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Chevron Announces First Oil from Mafumeira Norte Field in AngolaChevron Corporation announced today that its subsidiary Cabinda Gulf Oil Company Limited (CABGOC) and its partners commenced crude oil production ahead of schedule from the Mafumeira Norte project located offshore Angola. Full text |
GE Oil & Gas Wins $70m StatoilHydro Contract for Subsea Controls System
$80 dollar oil could trigger a new recession
FMC awarded Jubilee deepwater subsea production systems
Schilling Robotics Awarded Contract for New Deep Sea Drilling and Coring System
GE Oil & Gas Wins Contract to Supply 250 Subsea Wellhead Systems for Petrobras
Aker Solutions sets up geo business in Australia
Important well service contract award to Aker Solutions
First commercial use of WISE technology in North Sea CSEM survey
Talisman Energy says Grevling oil discovery offshore Norway is promising
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Chevron Corporation announced today that its subsidiary Cabinda Gulf Oil Company Limited (CABGOC) and its partners commenced crude oil production ahead of schedule from the Mafumeira Norte project located offshore Angola. Full text
GE Oil & Gas, a world leading company in oil and gas advanced technology equipment and services, has been awarded a contract worth over $70 million by StatoilHydro to upgrade a suite of subsea control systems for StatoilHydro’s Tordis Vigdis Controls Modification (TVCM) project. The solution will incorporate GE’s award-winning next-generation subsea electronics module - the VetcoGray SemStar5. Full text
With the ‘green shoots’ of recovery more numerous by the day, dark warnings of a new spike in oil prices are also multiplying. Saudi Oil Minister al-Naimi has warned that under-investment in oil capacity may lead to a return to $150/barrel oil, “or even worse”. Full text
FMC Technologies announced today that it will support the Jubilee Integrated Project Team (IPT) – consisting of Kosmos Energy (technical operator), Anadarko Petroleum and Tullow Oil & Gas (unit operator) - with the design and manufacture of subsea production systems for use in the Jubilee deepwater development. The award is expected to result in $210 million in revenue to FMC Technologies. Full text
Schilling Robotics, LLC, experts in subsea control systems, announced today that it has been awarded a contract for a new seafloor‐based deep sea drill system from Gregg Drilling and Testing, Inc., experts in drilling and geotechnical testing services. Full text
GE Oil & Gas announced today that its drilling & production business has been awarded a three-year frame agreement valued at more than $250 million to supply 250 VetcoGray subsea wellhead systems to Petroleo Brasileiro S.A. (Petrobras) of Brazil, an integrated oil and gas company. In terms of number of wellheads, this is the largest contract awarded to date in the industry. Full text
Aker Solutions is expanding its subsea and subsurface service offering in Australia by establishing its geo business in the country. The move is part of Aker Solutions' strategy to function as a lifecycle partner, throughout the lifetime of subsea oilfields, for oil companies operating in and offshore Australia. Full text
Aker Solutions has been awarded a contract with StatoilHydro to provide mechanical wireline services on StatoilHydro operated fields and mobile drilling units on the Norwegian continental shelf. Aker Solutions estimates that the initial three-year contract will generate income of approximately NOK 850 million. Full text
OHM Limited is to conduct a CSEM survey in the UK sector of the North Sea that represents the first full commercial use of OHM’s WISE technology. WISE (Well Integration with Seismic and Electromagnetics) uses available seismic and well data to underpin CSEM survey design enabling CSEM technology to be successfully applied in technically challenging areas. Full text
Talisman Energy Norge AS, a wholly owned subsidiary of Talisman Energy Inc. (TSX:TLM) (NYSE:TLM), has made a promising oil discovery in the 15/12-21 exploration well drilled on the Grevling Prospect in the North Sea. The Grevling well is located about 215 kilometres off the west coast of Norway in PL038, Block 15/12, on the eastern flank of the Central Graben. Full text