Further Increasing Johan Sverdrup ValueFeb 7, 2018Statoil and partners have further increased the value of the Johan Sverdrup field as a result of continued high quality in project execution, good drilling efficiency and further maturation of the resource base.
Faroe Commences Fogelberg Appraisal WellFeb 6, 2018Faroe Petroleum has announced the commencement of the Fogelberg appraisal well and contingent sidetrack 6506/9 – 4A and 4S in the Norwegian North Sea (Faroe 28.3%).
North Sea Exploration Success for BPFeb 1, 2018BP has announced two new exploration discoveries in the North Sea. The discoveries are Capercaillie, in Block 29/4e in the Central North Sea, and Achmelvich, in Block 206/9b west of Shetland.
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Spot News
UN Secretary-General appoints DNV GL CEO Henrik O. Madsen as new Global Compact board memberMay 11, 2015United Nations Secretary-General Ban Ki-moon has appointed Dr Henrik O. Madsen, Group President & Chief Executive Officer of DNV GL, as a new board member to the UN Global Compact board, the world’s largest voluntary corporate sustainability initiative. As a Board member, Dr Madsen will join other leaders from business, labour and civil society, and serve as a champion of the UN Global Compact and its mission. He will act in a personal and honorary capacity for a period of three years, starting from 1 June 2015.
Offshore Technology Conference attendance remains strong in 2015May 8, 2015Experts from the offshore energy industry around the world came together 4–7 May for the 2015 Offshore Technology Conference (OTC) at NRG Park in Houston. More than 94,700 attendees from 130 countries gathered at the annual conference, demonstrating OTC’s position as the leading forum to exchange ideas and opinions to advance scientific and technical knowledge for the safe, environmentally friendly and sustainable development of offshore oil and gas resources. It is the sixth largest attendance in the 47-year history of OTC.
Tracerco invites the oil and gas industry to challenge them with their toughest flowline issue and discover Discovery™May 7, 2015Tracerco, part of the FTSE 100 Johnson Matthey Plc, is inviting oil and gas companies to challenge the efficacy of their innovative OTC Spotlight on New Technology 2015 winning, Discovery™ Subsea CT Scanner. Following several successful deployments in the Gulf of Mexico, Tracerco is inviting operators to send sealed sections of coated pipeline with an unidentified abnormality. Tracerco will then scan the test piece using Discovery™ at one of its state of the art subsea testing facilities.
DNV GL establishes recommended practice to manage wellhead fatigue analysisMay 6, 2015Addressing wellhead fatigue issues and proving sufficient margin for drilling operations has been a growing challenge for the oil and gas industry over the last decade. Wellhead fatigue can have significant technical, financial and safety implications for the system. In close cooperation with industry partners, DNV GL is addressing this issue through an ongoing joint industry project (JIP).
Petrobras receives OTC’s highest award and stresses importance of partnerships in pre-saltMay 5, 2015On May 3, Petrobras’ Exploration and Production Director, Solange Guedes, received the OTC Distinguished Achievement Award for Companies, Organizations and Institutions, the highest recognition that an oil company can be given as an offshore operator. The awards ceremony took place during a dinner in Houston, USA, at the Offshore Technology Conference (OTC), the world’s largest event dedicated to the area of offshore oil exploration and production.
Brazil Government announces 13th petroleum auctionMay 4, 2015Brazil Mines and Energy Minister Eduardo Braga announced that Brazil will seek to raise as much as USD850 million with its 13th-round auction of oil and natural gas exploration rights in October.
The auction will be under the concession regime, which is much more attractive to investors than the production sharing regime used in pre-salt where Petrobras is always operator by law and has a mandatory 30% stake of all blocks that are being explored, said government sources told the local press. By Peter Howard Wertheim & Dayse Abrantes
The EIC showcases UK expertise at OTC 2015May 1, 2015The Energy Industries Council (EIC) is bringing the ‘Best of British’ to the 2015 Offshore Technology Conference (OTC) by hosting the UK Pavilion, located at stands 2241-2641, together with UK Trade & Investment (UKTI), the UK government’s international investment arm. Taking place on 4-7 May at NRG Park in Houston, OTC is where energy professionals meet
IKM Testing awarded Gina Krog project contract by StatoilApr 30, 2015IKM Testing has been awarded a major contract for Commissioning services by Statoil Petroleum AS on the Gina Krog topside project currently under construction in Korea. IKM Testing will supply N2He Leak testing with options for Bolt Work, Hot Oil Flushing, Chemical Cleaning and Flange Machining. Work preparation and execution will include personnel, equipment and consumables and is similar to the work scope on the recently awarded Mariner contract with Statoil UK Ltd.
Cenpes Petrobras R&D Centre Became the Biggest in Latin AmericaApr 29, 2015Cenpes is a world renowned research center and one of the five largest in the area of oil and gas worldwide and is a subsidiary of Petrobras. It is located in Rio de Janeiro... By Peter Howard Wertheim & Dayse Abrantes
Enbridge, TransCanada, Kinder Morgan working together to evaluate aerial-based pipeline safety technologiesApr 29, 2015Three North American pipeline companies - Enbridge Pipelines Inc., TransCanada Corporation, and Kinder Morgan Canada - have signed a Joint Industry Partnership (JIP) agreement to conduct research into aerial-based leak detection technologies, in the interest of enhancing across-the-board pipeline safety.This partnership illustrates a spirit of collaboration among TransCanada, Kinder Morgan and Enbridge in the continued common pursuit of
INPEX acquires participating interest in ADCO onshore concessionApr 28, 2015INPEX Corporation has acquired a 5% participating interest in the ADCO Onshore Concession in Abu Dhabi. The acquisition is based on a 40-year agreement with the Supreme Petroleum Council of the Emirate of Abu Dhabi and the Abu Dhabi National Oil Company (ADNOC) effective January 1, 2015, following INPEX's participation in a bid
Increased Brownfield focus for ADILApr 27, 2015independent energy consultancy ADIL has refocused its specialist brownfield project management team to help operators drive improved efficiency in this challenging sector of the North Sea oil and gas industry. Led from Aberdeen by newly appointed head of operations and brownfield projects, Peter Brawley, ADIL’s brownfield project management team has launched
InterMoor completes mooring replacement project offshore Equatorial Guinea on scheduleApr 24, 2015InterMoor Inc. has finished replacing critical components in an FPU mooring system offshore Equatorial Guinea on schedule, enabling the prime contractor, Boskalis, to expand the InterMoor work scope. The original contract covered replacing old mooring chains and wire ropes for eight of the 12 mooring lines along with two drag anchors on Mobil Equatorial Guinea Inc.’s (MEGI’s) Zafiro Producer floating production unit. During the operation, Boskalis contracted InterMoor to replace an
Petrobras Reveals Extent of its Losses Due to Corruption and MismanagementApr 23, 2015Brazil's Petrobras, which is on the ropes as if it had been punched by Muhammad Ali. The company is wobbling from the worse corruption scandal in over a half a century history... By Dayse Abrantes & Peter Howard Wertheim
Wintershall starts Polarled construction for the Aasta Hansteen project in NorwayApr 23, 2015Good news from the far North: the large-scale project Aasta Hansteen develops very positive. In the past few months, there have been two further discoveries of natural gas in this region and now one of the biggest pipe-laying vessels in the world started its journey to build the Polarled. It will transport the gas from Aasta Hansen and the neighboring discoveries to the Norwegian west coast starting in 2017.
World's first subsea mining vessel to be equipped with MacGregor subsea cranesApr 22, 2015MacGregor, part of Cargotec, has been awarded a contract by Fujian Mawei Shipbuilding Limited for two subsea knuckle boom cranes to be installed on the world's first seabed mining vessel. Delivery of the cranes is scheduled for Q1/2017. The order was booked into first quarter 2015 order intake.The 227m production support vessel has a beam of 40m. It has been designed by Singapore's SeaTech Solutions for Dubai-based owner Marine
Petrobras makes new Amazon Basin discoveryApr 21, 2015Petrobras has discovered a new oil and gas accumulation in the Amazon Basin, Block AM-T-84. The discovery was made while drilling well 1-BRSA-1293-AM (ANP nomenclature), informally known as Jusante do Anebá. Well drilling reached the total depth of 2,040 meters.Preliminary well tests have confirmed the presence of light oil (API 47°) and gas in arenaceous reservoirs, extending from 1,350 meters to 1,900 meters deep.
Statoil committed to end routine flaring by 2030Apr 20, 2015Statoil and several other oil companies and nations joined together to commit, for the first time, to end the practice of routine gas flaring at oil production sites by 2030. CEO Eldar Sætre represented Statoil at the signing at the World Bank in Washington together with Norwegian foreign minister Børge Brende.'Meeting the target of zero routine flaring by 2030 is a highly important contribution our industry can make towards mitigating climate change,' Sætre said in his speech in Washington.
Statoil: Valemon field officially openedApr 17, 2015Petroleum and energy minister Tord Lien is opening the Valemon gas and condensate field in the North Sea today. Expected recoverable reserves from the field are 192 million barrels of oil equivalent. “Valemon is one of several new projects on the Norwegian continental shelf that contribute to value creation, activity and innovation,” says Arne Sigve Nylund, executive vice president for Development & Production Norway.
DNV GL forges ahead in enabling reduced subsea lead timesApr 16, 2015Steel forgings are important bulding blocks for subsea components and are often tailored to meet end-users’ specific requirements. This results in long delivery times and repeated follow-ups throughout the supply chain. With DNV GL’s new Recommended Practice (RP) ’Steel forgings for subsea applications’ these requirements are now harmonized.
KONGSBERG signs appr. 80 MNOK contract with Saipem on IchthysApr 15, 2015Kongsberg Oil & Gas Technologies (KONGSBERG) has been awarded a contract by Saipem for delivery of subsea structures for the gas export pipeline project of the INPEX-operated Ichthys LNG Project. The Ichthys Field is located about 220 km offshore Western Australia and 820 km southwest of Darwin. The subsea pipeline is 882 km long and continues 7 km onshore to the liquefaction facilities being constructed at Bladin Point near Darwin.
Statoil makers another gas discovery in the Aasta Hansteen areaApr 14, 2015Operator Statoil has together with PL602 partners made a gas discovery in the Roald Rygg prospect in the Norwegian Sea. This is the second discovery made by Statoil in the Aasta Hansteen area spring 2015. “Statoil has completed a targeted two-well exploration programme around Aasta Hansteen which aimed to test additional potential in the area and make the Aasta Hansteen project more robust. Both wells, Snefrid Nord and Roald Rygg,
Statoil makes oil discovery in Gulf of MexicoApr 13, 2015Statoil and its partners are evaluating further appraisal activity.Statoil has made an oil discovery in its Miocene Yeti prospect located in the Gulf of Mexico (GoM). “The Yeti discovery expands the proven sub-salt Miocene play further south and west of the Big Foot field,” says Jez Averty, Statoil’s senior vice president, exploration for North America. “We are analysing data to determine the the size of the discovery in order to consider future appraisal options.”
Apache Corporation agrees to sell Australian operations for $2.1 billionApr 10, 2015Apache Corporation has signed an agreement to sell its Australian subsidiary Apache Energy Limited to a consortium of private equity funds managed by Macquarie Capital Group Limited and Brookfield Asset Management Inc. for cash payment of $2.1 billion. The transaction is expected to close mid-year 2015 and is subject to necessary government and regulatory
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