For the offshore floating rig market, the downturn presented the perfect storm: too many rigs, not enough demand, and with some 200 newbuilds set to enter the market over the next decade. Audrey Leon reports. The Maersk Developer…
René Larsen, of Inspection and maintenance software specialists SafeEx, discusses how Ex inspection software was deployed on a gas compression jackup rig destined for the Cantarell field offshore Mexico. Data collection…
Gregory Hale discusses how managed pressure drilling helps to eliminate the guess work. Automated managed pressure drilling is the future of conventional drilling. Photos from Weatherford. Realizing…
Following a period of competitive tender, industrial services company Bilfinger Salamis UK has been awarded a contract for the provision of fabric maintenance and associated services by Maersk Oil North Sea (Maersk Oil). Image…
Primeline Energy’s LS23-1-1 well showed little potential for commercial production, offshore China. The company will now continue with the exploration drilling program for the LS30-3-1. Image from Primeline…
US supermajor Chevron announced in its Q3 results that it expects to make further workforce reductions in the realm of 6000-7000 in an effort to cut costs. The company’s earnings this quarter were better than anticipated, according to analysts Simmons & Co…
Houston-based ConocoPhillips has made the strategic decision to drop out of its deepwater exploration program by 2017, despite a significant program that the company is executing in 2016. Ekofisk…
A UK Government funded project to acquire new seismic data over underexplored areas of the North Sea in a bid to boost exploration in the basin has completed. The £20 million program saw WesternGeco acquire 20,000km of new 2D seismic shot over 200…
Germany's RWE Innogy has signed up three new project partners for Galloper Wind Farm, enabling construction on the project to start offshore England next month. The 366MW Galloper project is to be funded by the UK Green Investment Bank (GIB)…
Chemicals company INEOS has increased acquired the 25% interest in the Clipper South gas field, further increasing its ownership in North Sea fields. INEOS had announced earlier this month its acquisition of a portfolio of natural gas assets…
KBR has been awarded a detailed design engineering and follow-on services contract by SMOE, Singapore, for the topsides facilities for Maersk Oil's HPHT UK North Sea Culzean project. Specifically, KBR will deliver the living quarters…
GE Oil & Gas has agreed to acquire Norway's Advantec, a provider of subsea intervention equipment and services, to boost the company’s capabilities to offer cost-efficient products and services. Image from Advantec…
Centrica signed a string of partnership agreements with three suppliers - Subsea 7, Aibel and DNV GL. The firm says it is looking to create a strategic partner alliance (SPA) model covering all phases of project execution, with duration…
Pacific Drilling announced that it has exercised its right to rescind the construction contract for ultra-deepwater drillship Pacific Zonda due to the failure by Samsung Heavy Industries (SHI) to timely deliver a vessel that substantially…
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…
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