ExxonMobil is moving quickly to spud a well at its Liza discovery, offshore Guyana, in addition to several major projects that are set for start-up in the next two years. Image from Exxon. Exxon…
HAWXEYE, developed by Xodus engineers as an alternative to spreadsheets, is a cloud-based web app geared to screen assets for vibration, erosion and corrosion related issues. Complex data from monitors and piping and instrumentation…
Lundin Petroleum secured up to US$5 billion in a seven-year deal to fund the company’s stake in Statoil’s giant Johan Sverdrup project, offshore Norway. Johan Sverdrup rendering. Image from Lundin Facebook…
Ashtead Technology is outlining a new approach to the installation and integrity management of subsea systems to reduce risk and cost in subsea operations at this week's Subsea Expo in Aberdeen. The firm has developed a suite of integrated…
Anadarko Petroleum posted a full year net loss of nearly US$7 billion, with the anticipation of cutting its initial 2016 budget by some 50%. Mozambique operations. Image from Anadarko. For Q4…
A new set of standards for the design and operation of tidal turbines has been published based on the outputs of a project in the Energy Technologies Institute’s (ETI) marine technology program. The new certification standards will apply…
GE Oil & Gas has launched a subsea boosting joint industry project, among other new initiatives, at its annual meeting in Florence today. The subsea boosting JIP aims to develop a new and simplified subsea boosting system that has the…
BP has reported a 91% drop in Q4 2015 earnings, revealing the impact of the lowest oil prices in more than a decade on the business, and says oil prices look set to 'continue to be challenging in the near term.' The firm's full year underlying profit was a loss of $5…
Songa Offshore is planning to cut up to 200 staff and shut its offices in Aberdeen and South Korea, the firm announced yesterday. The company said the US$30 million-saving move, which will see support functions centralized out of Norway…
The Scottish government has pledged £24.5 million in support for the North Sea oil and gas industry in Scotland. The funding, unveiled by First Minister Nicola Sturgeon, comprising £12.5 million to help oil and gas firms research and…
Europe's biggest subsea-focused industry event kicks off tomorrow. Of course the oil price and low levels of activity in the industry will be on everyone's minds. OE, principal media sponsor for Subsea Expo, spoke to Neil Gordon, CEO of conference organizer Subsea UK…
Falling production efficiency has become a thorn in the side of the UK North Sea oil and gas industry. Is the industry getting to grips with its efficiency issues and, some ask, is it really that bad? Elaine Maslin reports. According…
Despite slower than anticipated demand for well intervention services, service firms are ploughing ahead with new designs and solutions to help operators get more out of their wells. Elaine Maslin highlights some of the activity in the market…
CNOOC says the Weizhou 12-2 oilfield joint development project (Weizhou 12-2) and Weizhou 11-4 North oilfield Phase II project (Weizhou 11-4 North) have recently started production. The Weizhou 12-2 project is in the Beibu Gulf basin…
Norway’s E Plug was been named 2015 winner of the Intervention & Coiled Tubing Association (ICoTA) European Chapter’s Innovation Award, presented during the SPE ICoTA European Well Intervention Conference in Aberdeen late 2015. Scott Mitchell…
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