Most Recent Offshore Oil Field Development

Development drilling to accelerate at South Pars Phase 13

Tue, Jun 30, 2015 Drilling is expected to speed up at Phase 13 of the South Pars gas field development in the Persian Gulf following delivery of three new drilling r...

Samsung to construct Johan Sverdrup process, riser decks

Tue, Jun 30, 2015 Statoil has contracted Samsung to build the decks for the process and riser platforms for the Johan Sverdrup field in the central Norwegian North S...

Subsea cables deliver power to offshore Safaniya upgrade project

Tue, Jun 30, 2015

Saudi Aramco has connected a 230-kV, 46-km (28.6-mi) submarine composite cable to the TP-20 tie-in platform offshore Saudi Arabia.

Technip to engineer deepwater Libra FPSO topsides

Tue, Jun 30, 2015 Jurong Shipyard has awarded Technip a detailed engineering and procurement services contract for the Libra field FPSO topsides in the Santos basin ...

Statoil to convert Gullfaks wells for Shetland/Lista development

Tue, Jun 30, 2015 Statoil has submitted an amendment to the plan for development and operations for the Gullfaks license in the North Sea to Norway’s Ministry of Pet...

Partners complete Zarat development studies

Tue, Jun 30, 2015

PA Resources and ETAP have completed work on a full-field life development plan for the Zarat southern tract offshore Tunisia.

Winterized compressors heading to Shah Deniz platform

Tue, Jun 30, 2015 Atlas Copco Compressors has delivered a 50-metric ton (55-ton) air compressor package to Baku for installation on a platform on the Shah Deniz fiel...

First steel cut for Johan Sverdrup jacket, template

Mon, Jun 29, 2015

Construction work has started on facilities for the Statoil-operated Johan Sverdrup project in the central Norwegian North Sea.

OneSubsea to supply subsea trees for Shah Deniz 2

Fri, Jun 26, 2015 OneSubsea, a Cameron (NYSE: CAM) and Schlumberger (NYSE:SLB) company, has won a contract totaling more than $60 million for the BP-operated Shah De...

Thialf completes first BP Clair Ridge platform assembly

Thu, Jun 25, 2015 Heerema’s heavy-lift vessel Thialf has installed the new quarters and utilities (QU) topsides modules for the new Clair Ridge QU platform west...

Offshore Oil Field Development: Latin America

Technip to engineer deepwater Libra FPSO topsides

Jurong Shipyard has awarded Technip a detailed engineering and procurement services contract for the Libra field FPSO topsides in the Santos basin offshore Brazil.

PEMEX picks McDermott for Ayatsil-C jacket fabrication, installation

PEMEX has awarded McDermott International Inc. (NYSE:MDR) a contract for the engineering, procurement, construction, installation, and pre-commissioning of the Ayatsil-C replacement jacket and associated deck installation.

Ultra-deepwater production set for steady growth, report claims

Analyst Douglas Westwood predicts oil and gas production from ultra-deepwater fields (>1,000m/3,281 ft) will grow 7.7% during 2015-2021.

Rosneft to increase investments in Venezuela

Rosneft has agreed to invest more than $14 billion in Venezuela's oil and gas sector.

Latest Carcará well offshore Brazil proves light oil extension

Galp Energia says a second well on the Carcará discovery in the presalt Santos basin offshore Brazil has encountered light oil.

BP awards Trinidad and Tobago fields support contract

BP has awarded Massy Wood Group a five-year contract valued at up to $250 million to service the company’s operations offshore and onshore Trinidad and Tobago.

BG to retain rights to Rosetta offshore Egypt

BG Group has issued an update on its first-quarter offshore activities.


New CEO navigates company through sea of change

The current down cycle in the oil and gas industry offers a period of time for many companies to reassess their portfolios. Many believe that capex growth will continue to be impacted in the low oil price environment, coupled with building oversupply and the lack of rig demand.

Ultra-deepwater to capture most of Brazil's offshore capex

Brazil's forecast capex over the next five years on ultra-deepwater developments (1,499 m/4,917 m or 1,500 ft/16,132 ft) is expected to constitute 84% of the 2015-2019 offshore spending.

Trio agree on charter arrangement for Petrobras FPSO

MODEC, Mitsui and Marubeni have committed to invest in a long-term charter business to provide an FPSO for Petrobras’ Tartaruga Verde and Tartaruga Mestiça oil fields offshore southeast Brazil.

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Anadarko’s decommissioning of the first-ever cell spar in the Gulf of Mexico

The Red Hawk spar made history throughout its design life, commissioned and decommissioned as the first of its kind. Heralded as the first cell spa...

Offshore Design Optioneering using Cloud Computing

Cloud computing opens up to offshore engineering teams the opportunity to take advantage of almost unlimited computing power and data storage capab...

Falling oil prices and the offshore oil and gas industry: assessing the state of the market

The precipitous decline in oil prices has brought many areas of the oil and gas industry to a standstill. Yet while some sectors are feeling the pi...
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