CGG GeoSoftware has released VelPro, a velocity modeling and depth conversion software used to integrate seismic and well velocity information, horizons, faults and well tops into data-driven velocity models. VelPro models complement…
China National Offshore Oil Corp. (CNOOC) has started production at its Panyu 11-5 field in the South China Sea. Panyu is loctated in the Pearl River Mouth basin in 110m water depth. While there is currently one well producing approximately 3270 b/d…
Interocean Marine Services have been awarded a five-year contract by Maersk Oil North Sea UK for the provision of rig move and marine technical support services. The work will be managed by Interocean’s head office in Aberdeen, and will…
Petrobras has exercised an option to extend the fixed term of the lease contract for the floating production, storage and offloading (FPSO) vessel the BW Pioneer from Q1 2017 to Q1 2020. The FPSO BW Pioneer started work on the Cascade…
Aberdeen-based upstream consultancy Add Energy has agreed to a new, global maintenance integrity and asset performance management agreement with Shell. The contract, valued at approximately £3 million (US$4.3 million), will secure jobs for more than nine people over the next three years…
Wood Group has been awarded four subsea contracts with Statoil on the Norwegian continental shelf (NCS). The latest award is a study to deliver subsea field concept engineering for the Snorre expansion project. This project will focus…
Dutch firms Frames Group and Royal IHC have signed a joint development agreement to collaborate on the development of a compact subsea separator module. Royal IHC has experience in the design and supply of various subsea structures, equipment and modules…
Apache is moving ahead with its Callater development in the Beryl area despite spending cut backs in its North Sea business. The firm has awarded Subsea 7 an engineering, procurement, installation and commissioning (EPIC) contract as part of its Callater field development…
Scanning the newspapers, social media and analyst coverage this year, there is consensus that a recovery in oil prices is coming, as a function of a reduction in over-supply, and that we should expect upward movement in prices later this year…
ABS, a leading provider of classification and technical services to the global marine and offshore industries, has published two documents to help industry with condition monitoring. The new ABS Guidance Notes on Condition Monitoring…
The Cross Group has won a contract to assist in pulling five flexible flowlines and an umbilical, with a maximum expected load of 44-tonne, onto a jacketed platform. The work will be performed using one of Cross Group’s Hepburn 83-MPE…
Saipem has signed a memorandum of understanding (MOU) with DESFA, the national natural gas system operator in Greece, for cooperation on onshore and offshore gas projects within the Balkans and Eastern Mediterranean regions. Saipem and…
CGG GeoSoftware has released VelPro 9.5, a velocity modeling and depth conversion commercial software technology used by interpreters and velocity modeling experts to integrate seismic and well velocity information, horizons, faults, and well tops into velocity models…
Oil services giant Schlumberger has laid off 2000 employees as the company reports one of its steepest revenue declines since the downturn began, citing global activity decline and disruption that has reached unprecedented levels. Image…
Sandvik will offers weld-free coiled tubing in lengths exceeding 1000m. The first 1010m coiled tube reel is to be symbolically delivered on 10 October 2016 for a demanding offshore oil and gas customer. To meet a growing need for coiled tubing in very long lengths…
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