Iran is seeking a final agreement with international powers by June that would curb its nuclear program in exchange for phasing out sanctions that have cut its crude exports, choked cash flow and halted most oil investment.
Sale day statistics show 64 blocks in water depths of greater than 1,600 m (5,249 ft) received bids worth a total of about $334.9 million.
A succession of high-profile speakers at the annual SPE/IADC Drilling Conference in London lined up to outline some of the long-term measures their companies have undertaken to raise their game.
The agenda aims for safe and responsible energy development and good government while encouraging innovation. Regulations concerning hydraulic fracturing, BOPs and methane emissions are forthcoming.
Contractors are canceling previous orders. Estimates are that orders could be down as much as 80% in 2015.
This latest patented invention relates to fluid treatment and, more particularly, to an improved treatment apparatus for destroying aerobic and anaerobic bacteria in fluids used in oil and gas recovery and conditioning of said fluid for reuse, Ecosphere said in the release.
A process called forward-osmosis is applied to clean water used in hydraulic fracturing.
Researchers estimate that for every gallon of water used to frac for natural gas, Texas saved 33 gallons of water by using that gas for electricity generation.
Parent of refiner Sinopec Corp. will provide integrated oilfield services worldwide this year, chairman Jiao Fangzheng said. It also seeks an overseas acquisition for technologies, he said, according to Reuters.
C&J Energy Services Ltd. is led by current C&J management and will be based out of Bermuda. The transaction was originally announced June 25, 2014.
Western sanctions against Russia and Rosneft led Rosneft to cancel a roughly-$150 million contract for Northern Offshore’s Energy Endeavour jackup in the Russian Arctic, Reuters said.
The subsea umbilical, riser and flowline systems (SURF) and subsea production and processing systems (SPS) will be integrated, reducing total ownership cost and increasing reliability and uptime.
Woodside now holds interests in six different permits covering a combined area of 46,000 sq km, and is now the largest acreage holder in the emerging Rakhine Basin.
With big data and predictive analytics, operators can use production surveillance, comparing predictions to new actuals to determine how a particular oil or gas asset is performing. In response, adjustments can be made to improve production and overall operations.
Asset Guardian Solutions specializes in protecting companies’ process critical software assets.
Under the five-year contract, BP said it will offer courses next year in a new-state-of-the-art Maersk Training facility in Houston.
As hackers unleash clever cyberattacks, companies and individuals can work together to protect valuable data.
Success calls for technology investment despite industrywide cutbacks and high costs, according to panelists.
The TAM FastSwell technology utilizes a proprietary process that alters the geometric design of the elastomer to provide ultra-fast, but predictable and controlled swell rates for challenging downhole conditions.
Problematic areas have included perforation issues, loss of fracture length, and sometimes wellbore connectivity.
Fugro Americas’ geological survey equipment and instruments include a dynamic positioning system and an echosounder for gas seep surveys. The ship can work the U.S. GoM, the Americas and Caribbean.
The rigs are Deepwater Expedition, Transocean Legend, Transocean Rather and GSF Arctic III.
The Mariner Sentinel will provide emergency cover, oil spill response preparedness and tanker-assist capabilities for the Mariner Field.
This will be Ceona’s first rigid pipelay project in the GoM for Houston-based Walter Oil & Gas Corp.
The board of Red Emperor Resources NL entered into a letter of intent with Maersk to secure the Maersk Venturer ultradeepwater drillship.
The interests in OML29 and the Nembe Creek Trunk Line were assigned to Aiteo Eastern E&P Co. Ltd. Total cash proceeds for Shell amount to some $1.7 billion.
Field operator BP declared force majeure March 16 after a power loss at the FPSO PSVM offshore facility that feeds oil from Plutao, Saturno, Venus and Marte fields, Reuters said.
Superior is interested in assets Baker Hughes Inc. and Halliburton Co. must sell during their merger, Bloomberg said. Superior, seeking international exposure, will become the fourth-largest oilfield services company.
Four ways to accelerate automation in the oil and gas sector is to eliminate, simplify, standardize and virtualize, according to a Siemens engineer.
In a short statement to the market this morning, Woodside advised it took the precautionary measure after a drilling rig, which had been contracted to another party, became loose and drifted near gas flowlines at Pluto LNG.
Most recently, Eskil Jersing headed new ventures and was co-head of M&A at Petrobras in Rotterdam. He has 29 years' experience in exploration, new ventures, strategy planning and business development.
Opedal will be responsible the corporate improvement programs and for driving operational efficiency across Statoil’s business areas.
There was a small fire on the floating production vessel serving BG Group, Norwegian authorities said Tuesday. Knarr produced first oil last week and can produce 63 Mbbl/d, Reuters said.
Several batches of overlapping business lines will be unloaded to win U.S. Justice Department approval for their $34.6 billion combination, according to people with knowledge of the matter, Bloomberg said.
Brazilian petroleum regulator ANP shut the platform March 18 after an inspection found safety problems, Reuters said. The platform produced 106 Mboe/d of natural gas and oil in January.
The U.K. lifted a moratorium in December 2012, but no fracking has taken place, Bloomberg said. Scotland and Wales temporarily banned the method while studying environmental safeguards.
New rules and guidelines will be published in May. They were developed to reduce accident risk and environmental damage. They cover design, fabrication, installation, structural assessment, life assessment and decommissioning.
Power loss at an offshore facility last week forced production to shut down, Reuters said. The force majeure on exports of Saturno-grade crude oil is still in place.
The new federal rules include beefed-up measures to protect ground water, one of the main health and safety concerns arising from the drilling process.
The UK’s OGA will ensure North Sea producers extract Britain’s remaining 24 Bbbl of reserves, Reuters said. It will fine E&Ps that breach licenses. The OGA becomes a legislative body April 1.