The shortlist for the Offshore Achievement Awards has been announced today, recognising the top individuals and companies in the energy industry. The awards, re-launched in October by the Society of Petroleum Engineers with the support of main sponsor TAQA Bratani, will celebrate the finest talent in categories including overall company performance, commitment to safety and [...]
Chevron has finalized plans to start drilling a relief well to control the Funiwa Deep 1A well. The fire is still burning at the well, but continues to diminish. Based on the condition of the well, the safest way to control the well is to drill a relief well to kill the well at reservoir [...]
Norwegian Energy Company (Noreco) in January 2012 produced 1,653 barrels of oil equivalents (boe) per day. Net realized oil price was USD 99 per boe after adjustments for oil put options, inventory, NGL and gas prices. Production continued to be negatively impacted by weather conditions in the North Sea, resulting in periods of shutdown of [...]
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Xcite Energy, has negotiated an amendment to its rig contract with British American Offshore Limited, a subsidiary of Rowan Companies Inc. The amendment provides additional flexibility around timing of the provision of a heavy duty, harsh environment jack up drilling unit, which will better suit the revised work programme as anticipated for Phase 1B of [...]
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The first offshore pile installation operation with the StabFrame, a newly developed subsea pile-stabilising template, has been successfully completed in the OGX Waimea field in Brazil’s Campos Basin. Jointly developed by Large Diameter Drilling Ltd. (LDD) and MENCK GmbH, the StabFrame stabilises piles in all depths required for underwater pile driving. The operation was carried [...]
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Petrobras announces it has commenced the deployment of the Environmental Monitoring Plan in the Carioca Nordeste area, in the Santos Basin, where a pipeline ruptured last Jan. 31 on a FPWSO Dynamic Producer performing an Extended Well Test. The FPWSO is located approximately 300 kilometers off the coast of the state of São Paulo, where [...]
Höegh LNG has, pursuant to a successful private placement, today exercised an option for a new FSRU to be built at Hyundai Heavy Industries Ltd. in Korea. The FSRU will be delivered in the second quarter of 2014, and its specifications will be adapted to comply with relevant project requirements. Höegh LNG’s President and CEO, [...]
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French oil giant, Total, operator of the Hild license, launches the development of Hild field located in the Norwegian North Sea. This development will represent an investment of US$4.2 billion (NOK 25.6 billion) and is subject to the approval of the Norwegian Ministry of Petroleum and Energy and Norwegian Parliament (Storting). Total holds a 51 [...]
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Searcher Seismic, an Australian-based company focused on either reprocessing existing regional datasets or acquiring new seismic data has begun with the Mariner 2D Non-Exclusive Seismic Survey. The survey comprises 3,100km of long offset 2D non-exclusive seismic data and 9,700km of reprocessing. Over 1,600km of new data has already been acquired. The survey is located in the Browse Basin, [...]
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Diamond Offshore Drilling, Inc. today reported net income for the fourth quarter of 2011 of $188 million, or $1.36 per share on a diluted basis, compared with net income of $242 million, or $1.74 per share on a diluted basis, in the same period a year earlier. Revenues in the fourth quarter of 2011 were [...]
