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CGG and the wider industry need to reinvent the way they work with customers, taking a more partnership-style approach, the CEO Jean-Georges Malcor said.
While many upstream companies have pulled back from conventional offshore exploration and development activity, Eni has stuck to what it knows best, according to the company’s chief exploration officer.
The two companies have teamed up to push out a modular well completions system for the offshore oil and gas industry.
The Talamona manufacturing plant in Italy has been equipped with a completely automated production line as well as additive manufacturing capabilities.
Wartsila joins with Gasum to develop LNG distribution network for industrial sector.
Norway’s Polarcus has been hired to conduct a 3-D marine seismic survey offshore Egypt.
Various subsea equipment will be delivered throughout 2015 and 2016.
GE Oil & Gas has invested more than $20.5 million across its subsea manufacturing facilities in Montrose, Scotland, in a move to enhance its business’s test and assembly and manufacturing capabilities.
Ceona has successfully installed a 570-mt multiple pipelay vertical lay system (VLS) and twin 400-mt cranes onto its next-generation flagship asset, the Ceona Amazon.
Kosmos Energy is taking a fresh look at a handful of new and existing exploration prospects in frontier waters offshore Ireland, according to partner Europa Oil & Gas.
The field is expected to come into production at the end of the year and will save Egypt billions of dollars in hard currency that would otherwise be spent on imports, Reuters reported.
Holmwood will penetrate similar stratigraphy to the nearby Brockham oil field and the Horse Hill oil discovery, targeting oil in Upper and Lower Kimmeridge Limestones and Corallian and Portlandian sandstones.
Qatar, a member of OPEC, shipped 76.4 million tonnes of LNG in 2014, or 32% of global supply, according to the International Group of Liquefied Natural Gas Importers, Reuters reported.
The Nafoura Field has reserves of 7.5 billion barrels, according to energy consultant WoodMackenzie, Reuters reported.
The inquiry will investigate whether the $1.3 billion purchase of OPL 245 involved "acts of conspiracy, bribery, official corruption and money laundering," the court papers said.
The Valemon Unit partners are Statoil Petroleum AS (operator, 53.775%), Petoro AS (30%), Centrica Resources (Norge) AS (13%) and A/S Norske Shell (3.225%).
The Total-led consortium has bid for one block in the Ionian. Hellenic Petroleum has bid independently for two other blocks in the same region, Reuters reported.
Gas production for 2017 is seen at 114.5 Bcm, down from 116.8 Bcm in 2016, but much higher than the forecast one year ago of 107.9 Bcm, Reuters reported.
A Statoil spokesman told Reuters the company is evaluating its work in the region and that no decision has been made on whether or not to continue drilling there as an operator.
Statoil ASA (NYSE: STO) plans to drill about 30 exploration wells in 2017, an increase of about 30% compared to 2016. More than half of the wells will be drilled on the Norwegian Continental Shelf (NCS).
Economic development agency Scottish Enterprise is making a push to keep Scotland at the top of the global subsea market, despite the challenges offered by competition from other regions around the world and the harsh realities of the severe industry downturn.
After meeting in August, Turkish President Recep Tayyip Erdogan and Russian President Vladimir Putin hope to remove some barriers preventing the development of a number of joint projects, especially the planned Turkish Stream gas pipeline under the Black Sea.
The Norwegian Petroleum Directorate is facilitating a competition in hopes of strengthening its technological expertise and capacity.
Subsea technology provider Forum Energy Technologies (UK) Ltd. has unveiled a deepwater test facility and received industry accreditation for the calibration laboratory at its new European Operational Centre in Aberdeen.
The Irish government has offered 14 new licensing options in the Irish offshore following the conclusion of the 2015 Atlantic Margin Licensing Round.
Total CEO Patrick Pouyanne said Total was benefiting from a drive to push its production costs down to $5.9 per barrel of oil equivalent (boe), compared with $9.9/boe in 2014, and from savings of $2.8 billion in 2016, beating its target of $2.4 billion.
The Italian probe is one of several threads of inquiry underway into the acquisition of OPL-245, including current cases in Holland and Nigeria, Reuters reported.
Shell will start the program this year by removing the 24,200-tonne topside of the Brent Delta Platform, a process which was already approved two years ago following Delta's cessation of production in 2011, Reuters reported.
The project will implement multiphase pump technology across the gathering network of existing oil and gas facilities at the Tengiz and Korolev fields to maintain crude production by reducing wellhead pressure and increasing well deliverability.
Patrick Pouyanne said, "this is the right opportunity to launch new projects. We have about 10 projects around the world that we will like to make a decision on in the coming 18 months," Reuters reported.