In response to the decline in crude oil prices since mid-2014, the number of active offshore rigs has declined worldwide, dropping close to 20%, says the US Energy Information Administration (EIA). There were 304 offshore rigs operating in August 2015…
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…
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…
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…
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…
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…
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…
An online information management system for the offshore decommissioning market has been launched by well management and performance improvement specialist, Exceed. The Aberdeen-based company has invested in excess of £300,000 in the development of iVISION…
Trelleborg Sealing Solutions has produced a new innovative seal for a 'ground-breaking' valve designed by Schoolhill Hydraulic Engineering for BP’s Shah Deniz field. The high-flow, high-integrity, safety critical subsea quick exhaust valve (QEV)…
Image: IWCF employees review FORUM/IWCF The International Well Control Forum (IWCF), the independent organization that sets international well control standards, has launched a new online administration system called “FORUM…
The Society of Petroleum Engineers Aberdeen's Young Professional Committee has launched an online survey to gather the opinions of students, graduates and young professionals about their preconceived ideas about the industry. The results…
Phases 15 & 16 of the massive offshore South Pars gas field are close to starting production, according to the project's manager. Reza Forouzesh said the phases are expected to come online by mid-October. Production from Phases 15 & 16 of the offshore South Pars…
Subscribe
