Reelwell, with Odfjell Technology as strategic partner, has secured a multi-year contract with Vår Energi for the provision of its DualLink-powered digital drill pipe technology.As part of the agreement, Reelwell’s DualLink technology will be deployed offshore on the Norwegian Continental Shelf (NCS) for the first time.The initial contract covers operations on the COSLPioneer rig for one year, with the option of four additional one-year extensions…
Kongsberg Maritime has launched the K-Sim Offshore DP3 Anchor Handling Simulator, designed for training for complex offshore operations.With an investment of over $322,000, the innovative training solution is designed to elevate competency standards…
Well construction and intervention solutions company Reelwell has secured a strategic equity investment by drilling and well services provider Odfjell Technology, which will buy 10% stake for $3.8 million.The investment from Odfjell Technology…
Oilfield services provider Expro has entered into a definitive agreement to acquire well integrity and production optimization company Coretrax from an investment group led by Buckthorn Partners for $210 million.Subject to customary closing conditions and working capital adjustments…
Carbon dioxide emissions from U.S. liquefied natural gas facilities have jumped to 18 million tons per year, up 81% since 2019, adding a volume of greenhouse gas to the atmosphere equivalent to that produced by several big coal plants, according to United States government data…
Oceaneering's Brazilian subsidiary, Marine Production Systems do Brasil, has secured a five-year contract from the Brazilian oil company Petrobras for the operation of three existing drill pipe riser (“DPR”) systems to support intervention and completion operations in Brazil…
Norway-based Optime Subsea said Friday it had successfully tested and qualified a high-speed wireless communication system for the completion of subsea wells. 'The wireless communication system, part of Optime Subsea’s Remotely Operated Controls Systems (ROCS)…
Norwegian offshore services company Aker Solutions has won a contract with the oil and gas company Equinor to deliver the first Submersible Wireless Installer for Tubing (SWIFT™) for 18 tubing hanger installations on the Johan Castberg field…
Norwegian oil giant Equinor has, on behalf of several licenses in Norway, awarded contracts for the use of Transocean's offshore drilling rigs Transocean Encourage and Transocean Enabler.Transocean Encourage semi-submersible drilling rig will mainly be used in the Norwegian Sea…
Offshore well construction and production technology company Reelwell has signed a five-year frame agreement with the Norwegian oil firm Equinor to provide DualLink Powered and Wired drill pipe, ahead of installing and operating the system at Equinor's Oseberg field…
Oilfield services firm Archer said Wednesday it had secured a Drill Pipe Pool Services contract in Norway worth NOK 2 billion (around $200 million).Services to be delivered under the contract, with an undisclosed client, include management, handling…
Aberdeen-based oil and gas technology company, Deep Casing Tools (DCT), has secured new investment of £1.6 million from Scottish Enterprise and its long-term backer, EV Private Equity.DCT said the investment would help its build 'on its global success of the last two years…
The number of drilled oil and gas wells this year is expected to reach about 55,350 this year, the lowest since at least the beginning of the century, Norwegian energy industry intelligence firm Rystad Energy said. The demand for drilling equipment is also down…
U.S. oilfield equipment supplier National Oilwell Varco on Friday called the coronavirus a 'wildcard' in the oil industry's outlook, with an extended outbreak potentially hurting access to Chinese-make materials and foreign sales.The Houston…
Austrian oil and gas company OMV has reportedly accidentally cut its drill pipe during drilling rig tests offshore New Zealand.The local news website Otago Daily Times on Wednesday reported that the drill pipe cutting incident happened in January…
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