Extending Asset Life In A Changing Market News

 

Tracerco Scores Subsea Inspection Work

Sep 24, 2019

Tracerco, part of Johnson Matthey Plc, reports it has recently been awarded seven subsea inspection projects to provide flow assurance and asset integrity data on a variety of pipelines, flowlines and risers in the North Sea, Gulf of Mexico (GoM) and Offshore West Africa…

Wood Scores TAQA Contract Extension

Sep 03, 2019

Wood has secured an 18-month contract extension for engineering, construction and maintenance services on TAQA’s North Sea assets, the engineering firm announced on Tuesday.Effective immediately, the extension builds on a previous agreement covering the Cormorant Alpha…

Centrica Extends Stork Contract

Aug 12, 2019

Fluor Corporation announced that Stork, part of Fluor’s Diversified Services segment, was awarded a contract extension by Centrica Storage Limited to continue providing fabric maintenance and associated services for the company’s UK onshore and offshore oil and gas assets…

W&T Buys Exxon's Eastern GoM Assets

Jun 27, 2019

W&T Offshore announced on Thursday that it has entered into a purchase and sale agreement with ExxonMobil to acquire their interests in and operatorship of oil and gas producing properties in the eastern region of the Gulf of Mexico, offshore Alabama…

Three IMR Trends

Apr 24, 2019

For years, “maintenance and modifications” were catchwords for nearly everything that wasn’t greenfield activity offshore. Two economic slowdowns later, subsea “M&M” might be seen as inspection, maintenance and repair (IMR), a segment that includes light well intervention…

Adjusting Strategy to Survive Oil Price Volatility

Apr 08, 2019

In times of oil price volatility, operators can take certain actions to reorient their businesses, generate sustainable value and reignite investor interest.According to the “New horizons: Strategic choices for upstream oil and gas companies…

Schlumberger, Rockwell Form Automation JV

Mar 21, 2019

Industrial automation and information company Rockwell Automation and oilfield services provider Schlumberger have teamed up to create what they're calling the first fully integrated digital oilfield automation solutions provider.The new Houston based joint venture…

End or Extend: Pre-decommissioning Planning

Mar 21, 2019

With an increasing focus on more cost-effective, sustainable methods within the oil and gas industry, operators are carefully considering the choice between extending or ending offshore production asset life. Pre-decommissioning planning has been highlighted as a key issue for many companies…

Equinor Pushes to Extend NCS Assets

Mar 14, 2019

Norway's Equinor is on a mission to give new life to more than 20 aging assets on the Norwegian continental shelf (NCS).Over the course of the last three years, the oil company has received the authorities’ approval for extending the life of…

Digital Assisted Monitoring & Maintenance

Mar 08, 2019

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…

UK Opens National Decommissioning Center

Jan 14, 2019

The National Decommissioning Centre (NDC) is opened by Lord Duncan, UK Government Minister for Scotland and Paul Wheelhouse MSP, Scottish Energy Minister, in Newburgh, in North-East Scotland’s Energetica Corridor.The Centre aims to work in partnership…

Unique Group Signs Partnership with Deepwater Corrosion Services

Nov 15, 2018

The integrated subsea and offshore solution provider Unique Group  has entered into a cooperation agreement with offshore corrosion control company Deepwater Corrosion Services Inc.As part of the agreement, Unique Group will offer Deepwater’s…

Aoka Mizu FPSO Needs Extra Repairs

Nov 13, 2018

The floating production storage and offloading (FPSO) unit Aoka Mizu's planned stop in Algeciras, Spain will be extended for additional repair work, said U.K. based Hurricane Energy.The FPSO, which will be used at Hurricane's Early Production…

Stork Wins UK Offshore Extension Deal with Chrysaor

Oct 19, 2018

Global engineering Fluor Corporation announced that its diversified services segment Stork was awarded a two-year contract extension by Chrysaor to deliver integrated specialist asset integrity services for its Armada, Everest and Lomond offshore…

OGTC launches $2.69m digital and decommissioning calls for ideas

Dec 14, 2017

Aberdeen's Oil & Gas Technology Centre (OGTC) has launched two calls for ideas relating to digital and decommissioning, with £2 million available to successful applicants.  The OGTC says that machine learning techniques could help extend the life of oil and gas fields…

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