The sharp decline in oil prices over the past year has magnified the challenges that companies on the UK Continental Shelf (UKCS) have been grappling with for many years; increasing costs, falling exploration and aging infrastructure, coupled with commercial and legal complexity…
Flow visualization in horizontal wells is being improved thanks to carbon composite rods. Elaine Maslin takes a look. The yellow wireline mast suspends the top sheave and the pressure control equipment…
Shell disconnected the Noble Discoverer drillship from its anchors in the Chukchi Sea after weather temporarily put a halt to its Arctic operations over the weekend. The Noble Discoverer. From Shell Flickr…
South Korean shipyard Hyundai Heavy Industries (HHI) has placed two contracts with Wärtsilä for seawater/propane based regasification modules. The systems are to be installed on FSRU (Floating Storage and Regasification Unit) vessels owned by Höegh LNG…
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$46…
National Oilwell Varco (NOV) appointed Jose A. Bayardo as senior vice president and chief financial officer (CFO) of NOV, effective 28 August 2015. Bayardo succeeds Scott K. Duff, interim CFO. Prior to joining NOV, Bayardo, age 43, served as senior vice president…
Equalizer International, a designer and developer of flange maintenance tools for the energy sector, will launch its newest range of tools at Offshore Europe 2015. The NutSplitter range, designed specifically for pipe-line bolted flange joints…
Statoil, operator of production license 72 B, is in the process of completing the drilling of wildcat well 16/7-11 on behalf of production licenses 72 B, 72 D and 72 E. This is the second exploration well in production license 72 B. The…
If you're an old hand at major oil events you'll know that you're choice of clothing can be key to having a successful show. For those who are new, not having the right gear on can leave you shivvering in a technical session or baking hot on the exhibition floor…
Eni has laid claim to discovering the largest gas field in Egypt and the Mediterranean Sea and says the field could become one of the world’s largest natural gas finds. The Italian operator says the deepwater Zohr field could hold up to 30 Tcf of lean gas in place (or 5…
UK authorities have given the green light to one of the largest new field discoveries in the UK North Sea – Maersk Oil’s £3 billion (US$ 4.5 billion) Culzean development. The project has been welcomed as a “clear signal the North Sea…
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…
OEG Offshore, a global provider of cargo carrying units (CCUs) and A60 modules to the oil and gas industry, has announced the merger of its US business with Louisiana based oilfield equipment provider Cameron Rental and Tank (CRT). The…
Image: on-site machining/IKM Testing The IKM Group announced that IKM Testing has entered into a purchase agreement to acquire Oceaneering’s Norwegian Onsite Machining & Cutting business…
LUKOIL, a provider of marine lubricants, has expand its global supply network, opening a new warehouse in Gothenburg, Sweden, which will reduce lead time and increase flexibility when delivering lubricants to vessels calling at Scandinavian ports…
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