ConocoPhillips is vastly reducing its 2016 capital budget by 55% to US$7.7 billion, compared to two years ago, that the Houston-based company says is due to the current environment, which remains challenging with low and volatile prices. Ekofisk area…
Chevron is planning a 24% reduction in its 2016 capital and exploratory investment program to US$26.6 billion, compared to 2015’s $35 billion. Chevron's Big Foot in the GoM. Image from Chevron…
Noble Energy revealed a 15,000 boe/d increase in its Q4 2015 sales volumes for both offshore and onshore fields to an estimated 405,000-415,000 boe/d. Map of Noble's Gulf of Mexico assets. Image from Noble…
Amplus Energy Services, a floating production solutions firm headquartered in Aberdeen’s Grandholm area, has struck a deal with Technip in the UK to work together to develop untapped oil reserves in marginal fields in the North Sea. With…
Offshore Technical Compliance (OTC) in partnership with Hecate Software has announced the introduction of Greenlight, a digital pressure testing software suite which provides reliable pressure analysis and compliance oversight. Greenlight uses proprietary algorithms to conduct…
Gregory Hale discusses how operators can get more out of their current assets, and add more to the bottom line. All images from Honeywell. Systems on a platform floating in the…
Using steam to help increase oil recovery, particularly from heavy oil, is a well tried and tested technology, but not quite so offshore. Elaine Maslin looks at a bid to change that. Images from The Steam Oil Production Co…
When OE turned 10 in 1985, we invited the leading figures in the offshore industry to reflect on highlights from the previous decade. Now that we’re older and wiser, we decided to yet again reach out to some familiar faces to not only reflect on the past…
Due to an electric fault in the high voltage drive motor for one of the gas export compressors, the Alvheim FPSO will be running at reduced production for a period of approximately four weeks while the motor is being replaced. Currently…
Reusing wells on the Norwegian shelf can be good business. This is why the Norwegian Petroleum Directorate (NPD) is skeptical of the proposal to plug wells as a measure to keep drilling rigs in activity. As resource steward, the NPD wants…
The Department of Mineral Fuels (DMF), the government agency responsible for Thailand’s upstream petroleum industry, granted approval to KrisEnergy for the production area application (PAA) for for an area containing the Rossukon oil discovery in the Gulf of Thailand…
Paradigm released Paradigm Geolog 7.4, the latest version of its Geolog formation evaluation software suite. Geolog 7.4 offers engineering functionalities that expand the product's reach into additional phases of the production cycle…
Claxton Engineering Services, an Acteon company, has formed a collaborative alliance with energy services firm LR Senergy to provide clients with an offshore rig-based decommissioning service. The new alliance builds on a long-established relationship between the two companies…
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…
Mitsui has reached an agreement with Santos concerning the acquisition of Santos' 35% working interest in the Kipper gas and condensate field offshore Southern Australia. The sales and purchase agreement was signed on 6 November 2015 between…