Chevron has said it is canceling plans to drill for oil in the Beaufort Sea in Canada's Arctic because of economic uncertainty in the industry as oil prices fall. Beaufort Sea map. From Chevron. The鈥
For Western-based service companies whose products or personnel were at work in the waters off the Russia, projects that were already complex by virtue of the location became substantially more so with the recent Western sanctions against the Russian Federation鈥
ExxonMobil received consent from the Petroleum Safety Authority Norway (PSA) to use the West Alpha semisubmersible drilling rig on the Balder field, in the central North Sea. The West Alpha. From North Atlantic Drilling鈥
Russian authorities confirmed the reserves in the Pobeda oil and gas field, located on the Kara Sea shelf, Rosneft announced. The field was discovered through the Universitetskaya-1 well. The gas reserves were discovered in the chalk deposits of Cenomanian Age and Apt-Alb Age鈥
OE spoke with experts from CGG and Ion Geophysical to ascertain where the next frontiers of future offshore oil and gas exploration will be located. These areas are certain to blossom over the next five years. Here鈥檚 how the experts answered鈥
Scientific drilling confirmed the presence of natural gas hydrates on the North and Central American continental shelves in late 1970s and early 1980s, but it was only recently that researchers began to seriously assess methane hydrate development鈥
Aker Solutions, FMC Technologies, and GE Oil & Gas set out where they see the future of subsea technologies going. Aker Solutions A vision for the future: advanced subsea production systems. Photo from Aker Solutions鈥
A megaproject is one that costs more than US$5 billion to develop. They stretch a company鈥檚 capabilities to their limits, especially in the harsh climates like the Arctic or in ultra-deep water. In 2000, oil companies took on seven megaprojects鈥
Russia's Gazprom Neft and state-owned PetroVietnam have begun exclusive talks to potentially cooperate in the development of the Dolginskoye field, located about 75km off the Russian coast in the Pechora Sea. Gazprom Neft said in a statement鈥
The Bureau of Ocean Energy Management (BOEM) and National Oceanographic Partnership Program (NOPP) partners announced the award of a broad Arctic study that will investigate the interrelationship among the physical, biological, chemical and鈥
The Russian National Committee for United Nations Environment Programme (UNEPCOM) endorsed Rosneft and the Russian Geographical Society's initiative to continue its Arctic research program. This program will help define the principles of economic activity regulations in the region鈥
South Korea鈥檚 Daewoo Shipbuilding and Marine Engineering (DSME) yard ordered a total of 54 Wärtsilä Corp. dual fuel engines to power 172,600cbm icebreaking LNG carriers. The icebreaking LNG carriers鈥
How much does Russia鈥檚 oil and gas industry stand to lose in light of increasing Western sanctions? Sarah Parker Musarra reports. In April 2014, the first oil produced from the Russian Arctic Shelf鈥
The Bureau of Ocean Energy Management (BOEM) released the draft supplemental environmental impact statement (SEIS) that predicts a higher exploration and production scenario than before for the Chukchi Sea Outer Continental Shelf Oil and Gas Lease Sale 193鈥
Arctic-ready facilities: meeting the engineering challenge for a new era of offshore exploration. Mark Manton explains. The Sable South Centre module being loaded ready for installation at the Sable 云顶赌场老虎机 Energy Tier II Compression Project鈥
