Norway already has strong green credentials, with 98% of its electricity coming from renewable energy sources, primarily hydropower. Elaine Maslin looks at initiatives to harness the power of the ocean and to help reduce offshore wind costs…
The UK North Sea has an industry target to cut well completion costs by 50%. Elaine Maslin reports. Looking up through a derrick. Photo from BP. Well construction accounts for…
More than 100 companies and organizations form GCE Subsea: a cluster, representing a near complete cross-section of the subsea life of field supply chain. When coupled with the innovation ecosystem in the region of southwest Norway, it becomes even stronger…
Scott Weeden drills down with NOV’s Hege Kverneland to find out why she is excited about using Big Data to predict component failures before they occur. Kverneland Just how exciting is Big Data…
Although Australia has some of the most progressive fiscal regimes for offshore oil and gas, the country is being short-changed in LNG exports, which is on the verge of further expansion this year. Audrey Raj reports. Shell’s…
Anadarko has its eyes set on Colombia, announcing further drilling plans in the Purple Angel block, and opportunities it has identified through the Esmeralda 3D seismic survey in the area. Map of Gorgon…
US giant ExxonMobil announced it will start five major offshore projects in 2017-2018, in addition to a Q4 2016 earnings of US$3.7 billion, which took a $2 billion impairment charge from its upstream sector. Image from Exxon…
In January of this year, Dutch subsea technology company Seatools completed a research and development (R&D) program on a subsea liquid storage technology. During the program – a continuation of an earlier engineering study performed on behalf…
The NHV Group has been awarded a contract with Ithaca Energy UK (Ithaca) to provide helicopter services in support of their upcoming drilling project at the Harrier Well in Block 30/6. The operations are expected to start Q2 2017. Flights…
Statoil has awarded a subsidiary of Oceaneering International a technology development contract to provide the development, manufacturing, testing, and mobilization of a self-contained, battery-powered work class remotely operated vehicle (E-ROV) system deployed on the seabed of the North Sea…
DOF subsidiary Norskan Offshore has secured three contracts with Brazilian giant Petrobras. The first, is a one plus one year contract for the Skandi Botafogo, which is set to start 15 February. Skandi Botafogo is an anchor handling tug supply vessel…
Lloyd’s Register (LR), a provider of integrity, compliance and specialist risk consulting services, has begun its Subsea Inspection Services to support underwater inspections of subsea pipelines, assets and facilities to energy companies operating offshore…
Seadrill is aiming to raise US$1 billion in new capital for restructuring efforts that CEO Per Wulff says has been more complex than the company had anticipated. The West Tellus, from Seadrill…
NEL, the flow measurement research and development specialist, has been selected to lead the development of a new multiphase flow measurement standard for the oil and gas industry. Despite the growing use of multiphase meters to cope…
Italian giant Eni discovered pay at the first appraisal well of its Merakes discovery offshore Indonesia. Image from Eni. The company successfully drilled and tested the Merakes 2 well…
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