Through artificial intelligence and machine learning, oil companies can monitor production stream quality in real time to optimize the value per barrel.“The industry is now recognizing the importance of product quality,” says Paul Oates, US business development director for Validere…
The Ireland and UK focused oil and gas exploration, development and production company Europa Oil & Gas Plc said it has landed a high impact new venture offshore Morocco, boosting the country’s drive to launch viable upstream projects that would…
As war gives oil a jolt, BW Offshore — which earned revenues of $870 million in 2018 — is readying floating production storage and offloading vessel (FPSO) candidates for Brazil and the North Sea, just as its about-to-be-strengthened other half…
Last month we discussed the Toisa OCV fleet, and this week we shall focus on the offshore supply vessels (OSV). Within the Toisa fleet, OSVs made up circa 73% of the overall fleet size and generated more than $40 million during a two-year sell off…
As connectivity at offshore oil and gas facilities improves, one of the major hurdles for augmented reality technology is evaporating.Connectivity has, for years, been the primary challenge for uptake of certain remote-enabling technologies for use in testing…
Privately held oil and gas exploration and production company New Age (African Global Energy) Limited has announced the completion of the US$800 million sale of its 25% non-operated interest in the offshore Marine XII permit in Congo (Brazzaville) to LUKOIL Upstream Congo SAU…
The reaction of the gut is unease to news reports ExxonMobil might be selling $4 billion in offshore assets to Norway’s Vår Energi (the former Eni Norge) and pulling out of the North Sea.More operator and supermajor consolidation away from an oil province sounds all bad…
The leadership at Danos believes technology will transform the oil industry. To thrive in the midst of that change, Louisiana-based Danos is actively focused on how to use technology to help customers work more efficiently and cost-effectively…
Africa-focused oil and gas exploration, development and production company LEKOIL announced progress in one of its Nigerian projects months after a temporary setback in its asset acquisition spree in the West African country.The company said…
Fred. Olsen has been working on a wave energy design called BOLT. It’s based on a floating platform attached to the seabed via moorings that are in turn attached to a specialized winch line product, which wind in and out of winches (one to three…
Late last week, a large Equinor spending allotment passed under the radar of many a news stream: the Norwegian offshore operator was given a $230 million grant by largest shareholder, Oslo, to pursue wind projects, or at least one in particular…
In June, the Hydrone R started a six-month trial in Saipem’s underwater “play park” near Trieste, northeast Italy. Later in the year, or early next year, its FlatFish design is also expected to enter the water, ahead of deep-water trials in 2021…
In some cases, resident underwater vehicles may not have access to power, so alternative power sources may be needed.New Jersey, US, based Ocean Power Technologies (OPT) has been a leading company in this area, working with Italian oil company Eni…
Sweden’s Saab Seaeye has been one of those driving the vehicle side of the subsea resident vehicle equation – for at least 10 years.The firm has some 50% of the world market of electric remote operated vehicles (ROV) and it has delivered more than 1…
The new discovery offshore Equatorial Guinea’s Block 1 by US-based exploration and production company Noble Energy puts the West African country on the road to reversing declining oil and gas output should the project be turned into a viable commercial venture…
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