Russia's Lukoil informed its President Vagit Alekperov, jointly with Head of the Astrakhan Region Sergey Morozov, took part in the official groundbreaking ceremony to mark the start of construction of infrastructure facilities of Rakushechnoye field…
ABB Turbo Systems will acquire Swiss-based Tekomar Group, the company announced today. ABB said the by acquiring Tekomar, ABB will further develop Tekomar’s digital solution for engine analytics and advisory systems. 'Advancing ABB capabilities in performance modeling and analysis…
Cost cutting could help push more final investments decisions through this year, giving industry sight of some much-needed work. Steve Hamlen reports. Wood Mackenzie’s Malcolm Dickson. Northeast…
Compared to the automotive and aerospace industries, the oil and gas sector has been slow in its uptake of optimization through analysis in the early design phase. It should be viewed as a fundamental requirement for the successful design of all offshore risers and conductors for instance…
Image from Weatherford. Weatherford International has commercially released the ForeSite production optimization platform at the Weatherford Enterprise Software Conference. The ForeSite…
Petrobras shared innovations and efficiency gains related to the Libra field at the Offshore Technology Conference (OTC) in Houston. Petrobras says collaboration between Libra area partners has produced a US$13/bbl reduction to the project's breakeven price…
Schlumberger has introduced the Lift IQ production life cycle management service, which offers monitoring, diagnostics and optimization of artificial lift systems in real time. This new service securely collects, transmits, evaluates and…
Seabed Geosolutions, a joint venture between Fugro and CGG, has been awarded a 4D baseline ocean bottom node project in West Africa, with a duration of six-weeks. The crew is currently in the mobilization phase of the project, which will…
Trelleborg’s offshore operation based in Houston has invested in a new Global Riser Analysis team to incorporate in-house mathematical simulation capabilities into its current engineering group. The Global Riser Analysis team consists…
Well integrity and reliability software supplier ExproSoft has acquired Miriam, a supplier of RAM analysis software. Image of Odd Are Svensen (CEO, ExproSoft) and Christophe Spaggiari (CTO, Miriam)…
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…
ION Geophysical Corp. won an award for its ION in-field acquisition optimization services for all time-lapse, or 4D, towed streamer projects for the 2016 North Sea season. The company was awarded a total of five 4D projects, which include…
Some US$50 billion has been dropped from the Norwegian oil and gas investment hopper from 2014 up to 2020, according to figures presented at the ONS exhibition and conference in Stavanger today. The fall, amid a $1 trillion drop in global spending in the same period…
Drilling and well performance solutions firm eDrilling, and drilling optimization company SynepsisDart have announced a new partnership to help exploration and production companies drill wells safer, quicker and cheaper. SynepsisDART…
Fluor Corp. company Stork, was awarded a two-year fabric maintenance and asset support services contract by Repsol Sinopec Resources UK across six of their North Sea assets. Fluor booked the undisclosed contract award in Q2. Stork will…
Subscribe
