The decommissioning market is making a comeback, with new fields of opportunity, and challenges, opening. TSB Offshore President Will Speck shares insights on the path ahead.With the decommissioning market slowly recovering, TSB Offshore is…
UK-based well services and oilfield equipment rental company RMEC has expanded its total headcount to 43, on the back of a recent six-figure sum investment in its on-site test bay facilities.RMEC said this week the investment was aimed at maximizing…
Sweden's Lundin Petroleum, a partner in Norway's giant Sverdrup oilfield, raised its dividend payment and output expectations on Friday after beating fourth-quarter profit forecasts.Earnings before interest, tax, depreciation, and amortization (EBITDA) rose to $695…
Singapore's offshore facilities builder Keppel has said it has delivered 'the world’s fastest brownfield Floating Production Storage and Offloading vessel (FPSO) modification and upgrading project.'Named FPSO Abigail-Joseph, the vessel was delivered to Malaysia's Yinson Holdings…
Norway's daily oil production is expected to be 6.7% higher at the end of this year than at the end of 2019, as a major oilfield ramps up output, forecasts published by the Norwegian Petroleum Directorate (NPD) showed on Wednesday.The country's preliminary oil output in January stood at 1…
Malaysian oil and gas giant Petronas has said that its second FLNG Unit, the PFLNG Dua, has set sail from South Korea, and is on its way to the Rotan gas field, offshore Malaysia.The journey, which started from the Samsung Heavy Industries yard in Korea…
British oil major BP on Tuesday evacuated workers from its ETAP platform in the UK North Sea, following an issue with power generation.The oil company has removed 63 non-essential workers from the ETAP platform. It suspended production on Tuesday while working to resolve the issue…
Norwegian oil and gas company Aker Energy has signed a letter of intent with Malaysian FPSO provider for the delivery of an FPSO for Aker Energy's Pecan oil field offshore Ghana.Subject to a firm contract signing, Yinson will get the deal for…
UK-based company Survivex is set to open what it describes as a new training center of excellence for drilling and well control in Aberdeen.The center is aimed at training drilling and well control personnel in the onshore and offshore oil and gas industry…
Ireland-focused oil company Providence Resources is on the lookout for a new farm-in partner for its Barryroe field following a botched farm-in saga with China's APEC.Providence said Thursday that its subsidiary Exola DAC, which is the operator…
Norwegian oil and gas investments, the key driver of the country's economy, will rise more than previously expected this year before declining in 2021, an industry survey by the national statistics agency (SSB) showed on Thursday.The survey is closely watched by Norway's central bank…
Global oil firms are preparing to spend more than $53 billion in Guyana’s coveted Stabroek Block during the coming decade.According to Rystad Energy research, recent discoveries in the Guyana-Suriname basin have proven a wider petroleum system and may cause an upgrade in resource estimates…
On the surface, in-well surveillance and monitoring seems like an obvious and beneficial thing to do. Learning about what’s happening in wells can mean operators can make them produce more, change injection or gas-lift, methodologies, unlock shut-in wells…
Neptune Energy has started gas production from the new L5a-D4 well. According to Neptune, the well sits in the deepest producing gas field of the Dutch North Sea.L5a-D4 is a high pressure, high temperature well located in the L5a-D field, around 100 kilometers north of Den Helder…
Germany has got a research project underway that is seeking to improve the integration of offshore wind farms into the grid.German research institute Fraunhofer IWES is developing a mobile grid simulator that will allow the testing and optimization…
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