NUTECH has partnered with WellDatabase to launch NuQuest, the industry’s first comprehensive and intuitive digital platform providing standard well data coupled with corresponding reservoir characterization, and engineering expertise. The…
During the period of 5-7 January 2016, the Petroleum Safety Authority (PSA) Norway conducted an audit on ENI Norge's facility Goliat FPSO. The audit was conducted as a follow-up to an audit carried out in June 2015 linked to logistics on Goliat…
Spanish oil and gas explorer Repsol is planning to shut down its Varg field operations offshore Norway, due to the low oil prices, according to news reports. The Petrojarl Varg. Image from Teekay…
Halliburton has released the Dash 3in subsea safety system, a solution for electrohydraulic control of Halliburton’s subsea safety tree. Previously, control was provided through direct hydraulic pressure from the surface. This latest edition…
Total may have taken an 18% hit in its net income compared to 2014, but the French company said it was “the best performance among the majors.” Image of Total CEO Patrick Pouyanne. From Total Twitter…
Tullow Oil’s TEN project is more than 85% complete and is set for production start-up between July and August 2016, which will help the company drive further reductions in operating costs and capital expenditure. Image from Tullow…
In the International Energy Agency’s (IEA) oil market report for February 2016, signs of a demand slowdown surface, with higher OPEC output only partly offsetting non-OPEC decline. Having peaked, at a five-year high of 1.6 MMb/d in 2015…
Level and flow instrumentation manufacturer Magnetrol International launched the Pulsar Model R96 non-contact radar transmitter for level control in process applications. The two-wire, loop-powered, 6 GHz radar transmitter measures a variety…
National Ocean Industries Association (NOIA) president, Randall Luthi, issued the following statement ahead of President Obama’s budget request: “The [US] is the global leader in oil and gas production and American consumers are enjoying the lowest gasoline prices in a decade…
Qatar Petroleum has reached an agreement with Chevron Morocco Exploration, a subsidiary of Chevron Corp., to acquire a 30% participating interest from Chevron’s 75% share in three deepwater offshore leases in the Kingdom of Morocco: Cap Rhir Deep…
Another deadly accident has struck the Abkatún complex in the Bay of Campeche, offshore Mexico. Three workers have died and six more have been injured following a new fire yesterday at the Abkatún complex, Mexico’s state oil company, Pemex…
Wood Mackenzie's latest global oil production analysis* indicates that 3.4 MMbbl/d of oil production is cash negative at a Brent oil price of US$35. Since the dramatic drop in prices from late 2014, there have been few halts in production – with around 100…
Panoro Energy announced that the final works on the floating production, storage and offloading (FPSO) vessel, for the Aje field operations, have been completed. The vessel has left Singapore and is expected to arrive in Nigeria mid-March 2016…
Red Marine, based in Hexham, has completed a qualification testing program on a new vent valve for FMC Technologies. The program to validated the performance of the vent valve against industry standards including ISO 10423 (API 6A). Used during workover operations…
ExxonMobil is moving quickly to spud a well at its Liza discovery, offshore Guyana, in addition to several major projects that are set for start-up in the next two years. Image from Exxon. Exxon…
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