Rosneft succumbed to a drop in revenue and net income for 1H 2015, however came out ahead in its 2Q 2015 results with an increase of as much as 150%. Image from Rosneft. Revenue for 1H came in at US$46…
Schlumberger and IBM announced that they have teamed up to provide integrated services to upstream oil and gas customers that they claim will improve the business impact of production operations projects. The offering combines Schlumberger’s production optimization services…
Offshore energy production in the Gulf of Mexico has experienced relatively minor disruptions because of tropical storms and hurricanes in recent years, and the National Oceanic and Atmospheric Administration (NOAA) has predicted a below…
A move to start up the world's first subsea wet gas compressor has been given final approval by the Norwegian Petroleum Directorate as it moves close to coming on stream. Statoil's Gullfaks Sør project is one of two subsea gas compression projects being developed in Norway…
After nearly two years, Gazprom Neft Shelf has brought its second well into production at the Prirazlomnoye field in the Russian Arctic. Image of the Prirazlomnaya field. From Gazprom. Prirazlomnoye is located in the Pechora Sea…
Precision Polymer Engineering (PPE), a manufacturer of molded elastomer seals, has announced that SECC Oil and Gas, a supplier of couplings and connectors to the oil and gas industry, has installed its Perlast G75LT and G90LT O-rings in a…
First oil has commenced from the Wassana oil field in the G10/48 concession in the Gulf of Thailand, operator KrisEnergy announced. Wassana is expected to achieve peak production of approximately 10,000 bo/d by year’s end. KrisEnergy…
Trendsetter Engineering has completed work on a containment toolkit that can be deployed to minimize the environmental impact of a subsea well incident. This follows their delivery of four subsea well capping stacks, designed to shut in an uncontrolled subsea well…
Subsea connector specialist First Subsea, has successfully completed the installation of bend stiffener connections for gas lift and production risers, power cables and umbilicals, for the Goliat FPSO. Operated by ENI Norge, the…
Oil and gas operators will have to approach the challenge of decommissioning in new ways if the goal of maximizing economic recovery from the UK Continental Shelf (UKCS) is to be achieved, according to a report from professional services firm KPMG…
Shell along with partner Esso Exploration agreed to sell their entire stakes (50-50) in the Anasuria Cluster in the UK Central North Sea to a Malaysian joint venture consisting of Ping Petroleum and Hibiscus Petroleum. News reports put the sale price at US$105 million…
LR Senergy’s new process uses computational fluid dynamics (CFD) to model a well and near wellbore — and subsequently identify production optimization options and strategies. Jeannie Stell reports. Michael Byrne…
North Sea production could finally reverse its 15-year downward trend this year as new fields come onstream and production efficiency measures take hold. According to the Department of Energy and Climate Change provisional 2015 production figures…
When developing the Lucius and Heidelberg fields in the deepwater Gulf of Mexico, Anadarko Petroleum opted for a “design one, build two” strategy. Audrey Leon reports on how the Lucius field, which began production in January, came to be…
Trelleborg Sealing Solutions is launching a new online resource for engineers at an international conference next month as part of its “commitment” to the oil and gas industry. The website – ‘oilandgas-seals.com’ provides a comprehensive…
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