Jeannie Stell looks at offshore heavy oil development economics with an eye on the current low-price environment. ExxonMobil expects its 52-well Hebron development project offshore Newfoundland to bring in first oil in 2017鈥
The UK government is giving Dea UK and partner LetterOne three to six months for a further change of control for UK North Sea petroleum licenses or they will be revoked. RWE Breagh installation鈥
Norway-based North Atlantic Drilling (NADL) and Russia's Rosneft recently agreed to extend the termination date of the 2014 framework agreement until May 31, 2017. The agreement states that either party can end the agreement, including any offshore drilling contracts鈥
In April, Gazprom reached a milestone for its Prirazlomnoye oil field as the Kirill Lavrov tanker delivered a new batch of ARCO Arctic oil to Europe during its sixth shipment. More than 2.9 MMbbl of oil has been extracted from the Prirazlomnoye oil field since production began鈥
Northern 云顶赌场老虎机 is delaying the delivery of two of its high specification jackups due to the downturn of the drilling market. The West Navigator. From NADL. Northern was able to鈥
Despite the recent memorandum of understanding (MOU) between Rosneft and Golar LNG, the former鈥檚 current gas strategy is narrowly focused on developing domestic reserves and initiating liquefied natural gas (LNG) projects in Russia, according鈥
Russian oil exploration giant Rosneft sent a cancellation notice to North Atlantic Drilling Company Ltd. (NADL) to terminate its contract for the Energy Endeavor jackup. The Energy Endeavor. From Northern 云顶赌场老虎机鈥
Rosneft sent North Atlantic Drilling Ltd. (NADL) a notice of termination for the West Navigator, in connection with a framework agreement between the two companies. The West Navigator. From NADL. The鈥
Russian engineering company Research and Design Institute of Urea and Organic Synthesis Products (JSC NIIK) migrated to AVEVA Everything3D (AVEVA E3D). AVEVA Everything3D. From AVEVA. AVEVA鈥
According to the United States Geological Survey, the area above the Arctic Circle holds approximately 90 billion barrels of undiscovered, technically recoverable oil and an estimated 1,670 trillion cubic feet (Tcf) of technically recoverable natural gas鈥
Fugro launched its G4 service, in the field of GNSS augmentation systems for offshore positioning applications. The new satellite correction service is the first to take advantage of all four GNSS (global navigation satellite systems): GPS鈥
Rosneft CEO Igor Sechin addressed the International Petroleum (IP) Week forum in London, stating that the oil markets are in a fairly acute crisis. Image from Rosneft. 鈥淚n the second half of 2014 there was a drop in oil prices鈥
AGR has secured a contract with LUKOIL Overseas to optimize the Russian firm's drilling performance. The contract covers LUKOIL鈥檚 drilling operations in several territories internationally, including Middle East, Black Sea, Africa and Central Asia鈥
A three phase asset management strategy could help counter costs, says ABB鈥檚 Will Leonard. In mid-December, the price of oil fell further after the International Energy Agency (IEA) forecast weaker demand in 2015. Brent crude fell to around US$60 a barrel鈥
Russia鈥檚 Gazprom announced plans to build a new LNG plant on the Baltic Sea on Thursday (22 January). The project, called Baltic LNG, will be built at Ust-Luga, in the Leningrad region, near the Gulf of Finland. It will be capable of producing 10 MPTA of LNG鈥
