Cognity, an Aberdeen, Scotland-based design consultancy, has completed an offshore oil drilling project 75 percent faster and more cost effectively than conventional design methods would allow, using simulation software from ANSYS. The project involved a design for conductor casing, the pipe that is
Eni has signed an agreement with MEO Australia Limited to farm-in to the Heron and Blackwood gas discoveries in the permit NT/P68 in the Timor Sea, northern Australia. The agreement involves Eni earning 50% in the Heron gas discovery by funding the drilling of two wells in the Heron Area. Eni may wi
Trinidad-based Offshore Technology Solutions Limited (OTSL) has ordered the new top selling Saab Seaeye Panther XT Plus electric work ROV. With ten powerful thrusters, 50% more power and swimming 30% faster than any other electric work ROV of its class, OTSL say the Panther XT Plus will greatly exte
Diamond Offshore Drilling, Inc. today announced that a subsidiary of the Company has entered into two term drilling contracts with Anadarko Petroleum Corporation. The contracts, which will utilize Diamond Offshore’s two new-build drillships now on order, are expected to generate combined maximum tot
The Trans Adriatic Pipeline (TAP) announced yesterday that it has commenced the project’s formal Environmental and Social Impact Assessment (ESIA) process in Italy. The submission of its Scoping Report to the Italian authorities follows a similar move in Albania last month. The Scoping Report docume
RigNet, Inc., a leading global provider of managed communications solutions for the oil and gas industry, announced that its subsidiary in Oman, RigNet Middle East LLC, has been awarded a Class III VSAT license. This license allows RigNet to serve Oman’s oil and gas industry, both onshore and offsho
Russia’s Lukoil and the EBRD today announced that the financing for Shah Deniz, the largest offshore gas field development in the Caspian Sea, had achieved full completion. Shah Deniz is now the largest new gas field in the region, serving both the Azeri and Georgian domestic gas markets, as well as
Hercules Offshore annouced that Craig M. Muirhead has been appointed to the position of Vice President and Treasurer. Mr. Muirhead joined the company in January 2007 as a Corporate Finance Analyst and most recently served as Assistant Treasurer. Prior to joining Hercules Offshore, he served in vario
Lundin Petroleum AB (Lundin Petroleum) announces that it has commenced its Malaysian drilling campaign with the spud of the Tarap-1 well in the SB 303 Block offshore Sabah, East Malaysia. The well will target Miocene sandstones in the Kindu sub basin. The well will be drilled with the Offshore Coura
Faroe Petroleum plc, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in the Atlantic Margin, the North Sea and Norway, is announced that it has completed the acquisition of the 18.0% interest in the Blane oil field from ENI UK Limited a
Cabot Corporation has been selected by global engineering company Technip to provide pipe-in-pipe insulation for four subsea pipeline projects in the North Sea. Technip will use Cabot’s aerogel Compression PackTM to insulate a total of 64 km of subsea pipe-in-pipe (PiP) flowlines. The systems will b
Coastal Energy Company announces the successful results of the Bua Ban North B-03 exploration well. The Bua Ban North B-03 well was drilled to 4,420 feet TVD and encountered 48 feet of net pay in the Miocene objective with average porosity and water saturations of 28% and 33%, respectively. The wate
Sete Brasil S.A. (Sete BR) was formally set up last Friday, May 13, in São Paulo. In partnership with Estaleiro Atlântico Sul (EAS) shipyard, it will take on the contract for the construction of seven offshore drilling rigs, the first ever built in Brazil, intended to meet the needs of Petrobras’ lo
Noble Energy, Inc. announced today that it has ended drilling operations at the Leviathan #2 appraisal well location, offshore Israel. During the drilling process, the Company identified water flowing to the sea floor from the wellbore. The source is a water sand that flowed behind the surface casin
