Esso Exploration’s Kizomba Satellites Phase 2 development off Angola. The cables used at Bavuca and Kakocha fields will tie back to the Kizomba BFPSO, while…
VAM USA expanded its Houston-based Connection Technology Center to 90,000 sq ft, doubling its R&D capacity. The facility conducts harsh-environment testing of premium connections for shale applications and deepwater drilling in the Gulf of Mexico.
Wartsila has been contracted by China Oilfield Services to supply designs for six new ships, two platform supply vessels, and four anchor-handling tug supply vessels for the South China Sea and Bohai Bay.
Sales and marketing support company Wellton Energy has opened a new office in Norwich, UK, to serve the small and medium enterprise sector of the oil & gas industry.
The UK has approved Dana Petroleum’s US$1.6 billion Western Isles project, which seeks to develop the Harris and Barra oil fields. The nine-well northern North Sea development is expected to produce 40,000b/d in 2015. Both fields hold an estimated 45 million barrels.
BP has pulled out of Yacheng gas field in the South China Sea, selling its 34.3% stake to KUFPEC, a subsidiary of KPC, for US$308 million. Pending approval by CNOOC, the deal is expected to close 2H 2013.
Bill Gates will speak at CERAWeek 2013. Gates will open the first night of a two-night special session entitled ‘Energy: The Next Thirty Years’ on Thursday, 7 March.
BG Group has elevated Chris Finlayson to chief executive officer. He came to BG in 2010 after spending 33 years with Royal Dutch Shell. Finlayson replaces Sir Frank Chapman, who has served as CEO of the BG Group since 2000.
Clay Williams has been named president and chief operating officer of National Oilwell Varco. Williams has served as the company’s executive vice president and chief financial officer since March 2005. Jeremy Thigpen has been assigned to fill Williams’ former position.
David E Roberts Jr has resigned as executive vice president and chief operating officer of Marathon Oil. The company has not yet named a replacement.
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