Welltec’s well tractor has transitioned from an unlikely vision to a solid reality now deployed in deepwater wells. OE explains. Image from iStock. Sometimes it takes an outsider to pinpoint how matters can be improved…
Premier Oil is planning to make sanction decisions on its Falkands Sea Lion and Norwegian Vette developments in 2016, the operator said this morning. The plans come as the firm says it is making “improved progress” on the completion…
A group of ex-FMC employees have teamed up with subsea installation player DeepOcean to found Optime Subsea Services, whose multiCompletionSystem (mCS) can provide up to 80% time and cost savings on subsea tree installations compared to traditional solutions…
Cygnus Instruments has introduced a new range of thickness gauges, used for measuring remaining metal thickness without the need to remove protective coatings. The new range of thickness gauges now incorporated two additional measuring modes…
Red Marine developed and delivered the modular umbilical clamp system, made up of six purely mechanical elements to FMC Technologies. Image of the modular umbilical clamp system. From Red Marine…
FTO Services shows its riserless light well intervention at work in this video. Riserless light well intervention is able to reduce well intervention costs by eliminating the need to use a drilling rig and it also increases the number of well interventions that can be performed…
GE Oil & Gas is expanding its oil and gas business, according to a group of GE executives speaking at this week's Offshore Technology Conference (OTC) in Houston. The company is focusing more closely on its clients’ needs and is expanding…
Tata Steel says it has become the first company to manufacture a submerged arc welded longitudinal (SAWL) line pipe installed through reeling method in the North Sea. Manufactured at Tata Steel’s Hartlepool 42in. UOE mill, the pipe was…
London-based junior explorer Sterling Energy is challenging the expiration of its first renewal period on the Ntem concession offshore Cameroon. The firm declared a force majeure on the 100% owned Ntem concession in May 2014, due to its…
Netherlands-based, Huisman announced today that André Meijer is appointed as CEO effective 1 August 2015. This appointment follows the decision of Joop Roodenburg to step down as the company’s CEO this year and become the company's chief technology officer…
BP and Total beat analysts’ predictions by reporting better than expected results this morning, despite consistently low oil prices. French oil major Total saw its fastest production growth in more than a decade and gains in its refining…
Oilfield services companies are putting a brave face on the continuing market downturn, despite some reporting shrinking order books. Subsea 7 and Fugro reported shrinking order books in their 1Q results this morning. Subsea 7’s…
Petrobras completed the formation testing on well 3-BRSA-1286-SES, located in concession BM-SEAL-11, in ultra-deep waters of Sergipe-Alagoas Basin, offshore Brazil. Drilling activities have confirmed two light oil and gas bearing compartments…
Jerry Lee provides an overview of Mexico’s Ku-Maloob-Zaap (KMZ) heavy oilfield in the Bay of Campeche. Pemex’s Ku-S central processing installation at the Ku-Maloob-Zaap oilfield in the Bay of Campeche offshore Mexico…
Jeannie Stell looks at offshore heavy oil development economics with an eye on the current low-price environment. ExxonMobil expects its 52-well Hebron development project offshore Newfoundland to bring in first oil in 2017…
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