Although Norway’s offshore segments took a pounding in share-price value on Monday — with every segment incurring losses — the consensus here is that fundamentals offshore are good, and a combination of general uncertainty and specific contract losses are what rocked investors starting their week…
The oil industry has a host of methods for keeping hydrocarbons moving smoothly through flowlines, depending on what might restrict production.Hydrates, or ice-like solids resulting from the combination of free water and natural gas at high pressure and low temperature…
London-based, independent oil and gas company Tower Resources Plc has sighed with relief after the repayment of its $750,000 short term loan facility was extended to August 31 this year to enable the company finalize arrangements for the drilling…
Surging numbers of orders for floating production, storage and offloading vessels (FPSO) may already be straining the supply chain, including shipyards in Asia, a report out of the United States suggests.Around two dozen FPSO contracts are about to enter “decision gate”…
As oil and gas wellbores age, owners need new and better ways to gather – and understand – intelligence about the condition of their assets.Downhole cameras can be useful for finding restrictions in a wellbore during completions, and they can…
Multinational oil and gas exploration company Tullow Oil plc will in the next two months launch a bid to acquire 3,000 square kilometers 3D seismic survey after the firm successfully completed its entry into the Africa’s east coast volcanic archipelago of Comoros…
Suppliers hoping to tap the fast-warming Eastern Mediterranean energy market need look no further than the consortia submitting bids on 12 of 19 exploration blocks offshore Israel.With gas-supply deals in place with Egypt, Jordan, Greece and domestic Israeli producers…
Halliburton leveraged technology from the mining industry to reveal subsurface structures in a way that improves geosteering, geomapping and geostopping in complex reservoirs.The service company has introduced EarthStar 3D Inversion, a 3D reservoir mapping process that…
Despite Africa not being a top contender in the global decommissioning market, the region holds huge potential for growth as more offshore old and gas fields mature while some of the newly drilled ones turn dry.The region’s top oil and gas producers such as Angola…
It might be peak IPO season (Forbes), and technology investors may be looking elsewhere (say fintech), but two years of venture capital investments in the North Sea are rounding on stranded North Sea value.The old investor pattern of looking…
Guyana, located on the northern mainland of South America and nestled between Venezuela and Suriname, has become one of the most exciting regions within the oil and gas industry over the last few years. ExxonMobil has invested heavily in the…
In an industry with infrastructure well beyond its design life, stock sharing for replacement parts can help keep equipment running smoothly.Because maintenance is critical for safe and continued operations, asset owners tend to keep plenty of spare parts on hand…
Nigeria has a new face at the helm of the country’s petroleum industry regulator, and already he has announced ambitious targets for the next five years. Achieving these goals will have to rely partly on how much investment can be attracted…
After painstakingly plying Petrobras for years, Norway’s offshore supplier-contractors and their halo of sub-suppliers are again earning big Brazilian orders en masse, as the BRIC country’s untapped reserves compel the national oil company to buy — and borrow — Norwegian…
A technology used in security and drug enforcement was modified to solve the age-old problem of how to use radiography for non-destructive testing of pipelines on rigs without affecting nucleonic measurement associated with pressure vessels…
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