Statoil has exercised an option with Ocean Installer for flexible jumper replacement at the Vigdis field. The option falls under an amendment to the previously awarded SLMP Marine Installation contract. Vigdis is in block 34/7 in the…
XACT Downhole Telemetry deployed six deepwater Gulf of Mexico (GoM) deployments that provided real-time downhole data during a deepwater completion installation with BP. BP successfully accessed real-time downhole data throughout the well’s completion…
Only one in five oil and gas companies see themselves as highly digitalized today. However, close to half of senior oil and gas professionals (45%) already see solid or high potential for big data and analytics to transform the operating efficiency of the industry in 2016…
The Petroleum Safety Authority of Norway (PSA) has given orders to Statoil to make improvements at the Gudrun platform in the North Sea, following an investigation of one of the largest hydrocarbon leaks on the Norwegian Continental Shelf that occurred more than a year ago…
Dana Petroleum commenced drilling operations at the Manatee-1 exploration well on the Bakassi West block, offshore Cameroon, according to partner SDX Energy. Map of Bakassi West block, from SDX…
Farstad Shipping has recently sold and delivered two vessels. The PSV Lady Grete was sold on behalf of Farstad Shipping’s Singapore subsidiary, and delivered to the new owner on 29 February 2016. The AHTS Far Sea was sold through Farstad Supply…
After completing the world’s first wet gas compressor offshore Norway, OneSubsea looks to continue pushing the technology to new limits. The multiphase compressor station during installation. Photos from OneSubsea…
Elliot Kinch, business development manager for Interwell UK, has been appointed as the new chair of the Intervention & Coiled Tubing Association's European chapter (ICoTA). Kinch, who takes up his appointment March 2016, has served on the organization’s committee for two years…
US supermajor Chevron is set to shave its budget by as much as 36% by next year, as the company approaches the finish line for global construction projects, and sets its sights on increasing production. Jack/St…
As ExxonMobil decreases its capital spending budget this year by 25%, the supermajor looks to start up 10 new upstream projects between now and 2017 that will see its production capacity increase. Tillerson…
Production well drilling has started on Statoil's major Johan Sverdrup development offshore Norway. The first of 35 wells was spudded by Odfjell drilling's Deepsea Atlantic semisubmersible drilling rig. The US$13.3 billion first phase…
Efficiency gains could be made through better use of digital technologies, but the industry is still shy on the uptake. Nada Ahmed, senior consultant, DNV GL - Oil & Gas, looks at the opportunities and risks. Images from DNV GL…
Helix Energy Solutions Group is selling its 50% stake in Marco Polo platform owner Deepwater Gateway to a subsidiary of Genesis Energy for US$25 million. Anthony Tripodo, Executive Vice President and CFO of Helix, said: “The sale of the…
Current oil prices does little to support exploration and expanding developments. However, keeping an eye on the future, sub-saharan African nations show promise. Western African countries, such as Nigeria, have already seen the benefits…
The failure of UK-based independent explorer First Oil has resulted in partners EnQuest and Cairn Energy increasing their stakes in the Kraken heavy oil field development. First Oil had held 15% interest in the Kraken field in the UK North Sea…
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