An international group is collaborating on a project to determine whether a new-concept reusable production buoy could be applied to smaller North Sea oil and gas reservoirs. Crondall Energy developed the technology and its subsidiary Buoyant Production Technologies is managing the study, co-funded by…
The development of the giant Leviathan gas field in the Mediterranean Sea, offshore Israel is nearly 60 percent complete. This is according to Noble Energy, the operator of the field, who shared the progress update as part of its quarterly report on the 3rd…
Teekay Offshore has ordered two more LNG-powered shuttle tankers from Samsung Heavy Industries, on top of four already on order. On the 2nd August the shipowner confirmed that the order for two Aframax DP2 shuttle tanker new-builds had been placed in late July. A shuttle tanker is a vessel used…
Baker Hughes has been awarded a contract by the South Gas Company of Iraq (SGC) for fast-track solutions to help the recovery of flare gas for Nassiriya and Al Gharraf [Garraf] oilfields. The importance of the project was highlighted by the attendance of several…
Stena Drilling has contracted Damen Verolme Rotterdam (DVR) for a refit of its semisubmersible drilling rig Stena Don. The vessel is expected to arrive at DVR in October and remain there for around three months. DVR will install an eight-point mooring system prior…
Pipeline operator TransCanada Corporation is seeing strong interest from oil shippers in locking up the remaining space on Keystone XL and expects it to be fully subscribed, its chief executive said on the 2nd August. TransCanada has not yet made a final investment decision…
Concho Resources Inc has revealed that, in the second half of this year, it plans to begin drilling “several development projects” on the acreage it acquired from RSP Permian Inc. In July, Concho completed its acquisition of RSP, creating the largest unconventional shale producer…
Norway’s TGS has kicked off acquisition the new Erlend Wild West multi-client 3D seismic project. Separately, the company has announced strong quarterly results. The UK survey will cover a minimum of 1,000 square kilometres in the UK West of Shetland region and ties into TGS’ existing…
Oil company Nexen has awarded Subsea 7 a pipeline bundle contract as part of the Buzzard Phase 2 field development in the North Sea. As part of the contract, Subsea 7 will build and install a five-kilometre Pipeline Bundle along with associated well and platform…
Indonesia’s state-owned Pertamina is behind schedule in terms of completing development wells at its Mahakam block in East Kalimantan, having only finished one quarter of this year’s planned total. Pertamina has earmarked US$1.7 billion for exploration, development and production activities in the Mahakam block…
