The Valemon gas and condensate accumulation, a 1985 discovery 160km off the coast from Bergen, has estimated recoverable reserves equivalent to 210 million barrels of oil. Development is currently priced at NKr20.4 billion by operator Statoil and its partners Petoro…
Statoil may not have the biggest R&D budget, but company officials say the operator's technological track record on the Norwegian continental shelf will help it push recovery rates to new highs and create the first subsea factory, including seafloor separation…
OE's analysis of current rig market data is updated monthly using statistics provided by Rigzone.comMaking a strong showing during the second half of 2012, North Sea utilization rates are leading the way with a 96% average.The worldwide competitive…
Just as its current workload was drawing to a close, the HSM Offshore yard picked up a substantial construction contract from GDF Suez E&P Nederland for the operator's Dutch sector L5 and D18 projects. Tenders included three (two x 1200te, one x 1800te) topsides plus jackets…
At a recent Bergen conference showcasing the strength in depth of Norway's subsea industry, Statoil EVP Øystein Michelsen challenged delegates to work with his company in developing the technology to go further, deeper and colder and seize the…
Aker Solutions launched the Aker Academy full service training facility in Houston in June. The 10,000ft2 center is equipped with the latest in simulator technology, including the 240° dome drilling simulator shown here. The domed screen, coupled with drilling control systems software…
Aker Solutions is investing $100 million in a new multi-purpose service site in Macaé for its drilling equipment business in Brazil. The 335,000m2 development – eight times bigger than the company’s current facility in nearby Rio das Ostras…
Schlumberger has introduced NeoScope, a sourceless logging-while-drilling formation evaluation service based on pulsed neutron generator technology that eliminates the need for chemical sources and provides real-time measurements close to the…
Having consolidated all its coring activities under the one brand and under the stewardship of Doug Kinsella, the Reservoir Group is now billing Corpro as the world’s largest coring provider. Corpro was in the group’s original line-up when it was created five years ago…
The Inter-M Pulse long-term mooring connector, developed by InterMoor in conjunction with sister company Pulse Structural Monitoring, was recently put through its paces in a North Sea field trial. Alan Duncan, MD of InterMoor UK, reported…
Successful field deployment of a new compact remote controlled subsea hot tapping machine was announced recently by TD Williamson. The lightweight Subsea 1200RC Tapping Machine, described as a ‘topside-driven machine with passive ROV interface’…
The 'digital oilfield' has been talked about for decades, been in practice for several years, but has not yet become a complete reality. despite its early promise, one issue that has consistently impeded the digital oilfield is the management…
Simon Zoller has joined Rialto as drilling manager and will oversee the company’s threewell campaign in Côte d’Ivoire block CI 202, which began in March with the spudding of the Gazelle–P3 well, as well as future drilling operations. He previously…
GE is developing a new oil & gas training facility in Houston at a cost of $10 million. Scheduled to open 4Q 2012, the 50,000ft2 GE Drilling Systems Technology Center ‘will focus on customer, technical and leadership skills aimed to meet…
Cameron typically shows off serious subsea technology during the annual Houston event but this year chose instead to put the spotlight on its purchase of the TTS Energy Division from Norway’s TTS Group, a transaction expected to close soon.The…
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