Schlumberger has introduced the Lift IQ production life cycle management service, which offers monitoring, diagnostics and optimization of artificial lift systems in real time. This new service securely collects, transmits, evaluates and…
Eni's Goliat reserves are set to increase by 1.2 MMcm or 7.5 MMbbl, following the approval to tie in the Snadd discovery in the Barents Sea, according to the Norwegian Petroleum Directorate (NPD). Two wells will be drilled from Goliat…
Aker BP has approved the redevelopment of Tambar in the southern North Sea that is expected to extend the production period by some 10 years. Image of Ula, from Aker BP. The plan consists of two additional wells and gas lift…
Petsec Energy is estimating first production at its Hummer oil and gas field in late Q3 2017. The company provided an update on the development of field, which extends over Main Pass Blocks 270, 273 and 274, in the Gulf of Mexico, offshore Louisiana…
Petrobras' Board of Directors approved the reelection of CEO Pedro Pullen Parente for a two-year term in the company’s executive office. Parente had been elected CEO as of May 31, 2016, following the term in office of the previous CEO…
International compressor supplier TMC Compressors (TMC) has completed its delivery of a marine compressed air system to BW Offshore’s Catcher floating production, and storage offloading (FPSO) vessel. The system consists of 3 x 185…
The US Gulf of Mexico is leading the way to a leaner and more cost-competitive deepwater industry as it emerges from the downturn, with the most attractive projects now competing with US tight oil plays, according to Wood Mackenzie (WoodMac)…
Senior figures from Mexico’s national oil company Pemex have been discovering the secrets of the UK subsea sector’s success and how it has revolutionized the way in which hydrocarbons have been extracted from beneath the seabed during a fact-finding visit to Aberdeen…
Jacobs Engineering signed a contract with ONEgas to perform engineering services for the decomplexing of its K15-FA platform in the North Sea. The decomplexing process involves transitioning K15-FA to an unmanned platform without gas treatment installations…
ExxonMobil has confirmed a new discovery offshore Guyana at the Snoek well, as the supermajor continues its efforts in the area by drilling the Liza-4 well. Image from Exxon. Exxon encountered more than 82ft (25m) of high-quality…
Petróleo Brasileiro (Petrobras) has canceled its deal with Karoon Gas Australia for a stake sale in the Baúna and Tartaruga Verde oil fields offshore Brazil, however the Brazilian giant will continue its efforts to sell off its interest in the two fields…
Aker Solutions has agreed to acquire oil-services provider Reinertsen for nearly US$25million in a move to build on its position as a leading maintenance and modifications supplier offshore Norway. Image from Aker Solutions…
Allseas’ Pioneering Spirit is in the process of testing new equipment, as the mega vessel readies for the decommissioning of Shell’s Brent Delta in the North Sea later this year. The Pioneering Spirit in pipleay mode…
Africa-focused Impact Oil and Gas farmed out 65% participating interest in a production sharing contract (PSC) and associated joint operating agreement in the AGC Profond block in the offshore joint development zone between Senegal and Guinea-Bissau to CNOOC UK…
Fugro entered a strategic alliance with Ground Structures Engineering Consultants to facilitate training for Guyanese citizens and support local economic development. Image of Charles Ceres from Ground Structures Engineering Consultants…
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