Industries are adapting to an increasingly digitalized landscape. The floating production, storage and offloading (FPSO) industry is no different. As concerted efforts are made to improve project economics Matt Tremblay, ABS Senior Vice President…
Offshore drilling contractor Pacific Drilling can't appeal the ruling under which it was in January ordered to pay $320 million to Samsung Heavy Industry for a 2015 drillship order cancellation.Pacific Drilling had placed the order for the Pacific…
Jaime Sabogal, National Market Segment Manager, Oil and Gas – Hägglunds Products - Bosch Rexroth Corp, discusses lessons learned in hydraulic maintenance.Learn more about the importance of offshore equipment hydraulic maintenance during a free…
Norwegian energy giant Equinor has received approval to drill a wildcat well in the production license 960, in the Barents Sea, off Norway.Equinor will use Seadrill's 2008-built West Hercules semi-submersible drilling rig to drill the offshore well 7018/5-1 at the Spissa prospect…
UK-based, the North Sea and Malaysia focused, oil and gas company EnQuest said Friday it intended to appoint Farina Khan as a Non-Executive Director of the EnQuest Board with effect from November 1, 2020. On joining the Board, Farina Khan will…
Bangladesh is canceling another tender to import liquefied natural gas (LNG) in December, as it received one offer to supply the shipments that were too expensive, a senior energy ministry official said on Friday.The offer from the Asian unit of Vitol to supply 138…
Royal Dutch Shell has hired Ørsted's North America Chief Thomas Brostrom as Senior Vice President for its Global Renewable Solutions department starting next year, a Shell spokesman said on Friday.Shell is cutting around a tenth of its workforce…
Turkey may cooperate with foreign firms to bring online its giant gas find in the Black Sea, made in August this year.As reported by Reuters, the country's energy minister Fatih Donmez said on Thursday that Turkey would operate the gas field…
Oslo-listed FPSO leasing specialist BW Offshore is liquidating its New Zealand subsidiary operating the FPSO Umuroa, stuck in New Zealand for months after the termination of the charter and the liquidation of its client Tamarind Resource. Tamarind…
Australian oil and gas company Karoon Energy said Friday that the Brazilian national oil regulator ANP had approved, with conditions, Karoon's acquisition of the Bauna offshore field from Petrobras.The field is located in shallow waters in the Santos Basin in concession BM-S-40…
Norwegian offshore shipbuilder Ulstein, constructing the Nexans Aurora cable layer for Nexans, has this week said that the installation of Maats cable laying equipment on the vessel has begun.Per Ulstein, Maats’ & Marine Fabricators’ installation team arrived on site on October 14…
Republican President Donald Trump and Democratic challenger Joe Biden clashed over the country's response to climate change in their final presidential debate on Thursday, which included a stark disagreement over the future of the oil industry…
Norwegian energy company Equinor said Friday its CFO Lars Christian Bacher would resign from his position.Bacher has been with Equinor since 1991, holding a number of leadership positions over the years, including as offshore installation manager…
Pipeline repair isn’t a frequent activity but when it is needed it’s a critical activity. New tools are being developed and demonstrated to also make it safer and more efficient, and yet challenges remain, such as higher pressure, deeper water…
Finland’s Rocsole is hoping to provide operators with better, faster insight into their pipelines through a new compact inline sensor and a large dose of data analytics. Its inspection tool uses electrical tomography and digital signal processing…
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