New lightweight, modular subsea technologies could reduce not just lead times for equipment delivery but lower the total cost of ownership for the full life of the field.Baker Hughes, a GE company, revealed its thinking on subsea developments during the launch event in Houston earlier this week…
Nigerian opposition candidate Atiku Abubakar will seek to boost investment in the country's oil sector if he becomes president next year, according to a draft copy of his manifesto.He plans to reconsider the introduction of bidding rounds for marginal fields and oil blocks…
Africa's second largest crude producer Angola and France's Total officially inaugurated a new deep-sea oil field worth $16 billion in the Atlantic approximately 260 kilometers from the capital Luanda.The Angolan State Minister for Economic and Social Development…
Gabon plans to scrap a 35 percent corporate tax on energy companies as part of a revised hydrocarbons law and has launched a new offshore oil and gas exploration licensing round for 34 blocks, Oil Minister Pascal Ambouroue said on Wednesday…
Norway-headquartered Aker Solutions has agreed to provide duty holder services for UK firm Marginal Field Development Company (MFDevCo). MFDevCo is targeting marginal field development projects globally, using normally unmanned installations or self installating fixed towers…
Larson & Toubro subsidiary L&T Hydrocarbon Engineering (LTHE) has won an engineering, procurement, construction, installation and commissioning (EPCIC) contract with India's Oil & National Gas Corp. (ONGC) for work in the country's western offshore basin…
Providence Resources has been given consent to farm out stakes in the the Helvick and Dunmore Lease Undertakings (LU), in the North Celtic Sea Basin, and Dunquin South, in Frontier Exploration Licence (FEL) 3/04, in the southern Porcupine Basin offshore Ireland…
The floating production systems (FPS) market has been heavily impacted by the oil price downturn. Orders declined significantly from 17 in 2014 to four in 2015 and zero in 2016. There have been signs of a recovery in 2017, with seven orders booked year to date…
EC-OG has successfully secured support from the Oil & Gas Technology Centre for significant technology FEED work. In conjunction with the Technology Centre, EC-OG is undertaking FEED work for a North Sea field trial focusing on the in place Subsea Power Hub (SPH) design…
The UK North Sea’s extensive pile of marginal fields offer an attractive prize, if they can be economically unlocked. Steve Hamlen reports. UK marginal pools visualized. Image from the Oil & Gas Technology Centre…
After years of turbulence fueled by scandal and debt woes, Brazil and its oil company Petrobras detailed how they intend to get back on the right track. Melissa Sustaita reports. Fernando Coelho Filho…
Keppel Offshore & Marine's (Keppel O&M) wholly-owned subsidiary, Keppel Shipyard, will soon deliver the world's first converted floating liquefaction vessel (FLNGV) owned by Golar Hilli Corp., a subsidiary of Golar LNG Ltd. Hilli Episeyo…
UK regulator Oil & Gas Authority (OGA) today (22 June) unveiled a new strategy to make tight gas drilling in the southern North Sea (SNS) more economically feasible. OGA developed the strategy to encourage greater use of technology and collaboration to unlock remaining reserves…
Two new Calls for Ideas have been launched to identify, support and fund robotics-based solutions to reduce inspection costs, and to unlock marginal resources on UK Continental Shelf (UKCS). Some ca.£1 million in funding is available for each area from the the Aberdeen-based…
Michael Reader-Harris, of NEL, outlines the risk that absent multiphase flow measurement standards pose to industry. Michael Reader-Harris While accurately measuring a complex mixture of oil…
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