The Norwegian Oil and Gas Association has offered a glimmer of hope for contractors and suppliers on the Norwegian Continental Shelf (NCS), suggesting investment is set to rise 'substantially' in 2018 and 2019. The trade body said investment…
Sembcorp Marine has won a contract to design and build a new floating, storage and offloading (FSO) vessel for Maersk's Culzean development in the North Sea. The vessel, to be built under a contract with MODEC Offshore Production Systems (Singapore)…
Technology transformation is happening at an increasingly fast pace, changing the way global companies operate, shaping innovations that drive down operational costs and creating efficiencies. In the oil and gas sector, never more is such innovation needed…
Claxton Engineering Services, an Acteon company, has formed a collaborative alliance with energy services firm LR Senergy to provide clients with an offshore rig-based decommissioning service. The new alliance builds on a long-established relationship between the two companies…
The US Department of Justice (DOJ) has cleared the proposed multi-billion dollar merger between Schlumberger and Cameron International without any conditions, both companies announced in a joint statement on Wednesday (18 November). The…
Cumulative offshore wind capacity is forecast to reach 74GW, driven by a large number of developments taking place in the UK, Germany and China and strengthened by the growth of new entrants to the offshore wind sector, such as France and the US…
Houston-headquartered Apache Corporation has claimed it has increased its North Sea reserves by some four to seven times since the end of 2014. In a trading update highlighting the performance of its North Sea business, focusing on the Forties and Beryls assets…
The Aberdeen, Highlands & Islands branch of the Energy Institute (EI) is hosting its annual MSc Student Best Paper competition for postgraduate students in Aberdeen later this month, with support from OE (Offshore Engineer). The event…
The UK's Department of Energy and Climate Change (DECC) has set out a strategy to maximize the economic recovery of offshore oil and gas in the UK. The legally-binding strategy aims to get more value from the North Sea through better…
Fugro has been awarded a five-year contract for the provision of underwater services to Total E&P UK (TEP UK). Under the contract, which runs from July 2015 and includes extension options for a further two years, Fugro is providing a…
Forecast total oil and gas infrastructure decommissioning spending on the UK Continental Shelf (UKCS) will reach £16.9 billion over the next decade, according to new industry estimates. The latest figure, for the period to 2024, is an increase of £2…
The plummeting oil price has exerted huge financial pressures on the oil industry, forcing companies to identify areas where costs can be cut and savings made. The battle to shore up finances and compensate for the loss of revenue means the…
In this video, Visuray shows its VR90 tool, which uses X-ray technology to visualize in detail downhole hardware and borehole objects. The improved visibility allows oil companies to plan well interventions that address these issues precisely and efficiently…
Visuray announced a first commercial application of their X-ray wireline technology for downhole imaging in wells filled with opaque fluid. In a well, managed by TAQA Energy in Holland, Visuray’s VR90 tool successfully imaged the top of a coiled tubing disconnect with millimeter accuracy…
Image from Aker Solutions Aker Solutions and MAN Diesel & Turbo agreed to form an alliance to develop the next generation in subsea compression systems that can be used at even the smallest…
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