The depressed oil price environment is painting a gloomy outlook for North American exploration and production (E&Ps) companies, and further, significant CAPEX cuts are needed in order for the group to demonstrate real financial discipline and align spending more closely with cash flow…
Lloyd’s Register and Aker Solutions have agreed to collaborate under a new global framework agreement to drive efficiency in engineering and subsea oil and gas developments. The contract gives Aker Solutions access to all relevant services from the Lloyd’s Register Group…
Maritime safety equipment and servicing manufacturer VIKING Life-Saving Equipment has received type approval from Lloyd’s Register for its new offshore evacuation chute system, certified to operate at an unprecedented evacuation height of 81m to sea level…
Lloyd’s Register has been awarded a global Master Service Agreement with Statoil Petroleum. The Master Service Agreement (MSA) is for platform technology services and HSE studies is effective from 10 November 2015 and will cover Statoil’s…
A new report reveals that whilst the current environment is creating opportunities for innovation, almost half of oil and gas executives admit they have fallen short of their innovation goals. The number of respondents saying they have fallen…
Retrieving an unreliable blowout preventer (BOP) is a necessary but expensive operation, costing upwards of US$1-2 million dollars. This cost can easily escalate in developing ultra deepwater regions such as Brazil, West Africa and Gulf of Mexico…
Italian giant Eni has sold 12.5% interest in its subsidiary Saipem, to Fondo Strategico Italiano (FSI) in a move that is expected to enhance Eni’s financial flexibility and development. Image from Saipem…
Bestobell Marine, a manufacturer of cryogenic valves, has secured an order for its cryogenic globe and check valves for the second LNG carrier in the Yamal series of vessels being built at DSME shipyard in South Korea. After successfully…
Applying university research to an industry challenge has helped create new solutions for Aberdeen’s Hydrasun. Elaine Maslin reports. Interventor characterization testing at University of Strathclyde…
In today’s Energy industry, characterized by challenge and change, few would dispute the validity of that time-honored advice. Happily, the innovation pipeline is promising, bolstered by growing appetite for collaboration, a sharper focus…
Despite initial hopes of a V-shaped recovery, the UK Continental Shelf is set to see a more gradual recover over time, which will prove to be not only a stress test, but a test of resilience, according to a senior Lloyds Register director…
An aging asset doesn’t mean unmanageable, unprofitable and inoperable. There is still potential to be realized from the UK Continental Shelf (UKCS), despite the challenges of the current climate. In terms of oil alone, it is estimated that there are around 25 billion barrels to be recovered…
At this year’s Offshore Europe, The Lubricant Co. will be hosting ExxonMobil experts to showcase advanced lubrication solutions for the oil and gas industry. Join as experts from both companies give insights into how to improve safety…
Lloyd’s Register Consulting secured a framework agreement in risk assessment and safety studies for Statoil's Johan Sverdrup project on the Norwegian Continental Shelf. Under the agreement, Lloyds Register Consulting will provide risk…
During market downturns, collaboration across industry is critical in order to share best practice Lloyd’s Register Energy has spent this week at the Offshore Technology Conference (OTC) 2015 in Texas challenging oil and gas companies to re-think their approach to safety…
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