Low production efficiency in the UK North Sea has amounted to some 900 MMboe of lost production, a senior oil executive told a business breakfast in Aberdeen this morning. Ray Riddoch, Nexen Petroleum’s UK managing director, said in 2014…
Several oil and gas majors put in their bids worth more than US$907 million ($1.2 million CAD) for a chance to explore about 2.6 million hectares of the Canada-Newfoundland and Labrador offshore area, according to the Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB)…
The numbers are staggering. At US$50/bbl, at least 20% of production in the North Sea is loss making, an industry event was told last week. And that is likely to be a conservative estimate. Faced with what has been called “a perfect storm” by many – high operating costs…
Oceaneering International has secured a contract from Shell to supply umbilicals for the deepwater Appomattox development located in the Mississippi Canyon area of the US Gulf of Mexico. The order is for electro-hydraulic steel tube control umbilicals…
Nexen has awarded Xodus Group a contract to provide front end engineering and design (FEED) services in support of the decommissioning of the Ettrick and Blackbird fields in the central North Sea. The workscope will assess the best…
North Sea industry body Oil & Gas UK has announced a number of appointments of member company representatives to its board. Alan Corbett, managing director at Bristow Helicopters, will represent the aviation sector, replacing Richard Mintern of Babcock International Group…
Supermajors Chevron and ExxonMobil were two of 26 companies, both privately and in consortia, that have earned the right to submit bids for Mexico’s Round 1 to be held on 15 July, the country’s National Hydrocarbons Commission (CNH) announced on 25 May…
ExxonMobil confirmed a significant oil discovery on the Stabroek Block found 120mi offshore Guyana. The well, spud on 5 March 2015, was drilled by ExxonMobil affiliate, Esso Exploration and Production Guyana, and encountered more than…
Petrofac completed a project for Nexen Petroleum UK Golden Eagle Development Area, delivered through its Plant Asset Management consulting business that involved the development and implementation of a maintenance program for the Golden Eagle installation…
Alphastrut has expanded its operations by opening an office in Busan, South Korea. The Scotland-headquartered company has already enjoyed success in having its weight-saving aluminum support system specified for use on major North Sea platform developments for BP…
Petrotechnics has completed the implementation of its Proscient software platform on two UK offshore assets operated by Nexen Petroleum UK, a wholly owned subsidiary of China National Offshore Oil Corp. The platform will play a key role…
The waiting is over - the shortlist for the 2015 Offshore Achievement Awards has been announced today (12 January 2015). Supported by OE, the annual awards are organized and hosted by the Society of Petroleum Engineers (SPE) Aberdeen…
Late life production optimization is hard, but interesting, according to those tackling the issue. Elaine Maslin provides an overview of recent trends. As natural production rates wane and assets start to age, optimizing production rates offshore becomes a key challenge for operators…
China's CNOOC has announced first oil on the US$3.3 billion UK North Sea Golden Eagle Area Development (GEAD). The development, comprising separate production and wellhead platforms and two subsea production systems, is producing about 18…
Watch as Nexen’s video gives insight into the four-day operation needed to lift and install the production, utilities and quarters (PUQ) deck for the Golden Eagle area development offshore, approximatley 70km northeast of Aberdeen…
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