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STAVANGER, Norway -- Statoil continues to expand in Australia, with the award of 100% equity share in a large exploration permit located in the prolific Northern Carnarvon basin on the Northwest shelf of Australia. This is Statoil’s third asset in Australia, adding to the onshore operatorship in the Northern Territory’s South Georgina basin and four BP-operated offshore permits in the Great Australian Bight.
NEW ORLEANS (Bloomberg) -- BP Plc’s bid for a new trial over causes of the 2010 Gulf of Mexico oil spill should be rejected because the judge didn’t rely on excluded testimony, Halliburton Co. said in court papers. BP’s own lawyers are responsible for trial testimony that the London-based oil company complains led to an unfair gross- negligence finding against it, according to Halliburton, the cementing subcontractor on the blown-out well.
Cyprus presses EU to warn Turkey as warships join seismic survey vessel JONATHAN STEARNS BRUSSELS (Bloomberg) Cyprus accused Turkey of aggression for sending warships into its waters and pressed the European Union for a “resolute reaction,” increasing political tensions over
LONDON -- States and International Oil Companies (IOCs) are banking on the Arctic as a major source of future oil and gas production, but the high costs and risks involved with operations in the area mean that an attractive fiscal regime is essential if developments are to be commercially viable, says an analyst with research and consulting firm GlobalData.
Shell makes Leopard gas discovery offshore Gabon LONDON Shell reported a frontier exploration discovery offshore Gabon, West Africa. The well Leopard 1, encountered a substantial gas column with around 200 m net gas pay in a pre salt reservoir. Leopard
ASCO Numatics introduces 364 series spool valve, onshore and offshore FLORHAM PARK, New Jersey ASCO Numatics has introduced its ASCO 364 series spool valve, for control panel applications, in the onshore and offshore oil and gas industry. The new valve
LONDON (Bloomberg) -- Somalia plans to begin producing oil and gas offshore for the first time within six years and is in talks with state governments about how revenue will be shared, Petroleum Minister Daud Mohamed Omar said. The Horn of Africa country, which has been immersed in conflict for more than two decades, is proceeding tentatively on exploration to avoid creating new tensions, Omar said at the Somalia Oil & Gas Summit in London. Somali President Hassan Sheikh Mohamoud said in August the government expects to complete an assessment of its oil and gas potential this year.
G.E. has launched its Predictivity portfolio of industrial internet solutions to help customers across major industries in the Asia Pacific region.
Mexico, which reformed its hydrocarbon law at the end of 2013, will begin the prequalification process for shallow-water bids in the first-half of November, according to officials with Mexico’s energy department.
STAVANGER, Norway -- Operator Statoil has together with PL169 partners proved new oil resources in the D-structure in the vicinity of the Grane field in the North Sea. Well 25/8-18 S, drilled by the rig Transocean Leader, proved an oil column of 25 m in the Heimdal Formation. The estimated volume of the discovery is in the range of 30-80 MMbbl of recoverable oil.
PENRYN, United Kingdom -- LDD has completed a specialist foundation installation for the Etame Marin block field expansion project, offshore Gabon, West Africa. The company completed the very remote installation safely and on schedule.
OSLO, Norway (Bloomberg) -- Norway, where oil helped create one of the world’s most stable and prosperous societies, finds itself among the most exposed to falling crude prices. Though the blessings of energy wealth have hardly turned to a curse, the industry’s highest labor costs, which saw the average offshore worker earn $179,000 last year, threaten to curb investment as oil tumbles.
LONDON (Bloomberg) -- Genel Energy Plc, the oil explorer headed by former BP CEO Tony Hayward, discovered oil at its Moroccan project while it continues testing for definitive results. The company has “encountered oil during drilling operations” in a well in the Sidi Moussa block offshore Morocco, Serica Energy Plc, Genel’s partner in the project, said in a statement Oct. 20. “Preparations are under way to perform cased hole testing.”
Aqualis Offshore wins Middle East work ABU DHABI, United Arab Emirates Aqualis Offshore has bagged three new contract awards for the company’s Middle East offices. The company’s Dubai office has entered into an agreement with ONGC to provide the oil
Polarcus awarded 3D seismic acquisition project offshore West Africa DUBAI Polarcus has signed a Letter of Intent (LOI) with an undisclosed client for a 3D marine seismic acquisition project offshore West Africa. The project, subject to the execution of a
Expro secures major contract offshore Australia READING, England Expro has secured a major new contract to supply a high rate well testing package and ancillary services for the Inpex operated Ichthys LNG Project. The contract, worth over $50 million, will
AFGlobal completes integration of Special Flanges HOUSTON AFGlobal has completed its integration of Special Flanges based in Italy. AFGlobal acquired the company in December, 2013. “When combined with our value chain, the integration of these assets greatly enhances the capacity
Fugro drives innovation with creation of Fugro Chair in Geotechnics at UWA PERTH, Australia Fugro is to fund the creation of a new ‘Fugro Chair in Geotechnics’ at the University of Western Australia’s (UWA) Centre for Offshore Foundation Systems (COFS).
Blue Ocean Drilling Limited has entered into contracts with Shanghai Waigaoqiao Shipbuilding in China for the construction of a pair of identical Gusto MSC CJ50 jackup rigs.
HOUSTON -- FMC Technologies has received an order from Total to supply subsea systems for its Edradour and Glenlivet fields offshore in the West of Shetland area.
SAN RAMON, California (Bloomberg) -- Chevron Corp. is delaying developing a second phase of a deepsea natural gas project off Indonesia’s Borneo island due to start in 2019. The final investment decision for Gendalo-Gehem won’t be taken this year, a Chevron spokesman said in an emailed statement Oct. 15. The San Ramon, California-based company has yet to submit a revised development plan for it, Zudaldi Rafdi, a spokesman at SKK Migas, Indonesia’s upstream oil regulator, said in a phone interview Oct. 15.
Statoil, Lundin urged to combine billion barrel Arctic finds MIKAEL HOLTER BERGEN, Norway (Bloomberg) Norway urged explorers like Statoil ASA and Lundin Petroleum AB to combine Barents Sea oil finds of as much as a billion barrels to make them
PERTH, Australia -- Woodside has finalized an agreement with Noble Energy and Glencore to farm in to the Tilapia Production Sharing Contract (PSC) off the coast of Cameroon. The 3,875 sq km block is located within the Douala basin, offshore southwest Cameroon in water depths ranging from the shoreline to 1,100 m.
STAVANGER, Norway -- Maersk Oil North Sea UK, operator of the Culzean development in the North Sea, has awarded a contract for the engineering, procurement and construction (EPC) of the project' s well head platform (WHP) jacket to Heerema Hartlepool.
LONDON -- States and International Oil Companies (IOCs) are banking on the Arctic as a major source of future oil and gas production, but the high costs and risks involved with operations in the area mean that an attractive fiscal regime is essential if developments are to be commercially viable, says an analyst with research and consulting firm GlobalData.
Shell makes Leopard gas discovery offshore Gabon LONDON Shell reported a frontier exploration discovery offshore Gabon, West Africa. The well Leopard 1, encountered a substantial gas column with around 200 m net gas pay in a pre salt reservoir. Leopard
ASCO Numatics introduces 364 series spool valve, onshore and offshore FLORHAM PARK, New Jersey ASCO Numatics has introduced its ASCO 364 series spool valve, for control panel applications, in the onshore and offshore oil and gas industry. The new valve
LONDON (Bloomberg) -- Somalia plans to begin producing oil and gas offshore for the first time within six years and is in talks with state governments about how revenue will be shared, Petroleum Minister Daud Mohamed Omar said. The Horn of Africa country, which has been immersed in conflict for more than two decades, is proceeding tentatively on exploration to avoid creating new tensions, Omar said at the Somalia Oil & Gas Summit in London. Somali President Hassan Sheikh Mohamoud said in August the government expects to complete an assessment of its oil and gas potential this year.
G.E. has launched its Predictivity portfolio of industrial internet solutions to help customers across major industries in the Asia Pacific region.
Mexico, which reformed its hydrocarbon law at the end of 2013, will begin the prequalification process for shallow-water bids in the first-half of November, according to officials with Mexico’s energy department.
STAVANGER, Norway -- Operator Statoil has together with PL169 partners proved new oil resources in the D-structure in the vicinity of the Grane field in the North Sea. Well 25/8-18 S, drilled by the rig Transocean Leader, proved an oil column of 25 m in the Heimdal Formation. The estimated volume of the discovery is in the range of 30-80 MMbbl of recoverable oil.
LDD completes platform jacket foundation installation, offshore Gabon CORNWALL, United Kingdom LDD has successfully finished a specialist foundation installation for the Etame Marin block field expansion project, offshore Gabon, West Africa.The company completed the very remote installation safely and on
OSLO, Norway (Bloomberg) -- Norway, where oil helped create one of the world’s most stable and prosperous societies, finds itself among the most exposed to falling crude prices. Though the blessings of energy wealth have hardly turned to a curse, the industry’s highest labor costs, which saw the average offshore worker earn $179,000 last year, threaten to curb investment as oil tumbles.
LONDON (Bloomberg) -- Genel Energy Plc, the oil explorer headed by former BP CEO Tony Hayward, discovered oil at its Moroccan project while it continues testing for definitive results. The company has “encountered oil during drilling operations” in a well in the Sidi Moussa block offshore Morocco, Serica Energy Plc, Genel’s partner in the project, said in a statement Oct. 20. “Preparations are under way to perform cased hole testing.”
Aqualis Offshore wins Middle East work ABU DHABI, United Arab Emirates Aqualis Offshore has bagged three new contract awards for the company’s Middle East offices. The company’s Dubai office has entered into an agreement with ONGC to provide the oil
Polarcus awarded 3D seismic acquisition project offshore West Africa DUBAI Polarcus has signed a Letter of Intent (LOI) with an undisclosed client for a 3D marine seismic acquisition project offshore West Africa. The project, subject to the execution of a
