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$75 billion CAPEX planned in drilling rigs on next 5 years
With more than $75 billion Capital Expenditure to be invested in drilling rigs in the next 5 years, the pipeline of business opportunities in drilling rigs has never been so loaded according to...
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“FSO”
Definition FSO is the acronym of Floating Storage and Offloading used to describe the offshore operation between the oil and gas processing and the export to the shore by pipeline or shuttle tankers....
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Topsides
Definition The Topsides are the surface installations allowing the drilling and/or production and/or processing of offshore hydrocarbons. Comments Normally used as a plural the Topsides comes from the...
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Rosneft and ExxonMobil Strategic Agreement takes shape
Rosneft and Exxon mobilize $3.2 billion as first step On April 2012, Rosneft and ExxonMobil signed a Strategic Cooperation Agreement to jointly explore and develop oil and gas fields in the Russian...
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Statoil tenders new rigs to target 60% oil recovery
Statoil to build IOR center and redefine drilling rigs Statoil leads the world on recovery rate in exceeding for the first time an average of 50% in 2011. By comparison the global oil recovery rate is...
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One Day – One Country: Norway
Norway Key Projects and Business Highlights In 2012, Norway started to collect the first benefits of its exploration in the untapped oil and gas fields of the Norwegian Continental Shelf (NCS). With...
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One Day – One Country: Brazil
Brazil Key Projects and Highlights In 2012, Brazil and its flagship, Petróleo Brasileiro S.A. (Petrobras), had to face a reality regarding their capacity to deliver on time all the fleets of drilling...
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