Renewable energy sources are set to radically reshape global energy markets, says Wood Mackenzie (WoodMac). For the majors, this poses a threat to legacy oil and gas operations, but is also an opportunity to diversify and future-proof portfolios…
Compared to the automotive and aerospace industries, the oil and gas sector has been slow in its uptake of optimization through analysis in the early design phase. It should be viewed as a fundamental requirement for the successful design of all offshore risers and conductors for instance…
Odfjell Drilling signed a contract with Wellesley Petroleum for one firm exploration well, plus an optional well testing and sidetrack, on the Norwegian Continental Shelf (NCS) using Odfjell Drilling's Deepsea Bergen semisubmersible. Drilling…
TAQA Bratani has awarded Odfjell Drilling a contract for platform drilling and maintenance services on five of its platforms in the UK North Sea. The contract period is two years, with additional yearly options. The contract is planned to start Q3 2017…
Wood Group has been awarded two new contracts by Statoil to deliver concept and feasibility studies to their Norwegian North Sea assets. Wood Group will deliver a topside concept study evaluating the tie in of Total’s Garantiana field development to Statoil’s Gullfaks B and Visund facilities…
Three workers have now been killed following an explosion offshore Brazil. On Friday (9 June), Petrobras had reported that one person had died and three were injured as a result of an explosion aboard the NS-32 (Norbe VIII) drillship. NS…
Shearwater GeoServices Norway received a letter of award (LOA) from Wintershall Norge for a 3D survey of Blocks PL 768/768B in the Barents Sea. The Polar Empress, from GC Rieber. The…
Pemex plans to accelerate its farm-out strategy in a move to increase production, and gain access to the latest technology, the company’s CEO José Antonio González Anaya said at the Mexican Petroleum Congress 2017 yesterday (8 June). González…
Renewable energy development, including technologies which extract energy from the ocean need to be funded and accelerated to meet carbon reduction targets. Engineers and scientists in Scotland and Aberdeen are ideally positioned to help governments do so…
Sercel’s multi-sensor solid streamer, the Sentinel MS, has been commercially deployed for the first time and is being operated on a large 3D CGG multi-client survey being conducted by the CGG Geo Coral in the Southern Porcupine Basin in Ireland…
Image of the Skandi Singapore, from DOF. DOF Subsea has been awarded contracts for three vessels that will operate in the Asia Pacific and Atlantic regions. In the Asia Pacific…
Norwegian oil firm Statoil is set to take over BP's mantle in Australia's Great Australian Bight after agreeing a swap deal with the oil major. BP dropped its plans for drilling two deepwater wells in the area after a tussle with Australia's…
Bissau Exploration Co. (BEC) has signed a joint venture participation agreement between themselves and state oil firm A Empresa Nacional de Pesquisa e Exploracao Petroliferas (Petroguin) for petroleum exploration, development and production in the area of Block 4B…
BP’s corporate investing arm BP Ventures has awarded US$20 million in Series B funding to artificial intelligence (AI) and cognitive computing firm Beyond Limits to adapt and deliver industrial-grade AI software, used in deep space exploration…
Xcite Energy Ltd.’s (XEL) assets could have a new owner by month’s end, according to the firm handling XEL’s liquidation. In a 7 June letter, FTI Consulting said talks with one potential buyer to dispose of shares that XEL holds in Xcite Energy Resources are now in an advanced stage…
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