A major study is underway to identify new processes and technologies that can be applied to asset integrity challenges in the UK offshore oil and gas industry. Lockheed Martin has been commissioned to conduct a technology landscaping…
Low production efficiency in the UK North Sea has amounted to some 900 MMboe of lost production, a senior oil executive told a business breakfast in Aberdeen this morning. Ray Riddoch, Nexen Petroleum’s UK managing director, said in 2014…
Gregory Hale discusses how operators can get more out of their current assets, and add more to the bottom line. All images from Honeywell. Systems on a platform floating in the…
Advances in two areas of asset integrity are being targeted by a new oil and gas industry project being led by Total E&P UK and Amec Foster Wheeler under the direction of the Technology Leadership Board, which could unlock £1 billion of revenue…
Houston-headquartered Apache Corporation has claimed it has increased its North Sea reserves by some four to seven times since the end of 2014. In a trading update highlighting the performance of its North Sea business, focusing on the Forties and Beryls assets…
French oil major Total has scaled back its production target for 2017 after announcing further investment cuts and project delays. Total says it is executing its plan to reduce capital spending to US$23-24 billion in 2015, from the peak of $28 billion in 2013…
Wood Group has been chosen by Statoil to provide four-year operations and maintenance at the Peregrino field offshore Brazil. The contract covers two wellhead platforms (Alpha and Bravo) and modification services for both units and the Peregrino FPSO…
BP executive Bernard Looney said in his lunchtime speech that there are plenty of reasons to remain optimistic about the UK oil and gas sector, despite recent job losses totaling 5500. “We’re a growth industry,” Looney said. “Not many industries can say that…
For OE, 2015 is a milestone year – it’s our 40th anniversary. We share that milestone with one of the world’s most iconic oil fields – the UK North Sea Forties field. Elaine Maslin charts the field’s history and finds out what the future holds…
Communication is key, even offshore. Gregory Hale examines how wireless can improve operational efficiencies. A kenetic mesh network in action on and offshore oil and gas rig. Image from Rajant Corp…
North Sea production could finally reverse its 15-year downward trend this year as new fields come onstream and production efficiency measures take hold. According to the Department of Energy and Climate Change provisional 2015 production figures…
Oil & Gas UK has launched new guidelines to minimize the frequency and duration of planned maintenance shutdowns and to improve the reliability and safety of installations on the UK Continental Shelf (UKCS) as part of the industry-wide drive to improve efficiency…
Maersk Supply Service, DeepOcean UK and the Damen Shipyards Group gathered at Damen Shipyards Galati, Romania, to witness the launch of subsea support vessel Maersk Connector. The vessel is owned and operated by Maersk Supply Service…
North Sea industry stakeholders have called on UK Chancellor George Osborne (pictured) to introduce additional measures to support the ailing oil and gas sector. The Chancellor is due to unveil his Summer Budget tomorrow (8 July). It…
More than 5000 jobs have been lost in the UK North Sea sector and more losses are likely, the CEO of trade body Oil & Gas UK says. Deirdre Michie, Oil & Gas UK’s recently appointed CEO, told reporters during a briefing in Aberdeen that this is a challenging time for the industry…
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