Archive | The Offshore Frontier

Douglas-Westwood: Oilfield services expenditure to decline by 30% in 2015

Posted on 25 March 2015 in Global and Regional Markets, News, Onshore Advances, The Offshore Frontier

Global oilfield services (OFS) markets are facing difficult headwinds as a function of commodity prices…

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BG Group produces first oil from the Knarr field in Norway

Posted on 19 March 2015 in News, The Offshore Frontier

BG Group announced the Petrojarl Knarr floating production, storage and offloading (FPSO) vessel…

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BP Well Advisor aims to transform data to information, information to insight

Posted on 18 March 2015 in Drilling It Safely, Innovating While Drilling, News, The Offshore Frontier

While the digital age has spawned a world of nearly seamless information access for billions of people around the world, the drilling industry…

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Petrobas breaks record for well drilling depth in Sergipe-Alagoas Basin, begins P-61 production in Papa Terra field

Posted on 18 March 2015 in Global and Regional Markets, News, The Offshore Frontier

Petrobras has started production on platform P-61 in Papa Terra field, located near the southern perimeter of the Campos Basin…

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BP makes second significant gas discovery in Egypt’s East Mediterranean Sea

Posted on 09 March 2015 in Global and Regional Markets, News, The Offshore Frontier

BP Egypt has announced another important gas discovery in the North Damietta offshore concession in the East Nile Delta…

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BP finalizes deal to develop Egypt’s West Nile Delta gas fields

Posted on 06 March 2015 in Global and Regional Markets, News, The Offshore Frontier

BP has signed the final agreements of the West Nile Delta (WND) project to develop 5 trillion cu ft (TCF) of gas resources and 55 million bbl of condensates with an estimated investment of…

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Kosmos Energy finds hydrocarbons in CB-1 exploration well offshore Western Sahara

Posted on 03 March 2015 in Global and Regional Markets, News, The Offshore Frontier

Kosmos Energy announced that the CB-1 exploration well located in the Cap Boujdour permit area offshore Western Sahara encountered hydrocarbons. The well penetrated…

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Video: Fitness strategies tailored to offshore lifestyle could curb obesity in rig personnel

Posted on 10 February 2015 in Drilling It Safely, News, The Offshore Frontier

The consumption of high-caloric foods, increasing age profiles and rig automations decreasing the necessity for manual labor all contribute to obesity on offshore…

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Statoil appoints Eldar Sætre as new President and CEO

Posted on 04 February 2015 in News, The Offshore Frontier

Statoil’s Board of Directors has appointed Eldar Sætre as its new President and CEO. Mr Sætre has been acting as President and CEO since October and assumes the role with immediate effect…

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US President Obama requests $204.7 million in 2016 for BSEE

Posted on 02 February 2015 in Drilling It Safely, News, The Offshore Frontier

President Obama’s fiscal year 2016 budget request for the Bureau of Safety and Environmental Enforcement (BSEE) is $204.7 million, providing robust support that will enable BSEE to keep pace…

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