Subsea
Experts to Discuss Decommissioning at UK Event
Decommissioning North Sea oil and gas facilities is projected to cost £40.6 billion over the next 25 years in the North Sea. When the time is right, oil companies will seek to decommission as efficiently and cost effectively as possible while ensuring they meet their safety and environmental obligat
PTTEP Acquires Interest from Shell in Concession BM-ES-23 Off Brazil
PTT Exploration and Production Public Company Limited or PTTEP announces that it has entered into an agreement to acquire a total 20% participating interest from Shell Brasil Petroleo Ltda in Concession BM-ES-23 in the Federal Republic of Brazil. This agreement is subject to the approval of Brazil’s
Risco to Pay $101 Mln for Otto’s Stake in Galoc
Otto Energy Limited has executed a sale and purchase agreement (SPA) to divest 100% of the shares in Galoc Production Company WLL (GPC), the holder of Otto’s 33% interest in the Galoc oil field located in Service Contract 14C, to Risco Energy Investments Pte Ltd, a Singapore-based energy investment
Bluefin to Host Teledyne UTS Delegates Visit
Bluefin Robotics invited all Teledyne Underwater Technology Seminar delegates to an afternoon factory visit at their headquarters, in Quincy, MA on Thursday, October 9th. Delegates will have the opportunity to learn more about AUV technology, speak with industry experts, and witness Bluefin AUVs in
Jan De Nul Provides Scour Protection for Butendiek OWF
In early 2014 the construction of the offshore wind farm Butendiek, located in the North Sea west of Sylt, started. Butendiek comprises 80 turbines with each 3.6 MW, resulting in a total capacity of 288 MW. Jan De Nul Group is in charge of the installation of scour protection for the 80 monopiles. T
Azerbaijan Marks Southern Gas Corridor Groundbreaking and 20th ACG Anniversary
The Azerbaijan International Operating Company (AIOC) operated by BP, celebrated the 20th anniversary of the Azeri-Chirag-Gunashli (ACG) production sharing agreement, signed on 20 September 1994 between Azerbaijan and eleven international companies. The Early Oil Project which was sanctioned in Febr
SPE to Tackle Discrimination in O&G Industry
A Society of Petroleum Engineers (SPE) event next week is set to shake up the oil and gas industry by focusing for the first time on critical HR, diversity and inclusion issues. The ‘Breaking the Cycle of Discrimination – workplace challenges in the oil and gas industry’ workshop will analyse the is
Salamander Gets EIA Approval for G4/50 Licence, Thailand
Salamander announces that its Environmental Impact Assessment (“EIA”) for exploration drilling in the G4/50 licence, Greater Bualuang area, Gulf of Thailand, has been granted conditional approval. Of the 20 drilling locations in the original EIA, 18 have been approved subject to: updating the oil sp
TGS in New Deepwater GoM Shoot
TGS, a provider of multi-client geoscience data to oil and gas exploration and production companies, is continuing its Explorer Series seismic acquisition program in the deepwater U.S. Gulf of Mexico. Panfilo 3D will add 11,500 km(2) to TGS’ multi-client library in the Lund and Henderson Central Gul
Faroe Sells Glenlivet Field Interest to Total E&P UK
Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, announces the sale of its ten percent interest in the undeveloped West of Shetland Glenlivet gas field to Total E&P UK Limited. The consideration for
Top News of the Week of Sep 15 – Sep 21, 2014
1. Subsea 7 Reduces Norwegian Workforce Oil services company Subsea 7 is reportedly reducing its Norwegian workforce between 100 and 150 employees due to project delays. 2. Scientists Find Large Submarine Canyon in Med A massive underwater canyon has been discovered in the Mediterranean near Italy b
RWE Dea Postpones Zidane Subsea Project
The Plan for Development and Operation (PDO) for the Zidane development will not be submitted to the authorities in October as planned. ”Further value enhancement is required to make the project more robust,” says Managing Director Hugo Sandal of RWE Dea Norge. RWE Dea Norge is operator of the Zidan
Maersk Valiant Starts Operations in US Gulf of Mexico
Maersk Drilling’s second drillship, Maersk Valiant, has started operations in the US Gulf of Mexico, the Company informed through their social media. Maersk Valiant has began a two year contract with ConocoPhillips and Marathon Oil Corporation. Featuring dual derrick and large subsea work and storag
Drilling of Pingvin Prospect in Barents Sea Completed
As a partner in production licence 713, North Energy is completing the drilling of the Pingvin prospect in exploration well 7319/12-1. The well has identified gas in a sandstone reservoir. Extensive data have been acquired from the well through coring, wireline logging and liquid sampling. Updated i