The UK North Sea has an industry target to cut well completion costs by 50%. Elaine Maslin reports. Looking up through a derrick. Photo from BP. Well construction accounts for…
Elaine Maslin examines how virtual reality goggles and augmented reality offshore platforms are quickly becoming part of the 21st century oil and gas industry. Simulation solutions. Photo from Aker Solutions…
Imagine a library where the books are written in a language so old, few alive can speak it; and the pages crumble to dust when turned. In data terms, this is the state of the UK oil industry’s 50+ years of exploration archives. Elaine Maslin reports on one project aiming to fix it…
Norway’s deepest yet oilfield development is bringing a string of firsts to the Norwegian Continental Shelf, not least when it comes to the field’s flowlines. Elaine Maslin reports. BuBi pipe fabrication at Vigra…
George Scott, Director for KPMG’s Cyber & Privacy practice in Scotland, warns companies in the upstream energy sector of impending changes to EU data protection laws in the form of General Data Protection Regulations. The European Union’s (EU’s) new General Data Protection Regulation (GDPR)…
Sand erosion can cost the industry tens of billions of dollars every year. NEL’s Marc Laing looks at what can be done to mitigate the issues. Changes to oil and gas production over past decades have brought about unprecedented challenges…
Scott Weeden drills down with NOV’s Hege Kverneland to find out why she is excited about using Big Data to predict component failures before they occur. Kverneland Just how exciting is Big Data…
Anadarko has its eyes set on Colombia, announcing further drilling plans in the Purple Angel block, and opportunities it has identified through the Esmeralda 3D seismic survey in the area. Map of Gorgon…
US giant ExxonMobil announced it will start five major offshore projects in 2017-2018, in addition to a Q4 2016 earnings of US$3.7 billion, which took a $2 billion impairment charge from its upstream sector. Image from Exxon…
The NHV Group has been awarded a contract with Ithaca Energy UK (Ithaca) to provide helicopter services in support of their upcoming drilling project at the Harrier Well in Block 30/6. The operations are expected to start Q2 2017. Flights…
Statoil has awarded a subsidiary of Oceaneering International a technology development contract to provide the development, manufacturing, testing, and mobilization of a self-contained, battery-powered work class remotely operated vehicle (E-ROV) system deployed on the seabed of the North Sea…
DOF subsidiary Norskan Offshore has secured three contracts with Brazilian giant Petrobras. The first, is a one plus one year contract for the Skandi Botafogo, which is set to start 15 February. Skandi Botafogo is an anchor handling tug supply vessel…
Seadrill is aiming to raise US$1 billion in new capital for restructuring efforts that CEO Per Wulff says has been more complex than the company had anticipated. The West Tellus, from Seadrill…
NEL, the flow measurement research and development specialist, has been selected to lead the development of a new multiphase flow measurement standard for the oil and gas industry. Despite the growing use of multiphase meters to cope…
Italian giant Eni discovered pay at the first appraisal well of its Merakes discovery offshore Indonesia. Image from Eni. The company successfully drilled and tested the Merakes 2 well…