The oil and gas industry needs to focus on cost and competitiveness to thrive in the current low-oil-price environment, says Australian Petroleum Production & Exploration Association (APPEA) Chairman Martin Ferguson. His comments were echoed by Roy Krzywosinski…
Statoil launched its own investigation following a condensate leak on the Gudrun platform in February 2015 and found it to be of the highest degree of seriousness that could have been fatal. Gudrun…
US-based Verisk Analytics completed the US$2.8 billion (£1.85 billion) acquisition of UK-based Wood Mackenzie (WoodMac), the data analytics and commercial intelligence company for the energy, chemicals, metals and mining verticals. “We’re pleased to have completed the acquisition of WoodMac…
Norwegian authorities granted Shell Norske permission to operate the Draugen field for a short period beyond its expected lifetime. But, the Petroleum Safety Authority (PSA) was not able to give consent for Shell to use the Draugen facilities beyond 2024…
Swedish marine energy company Minesto has been awarded a US$14.4 million (€13 million) investment from the European Regional Development Fund (ERDF) through the Welsh government to roll out its Deep Green tidal power plant. Deep Green…
Talisman Energy's Snømus exploration well in the Norwegian sector of the North Sea has been classified as dry. The 15/12-24 S Snømus well - the first exploration well on production license 672 - was drilled in 86m water depth using…
Statoil's Norwegian Sea Bister well found no oil, partner Faroe Petroleum reports. Drilling on Bister, in production license 348/C, near the 2013 Snilehorn discovery, reached target depth and intersected good quality reservoirs, but no hydrocarbons were found…
Houston-headquartered drilling contractor Hercules Offshore sold four jackups that had been previously cold stacked since 2009. Despite the sale, 11 rigs in the company’s fleet remained cold stacked, five were added to that list this year alone…
The US Senate Energy and Natural Resources Committee held a hearing regarding US Senator Bill Cassidy’s legislation S. 1276, the Offshore Energy and Jobs Act of 2015, to expand offshore energy production by opening parts of the Outer Continental…
Dynamic Industries International received authorization to begin work in Angola. The scope of work includes the fabrication of piping spools for a client’s produced water upgrade project. Roger Westerlind, executive VP and chief…
Danish entrepreneurs are taking on the rig tool market. Emma Gordon explains. Rigtool’s bottomhole assembly wash tool. Images from Rigtools. When Rigtools was set up five years ago…
Viking Life-Saving Equipment is taking PPE to the limit. Meg Chesshyre explains. Viking’s polar liferaft is ready for use—even at -58°F. Photos from Viking Life-Saving Equipment Arctic…
Exploration in deeper waters is driving technology development, not least in subsea inspection. Meg Chesshyre reports. Diver-based pipeline scanning. Images from FORCE Technology. Denmark’s FORCE Technology…
Pipehandling can be costly if it goes wrong. e-l-m Kragelund is ready to take its pipehandling solution to the global market place. e-l-m Kragelund’s 2LS system. Image from e-l-m Kragelund. An…
DONG Energy has taken on the offshore wind market—and it is winning. Elaine Maslin explains. A2SEA’s new wind farm installation vessel, the Sea Installer. Images from DONG Energy. In a short period of time…
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