As part of the agreement, expected to close in third-quarter 2016, Harel Group and the Israel Infrastructure Fund have the option to purchase an additional 1% stake.
Real-time monitoring of sand erosion on an unmanned platform’s equipment in the Caribbean Sea is maximizing gas production.
Drilled to 5,475 m in 1,692 m of water, the Liza-2 well encountered more than 58 m of oil-bearing sandstone reservoirs in Upper Cretaceous formations.
The technology is an openhole liner completion that connects the well and the reservoir without the need for hydraulic fracturing.
The development offshore Western Australia will be tied back to the Ngujima-Yin FPSO facility. First oil is expected in mid-2019.
Fugro has a new AUV (Autonomous Underwater Vehicle) to play with, after recently taking delivery of the Hugin 1000 AUV, E...
BW Offshore has sold the VLCC BW Opal...
An FPSO, export pipeline and floating liquefaction solution is on the drawing board for an ultradeepwater gas discovery in the South China Sea operated by CNOOC.
DNV GL is leading a Joint Industry Project (JIP) aimed at solving the challenges brought about by sour service fluids from wells and the demands it places on pipeline material.
Odfjell Drilling expects the deepwater rig market to remain weak over the next couple of years, due to the continued delivery of newbuild units and oil companies’ increased cost focus and capital discipline.