Forewarned is forearmed, an adage that is particularly true when it comes to deepwater drilling. Offshore drillers are increasingly relying on existing and new downhole data technologies to make real-time decisions and keep operations safe.Multi…
Semi-submersible accommodation specialist Prosafe and oil major Shell have agreed on a contract extension for one of Prosafe's units for operations in the UK North Sea.The European offshore accommodation support company said in a press note that it had agreed with Shell to amend the original June 1…
Asset managers leveraging advanced sensor technologies, vast pools of stored and processed data, and real-time analytics are able to foresee—and prevent—costly component failures.A recent report from Lloyd’s Register points out that predictive…
Baker Hughes, a GE company (BHGE), said it has deployed its downhole intelligent wet-mate system, which enables real-time production monitoring and control of the completion system across the entire wellbore in multi-trip completions.Deployed…
Sparrows Group announced on Wednesday it haws been awarded its first contract to deliver deck operations services in the UK Continental Shelf (UKCS) from supermajor BP.The Aberdeen-based equipment and services firm said the contract builds on…
Norwegian flotel player Prosafe said that the utilization of its offshore accommodation rigs reaching the highest level in almost four years.Prosafe lifted fleet utilisation significantly in the second quarter of 2019 was 71.6 per cent (Q2 2018: 45…
Emerson said it has been awarded a five-year contract with BP to provide predictive maintenance and operational support services to ensure safe, optimized production from its Clair Ridge platform and Glen Lyon floating production, storage and offloading (FPSO) vessel…
Oil and gas procurement specialist, Craig International has won a North Sea contract worth around GBP 20 million with BP.The Aberdeen-based oilfield services firm provide third party procurement services including equipment for maintenance…
BP's profit doubled to $12.7 billion in 2018, driven by strong growth in oil and gas output following the acquisition of a large portfolio of U.S. shale assets.The company's debt rose however, and the pace of its share buyback scheme slowed in the last quarter as it completed the $10…
The global engineering company based in Oslo Aker Solutions announced that it will provide engineering services for BP’s Clair South project in the UK North Sea.The pre-FEED (Front End Engineering and Design) contract, which was awarded in September…
Private equity-backed oil firm Chrysaor has hired advisers ahead of talks to buy Chevron's British North Sea oil and gas fields for over $2.5 billion, industry and banking sources said.Chrysaor has signed up investment banks Jefferies and BMO…
Ellon-based rotating equipment services provider Sulzer Wood Limited said it has been awarded a five-year contract extension to provide pump maintenance services for BP operations in the North Sea.The contract, which aims to improve the reliability…
'Little hope of THIS rock ever producing oil,' BP geologist Bill Senior scribbled in 1977 on a note assessing a recent oil discovery in a distant corner of the North Sea.That same rock is today the heart of BP's prized Clair field in the West of Shetland region…
Energy giant BP has taken its first oil from the Clair Ridge mega-project in the U.K. North Sea in a “major milestone” that is the culmination of many years of work.Clair Ridge, the second phase of the development of the Clair Field, 75 kilometers west of Shetland…
Britain's richest man Jim Ratcliffe's oil and gas company Ineos Group Holdings is in exclusive talks with ConocoPhillips to buy North Sea oil and gas fields worth $3 billion from the U.S. energy company.Various news paper reports say that British…
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