Opex News

 

ADNOC Says AI Added $500 Million of Extra Value in 2023

Mar 05, 2024

Abu Dhabi National Oil Company's (ADNOC) use of artificial intelligence generated $500 million of additional value last year, it said on Tuesday.The state oil giant said it had already integrated more than 30 AI tools across processes from field operations to corporate decision-making, and planned to roll out the technology further.ADNOC said an AI-linked programme to remotely monitor operational equipment has significantly cut the frequency of unexpected shutdowns and improved efficiency…

SubCtech ESS Revolutionizes Onshore, Offshore Power

Apr 27, 2025

SubCtech’s Li-Ion Energy Storage Systems deliver clean, reliable subsea energy, powering ROVs, AUVs, and subsea infrastructure — reducing CO₂ emissions and OPEX for sustainable marine operations. Designed for longevity and safety in harsh offshore environments. The safe way to cut costs.

Entrion Wind Secures US Patent for Deepwater Monopile Tech

Nov 08, 2024

Entrion Wind has secured a U.S. patent for its Fully Restrained Platform (FRP) monopile, which extends the range of traditional offshore wind monopile technology up to 100 meters water depths.Entrion Wind’s FRP monopile design integrates proven…

SLB OneSubsea to Design All-Electric Subsea System for Equinor’s Fram Sør Field

Jun 27, 2024

Oilfield services company SLB has, through its joint venture OneSubsea, secured a contract from Equinor for the front-end engineering design (FEED) of a 12-well, all-electric subsea production systems project in the Fram Sør field, offshore Norway…

US Oil and Gas Operator Hires Elemental Energies for Major Decom Job in Gulf of Mexico

May 22, 2024

Promethean Energy has awarded a master services contract to independent wells specialist Elemental Energies to support the decommissioning of nine orphaned wells in the Gulf of Mexico.The first phase of the project started in February with Elemental…

Tyra II Production Successfully Restarted

Mar 22, 2024

The Tyra Redevelopment Project (Tyra II) has restarted production. At plateau, the Tyra hub will produce 5.7 million cubic meters of gas and 22,000 barrels of condensate per day.TotalEnergies operates the Tyra field on behalf of Danish Underground Consortium…

Digitalization is Drawing CCS a New Learning Curve

Feb 27, 2024

Digital solutions are accelerating the progress required to ensure CCS earns its place in climate change mitigation history.Carbon capture has been around since the 90s, but the behavior of CO2 in pipelines is still not that well understood…

BMT Unveils 48-meter SOV Design

Feb 06, 2024

Naval architecture and marine engineering firm BMT unveiled its new design for a 48-meter service operation vessel (SOV).BMT said the mid-sized vessel sits in between crew transfer vessels (CTV) and typical SOVs, providing a more cost-effective…

Valeura Gears Up for Busy Year in Gulf of Thailand

Jan 18, 2024

Canada-based oil and gas company Valeura Energy has announced plans to invest around $8 million in 2024 for new exploration within its Gulf of Thailand licenses, with opportunities identified in Wassana North, Nong Yao D, and the Ratree Prospect…

SLB Collaborates with Geminus AI on Process Modeling

Jan 10, 2024

SLB has announced an investment and technology partnership agreement with Geminus AI that will give SLB exclusive access to deploy the first physics-informed artificial intelligence (AI) model builder for oil and gas operations.The Geminus model…

European Wave Energy Project Gets $4.4M Funding Boost

Dec 21, 2023

European Union’s Horizon program has approved a $4.4 million grant for SHY project, which will develop a new power take-off (PTO) system with advanced control strategy, aimed at reducing the cost of wave energy.SHY project, short for Seawater…

Gensets: New Fuels but Perennial Goals

Dec 01, 2023

Fuel flexibility may be a key driver for recent developments in gensets, but the perennial goals of lowering CapEx and OpEx remain.Fuel flexibility is one of the pillars of decarbonization that is being embraced by genset OEMs. Fuel efficiency…

BW Energy Finalizes Takeover of FPSO from Saipem

Nov 21, 2023

Oslo-listed oil and gas company BW Energy said Tuesday it had completed the acquisition of the FPSO Cidade de Vitoria from Saipem.The FPSO is currently producing approximately 10,000 barrels per day of oil from the Golfinho field offshore Brazil…

Norwegian Firm Agrees to Buy Five Vroon Offshore Vessels for $94M

Aug 04, 2023

Norwegian offshore vessel operator Golden Energy Offshore Services (GEOS) has entered into a binding Memorandum of Agreement for the acquisition of four platform supply vessels and one subsea support vessel from subsidiaries of Vroon Holding B…

Aker Solutions Wins First SWIFT Contract at Johan Castberg Field With Equinor

Jun 12, 2023

Norwegian offshore services company Aker Solutions has won a contract with the oil and gas company Equinor to deliver the first Submersible Wireless Installer for Tubing (SWIFT™) for 18 tubing hanger installations on the Johan Castberg field…

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