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Chevron, CNOOC sign two production sharing contracts in China

Posted on 16 January 2013 in Global and Regional Markets, News, The Offshore Frontier

A China subsidiary of Chevron has signed two production sharing contracts with China National Offshore Oil Corporation…

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Statoil awarded interests in 14 production licenses on NCS

Posted on 15 January 2013 in Global and Regional Markets, News, The Offshore Frontier

Statoil has been awarded interests in 14 production licenses on the Norwegian continental shelf (NCS), of which it operates seven…

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Frigstad Deepwater orders two ultra-deepwater semisubmersibles

Posted on 11 January 2013 in Global and Regional Markets, News, The Offshore Frontier

Subsidiaries of Frigstad Deepwater have entered into turnkey construction contracts for the delivery of two ultra-deepwater…

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Newly formed Shelf Drilling stakes claim in shallow-water markets

Posted on 09 January 2013 in Global and Regional Markets, News

Although a good portion of the E&P industry has set its sights on deepwater as the next frontier, David Mullen, Shelf Drilling CEO…

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Preventive maintenance systems drive change on Nabors rig engines

Posted on 09 January 2013 in Drilling It Safely, Drilling Rigs & Automation, Innovating While Drilling, News

A sweeping change in equipment maintenance in the oil and gas industry is under way: Historical reactive maintenance…

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US launches expedited assessment of 2012 Arctic operations

Posted on 09 January 2013 in Drilling It Safely, Global and Regional Markets, News, The Offshore Frontier

The US Department of Interior has launched an expedited, high-level assessment of the 2012 offshore drilling program…

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Lundin Petroleum: 2013’s $1.7 billion budget to focus on Norwegian projects

Posted on 09 January 2013 in Global and Regional Markets, News

Swedish oil and gas company Lundin Petroleum this week announced a US $1.7 billion budget for its 2013…

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Norway proposes revision to NORSOK well integrity guidelines

Posted on 09 January 2013 in Drilling It Safely, Global and Regional Markets, News

Standards Norway, one of three standardization bodies in Norway, has released Revision 4 of the NORSOK Standard D-010…

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Sapinhoá field starts commercial production in pre-salt Santos Basin

Posted on 09 January 2013 in Global and Regional Markets, News, The Offshore Frontier

Petrobras’ Cidade de São Paulo FPSO platform has started commercial production of the Sapinhoá field in block BM-S-9…

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ExxonMobil looks to reap 700 million-plus bbls from Hebron project

Posted on 09 January 2013 in Global and Regional Markets, Innovating While Drilling, News, The Offshore Frontier

ExxonMobil will develop the Hebron oilfield offshore Canada using a gravity-based structure that will recover recover more than 700…

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