Aker BP, Schlumberger and Stimwell Services have established the Well Intervention and Stimulation Alliance to accelerate and boost oil production.The 5+5 year tripartite agreement was signed by the CEOs of the three alliance partners at a venue at Aker BP’s Headquarter at Fornebu on Tuesday…
Commitment to accelerating the energy transition is gathering pace, as operators and technology developers at SPE Offshore Europe 2019 said they will invest to secure a more sustainable energy mix.In another encouraging sign that the energy…
Norwegian E&P company Petrolia NOCO AS has appointed Linn Katrine Høie as its new managing director.Høie comes to Petrolia NOCO with broad experience from the energy sector, most recently working with digitization of field development in Aker BP…
There has been a growing interest among oil and gas companies in adopting the Industrial Internet to improve sustainability and market competitiveness, said a study.According to data and analytics company GlobalData the upstream sector is witnessing…
Siemens said it has signed a five-year frame agreement with BP to support the UK supermajor as one of its main electrical contractors for future onshore and offshore upstream projects globally.The deal allows BP access to Siemens technology…
Fully-automated drilling aboard a semisubmersible or jack-up drill rig powered by batteries has just become a reality. As May 2019 got underway, new, modern rigs were being ordered on more exploration, and no fewer than eight modern rigs — seven…
ABS announced on Monday it is partnering with digital twin specialist Akselos to explore developing cutting-edge digital services to clients.The project unites the experience of applying digital technologies to maritime and offshore assets from ABS with Akselos’ patented technology…
Action is needed now to retain, retrain, recruit and renew the workforce in a rapidly changing UK oil and gas sector.These are the findings presented by energy skills body OPITO, who has set out a strategy to prepare the UK oil and gas industry…
There is a quiet but confident sense of growing optimism about prospects for the oil and gas market. The industry is now a far cry from 2015’s oil price crash that led to widespread decommissioning and lay-offs. Whilst operators are still facing volatile markets…
Digitization. Digitalization. Digital transformation.As far as Ross Philo, Energistics president and CEO, is concerned, these terms mean much more than simply acquiring more data.Digital transformation is “how do I change my business processes…
The offshore industry continues to find new ways to use machine learning and artificial intelligence to become more efficient, improve safety levels, and increase production. Stress Engineering Services is leveraging those technologies along…
Global oil and gas executives are preparing to accelerate their investment in digital technologies, primarily as they seek to double down on their cost-saving ambitions.An EY survey of 100 global oil and gas executives found that 89 percent…
Equinor on Monday announced the official opening of its two new digital operations centers established to support Equinor’s installations on the Norwegian continental shelf (NCS).The two new centers at Sandsli in Bergen, opened Monday by petroleum and energy minister Kjell-Børge…
Norway's Equinor said it intends to ramp up its use of wired drill pipe to acquire subsurface real-time data during drilling operations as it prepares for automated drilling.U.S. based firms NOV and Schlumberger have been awarded corporate frame…
Construction of Germany's 385 MW Arkona offshore wind farm in the Baltic Sea has been completed at a new record speed: The workers needed less than three months to erect 60 turbines.'The joint project between E.ON and the Norwegian energy company…
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