Stainless Steel Tubes for Extreme Offshore Conditions
At the ADIPEC in Abu Dhabi, Schoeller Werk will be presenting its comprehensive range of longitudinally welded stainless steel tubes. The focus will be on solutions for the oil and gas industry. The family company from Germany will be showing its high-load control line and chemical injection tubes specially for this sector. The expert for longitudinally welded stainless steel tubes is thus seeking to further expand its market…
How Shell Hid a Whale Before Placing Mexican Oil Bet
Announcement of Whale well discovery delayed until auction. The gasps in the audience were clearly audible at the auction of Mexico's oil blocks a month ago as Royal Dutch Shell's hefty bids were announced one by one. The size of Shell's cash payments - $343 million out of the total of $525 million that Mexico earned in the sale - far outstripped its competitors' offers, guaranteeing that the company swept up nine of the 19 offshore blocks. The Anglo-Dutch major knew something no one else did.
Chevron Approves New Tech in North Sea
U.S. oil major Chevron has approved an investment to increase output from its Captain oilfield by using a new water-injection technology for the first time in the North Sea, the company said on Friday. Six long-reach horizontal wells will be drilled in the 20-year-old field, around 90 miles northeast of Aberdeen. They are expected to raise the recovery rate 5 to 7 percent. Polymerised water will be injected into the field's oil reservoir…
Exxon Mobil Discovers New Oil Reservoir Offshore Guyana
Exxon Mobil Corp said on Thursday drilling results from a third exploration well offshore Guyana showed a new reservoir containing 100-150 million barrels of oil equivalent. The discovery at the Stabroek block is off a border region that is claimed by Venezuela in a territorial controversy dating back more than a century, even though the area functions in practice as Guyanese territory. The Payara field discovery is about 10 miles (16 km) northwest of Exxon's 1.4-billion barrel Liza oil discovery.
From Engineer to Sommelier: Calgary's Laid-off Oil Workers try Plan B
Alejandro Rodriguez wants to be a sommelier. His previous experience: 20 years as an oil reservoir engineer. The 42-year-old needed to consider a career plan B after ARC Resources Ltd laid him off in January, adding to a growing number of people in the Canadian city of Calgary, Alberta who no longer have a place in its once-vibrant oil and gas industry. Once lured by high pay and a multitude of opportunities, many job seekers in Calgary often have one mission these days: get out of the industry and never return.
First Oil at Aje
Panoro Energy ASA (“the Company” or “Panoro” with OSE ticker: "PEN"), the independent E&P company with assets in Nigeria and Gabon, notes the recent announcement made by its partner, the Operator of OML 113 Yinka Folawiyo Petroleum Company Limited, about the first oil production from the Aje field, offshore Lagos having commenced yesterday - 3 May 2016. Subsea installation activities had been underway at Aje since January and were completed in early March ready for the hook-up of the Front Puffin FPSO…
Cairn Gears up For Fourth Well Offshore Senegal
Cairn has given an update on further exploration and appraisal success in its latest well in the ongoing evaluation programme offshore Senegal. The BEL-1 well was targeting the Bellatrix exploration prospect and appraising the northern extent of the SNE field discovered in 2014. Based on the positive campaign results to date, the Joint Venture (JV) has agreed a fourth well location, SNE-4, which will commence operations shortly.
Emerson Launches Enhanced Reservoir Engineering Software
Emerson Process Management launched Roxar Tempest 7.2, the latest version of its integrated reservoir engineering software suite that can be applied in a wide variety of scenarios such as field appraisal, field optimization, and brownfield development. Tempest 7.2 comes with significant enhancements to its history matching and uncertainty analysis module Tempest ENABLE that will help oil and gas operators generate accurate production estimates, quantify uncertainty, and minimize financial risk.
Europa Oil & Gas (Holdings) Update
Europa Oil & Gas (Holdings) plc, the AIM quoted oil and gas company with producing and exploration assets in Europe, provided today an update from Egdon Resources (‘Egdon’) regarding the decision to proceed with the development of the Wressle oil and gas discovery (‘Wressle’) on Licence PEDL180, with first oil anticipated in H2 2016, subject to receipt of all required consents. Europa has a 33.3% working interest in PEDL180…
Saipem Scarabeo 3 Spuds Aje Well
Panoro Energy ASA , the independent E&P company with assets in Nigeria and Gabon, informed that drilling has commenced on the Aje-5 production well on the OML 113 license, offshore Nigeria. The well is being drilled with the Saipem Scarabeo 3 semi-submersible drilling rig. Aje is an offshore field located in the western part of Nigeria in the Dahomey Basin close to the border with Benin. The field is situated in water depths ranging from 100 to 1,000 metres about 24 km from the coast.
US Oil Scrambles to Retain Talent
After 20 years in the oil business, Craig Reed, 62, is thinking about winding down his career just as a second downturn in six years rocks the industry. Reed is part of the baby boomer generation that forms the backbone of the U.S. oil workforce and now weighs retirement as energy firms cut spending and shelve projects. That is a worrying prospect for company executives keen to keep their most experienced workers while they ride out the oil market slump.
Apache First Discovery in Australia's Offshore Canning Basin
Apache Corporation today announced an oil discovery at the Phoenix South-1 well - the company's first discovery in Australia's offshore Canning Basin. Wireline and formation pressure tools have confirmed at least four discrete oil columns ranging in thickness between 85 and 151 feet (26 to 46 meters) in the Triassic Lower Keraudren formation, within an overall, sand-rich section between 13,648 and 14,763 feet below sea level (4,160 to 4,500 meters).
Kemp: The Real Shale Revolution
By now everyone knows the shale revolution was made possible by the combination of horizontal drilling and hydraulic fracturing. But although fracking has captured the popular imagination, and is often used as a synonym for the whole phenomenon, horizontal drilling was actually the more recent and important breakthrough. Mastery of horizontal drilling around 1990, originally for oil rather than gas exploration, was the decisive innovation that lit the long fuse for the shale revolution that erupted 15 years later.
