Greece-based exploration firm Energean Oil & Gas has launched a US$225 million investment program to develop 30MMbbl of reserves in North West Greece and to increase production from the Prinos, Prinos North and Epsilon fields to 10,000bbl/day by 2016…
Aker Solutions, with a total of 51 contracts, is leading the field on contracts won on the UK Continental Shelf (UKS) and Norwegian Continental Shelf (NCS) over the past four years, according to the latest report from the Energy Industry Council (EIC)…
The Aasta Hansteen project, one of biggest and most complex industrial projects in Europe, is on schedule to begin production in 3Q 2017, says Statoil. Statoil, which made a presentation about the project at ONS, in Stavanger, this week…
ONS, Stavanger: The world’s need for energy is driving interest in further industrial activity in the Arctic, yet the region’s conditions are highly variable depending on the type of activity, location and time of year. This creates a complex risk picture…
A UK-based energy expert has called for the Norwegian and UK governments to agree a united regulatory regime to enable better standardization efforts around the North Sea. Philip Lambert, CEO at Lambert Energy (right), said there should be a pan-North Sea effort at standardization…
Oil companies operating on the Norwegian Continental Shelf (NCS) were this morning warned that cost cutting should not lead to fewer projects and leaving behind economically viable fields, Norway’s Minister of Petroleum told ONS conference delegates in Stavanger this morning…
UK-based engineering firm Aquaterra Energy has launched a Riser Monitoring System (RMS) it believes will revolutionize integrity management and bring improved reliability and accuracy of data acquisition to the offshore oil and gas industry…
Statoil and BP continue to the most active operators on the UK Continental Shelf (UKCS) and the Norwegian Continental Shelf (NCS) according to the latest report from the Energy Industry Council (EIC). Image: Fig 1. The report, based on EICDataStream…
Sweden's SKF Group announces that President and CEO Tom Johnstone has decided to step down, effective 1 January 2015. Photo at right from SKF. Leif Östling, Chairman of the Board of SKF, comments: “Under Tom’s leadership, SKF has developed into a knowledge engineering company…
In new analysis prepared for ONS 2014, Wood Mackenzie says the role of incremental projects in Norway is growing in importance, which account for almost half of Norway’s US$200 billion (NKr 1,250 billion) upstream development spend over the next decade…
Statoil’s CEO Helge Lund has continued the Norwegian industry focus on standardization, in light of rising costs, on the opening day of ONS (Offshore Northern Seas) in Stavanger today (August 25). Referring to subsea developments specifically…
Houston-based ABS has been selected to class the Remora HiLoad dynamic positioning (DP) BR loading unit, a second generation of the HiLoad DP system that connects to and keeps conventional tankers in position during crude oil offloading from floating production installations…
Welltec, in partnership with Saudi Aramco, has produced what it it describing as the industry's first e-line tool designed to provide reliable, efficient, rigless access into laterals from the main wellbore. WellLIT detects each sidetrack window depth and then directs unmodified…
Trelleborg Sealing Solutions is unveiling its new “next generation” seal – the Multi-Contact Turcon Variseal – at the ONS in Stavanger hits week. The Multi-Contact Turcon Variseal from Trelleborg Sealing Solutions has been developed to…
With demand for hydrocarbons increasing and costs rising, the exploration and production industry is also facing numerous technical challenges including the development of high-pressure – high-temperature (HPHT) reserves. HP / extreme-HP typically refers to borehole pressures between 10…
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