Oil services giant Halliburton and Brazil’s Petrobras have signed a technology cooperation agreement that will advance collaboration in a diverse set of projects targeting complex reservoirs such as deepwater pre-salt and mature fields, offshore Brazil…
Maersk Oil is planning to cut 160 jobs from its Danish business unit following an 'organizational review.' The firm said the results of the review of the Danish business unit would 'simplify its organization to improve efficiency,' and create a more cost-efficient operating model…
French independent Perenco has acquired a 70% interest in the Teak, Samaan and Poui Block (TSP) in Trinidad and Tobago. The interest in the fields, offshore south east of Trinidad, has been bought from Repsol E&P T&T, a subsidiary of Spain's Repsol…
Norway-based ExproSoft has developed WellMaster Simulator, a cloud-based well life simulator for new and mature fields. The solution is designed to help oil and gas operators predict well interventions, downtime, and operating expenses (OPEX)…
The UK's Oil and Gas Authority (OGA) is holding a so-called 'hackathon' to identify new technology and practices which can reduce the cost of well construction on the UK Continental Shelf (UKCS). Jointly driven by the Technology Leadership Board Workgroup…
Mubadala Petroleum has reached agreement with Petrofac for the modification and extension of contracts related to the FPF-003 floating production, storage and offloading vessel (FPSO), which continued extension of the Jasmine development’s field life…
Halliburton (HAL) has released the Acoustic Conformance Xaminer service (ACX), a technology designed to help operators identify and pinpoint wellbore leaks by analyzing sound waves that describe flow patterns in the formation and casing. The…
Qatar-based Milaha has taken delivery of a new lift boat which will be deployed offshore, particularly in support of field maintenance efforts. Abdulrahman Essa Al-Mannai, president and CEO of Milaha, and Vivek Seth, CEO of Halul Offshore Services…
Expro is currently collecting real-time data to support production optimization from brownfield wells using a non-intrusive wellhead surveillance technology. John McKay, Expro, explains. ActiveSONAR…
The NG-3500X is the latest design in GustoMSC’s series of self-propelled jack-up designs – the NG series. Based on the NG-2500X and NG-1800X designs, the NG-3500X comes in two distinct versions for accommodation, services and well intervention…
The oil price collapse has been bad news for nearly every company involved in the industry, but one group that could actually benefit from it are specialist decommissioning companies. For these companies, there is an opportunity to be…
Aberdeen-based sand control technology firm has secured a contract with Statoil following a successful trial of its downhole well completions technology. Darcy has signed a framework agreement with Statoil to supply its unique hydraulic…
Halliburton's Wireline & Perforating business has introduced the Xamine Sonic Service, an evolution in acoustic formation evaluation that provides operators with high-fidelity data and advanced processing capabilities to more accurately characterize a wide range of reservoirs…
Some 140 fields could cease production on the UK Continental Shelf over the next five years, according to research by analysts Wood Mackenzie. The firm says high oil prices have enabled North Sea operators to extend field life and delay decommissioning time and time again…
A high oil price has enabled operators to extend field life and delay decommissioning time and time again on the UK continental shelf (UKCS), however, the current low oil price has brought into stark relief that this cannot continue indefinitely concludes a new analysis by Wood Mackenzie…
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