Norwegian E&P player Aker BP has received consent from the offshore safety body, the Petroleum Safety Authority (PSA), for exploration drilling in the North Sea using the Scarabeo 8 drilling rig. The well, named 24/9-13, is located in production licence 869 in the North…
Riverstone Holdings LLC is preparing to sell oilfield services equipment company Abaco Energy Technologies, which could fetch about US$900 million. The private equity firm is working with an adviser to run an auction for the Houston-based company. Abaco is drawing interest from other…
Pars Oil and Gas Co. has completed installation of the second platform for Phase 14 of the South Pars gas field in the Persian Gulf. According to news service Shana, the C14 platform was built at the Iran Marine Industrial Company (SADRA) yard in…
Development drilling is under way at Energean’s Epsilon oilfield development offshore western Greece. The initial plan was to drill three vertical production wells tied into a new unmanned jacket, Lamda, which is under construction in Constanza, Romania. A further three-to-five vertical production wells will…
CNOOC Limited has started production from the Penglai 19-3 oil field 1/3/8/9 comprehensive adjustment project located offshore China. Penglai 19-3 oilfield 1/3/8/9 comprehensive adjustment project is located in south central Bohai Sea, 216 kilometres north-west from Tanggu and 80 kilometres south-east from Penglai city….
Shell UK revealed on the 18th September that it will change its offshore operating model on its central North Sea assets. “As a result of the new operating model we will combine our operations and maintenance teams, creating new multi-skilled operation and maintenance technician…
KBR, Inc and ConocoPhillips will jointly develop a standardised liquefied natural gas train to provide mid-scale LNG capacity for both greenfield and brownfield expansions seeking off-the-shelf technology to reduce costs and shorten project schedules, KBR reported on the 18th September. “KBR and ConocoPhillips both…
Saudi Aramco has let a contract to China Harbour Engineering Arabia for construction of two drilling islands in its expansion of Berri oil field. The expansion will double Berri production capacity to 500,000 b/d of Arabian Light crude. It includes installation of a…
Tesla’s Electric Cars: A Part of the Climate Solution With Tesla announcing its 200,000 US sale in July, augmented by Elon Musk’s antics of late, it is time for some deep thoughts. An article the other day from Amy Harder at Axios got my…
BW Energy has produced first oil from the Tortue field in the Dussafu production-sharing contract offshore Gabon through the FPSO BW Adolo. According to partner Panoro Energy, the focus now is on stabilisation of production and completion of other start-up activities. In addition,…
