Tyra – Denmark’s largest gas and condensate field and main gas processing hub – was, a few years ago, on the verge of being decommissioned, which would have, according to reports back then, wiped out thousands of jobs.The field located 225km west of Esbjerg…
Norwegian offshore vessel owner Eidesvik offshore has this week won contracts for two of its vessels, the Viking Princess and the Viking Neptun.On Wednesday, Eidesvik said it had secured a deal with the Norwegian oil firm Wintershall Dea Norge…
Norway's Equinor wrote off $2.93 billion from the value of its assets after cutting its long-term oil and gas price forecasts on Thursday, betting the pandemic and a shift away from fossil fuels will have a lasting impact on markets.The biggest hit came from a $1…
Chevron on Friday reported an adjusted third-quarter profit as oil prices recovered from spring lows and spending cuts benefited operating results.Chevron and its peers have slashed spending budgets this year on plummeting demand and crude oil…
Oil and gas company Wintershall Dea has started drilling the first of what will be six development wells at its Nova field in the Norwegian part of the North Sea.The Nova field, operated by Wintershall Dea which holds a 45% stake, will be developed…
Up to a quarter of the active floating drilling rig fleet - drillship and semi-submersibles - could be scrapped, as the demand, which had never recovered from the previous downturn, is now expected to remain under pressure 'until 2022,' Rystad Energy…
It’s easy to skip critical maintenance tasks, especially when operational budgets are being reduced. Are you prepared for the risks to vital equipment? Right now, taking steps to assess and prep your equipment so you reduce downtime later can help pay dividends when offshore activity ramps up…
NewTek Sensor Solutions offers new, custom designs of Submersible Linear Position Sensors constructed of special alloys with chemical resistance to water in depths exceeding 15,000 ft or more and with external pressures up to 20,000psi. NewTek…
Tip #5: Condition Monitoring - If it isn’t broken, let it beContrary to popular belief, machines running smoothly should never be left alone. Regular hydraulic oil sampling will give insight to the overall systems health. Key indicators in the…
Caspian Sunrise, an oil and gas firm focused on Kazakhstan, has completed the acquisition of the Caspian Explorer drilling vessel, marking the company's step into offshore drilling.The company, mostly focused on onshore oil and gas activities…
Norwegian oil company Equinor said Monday that its LNG plant, damaged in a fire on September 28, would be closed for up to a year for repairs.To remind, Equinor earlier this month said it expected to resume operations at the plant that processes…
U.S. oil and gas company Talos Energy has started producing oil from its Bulleit field, in the Green Canyon 21 block in the U.S. Gulf of Mexico.The news of the production startup from the field sitting in 365 meters water depth was shared on Monday by Talos' partner in the block…
U.S. buyout group Carlyle Group Inc is nearing an agreement to acquire Siemens AG's mechanical drive arm Flender, for about 2 billion euros ($2.37 billion), Bloomberg News reported citing sources.Siemens and Carlyle are finalizing terms of the deal that could be announced as early as this week…
Danish offshore wind farm giant Ørsted has signed a deal to sell gas to Polish Polish PGNiG Supply & Trading (PST), under a multi-year contract. Under long-term gas purchase agreements, Ørsted buys some of the natural gas produced by Dansk Underground…
Tip #4: Oil Temperature - Assume that 'running hot' is normalDuring warm summer months, with reasonable certainty, high machine temperatures will follow. This is especially true if using air oil heat exchangers. Dismissing this expectation may allow operators to prevent down time…
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