Production Efficiency News

 

Royal IHC Hands Over Converted Amazon J-Lay Vessel to McDermott

Sep 12, 2022

Dutch maritime equipment and technology firm Royal IHC has handed over the converted J-lay vessel Amazon to McDermott International.Royal IHC said: 'For this project, Royal IHC has converted Amazon into the modern and state-of-the-art J-lay vessel it is today. The patented system, with dynamic top tension capacity of 1.500 tonnes, can handle a variety of pipes, including normal flowlines, export lines…

ABB, Wison Offshore & Marine Sign FLNG Pact

Jun 09, 2022

ABB and Wison Offshore & Marine (WOM) have recently signed a memorandum of understanding to collaborate on floating liquefied natural gas (FLNG) projects.'FLNG facilities make the production, liquefaction, and storage of natural gas possible at sea…

Oil Plus Nets North Sea Platform Maintenance Deal

Mar 29, 2022

Oilfield consultancy specialist Oil Plus Ltd a contract with a North Sea operator to develop and deliver a proactive topsides maintenance resilience and equipment reliability program, to help enhance operational efficiency on one of its platforms…

Equinor's Martin Linge Offshore Field Officially Open

Jan 27, 2022

Norwegian Minister of Petroleum and Energy, Marte Mjøs Persen, will Thursday officially open the Martin Linge field, located in the North Sea, offshore Norway.As previously reported, the field came on stream in June 2021, after years of delays…

Lundin Energy to Lift Dividend by 25% as 3Q Profit Nearly Triples

Oct 29, 2021

Swedish independent oil firm Lundin Energy will raise its dividend for 2021 by 25% after its third-quarter operating profit almost tripled from a year ago, the company said on Friday.Lundin's earnings before interest and tax (EBIT) for July-September rose to $1…

BW Energy Completes Two Production Wells Offshore Gabon

Oct 20, 2021

Oslo-listed oil and gas company BW Energy has brought online the Gamba well DTM-7H as part of the Tortue Phase 2 field development in Gabon. The final well, DTM-6H, in the Dentale formation, is scheduled to come onstream in the coming days. Current…

Spirit Energy to Decommission Another North Sea Oil Field

Aug 30, 2021

UK-based oil firm Spirit Energy is set to decommission another oil field in the UK North Sea.Just days after receiving approval for the decommissioning plan for its Ensign field, Spirit Energy said Monday it would file a decommissioning program for its Chestnut field in the Central North Sea…

Neptune Energy Deploys Gaming Tech at Norwegian Wells to Boost Output, Cuts Costs

Jul 16, 2021

Oil and gas company Neptune Energy’s said this week it has digitalized its subsea wells in Norway using an innovative 3D gaming tech-based data visualization platform to enhance drilling and production efficiency, and reduce time and costs.The…

GlobalData: 35% of Equinor's Total Oil and Gas Output Base to be Powered from Shore

Apr 22, 2021

Norwegian oil and gas firm Equinor is on track to have over 35% of its total oil and gas production base by 2025 powered from shore, GlobalData, a data and analytics company said Thursday, citing Equinor's active and upcoming electrification projects across the Norwegian Continental Shelf…

Bumi Armada 4Q Profit Boosted by Armada Kraken FPSO Performance

Feb 26, 2021

Malaysian FPSO company Bumi Armada posted a net profit of RM144.1 million (around $35,5 million) in the fourth quarter of 2020.Bumi Armada said the result was an improvement from the third quarter of 2020 when its net profit was RM85.6 million (USD 21…

Petrofac Nets 'Enhanced' Contract with INEOS FPS

Jan 28, 2021

Oilfield services firm Petrofac has secured an 'enhanced' five-year contract with INEOS FPS, the operator of the key UK North Sea pipeline system - the Forties.Under the terms of the agreement, Petrofac will continue to supply personnel to the Unity Platform in the Central North Sea…

Coretrax's Tech Helps GoM Operator Resolve Well Issue

Oct 08, 2020

UK-based well integrity and production optimization firm Coretrax said its ReLineWL expandable straddle has recently enabled a Gulf of Mexico operator to troubleshoot an inoperable safety valve, passing through a restriction that conventional straddles could not pass through…

UK: Oil and Gas Production Efficiency Hits 80% 'Three Years ahead of Target'

Jul 31, 2020

Production efficiency on the UK Continental Shelf (UKCS) has improved for the seventh consecutive year and for 2019 reached 80%, three years ahead of the 2022 target, the UK Oil and Gas Authority (OGA) said Thursday.Production efficiency is…

MAN Compressors for Yinson's Brazil-bound FPSO

Jul 02, 2020

MAN Energy Solutions will deliver six compressor trains for Yinson's FPSO being built for deployment in Brazil.For the FPSO named Anna Nery, MAN Energy Solutions will deliver four RB-type centrifugal-compressor trains for gas production and export…

Shedding (Fiber) Light on Wells

Feb 20, 2020

On the surface, in-well surveillance and monitoring seems like an obvious and beneficial thing to do. Learning about what’s happening in wells can mean operators can make them produce more, change injection or gas-lift, methodologies, unlock shut-in wells…

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