UK Chancellor George Osborne has announced a package of measures to support the North Sea oil and gas industry, which he said was in “pressing danger” from low oil prices. Presenting the UK’s 2015 Budget, Osborne (pictured) said: “It’s…
Mubadala Petroleum signed an agreement with Morocco’s Office National des Hydrocarbures et des Mines (ONHYM) to carry out an evaluation of the hydrocarbon potential of a large area offshore Morocco’s Mediterranean coast. Signing of contract…
CGG GeoSoftware acquired the rights to the VelPro velocity modeling and depth conversion product from In-Depth Solutions LLC. VelPro offers a faster and more complete velocity model building workflow to achieve more accurate seismic reservoir characterization…
Chevron’s Big Foot platform is on its way to the Walker Ridge area, offshore deepwater Gulf of Mexico. Big Foot. From Chevron. Walker Ridge is located approximately 360km south of New Orleans…
UTEC awarded Sonardyne International Ltd. a multi-million dollar contract to supply Fusion 6G acoustic positioning technology for the Total-operated Moho Nord subsea project, offshore West Africa. Technip’s rigid pipe S-lay and heavy-lift construction vessel…
Schlumberger launched TeleScope ICE ultrahigh-temperature measurements-while-drilling service and PowerDrive ICE ultrahigh-temperature rotary steerable system (RSS). The ultraHT-rated electronics in the…
Dana Petroleum awarded Balmoral Offshore Engineering a contract to design and manufacture key components for a pioneering mooring system to be used on its Western Isles project in the challenging northern sector of the North Sea. Image…
Cooper Software says that mid-sized exploration and production companies could see immediate benefits by embracing cloud-based business management and reporting software for the digital oilfield. Frank Cooper…
A new technology research program aimed at developing propulsion products specifically for operating in arctic conditions has been implemented with Wärtsilä and VTT, the Technical Research Centre of Finland, as the main contributors. The…
eInfochips’ seismic imaging solution software achieved a 25x performance gain on a GPU-accelerated system, compared to a standard CPU-based system. The company says that this solution for Kirchoff seismic imaging algorithms will provide…
Luxembourg headquartered Neo Oiltools launched its downhole torque management tool, NeoTork. NeoTork automatically manages torque generated from the drill bit and mitigates axial and torsional vibrations. The system has been…
J2 Subsea launched an Xbox 360 wireless controller for a field-proven intelligent valve pack (iVP). The software and controller were developed by J2 with Fathom Systems, which provides engineering solutions and products to the underwater engineering industry…
Statoil is expanding its presence offshore Indonesia with a new awarded exploration license in which the company will operate and own 100%. The new license, the Aru Trough I, covers an area of about 8300sq km and is located near Statoil’s…
First production has started from the BG Group-operated Knarr field in the Norwegian sector of the North Sea. Knarr, discovered in 2008, with estimated gross recoverable reserves around 80 MMboe, is being produced from two subsea templates…
Norway's Statoil and its partners on production license 218 in the Norwegian Sea have made a gas discovery close to the Aasta Hansteen development. The Snefrid Nord discovery, estimated to contain 31-57 MMboe, will increase the Aasta…
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