Weatherford International plc announced the development of the HeatWave Extreme service for commercial use by Chevron Thailand.
An extension well has confirmed the presence of oil in the Pitu area, Petrobras announced. The discovery of this accumulation in the deep waters of the Potiguar basin was first announced on Dec. 17, 2013.
Seadrill Ltd., the offshore driller controlled by billionaire John Fredriksen, reported its first quarterly loss since 2011 as a collapse in oil prices reduced demand for its rigs.
The PSA has now granted Statoil consent for exploration drilling.
TGS has announced the broadband reprocessing of 22,847 km 2D seismic offshore Portugal. This project, which utilizes TGS' broadband solution Clari-Fi, is now fully underway.
Noble Energy, Inc., announced today a farm-out agreement for a portion of its interest in Block 12 offshore Cyprus with BG International.
To fully understand the environmental and safety implications associated with the development of CO2 pipelines, DNV GL is conducting the oil and gas industry’s largest ever controlled release of carbon dioxide from an underwater pipeline.
Shell completed the drilling and appraisal of Kaikias ahead of schedule and under budget, allowing the company to achieve more than 20% in cost savings.
At its regular board meeting, the Greater Lafourche Port Commission showcased its latest national award for environmental restoration and recognized Nicholls State University as a valuable partner on the award-winning project.
Petrobras has managed to reduce the impact of the strike on its operations by implementing its contingency plan, the Rio De Janeiro-based company announced Thursday night.
Ashtead Technology has secured a global asset management agreement with Blue Ocean Monitoring to store, maintain and supply underwater gliders for ocean data monitoring.
Centrica Energy Norway has just finished drilling a pilot hole for shallow gas on the Butch field in the North Sea. Instead of using a rig for the job, a well intervention vessel was chartered and coiled tubing drilling (CTD) was used.
Eni has reported a new discovery of gas and condensates offshore Congo, in the Nkala Marine exploration prospect, in Block Marine XII, about 20 km from the coast and 3 km from the producing Nene Marine field.
Transocean Ltd. posted a better profit than analysts expected as the world’s largest offshore rig owner races to slash costs to cope with falling demand for deepwater oil drilling. Lower taxes helped.
Baker Hughes announced today the commercial release of its high-performance, low-dosage FATHOM XT SUBSEA525 inhibitor that helps control asphaltene deposition in deepwater wells, providing better flow assurance and reducing remediation costs by minimizing the risk of blockages in production lines and equipment.
The deepwater Zohr gas discovery in Egypt is of major significance to the Eastern Mediterranean region.
Wood Mackenzie has released the key findings of one of its latest studies prepared for Africa Oil Week - Fiscal systems for oil in Sub Saharan Africa - which identifies the main themes emerging as nations across the region revise their fiscal policies.
The pressure is building on North Sea drillers starved of contracts as Statoil ASA deepens cuts in investment to cope with a collapse in crude prices.
Following the success of its 2012 and 2014 bidding rounds, the Ministry of Mines, Industry and Energy of Equatorial Guinea has announced it will launch a new bidding round for all remaining deep and ultra-deepwater blocks in 2016.
Retrieving an unreliable blowout preventer (BOP) is a necessary but expensive operation, costing upwards of one or two million dollars and can easily double in developing ultra-deepwater regions.