GE and Maersk Drilling have entered into a partnership to collaborate on a data analytic-driven pilot project with the aim to increase Maersk’s drilling vessels’ productivity and significantly reduce maintenance costs by up to 20%. The…
Total investment in oil and natural gas extraction in Norway was 21% lower in 1H 2016 compared with 1H 2015, a decline of about US$3.5 billion (NOK 20.9 billion). However, investment cuts have affected some segments of the industry more than others…
Shell is set to cut 380 jobs as the supermajor moves to close its finance office in Glasgow following a review of its global finance operations, according to news reports. 'For Shell to remain competitive, difficult choices continue to…
In this video, Chevron shows the process it took for its Alder HPHT field to reach first gas, 41 years after in was discovered. Chevron’s high-pressure, high-temperature (HPHT) gas condensate Alder field in the Central North Sea started production this week…
Last year was a breakthrough year for subsea compression. Elaine Maslin surveys the projects that came online and discovers what became of Ormen Lange. Subsea compression at Ormen Lange. How it could have looked…
Chevron started production at the high-pressure, high-temperature (HPHT) gas condensate Alder field in the Central North Sea that will help extend the field life of Britannia. Image of the installation of the Alder subsea isolation valve…
A recently formed subsea services business has secured private equity investment in order to buy a fleet of 32 remotely operated vehicles. Aberdeen- and Houston-based M² Subsea was able to buy the fleet from the administrators of failed…
Noble Energy is expecting the final investment decision (FID) for its giant Leviathan development offshore Israel by year-end or early next year, the Houston-based explorer said in its Q3 2016 earnings call. The Noble Sam Croft…
Germany’s Wintershall weighed several concepts for its Maria field development, which sits in a mature area off Norway. Elaine Maslin reports on how the firm drew upon multiple neighbors to select the right solution. A…
Singapore's Sembcorp Marine has agreed to buy the remaining 30% stake in Sembmarine North Sea that it doesn't already own. The firm owns UK fabrication yard Sembmarine SLP, once SLP Engineering, and will allow the yard to expand its footprint in the UK…
EMAS Chiyoda Subsea’s John Meenaghan discusses challenges and solutions employed at three back-to-back tieback projects the company recently carried out in the US Gulf of Mexico The Lewek Constellation during reel exchange operations with the RB1…
Norwegian oil services investment firm Akastor has agreed to sell Fjords Processing to National Oilwell Varco for US$145.7 million on a debt- and cash-free basis. Fjords is a leader in complete process support systems for gas, oil and water…
Aker Solutions entered into an agreement to buy 70% of Brazilian CSE Mecânica e Instrumentação Ltda, in which the deal comes with an option to purchase the remaining 30% of the company three years after the expected close of the transaction by the end of Q1 2017…
Well integrity and reliability software supplier ExproSoft has acquired Miriam, a supplier of RAM analysis software. Image of Odd Are Svensen (CEO, ExproSoft) and Christophe Spaggiari (CTO, Miriam)…
QGEP Participações entered into an agreement with its partner, Pacific Brasil Exploração e Produção de Óleo e Gás Ltda., to acquire working interest in three blocks in the Foz do Amazonas and the Pará-Maranhão basins (PAMA), offshore Brazil…
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