Tag: oil
Offshore and Subsea – oil & gas project spending review
The sharp decline in crude prices and the subsequent volatility has meant that it’s been an onerous two years for oil producers, a period marked with budget cuts. The situation for the offshore side of the business has been far more severe. Once hailed as the bulwark from peak oil, the massive costs associated with its development in the face of low margins have made it increasingly difficult for companies to commit investments in recent times.
First SPAR platform for Norwegian waters
When the Aasta Hansteen gas field was discovered in the Norwegian Sea in 1997, its remote location and deep water were always going to make recovering its resources challenging.
Oil announces APC constellation umbilical contract
Oceaneering International, Inc. (Oceaneering or OII) has secured a contract from Anadarko Petroleum Corporation (Anadarko or APC) to supply the umbilical for Anadarko’s Constellation subsea tieback in the U.
Shifting headwinds: oil and gas companies adapt to survive
For two consecutive years, weaker oil and gas prices have led to declining investments,
slower production growth and weaker profits. The larger companies are adapting with
layoffs, reorganization and mergers. New, environment-friendly and efficient technologies are being introduced.
Lake Maracaibo project completed
PDVSA, Roffco and IMR Global Supply Ltd have recently completed the first ever project to replace large diameter steel oil pipelines with flexible oil lines, using PDVSA’s production units in Lake Maracaibo.
What’s in store at StocExpo 2014?
StocExpo, taking place on 18-20 March 2014 at Ahoy, Rotterdam, the Netherlands, is set to be the biggest event of the year for Europe’s terminal operators, oil companies, traders and regulators. OMV announces oil discovery in Barents Sea
OMV, the oil and gas company, has found oil in the Barents Sea. The exploration success has been made in the exploration licenses PL 537 which was signed in 2009. OMV (Norge) AS, operator of exploration license PL 537, is about to complete drilling operations on wildcat well 7324/8-1, Wisting Central.
Oil Discovery onshore Kenya
Tullow Oil plc has announced that the Twiga South-1 exploration well in Block 13T, onshore Kenya, has encountered 30 meters of net oil pay. The well has also encountered a tight fractured rock section with hydrocarbon shows over a gross interval of 796 meters.
Oil and gas filed comes on stream in North Sea
Production on the Visund South oil and gas field in the North Sea has been started up by Statoil and partners. Visund South is the first of Statoil's fast-track portfolio projects.
"This is a milestone," said head of field development on Visund South, Hogne Pedersen in a press release.
Tendeka plans Mid-East expansion
Tendeka has announced plans to increase activity in the Middle East and North Africa (MENA).
Tendeka is a provider of completions and reservoir monitoring products and services to the upstream oil and gas industry.
