Norwegian offshore engineering company Aker Solutions has launched a new software and digital services company called ix3 that it says will enable operators to accelerate field development projects and optimize asset performance.At the core…
1000 km of the Nord Stream 2 pipeline has now been laid in the Baltic Sea in Finnish, Swedish and German waters.Two Allseas pipelay vessels - Pioneering Spirit and Solitaire - are currently installing the pipeline in Swedish waters.Some twenty…
The Jasmine field, operated by Mubadala Petroleum, is located 200 kilometers south of Bangkok. This field has a sandstone reservoir and is highly complex and compartmentalized. Many good sands have a thickness of about 30 feet to 40 feet, reservoir pressure is supported by a strong aquifer…
Anadarko Petroleum Corp’s board on Monday backed a US$38 billion bid from Occidental Petroleum Corp, adding pressure on rival Chevron Corp to raise its offer or walk away from the takeover contest.The decision capped a series of moves by Occidental…
Despite a bounce back in exploration activity in 2018, success rates and discovered volumes have dropped, according to a report by UK-based analysts Weestwood Global Energy Group. Westwood’s 10th annual State of Exploration report reviews global…
Before Occidental Petroleum Corp clinched a deal on Thursday to buy Anadarko Petroleum Corp for $38 billion, it pursued its U.S. oil and gas exploration and production rival for nearly two years, culminating in the sector's most high-profile public contest since the 1980s…
Equipment that will be used to monitor the interaction between tidal turbines and marine mammals in the Pentland Firth has been put to the test in Aberdeen.The linear actuators that underwent hydrostatic testing at the Balmoral Subsea Test Center…
An industry-first partnership aims to enable better, more reliable connectivity on board offshore drilling rigs, marking a key step for the implementation of new and expanded digital services.Oceaneering International and Pacific Drilling announced…
A seismic survey segment which has seen its fortunes slashed heavily since 2015 and which isn’t expected to recover fully for at least another five years is starting to make waves as it navigates a still bumpy road marked by green shoots.First to feel the pinch when exploration slows…
Norwegian oil and gas company Equinor announced on Thursday it will shut down production at its ageing Statfjord A platform in the North Sea, marking the end of the line for one of the oldest platforms on the Norwegian continental shelf.The platform…
Aberdeen-headquartered drilling and engineering contractor KCA Deutag confirmed Wednesday that it has been awarded an extension to its existing contract with CNOOC for the Scott platform, which it operates in the UK North Sea.The contract extension…
It’s been a tough market for heavy lift vessel operators – but that’s not stopping them renewing and reinventing their fleets.The offshore installation market has been tough, especially for those with installation vessels – resource and cash intensive assets…
Halliburton Co said on Monday a pricing downturn that has plagued the oilfield services sector was bottoming out, as it reported modestly higher activity levels in North America in the first quarter from a year earlier.Oilfield services providers…
For years, “maintenance and modifications” were catchwords for nearly everything that wasn’t greenfield activity offshore. Two economic slowdowns later, subsea “M&M” might be seen as inspection, maintenance and repair (IMR), a segment that includes light well intervention…
Oceaneering International announced Monday that it has taken delivery of a newbuild subsea construction support vessel, Ocean Evolution, built by BAE Systems in the US.The US-flagged, Jones Act-compliant multi-service vessel (MSV) has completed sea trials and received all necessary ABS and U…
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