Latest News - page 1825


Year in review: 2017

Dec 27, 2017

Taking a look back on the year that was 2017, our OEdigital.com website's most popular stories pretty much tell everything you need to know.  While the industry is still adjusting to the downturn, the bright spots are few, but significant…

FLNG projects taking shape

Dec 26, 2017

Elaine Maslin looks at some of the ongoing and proposed FLNG projects around the globe (First published in the December 2017 OE, access the full issue here). West Africa has seen a good amount of floating LNG project activity this year with three developments underway…

First oil flows at Premier's Catcher

Dec 23, 2017

Christmas came early for Premier Oil and its Catcher development partners. First oil was achieved from the field's FPSO today (23 December), according to FPSO owner and operator BW Offshore. BW Catcher FPSO…

Intelligent monitoring for offshore oil and gas

Dec 22, 2017

Accurate monitoring of oil and gas production is an increasingly valuable tool for operators and surveillance engineers but, until recently, visibility of data has been almost exclusively available to on-site operators. For those involved in remote surveillance and decision support…

Saipem wins Angola's West Hub SURF

Dec 22, 2017

Saipem has signed a contract with Eni Angola in relation to the West Hub Development project in Angola, which incorporates the work orders previously assigned and communicated in 2016 and 2017 and adds the scope of work for the development of the Vandumbu field in Block 15/06…

HMC inks second Tyra Redevelopment contract

Dec 22, 2017

Dutch transport and installation firm Heerema Marine Contractors (HMC) has won an additional contract on Maersk Oil's US$3.6 billion Tyra Redevelopment Project offshore Denmark. Following the award of the transportation and installation…

Aker BP completes Hess, Pandion deals

Dec 22, 2017

Operator Aker BP has completed an acquisition of Hess Norge, which owns 10% stakes in the Norwegian North Sea Valhall and Hod fields, from Hess Corp for US$2 billion.  At the same time, a deal by Aker BP to sell 10% interest in the…

Shell inks framework agreement with SNC-Lavalin

Dec 22, 2017

Canada-headquartered engineering group SNC-Lavalin, which recently acquired engineering house Atkins, has signed a framework agreement with Shell to provide pre-feasibility and feasibility studies for modular options on Shell's projects. SNC…

McDermott wins Tyra EPC work off Denmark

Dec 22, 2017

US engineering group McDermott International, soon to merge with CB&I, has inked a major lump sum contract with Maersk Oil for work on the largest ever oil and gas project offshore Denmark.  McDermott is to provide engineering, procurement…

North Sea Giant to be fitted with energy storage "world's first"

Dec 22, 2017

Finnish power firm Wärtsilä is to retrofit an energy storage solution on to Norwegian North Sea Shipping's North Sea Giant offshore construction vessel in what's being described as a world's first. The energy storage system will reduce the DP3 vessel’s energy consumption…

Eni increases Mexico Area 1 estimate to 2 billion boe

Dec 22, 2017

Italy's Eni says a production test on the Tecoalli-2 well, in shallow water Campeche Bay, Mexico, showed 'excellent production capabilities,' and increased estimates of oil in place in Area 1 to 2 billion boe, with about 90% oil. The well is in Contractual Area 1…

Eni takes stake in Caspian Sea block, Kazakhstan

Dec 22, 2017

KazMunaiGas (KMG) is to transfer to Eni 50% of the exploration rights over the Isatay block, in the Caspian Sea, offshore Kazakhstan. The block is estimated to have significant potential for hydrocarbon resources, which are geologically…

FLNG coming of age, but in what form?

Dec 22, 2017

The performance of the world’s first floating LNG projects, which are moving from execute to operate, will form the shape of the industry to come. Elaine Maslin reports (First published in the December 2017 OE, access the full issue here)…

Technology trials point toward shorter shut-downs

Dec 22, 2017

A series of trials in the North Sea to test non-intrusive inspection (NII) techniques have shown that they can offer similar results to traditional intrusive methods. Non-intrusive inspection technologies could mean operators do not have to shut-in equipment…

Forties pipeline repairs to complete by Christmas

Dec 22, 2017

Work to fix a pipeline which is costing the UK North Sea industry millions in lost production a day is due to complete by Christmas, the operator has said.  INEOS, which operates the Forties Pipeline System (FPS), a major export pipelines from some 80 assets in the UK North Sea…

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