Minexco Petroleum Inc., the African focused private Oil and Gas Exploration Company, provided details of the petroleum agreement between its subsidiary AGM Petroleum and the Ghana National Petroleum Corporation (GNPC), for their joint project in the South Deepwater Tano Basin…
Petrobras announced that it has completed drilling wildcat well 1-BRSA-1205-RNS (Pitu), located in the Potiguar Basin. The results confirm the discovery of intermediate oil as previously announced to the market on 17 Dec 2013. The Pitu well sits at a water depth of 1731m…
Chevron’s leadership set out the oil major’s plans out to 2020 this week, including eying exploration opportunities offshore Greenland, to maintain its reserves hopper. Chevron is planning 20% production growth, from 2.6MMboe/d in 2013…
A truss node in heat treatment (Vulcan SFM). Deck, leg and truss nodes have been taken to a new level on Statoil's massive Aasta Hansteen spar development. Elaine Maslin reports. “Everything on the Aasta Hansteen project is on a different scale…
Dutch spoolable thermoplastic composite pipe systems firm Airborne Oil & Gas and Dallas-based Celanese Corporation, a global technology and specialty materials company, have signed a strategic supply agreement for the development and supply of composite materials for deepwater pipe systems…
Colombia’s offshore is not as widely explored as its conventional onshore space. The country, which has many resources including coal bed methane and even shale, is making a bigger push for offshore exploration. Colombia’s Vice Minister of Energy for the Ministry of Mines and Energy…
Iran, India and Oman are preparing to begin official negotiations for delivery of the Iranian natural gas to the Indian market through a deepwater pipeline. Iranian Foreign Minister Mohammad Javad Zarif, Indian Foreign Minister Salman Khurshid…
Pura Vida Energy says a rig share agreement has been signed for the drilling of two wells in the Mazagan permit offshore Morocco by the Atwood Achiever deepwater Drillship. The Atwood Achiever is contracted to Kosmos Energy under a long term hire arrangement…
Denmark’s Maersk Drilling has posted a 52% jump in profits for 2013, at US$528 million, but warned that there will be challenges in 2014 as it sees a drop in deepwater demand and a major overhaul of its fleet. Claus V. Hemmingsen…
The European outlook for the offshore pipe industry in 2014 is positive, according to a recent report conducted by Tata Steel. The study points to high energy demand from Africa, Asia and BRIC (Brazil, Russia, India and China) nations…
UK-based explorer Ophir Energy has started drilling operations on the Padouck Deep-1 well on the Ntsina Block, offshore Gabon, using the Vantage Titanium Explorer drillship. Padouck Deep-1 is the first well targeting the pre-salt play offshore in the North Gabon basin…
FMC Technologies received an order from Eni Muara Bakau BV to supply subsea systems for its deepwater Jangkrik Complex development offshore Indonesia. The order has an estimated value of US $720 million in revenue if the full scope of the award is called off…
The past few weeks have seen a string of profit warnings and capital spending cutbacks from global oil and gas exploration majors. Should oilfield service companies be worried that the good times are coming to an end? According to bank and investment company Investec…
US explorer Hess remains 'confident' that its billion dollar Australian gas project will proceed. The Equus project, Hess Corp.’s planned contribution to Australia’s push for world leadership in liquefied natural gas (LNG) exports, has…
Ensco plc announced the sale of its two remaining cold-stacked jackup rigs for US$33 million. The net value of the two rigs, ENSCO 69 and Wisconsin, both built in 1976, was approximately $9 million. The pre-tax gain on the sale is approximately $24 million…
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