Oil & Gas
Oil & Gas
New Asia-Pac guideline could kick-start the region’s decommissioning program
Regional agreement seen as historic move toward regulatory clarity and the unblocking of a major market. Following a three-year development period, the ASEAN Council on Petroleum (ASCOPE) is moving ahead with a guideline for a...
Oil & Gas
Petrobras awards $260m contract to Prysmian
Brazilian oil company Petrobras has awarded a $260m contract to Prysmian Group with regard to a frame agreement for umbilical products for offshore oil and gas extraction. The award refers to a frame agreement for...
Oil & Gas
Statoil commences drilling of Snilehorn exploration well
Faroe Petroleum announced that drilling of the Statoil-operated Snilehorn exploration well 6407/8-6 located four kilometers from the Hyme producing oil field in the Norwegian Sea, has commenced. Statoil will undertake the drilling operations using the...
Oil & Gas
CNOOC signs PSC with Smart Oil for Block 05/31 in Bohai
CNOOC’s parent company, China National Offshore Oil (CNOOC) has signed a production sharing contract (PSC) with Smart Oil Investment (Smart Oil) for Block 05/31 in Bohai. Located in the junction of Qikou Sag and Nanpu...
Oil & Gas
Centrica Energy to extend oil production at Chestnut field in UK
Centrica Energy has announced its consent to keep the FPSO Hummingbird Spirit on the Chestnut field in the UK North Sea through March 2016. Owned by Teekay, the cylindrical FPSO has been operating on the...
Oil & Gas
Cub Energy begins Yolduzu-1 well drilling in Turkey
Oil and gas company Cub Energy has commenced drilling operations at Yolduzu-1 (Y-1) exploration well in Besni license, Southeast Turkey. With a planned total depth (TD) of 1,325m, the company expects the well to take...
Oil & Gas
Shell, ExxonMobil, BG Group, Woodside join Asia-Pacific Decommissioning Workshop
Offshore liability in the Asia-Pacific is at an all-time high, with ageing infrastructure presenting critical challenges for the planning and execution of decommissioning & abandonment projects. Experts estimate a decommissioning market size of US$32 Billion. The...
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