The offshore industry is going through an unprecedented digital disruption that transcends asset classes and is creating a roadmap to safer and more cost-effective operations.The current face of that transition is the ‘digital twin’, a virtual replica of physical assets…
The American Petroleum Institute (API) published three new integrity management (IM) standards for operating offshore floating production platforms, including facilities designed to produce natural gas and oil, and export liquefied natural gas (LNG)…
One of the world's largest oil and gas companies is using advanced technology originally designed for use on Mars to remotely monitor methane emissions from its offshore assets in the North Sea.A pilot project being run by UK supermajor BP,…
Subsea services provider DOF Subsea has equipped a further three of its Brazilian offshore vessel fleet with hybrid acoustic and inertial navigation technology from Sonardyne Brasil Ltda.Sonardyne’s SPRINT-Nav all-in-one subsea navigation instruments…
Brazil auctioned off the exploration rights to 33 minor onshore and offshore oil and gas blocks on Tuesday, in what authorities framed as a bid to boost the industry outside of the nation's core, offshore pre-salt play.At an event in downtown Rio de Janeiro…
Well testing and water treatment company Production Technology and Services, Inc. (PTS) said US offshore safety regulator Bureau of Safety and Environmental Enforcement (BSEE) has issued a letter to HWCG deeming the PTS-supplied temporary processing…
The head of Russia's Rosnedra subsoil agency said on Tuesday that the development of the Pobeda (Victory) offshore Arctic oilfield in the Kara Sea is feasible only at oil prices of $130 to $140 per barrel, Interfax news agency reported.Rosneft…
Networking solutions provider RigNet said it has secures a multi-year agreement with Galoc Production Company (GPC) to deploy its machine learning-based analytics platform on board the floating production storage and offloading (FPSO) vessel Rubicon Intrepid…
Offshore services company Subsea 7 announced that Jean Cahuzac will retire from his position as CEO at the end of this year, and will be succeeded from January 1, 2020 by John Evans, who is currently COO.Cahuzac has been in the industry for 41 years and CEO for Subsea 7 since 2008…
Shearwater GeoServices announced on Tuesday it has been awarded a master services agreement by Lundin Norway, and new Isometrix seismic acquisition projects for Lundin and Spirit Energy Norway in the Barents Sea, off the coast of Norway.Both…
Australian oil and gas producer Woodside is seeking to reduce its stakes in the Scarborough gas field at home and in Canada's Kitimat liquefied natural gas (LNG) project to cut its capital exposure, its chief executive told Reuters on Tuesday…
Siemens plans to list its energy unit by around September next year, the head of its gas and power division said on Tuesday.The German conglomerate said in May that it was spinning off its gas and power business, which has dragged on the German…
The reaction of the gut is unease to news reports ExxonMobil might be selling $4 billion in offshore assets to Norway’s Vår Energi (the former Eni Norge) and pulling out of the North Sea.More operator and supermajor consolidation away from an oil province sounds all bad…
France-based Vallourec said it has been awarded a contract by Abu Dhabi National Oil Company (ADNOC) for the supply of tubing and casing, over a five year period, with a possible two-year extension, for an amount of $900 million.The award, which…
Shearwater GeoServices said it has been awarded a seismic acquisition and depth processing contract by Türkiye Petrolleri Anonim Ortaklığı (TPAO) – its second project to be executed for TPAO in 2019.The four-month project will start in third…
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