It goes without saying that Art Berman with Labryrinth Consulting Services has a belief about oil prices that is likely not shared by many in the oil and gas industry: Berman believes the prices should be lower. “Prices have to fall further…
Statoil has, on behalf of the Johan Sverdrup partners, awarded contracts for the linepipe, coating and pipe installation of the Johan Sverdrup export pipelines. The total contract value is estimated at slightly less than US$288 million (NOK 2…
Wood Group has secured its second front-end engineering design (FEED) contract for the proposed Browse floating liquefied natural gas (FLNG) Development offshore Western Australia. Under the new contract with Woodside, effective immediately…
Trendsetter Engineering was awarded a contract to design, manufacture and test the industry’s first 20,000 psi valve‐based capping stack. This capping stack will be capable of containing high pressure, high temperature subsea oil wells in the event of a subsea well‐control incident…
Subsea 7 will provide decommissioning services for the second phase of Centrica’s Rose and Stamford gas field decommissioning programs, located in the southern North Sea. Photo of the Seven Atlantic DSV…
Project Development International (PDi), a provider of multi-discipline engineering, project management and project services to the international energy industry, has secured a $2.25 million (£1.5million) contract with Nigerian oil service company Marine Platforms Limited (MPL)…
Lundin Malaysia commenced drilling of the Imbok-1 exploration well in blocks SB307 and SB308, offshore East Malaysia. The Imbok prospect is in shallow water and lies to the east and south of two major producing fields in offshore East Malaysia…
Marathon Oil has awarded Ingen Ideas, an Amec Foster Wheeler company, a contract worth approximately £8million. The five-year multi-discipline engineering contract covers Marathon Oil’s Brae Complex in the North Sea. The contract started in October 2015 and will run for five years…
WFS Technologies has developed a battery management system technology which enables the battery life of subsea wireless instrumentation and control systems to be extended to up to 15 years. Seatooth Endure technology integrates this battery…
Ocean Installer has been awarded a contract for field development work in Nigeria for Folawiyo Aje Services Ltd. (FASL). The contract starts with immediate effect. Ocean Installer will perform the offshore construction of the Aje Ph1 project off the coast of Nigeria…
Athens Group’s Daniel Marquez discusses why new 20K control systems require a new approach to specification, acquisition, operation and maintenance procedures. Acquisition, operations, and maintenance…
Weatherford International has announced the development of the HeatWave Extreme service for commercial use by Chevron Thailand. The HeatWave Extreme service includes a logging-while-drilling (LWD) tool string capable of withstanding temperatures of up to 410˚F (210˚C)…
The recent integration of automated real-time seismic hazard detection is the latest development furthering the argument for permanent reservoir monitoring. Aaron Smith, of PGS, sheds light. Fig…
Materials technology is being challenged to its limits in the deepwater and high-temperature applications the oil industry is heading into. Technip’s Alan Rutherford outlines work to make umbilicals fit for purpose in this area. Thermoplastic hose…
Even before the drastic drop in oil prices, deepwater extraction costs were under examination, as costs had nearly quadrupled in the past 10 years. The price collapse has created a greater urgency for rethinking how the industry does business…
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