Global owner and operator of floating production storage and offloading vessels (FPSO) BW Offshore, through its affiliate BW Energy, has announced a re-adjusted operational plan for its offshore Gabon operations after an outcome of drilling…
What do Colombia and Norway have in common? They both led the world in hydrocarbon discoveries in the third quarter of 2019.That GlobalData finding signals but one of many currents shaping an oil-and-gas industry that’s vital to keeping the largest nations on earth clothed…
The bounce back of Egypt’s upstream operations continues to gain momentum, attracting additional offshore-focused investments and transactions with latest reports indicating Dubai-based oil and gas company Dragon Oil has received the nod to…
When the offshore downturn hit, no operating region was spared. Southeast Asia, once the offshore poster child, found itself falling from grace, and hard. What followed was series of liquidations, bankruptcies, court protection and government intervention…
A temporary tax incentive regime, low oilfield breakeven pricing and a chance to profit on modifications alone rather than via drill bit appear to be factors lifting prospects and getting banks behind a stalled Danish offshore revival.On Monday…
South Africa is committed to fast-tracking the finalization of the proposal to split the pending Minerals and Petroleum Resources Development Bill to have a separate legislation and specific regulatory framework for the oil and natural gas sector…
With the resumption of oil and gas block tenders in Brazil, including highly valued pre-salt tenders, offshore support vessel (OSV) owners are expecting to get any vessels that are lying by without a contract to soon rejoin the market. However…
A fire in the battery room of a passenger ferry this week has given Norwegian offshore safety officials — and firemen — a taste of the dreaded toxic, hard-to-control chemical explosions and fumes that marine energy storage was feared to have been theoretically capable of creating…
A new method for manufacturing large power umbilicals can shave off 15% to 20% of manufacturing time by minimizing the number of electrical cable splices required.Power umbilicals can be 10 inches in diameter and up to 60 miles long and take up a lot of space prior to installation…
Gabon, sub-Saharan Africa’s eighth largest oil producer, last week participated in the last of its earlier scheduled nine events held in North America, Asia, Europe and Africa, to popularize the 12th shallow and deep water licensing round with only three months before the bidding process is closed…
Order delays, cancellations and decision-gate debates have been hampering Norwegian oilfield owners grappling with a vastly weakened currency and projects — like the not-on-time and not-on-budget, Martin Linge — that have burst budgets.While several fields have been made scaled back (Bauge…
As the oil and gas industry increasingly automates functions, one service company has focused on changing the focus from dumb iron to the cloud.Weatherford’s vision is to take its range of production tools and technologies to the next level by bringing them together with the basics of Industry 4…
The starting gun on a subsea space race has now officially been fired with the first ever award of a contract that includes services from a subsea resident drone.But, what is less known is that the award, made by Equinor to Saipem for operations on the Njord field…
After a week that saw Norway announce a record number of oilfields in operation and support for the UN Climate Change Committee’s new report, there’s a paradoxical window of opportunity for offshore suppliers offering increments of “green” savings…
The use of drones to inspect offshore assets can drive up safety levels, increase operational time and reduce costs.In just a few short years, drone technology has “come a very, very long way,” says Tyler Collins, VP of enterprise services at PrecisionHawk…
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