Most of the building blocks are in place for the all-subsea solution. But do they offer an attractive proposition? Elaine Maslin looks at DNV GL’s current thinking. Operations during the Åsgard…
Statoil's US$2.34 billion Asgard subsea gas compression project came onstream last week as the world's first subsea gas compression facility 300m below the surface of the Norwegian Sea. In this illustrated video, the Norwegian giant shows the installation and how it will work…
Sustained low oil prices could lead to a long-term drop in upstream oil and natural gas investment, according to a new report by the US Energy Information Administration. “Given the fall in oil prices that began in mid-2014 and the relationship between oil prices and upstream investment…
Some 140 fields could cease production on the UK Continental Shelf over the next five years, according to research by analysts Wood Mackenzie. The firm says high oil prices have enabled North Sea operators to extend field life and delay decommissioning time and time again…
Stork successfully installed Emerson Process Management’s Roxar SandLog wireless sand erosion monitoring solutions on a major North Sea operator’s installation. The collaboration with Stork marks the first installation of the Roxar…
At 300m below the surface of the Norwegian Sea, the world’s first subsea gas compression facility has come on stream, Statoil announced this morning. The NOK 19 billion (US$2.34 billion) Åsgard subsea gas compression project, known as project Nemo to some internally…
Origin Energy’s BassGas production has exceeded 60 TJ/d following the Yolla-5 development well coming online offshore Australia, according to partner AWE Ltd. Image of BassGas. From Origin. The…
When the oil price drops, people want to know how long the decline will last and when it will go back up. Manouchehr Takin, a London-based international oil and energy consultant, tried to make sense of the economic side of low oil prices at yesterday’s SPE Offshore Europe breakfast briefing…
A high oil price has enabled operators to extend field life and delay decommissioning time and time again on the UK continental shelf (UKCS), however, the current low oil price has brought into stark relief that this cannot continue indefinitely concludes a new analysis by Wood Mackenzie…
Singapore’s Keppel Offshore & Marine has agreed to buy Cameron International’s offshore rig business for US$100 million, comprising of the LeTourneau jackup rig designs. Keppel says the LeTourneau suite of jackup rig designs have been…
Private equity backed Proserv Group has bought Aberdeen-based subsea acoustic positioning firm Nautronix. Employing 120 people, Nautronix is recognised for its through-water digital acoustic wireless communications and positioning systems…
Statoil has opted for Aptomar’s TCMS tactical collaboration and management system at the energy company’s field monitoring centre at Sandsli in Bergen, Norway. Under the contract, Aptomar will provide Statoil with TCMS (Tactical Collaboration and Management System) workstations…
Norway's official statistics organisation, Statistics Norway, has predicted that oil prices are set to remain low and only gradually increase to around US$60 in 2018. The organization said yesterday that low spending will also result in a drop in investment of almost 33% from 2013 to 2018…
The recent rise in domestic crude oil production from 5.6 MMb/d in 2009 to 8.7 MMb/d in 2014 and the prospect of continued supply growth have sparked interest in the question of how the relaxation or removal of current policies, which restrict…
Project services consultancy Cambla is set to release a new version of its state-of-the-art software, the Schedule Animation Tool (SAT), next week during its exhibit at SPE Offshore Europe. The technology has been developed to improve the accuracy…
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