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OTC16: Craig launches surplus stock exchange

May 03, 2016

UK-based procurement services firm Craig International has launched, at OTC, a new platform to help oil and gas companies offload surplus stock and buy other products and equipment they need at competitive prices. Craig Collaboration…

OTC16: Expro outlines GOM P&A activity for Apache

May 03, 2016

UK-based oilfield services firm Expro has completed an ultra-deep water plug and abandonment (P&A) project on in the Gulf of Mexico (GoM) for Apache. The work comprised the pre-abandonment and plugging of wells in the ultra-deep water Atwater Valley and Mississippi Canyon areas…

Funding awarded for Rockall exploration

May 03, 2016

The University of Aberdeen is to get a £250,000 grant from the Oil and Gas Authority (OGA) to investigate the potential for hydrocarbon exploration in the Rockall area of the North Atlantic. The funding is part of a package of measures…

Oil & Gas UK restructures

May 03, 2016

Oil & Gas UK has announced a new organisational structure, following a thorough business review. The revised business model is designed to make sure the leading trade association is in the best shape possible to promote and serve its…

Statoil increases Lundin stake to 20%

May 03, 2016

Lundin Petroleum has agreed to acquire Statoil's 15% stake in the Edvard Grieg field in return for increasing its shareholding in Lundin. The deal, which inccreases Statoil's stake in Lundin from 11.93% to 20.1%, also includes Lundin…

OTC16: Schlumberger launches microfluidic analysis technology

May 03, 2016

Schlumberger launched the Maze microfluidic SARA analysis for reservoir fluids characterization at the 2016 Offshore Technology Conference in Houston. This is the first commercial application of microfluidic analysis technology in the oil and gas industry…

Anadarko hits off Ivory Coast

May 03, 2016

Houston-based Anadarko Petroleum has successfully drilled its first horizontal deepwater well offshore the Ivory Coast. The firm encountered 100ft net of true vertical thickness (TVT) pay on the Paon-5A well using Bolette Dolphin drillship…

TGS, PGS team up off Eastern Canada

May 02, 2016

TGS announces the expansion of its multi-client library offshore Eastern Canada with plans to acquire more than 36,000 km of 2D seismic data, in partnership with PGS, utilizing two vessels during the 2016 acquisition season. The M/V Sanco Spirit and M/V Atlantic Explorer…

Cyberhawk to establish Houston base

May 02, 2016

Cyberhawk Innovations, an aerial inspection and survey provider, is set to establish a Houston office. The new office comes as a result of increasing demand from existing oil and gas customers who recognize the significant cost and time…

Oil & Gas Technology Centre establishes board

May 02, 2016

The development of the new, world-class Oil & Gas Technology Centre (OGTC) in Aberdeen has moved forward with the appointment of the board and recruitment is now underway for a chief executive officer and other senior posts. The project…

OTC16: SLB debuts high-pull wireline conveyance system

May 02, 2016

Schlumberger launched the MaxPull high-pull wireline conveyance system, capable of pulling from 18,000 lbf to 30,000 lbf in wells 40,000ft [12,192m] deep or more. The MaxPull system's engineered integration of wireline conveyance components brings efficiency…

Halliburton, Baker Hughes call off merger

May 02, 2016

Halliburton and Baker Hughes have terminated their proposed US$34.6 billion merger, both companies announced late Sunday, 1 May 2016. According to the terms of the merger proposal, Baker Hughes will receive $3.5 billion for the termination of the agreement…

Learning to be lean in the subsea sector

May 01, 2016

John Bradbury speaks with ExxonMobil’s Marilyn Tears ahead of her presentation at this year’s Underwater Technology Conference in Bergen, Norway. Tears. Marilyn Tears has already…

Are cyber security risks deterring digitalization?

May 01, 2016

With big data also comes big risks to security. DNV GL’s Nada Ahmed discusses how security standards can be raised within the oil and gas industry.   New IT infrastructures and technologies…

A new lease on life

May 01, 2016

Scrap or refurbish and reuse? It’s a question being asked on the UK Continental Shelf. Elaine Maslin reports. Pipe, ready for reuse. Staff photo.  At a recent conference in Aberdeen…

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