Late life production optimization is hard, but interesting, according to those tackling the issue. Elaine Maslin provides an overview of recent trends. As natural production rates wane and assets start to age, optimizing production rates offshore becomes a key challenge for operators…
Offshore oil and gas mega projects are increasing in scale and cost. Some 41% of ExxonMobil’s 2015 capital spending for projects under construction in 2015 is likely to be directed to one project alone. Neda Djahansouzi, Energy Researcher…
With help from experts Infield and Gaffney Cline & Associates, OE compiled a list of the biggest oil and gas discoveries in the last 12 months, and of the last 10 years. The year’s top oil discovery: Gila (Gulf of Mexico) In December 2013…
The global fleets are growing – not least in order to cater for new deep water challenges. Fred Tholen takes a look. Subsea 7’s new heavy construction vessel, under construction in South Korea…
GlobalData analyst Gregory Bosunga takes a look at the ten most challenging pipelay jobs around the world. McDermott subsea construction vessel NO102 installed umbilicals totaling 65mi with other related subsea structures for Jack/St…
Norway’s Kleven Verft delivered the Rem Eir platform supply vessel (PSV) to Remøy Shipping for a Statoil long-term charter contract. The Rem Eir is the world's largest environmentally friendly LNG powered PSV, measuring 92.5m in length and a deck capacity of 1080sq m…
Benchmark Brent crude plunged to a four-year low, below US$73 a barrel, yesterday (27 November) after oil cartel OPEC chose to leave its 30MMbbl/d output target unchanged at its latest meeting in Vienna. The move, led by Saudi Arabia…
Houston-based geosciences company Benthic has been awarded a contract by a subsidiary of Anadarko Petroleum Corporation for a deepwater geotechnical investigation in the Golfinho field offshore Mozambique. Benthic’s PROD (Portable Remotely Operated Drill)…
Newly formed Circle Group has acquired Stavanger WellPartner, an equipment and services company servicing the Norwegian subsea, completion and intervention markets. The deal is Circle Group’s first acquisition and the foundation for the Well Service division…
Dutch consortium Pondera Consult and Arcadis says they have been awarded a contract by TenneT to provide an environmental impact assessment (EIA) for the first offshore grid connection in the Netherlands. TenneT TSO is responsible in…
Offshore systems supplier MacArtney UK has announced the acquisition of Ellon-based Callidus Subsea. The acquisition supports MacArtney UK’s targets to become a market leader in the design and production of cable assemblies and moldings…
Technip has won a lump sum contract with Statoil for the Gullfaks Rimfaksdalen (GRD) marine operations pipelay and subsea installation project. The project is an option to the Snøhvit CO2 Solution project awarded in 2013. The GRD project…
The director general of Norway's Petroleum Safety Authority (PSA) has said the industry's attitude to the impact of costing cutting measures on safety is 'far too passive' and warned that she expects the industry to deal with its economic challenges without affecting safety…
Petróleos Mexicanos (Pemex) installed the CA-Litoral-A production processing and compression platform in the Tsimin-Xux development project in the Bay of Campeche, Gulf of Mexico (GoM). Image from Pemex…
Helix UK awarded Damen Shiprepair Vlissingen, part of Damen Shiprepair & Conversion, a major upgrade on MSV SEAWELL, a light well intervention/dive support vessel. The SEAWELL is expected at the yard second half of December 2014. As the upgrade will be executed over the winter season…