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…
PT Medco Energi Internasional Tbk (MedcoEnergi) has completed the acquisition of ConocoPhillips Indonesia Inc. (CIIL) and ConocoPhillips Singapore Operations (CSOP), both subsidiaries of ConocoPhillips (COP). CIIL is the operator of the…
A steering group of offshore companies working together to explore opportunities to maximize remaining gas reserves in the Southern North Sea (SNS) has been appointed. A mix of operators, duty holders, service businesses and supply chain…
Engineering, technical and business services organization Lloyds Register has acquired RTAMO, a software-enabled consultancy based in Aberdeen which provides data-driven solutions designed to reduce maintenance costs for asset owners. Murray Douglas…
WFS Technologies and TSC have launched Seatooth ACFM (alternating current field measurement), a wireless smart non-destructive testing monitoring solution designed to reduce subsea inspection costs. TSC‘s ACFM array probe is a well-established…
Exploration firm Far Ltd. has disputed announcements by both Woodside Petroleum and ConocoPhillips that a deal between the two firms over assets in Senegal has completed. The deal has seen Woodside acquire 100% of the shares in ConocoPhillips' Senegal business…
Maersk Oil has awarded a long-term contract to Lloyd's Register (LR) for a comprehensive suite of asset integrity services to support the development of Maersk Oil’s offshore operations in an efficient, safe and environmentally responsible manner…
Irish explorer Providence Resources has appointed a well management services contractor for its deepwater Druid well in the Porcupine Basin. The firm also expects to save 30% on drilling costs, thanks to a drop in rates in the last estimate…
Following more than two years of cooperation, Lloyd's Register has awarded its first Technology Qualification certificate to a developer of ocean energy technology, AW-Energy in Finland. The Technology Qualification certificate was presented in person by the chairman of Lloyd's Register…
GE’s Marine Solutions business and Sembcorp Marine entered a deal for GE is set to provide technology for Heerema’s new Sleipnir semisubmersible crane vessel. At 220m long and 102m wide, Sleipnir is to become the world’s largest crane vessel…
Jerry Lee discovers how Marathon and ConocoPhillips teamed up to drill difficult deepwater wells in the Gulf of Mexico using a custom MPD system onboard the Maersk Valiant drillship. The drill floor is the heart of the Maersk Valiant…
The UK oil and gas industry is set to become a pioneer in decommissioning activity globally and has the opportunity to become leaders in this field according to Wood Mackenzie. 'Although decommissioning in the North Sea has been an impending reality for some time…
Additive manufacturing and unmanned robotics have topped a list of key new technologies for the oil and gas industry. The two were identified as part of a survey of exhibitors at Offshore Technology Conference (OTC) in Houston by risk consultancy services group Lloyd’s Register…
Archer has been awarded a five-year contract by ConocoPhillips for the provision of mechanical wireline services for the Norwegian Continental Shelf. The contract was awarded following a competitive tender process for ConocoPhillips’ well intervention services in Norway…
ABS and Lloyds Register’s (LR) joint venture company Common Structural Rules Software (CSR Software) released new software tools for meeting the requirements of the IACS Common Structural Rules (CSR), which were put into effect on 1 July 2015…
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