New tax measures aimed at making it more attractive for North Sea oil and gas assets to change hands have been welcomed by industry. In his Budget statement made in the UK Parliament yesterday (22 November), the Chancellor of the Exchequer Philip Hammond…
Oceaneering’s Joao Melo explains how operators can decide if aged assets can live longer. Umbilicals and termination assemblies ready for testing. Images from Oceeaneering. Subsea umbilicals…
Chrysaor has signed a deal last month to use the EnergySys Cloud Platform to manage their production data. The contract will see Chrysaor use EnergySys to deliver hydrocarbon accounting and production reporting for the North Sea assets they recently acquired from Shell…
In advance of OE’s 2017 Global FPSO Forum, held in Houston this month, Audrey Leon chats with the forum’s board members to learn what is in store for the FPSO sector and discover how digitalization may play a role. Aerial…
Xvision Software has developed FieldAP, a 100% cloud-based technology for the energy industry providing offshore project managers with an online tool for visual field development, digital planning and cost containment. According to Xvision…
Wood Group has appointed Alan Johnstone as president of its Asset Life Cycle Solutions business in Europe. Joining Wood Group from his position as Amec Foster Wheeler's managing director for upstream asset solutions, Alan brings almost three decades of North Sea…
Wood Group has been awarded a three-year global agreement with BP for the provision of conceptual engineering services, pre-front end engineering design (pre-FEED) and FEED engineering services. The agreement has an option to extend for two additional years…
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…
BP and EnQuest signed a US$85 million deal that will see EnQuest take over operatorship and 25% stake in the Magnus oil field in the North Sea, with a future option to take full ownership of the field. Image from EnQuest…
North Atlantic Drilling has again extended a newbuild rig contract standstill agreement with Singapore's Sembcorp Marine. Sembcorp Marine's subsidiary Jurung Shipyard has been building the semisubmersible drilling rig West Rigel, on which a standstill agreement had already been put in place…
Operators in mature basins are facing decisions about whether to invest in life extension projects or bite the decommissioning bullet. Elaine Maslin sets out the detail. Keeping platforms going…
Chevron started production at the high-pressure, high-temperature (HPHT) gas condensate Alder field in the Central North Sea that will help extend the field life of Britannia. Image of the installation of the Alder subsea isolation valve…
Gazprom Neft has signed a memorandum of cooperation with IBM at this year’s St Petersburg International Economic Forum covering the use of information technologies in exploration and production (E&P). The agreement outlines the key areas of technical collaboration…
Wood Group has acquired the trade and assets of Enterprise Engineering Service Limited’s (EESL) Aberdeen based fabrication and manufacturing business; following EESL's fall into administration in May. Wood Group says the acquisition enhances its asset integrity management capabilities…
Oilfield services firm Proserv has won a multi-million dollar contract from Apache Corp for work on the UK Continental Shelf. Proserv will supply a subsea control system and associated topside and subsea interface equipment for use on the new Callater wells south of the Beryl Alpha platform…
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