Saipem has celebrated setting new milestones in the oil service industry with the installation of two gas export free standing hybrid risers (FSHR), 20in and 19in respectively, in the Pre-Salt area of Santos Basin about 300km from the Brazilian shoreline…
Baker Hughes says it expects to make some US$500 million annual savings by the end of 2016, as part of measures it is taking following the collapse of its proposed $34.6 billion merger with Halliburton. The initial phase of the cost reduction…
Oilfield services firm Proserv has won a multi-million dollar contract from Apache Corp for work on the UK Continental Shelf. Proserv will supply a subsea control system and associated topside and subsea interface equipment for use on the new Callater wells south of the Beryl Alpha platform…
Californian high-pressure valves firm BuTech is showcasing a new line of high-pressure relief valves at this week's OTC in Houston. BuTech’s new relief valves feature a state-of-the-art repeatable release design that minimizes the need for frequent recalibration…
The University of Aberdeen is to get a £250,000 grant from the Oil and Gas Authority (OGA) to investigate the potential for hydrocarbon exploration in the Rockall area of the North Atlantic. The funding is part of a package of measures…
Oil & Gas UK has announced a new organisational structure, following a thorough business review. The revised business model is designed to make sure the leading trade association is in the best shape possible to promote and serve its…
Lundin Petroleum has agreed to acquire Statoil's 15% stake in the Edvard Grieg field in return for increasing its shareholding in Lundin. The deal, which inccreases Statoil's stake in Lundin from 11.93% to 20.1%, also includes Lundin…
Houston-based Anadarko Petroleum has successfully drilled its first horizontal deepwater well offshore the Ivory Coast. The firm encountered 100ft net of true vertical thickness (TVT) pay on the Paon-5A well using Bolette Dolphin drillship…
Cyberhawk Innovations, an aerial inspection and survey provider, is set to establish a Houston office. The new office comes as a result of increasing demand from existing oil and gas customers who recognize the significant cost and time…
The development of the new, world-class Oil & Gas Technology Centre (OGTC) in Aberdeen has moved forward with the appointment of the board and recruitment is now underway for a chief executive officer and other senior posts. The project…
Halliburton and Baker Hughes have terminated their proposed US$34.6 billion merger, both companies announced late Sunday, 1 May 2016. According to the terms of the merger proposal, Baker Hughes will receive $3.5 billion for the termination of the agreement…
John Bradbury speaks with ExxonMobil’s Marilyn Tears ahead of her presentation at this year’s Underwater Technology Conference in Bergen, Norway. Tears. Marilyn Tears has already…
With big data also comes big risks to security. DNV GL’s Nada Ahmed discusses how security standards can be raised within the oil and gas industry. New IT infrastructures and technologies…
Scrap or refurbish and reuse? It’s a question being asked on the UK Continental Shelf. Elaine Maslin reports. Pipe, ready for reuse. Staff photo. At a recent conference in Aberdeen…
This year, the deepwater drilling record could be broken not just once, but twice, breaking the last record, set back in 2013. Elaine Maslin takes a look. Total’s Raya-1 well is due to be drilled offshore Uruguay using Maersk Oil’s ultra…