Scott Weeden drills down with NOV’s Hege Kverneland to find out why she is excited about using Big Data to predict component failures before they occur. Kverneland Just how exciting is Big Data…
Apache’s FNT development may appear a bit “vanilla” on the surface, but a fit-for purpose and fast-to-first-oil ethos under the Apache Projects Group Mission Command management system meant the difference between production and stranded reserves…
US giant ExxonMobil announced it will start five major offshore projects in 2017-2018, in addition to a Q4 2016 earnings of US$3.7 billion, which took a $2 billion impairment charge from its upstream sector. Image from Exxon…
Lloyd’s Register (LR), a provider of integrity, compliance and specialist risk consulting services, has begun its Subsea Inspection Services to support underwater inspections of subsea pipelines, assets and facilities to energy companies operating offshore…
NEL, the flow measurement research and development specialist, has been selected to lead the development of a new multiphase flow measurement standard for the oil and gas industry. Despite the growing use of multiphase meters to cope…
Chevron posted total earnings of US$415 million for Q4 2016, however, posted a loss for full-year 2016 that the US supermajor says were due to the low oil prices. Image from Chevron. Chevron’s Q4 2016 earnings reflected a gain…
Murphy Oil announced a partnership with supermajor Chevron in the Gulf of Mexico in Q4 2016, in addition to suffering from a net loss of US$64 million during the period, and an even bigger loss for the year. Image from Murphy…
GE Energy Connections has been chosen to supply its MV7Series 5 Level (MV7-5L) drive, which will sit topside on a floating production storage and offloading (FPSO) unit for the Greater Enfield project. Located 60km off Exmouth in Western Australia…
Hess Corp. posted a US$4.9 billion net loss in Q4, as the company moves forward to focus on its developments offshore Thailand and in the Gulf of Mexico, which are expected to contribute significant production and cash flow. The…
Vaalco Energy reported strong Q4 and full year 2016 production results. Image from Vaalco. Production for Q4 2016 averaged approximately boe/d, above the previously provided guidance range of 3300-3600 boe/d…
EnQuest confirmed that its Kraken floating production and storage offloading unit (FPSO) arrived in the North Sea, set to deliver first oil in Q2 2017. Image of EnQuest. The US$2…
The Thunder Horse South Expansion project, in the deepwater Gulf of Mexico, has started up 11 months ahead of schedule, supermajor BP announced today (23 January). Illustration of the expansion at Thunder Horse…
Gazprom Neft has commissioned two new production wells at its Prirazlomnoye field in Russian arctic waters. The new wells bring the total number of wells currently in operation at the Prirazlomnaya platform to 10, six of which are production wells…
Seabed Geosolutions, a joint venture between Fugro and CGG, has been awarded a 4D baseline ocean bottom node project in West Africa, with a duration of six-weeks. The crew is currently in the mobilization phase of the project, which will…
Sparrows Group has secured a contract to provide crane management services at the Kraken field in the UK North Sea. Over three years, Sparrows will provide support during the pre-operations and operations phase aboard the floating, production…
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