Ahead of the Underwater Technology Conference (UTC) in Bergen this June, Elaine Maslin spoke with program chairman Nils Arne Sølvik and Statoil’s Chief Engineer Subsea Technology & Operations, Rune Mode Ramberg, about some of the topics likely to come up…
Schlumberger has introduced the Lift IQ production life cycle management service, which offers monitoring, diagnostics and optimization of artificial lift systems in real time. This new service securely collects, transmits, evaluates and…
Audrey Leon chats with Schlumberger, Baker Hughes and Weatherford to learn about the latest technologies available for artificial lift. Dedicated Schlumberger surveillance engineers monitor alarms to prevent or mitigate adverse events…
Saudi Aramco and Baker Hughes (BHI) have completed the first installation of the TransCoil rigless-deployed electrical submersible pumping (ESP) system, which is designed to help operators bring wells on production faster and lower the costs associated with installing and replacing ESPs…
Borets has named Obren Lekic as CEO of Borets US, located in Houston. Lekic. Image from Borets. With more than 20 years of experience in the oil and gas industry, Lekic will lead…
US explorer Park Place Energy has completed the US$2.1 million acquisition of three Turkish companies, the Tiway Companies, from Tiway Oil BV. Image from Park Place Energy. The…
Zilift, a developer of permanent magnet technologies for innovative artificial lift applications for the energy sector, has successfully achieved the installation, operation and retrieval of a slim-line cable deployed electrical submersible pump (ESP)…
More and more heavy oil is coming into production pipelines. Measuring it, in a multiphase flow, is a challenge, says NEL’s David Millington. Heavy Oil. Photos from NEL. Cost…
Time and greater understanding makes most people and companies look at projects and assets differently and it’s no different for oilfields. Elaine Maslin reports from Devex. The Britannia BLP…
AccessESP, a provider of rigless electric submersible pump (ESP) conveyance solutions, has appointed Ed Sheridan as its Asia Pacific region manager. Based in Kuala Lumpur, Malaysia, he will be responsible for increasing market share in the region…
Baker Hughes says it expects to make some US$500 million annual savings by the end of 2016, as part of measures it is taking following the collapse of its proposed $34.6 billion merger with Halliburton. The initial phase of the cost reduction…
GE entered into a US$1 billion sourcing program, signing a series of agreements with its Russian strategic partners at the 17th GE Oil & Gas Annual Meeting in Florence. Expanding the scope of their 2013 strategic partnership, GE and Rosneft…
Baker Hughes suffered a net loss of US$1 billion in Q4, in addition to a 36% dip in its revenue year-on-year that the company said is from global pricing pressures, and the steep decline in activity. Image from Baker Hughes…
Abdelghani Henni reports on how French major Total is keeping the ABK field offshore Abu Dhabi up and running past its initial life span, and beyond, serving as a pilot project for other major fields in the country. ABK…
VAALCO Energy has announced a re-sequencing update to its drilling and workover program offshore Gabon in the Etame Marin block. Previously announced on 16 September 2015, VAALCO planned to mobilize the Transocean Constellation II jackup…
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