The plummeting oil price has exerted huge financial pressures on the oil industry, forcing companies to identify areas where costs can be cut and savings made. The battle to shore up finances and compensate for the loss of revenue means the…
In this video, Visuray shows its VR90 tool, which uses X-ray technology to visualize in detail downhole hardware and borehole objects. The improved visibility allows oil companies to plan well interventions that address these issues precisely and efficiently…
Visuray announced a first commercial application of their X-ray wireline technology for downhole imaging in wells filled with opaque fluid. In a well, managed by TAQA Energy in Holland, Visuray’s VR90 tool successfully imaged the top of a coiled tubing disconnect with millimeter accuracy…
Image from Aker Solutions Aker Solutions and MAN Diesel & Turbo agreed to form an alliance to develop the next generation in subsea compression systems that can be used at even the smallest…
The Roc Oil and CNOOC-led joint venture spudded the WZ 12-8W-A6P1 appraisal well, in Beibu Gulf, offshore China, according to parnter Horizon Oil. Map from Horizon Oil. The well is located in the Weizhou 12-8 fields area…
Image: Brandon Bordelon/Bordelon Marine Bordelon Marine has taken delivery of the MV Brandon Bordelon a DP2 ultra-light intervention vessel (ULIV) this month. The vessel features a helideck…
E Plug has been named 2015 winner of the Intervention & Coiled Tubing Association (ICoTA) European Chapter’s Innovation Award. Scott Mitchell, Chair of the European Chapter of ICoTA (left), presents the award to Thomas Johansen…
Mexican Secretary of Energy Pedro Joaquín Coldwell presented International Energy Agency (IEA) executive director Fatih Birol with an official letter declaring Mexico’s interest in becoming an IEA member. Image of Birol…
Statoil is saying goodbye to Alaska exploration and has decided to exit its leases in the Chukchi Sea following recent results in nearby leases, in addition to finding the leases no longer competitive. Map of Alaskan leases Statoil is exiting…
Australian regulators have rejected BP's environmental plan for the major's deepwater, four-well drilling plan in the Great Australian Bight. The National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) said…
Primeline Energy Holdings has started drilling operations on the LS30-3-1 well in the East China Sea. Following the plug and abandon operation of LS23-1-1 announced 28 October, Primeline’s contractor, China Oilfield Service Ltd. (COSL)…
Geocsience firm TGS is to cut staffing by a further 130, or 16%, after continuing to review its cost base amid the ongoing weak market conditions. Image from TGS. The firm says…
NEL, the UK-based flow measurement research and development specialist, has launched a joint industry project (JIP) to meet an urgent industry requirement to address the challenges of accurately measuring highly viscous, multiphase flows…
Ben Lake, of Weatherford, discusses how rigorous testing and validation are essential for ensuring safety valve reliability and performance. As the last line of defense in protecting life, property, and the environment, subsurface safety…
EDP Renewables (EDPR), Mitsubishi (through its subsidiary Diamond Generating Europe), Chiyoda (through its subsidiary Chiyoda Generating Europe), Engie and Repsol entered into an agreement to implement a floating offshore wind farm off the coast of Northern Portugal…