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Video: How Vega Oil Offshore Platform Works (Edison)

Posted: March 29, 2016 at 10:00 am   /   Oil & Gas

Vega oil field is located in the Sicilian Channel, 20 km south of Pozzallo (Italy). In production since 1987, Vega platform was developed with 24 wells, and located in 130 metres of water. The platform can process 60,000 barrels of oil per day. Close to Vega platform there’s a floating storage and offloading tanker (Leonis) […]

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WorleyParsons lands Project Management Consulting project for Assiut Refinery

Posted: March 27, 2016 at 3:13 pm   /   Oil & Gas

WorleyParsons is pleased to announce that it received last week a Letter of Award from a new customer, Assiut Oil Refining Company (ASORC), a subsidiary of the main NOC Egyptian General Petroleum Corporation (EGPC), for work on the Assiut refinery in Egypt. The contract sees WorleyParsons establishing a significant new customer relationship with one of […]

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Video: Saipem 10000 – Interviews

Posted: March 25, 2016 at 6:56 pm   /   Oil & Gas

These video interviews were conducted towards the end of 2015 while the Saipem 10000 was at the port of Genova for maintenance and upgrading works, prior to leaving for operations in Egypt. (Source: Saipem)

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Schlumberger Introduces Real-Time Downhole Flow Measurement Service

Posted: March 25, 2016 at 3:49 pm   /   Oil & Gas

ACTive Q service delivers fluid velocity measurements to expand coiled tubing downhole monitoring capabilities. Schlumberger introduced the ACTive Q* CT real-time downhole flow measurement service, which delivers real-time injection diagnostics and treatment evaluation in just one run in a well. “Fluid injection monitoring and placement often requires customers to reach conclusions through trial and error […]

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Only 4 Days Left for the SPE Symposium: Cyber Security & Business Resilience for the Oil & Gas Industry Taking Place in Dubai

Posted: March 25, 2016 at 3:40 pm   /   Oil & Gas

The SPE Symposium: Cyber Security and Business Resilience for the Oil and Gas Industry is organised by the Society of Petroleum Engineers and will be held at the Sofitel Jumeirah Beach Residence, Dubai, from 29–31 March 2016. An opening keynote speech on “Cyber Protection and Security Operations” will be delivered by Abdulrahman E. Muagle, Chief […]

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Standard & Poor's, Moody's reduce Eni's rating

Posted: March 25, 2016 at 2:18 pm   /   Oil & Gas

Rating agency Standard & Poor’s lowered Eni’s long-term corporate credit rating to ‘BBB+’, outlook Stable, from ‘A-‘ with CreditWatch with negative implications. Standard & Poor’s confirmed the ‘A-2’ short term credit rating. The rating action has been adopted mainly following the reduction of the oil prices assumed by Standard & Poor’s within its evaluations. Rating […]

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Video: The LNG chain (Total)

Posted: March 25, 2016 at 2:00 pm   /   Oil & Gas

Natural gas produced by a well can either be transported on land via pipeline or shipped on board specially designed vessels after being liquefied at a temperature of -160°C. After arriving at its destination, the liquefied natural gas (LNG) is regasified and fed into the distribution network. For more information, visit Planète Energies website: http://www.planete-energies.com/en/ […]

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Egyptian Oil Ministry refutes reports on BG suspending development projects

Posted: March 24, 2016 at 2:31 pm   /   Oil & Gas

BG Egypt, a subsidiary of BG Group, a UK company recently taken over by Shell, has reportedly stopped work on some Mediterranean Sea projects, offshore Egypt. According to a Reuters report on Tuesday, which cited an official at the Egyptian General Petroleum Corp (EGPC), the company couldn’t reach a deal with the Egyptian government on […]

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Halliburton introduces Spectrum Real-Time Coiled Tubing Services

Posted: March 23, 2016 at 5:13 pm   /   Oil & Gas

Halliburton’s Production Solutions business line has introduced Spectrum Real-Time Coiled Tubing Services. This suite of services is designed to deliver more accurate, more complete downhole measurements. Spectrum Real-Time Coiled Tubing Services comprises two complementary offerings: Spectrum Diagnostic Services and Spectrum Intervention Services. These services integrate Halliburton’s coiled tubing with down-hole measurement tools, fiber optic sensing […]

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Bloomberg: HSBC said to take loss on Petroceltic loan as pain hits

Posted: March 23, 2016 at 12:34 pm   /   Oil & Gas

Banks said to sell Petroceltic loans for about 70% discount. European banks facing losses on loans to E&P energy companies. HSBC Holdings Plc is discovering the oil crash extends far beyond the deserts of the Gulf, the plains of west Texas and the shale fields of North Dakota. Even a small energy company in Dublin […]

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