Maersk Decom, together with Maersk Supply Service, is project managing the removal, recycling and waste management of subsea infrastructure for Perenco’s Thames field in the UK North Sea.The project includes the cut and recovery of wellheads and wellhead protection structures…
The global oil service suppliers might have to wait until 2025 before the market reaches its former glory seen before the oil price collapsed.For drilling companies, it will take even longer, says analyst firm Rystad Energy.'The global oilfield…
Drilling rig contractor Maersk Drilling, which will soon list on the Copenhagen stock exchange, said the offshore drilling market is improving as oil firms generate more cash and look to boost reserves.A fall in oil prices in 2014 prompted a…
New technology developed in Japan aims to help engineers design equipment for lifting shallow methane hydrate from the seabed, and to ensure the success of subsea lifting operations and gas production above the ocean surface.The new equipment jointly developed by Mitsui E&S Holdings Co…
Equinor’s application to prolong the technical lifetime for the Åsgard A facility in the Norwegian Sea has been approved by the Norwegian Petroleum Directorate, extending production up to 12 years longer than was originally planned.The Åsgard A floating production…
Norwegian oil service vessels (OSV) firm Solstad Offshore is seeking negotiations with creditors and other stakeholders to boost liquidity ahead of the slow winter season, the company said on Monday, sending its shares down 20 percent.'We were all too optimistic about when the recovery will happen…
Gaspar Franco Hernández, of CNH, discusses the abundant opportunity to develop Mexico’s over 200 mature fields (First published in the December 2017 OE, access the full issue here). Map of Mexico’s mature fields. Image from CNH. There are several definitions of mature fields…
TechnipFMC and Petronas have signed a tripartite heads of agreement (THoA) to 'leverage' their respective resources in areas including enhanced oil recovery and unmanned equipment. The collaboration, involving Petronas Research and Petronas Technology Ventures…
The Oil and Gas Authority (OGA) has published a 'lessons learned' on the use of polymer technology to enhance oil recovery (EOR) from UK oil fields. “Polymer Enhanced Oil Recovery – Industry Lessons Learned” was produced in collaboration…
US oil major Chevron is moving ahead with plans for an enhanced oil recovery (EOR) project using polymer technology on its Captain heavy oil field in the UK North Sea. The Captain field was discovered in 1977, in Block 13/22a on the edge of the outer Moray Firth…
Engineering and services firm Claxton Engineering has been awarded a contract to riglessly casing cut and recover a total of seven wells in the southern North Sea across two normally unmanned, platforms, along with an additional subsea suspended well at one of the locations…
Utility ROV Services (URS) has developed a new Mattress Recovery Tool (MRT) for the oil and gas decommissioning market. The tool has been designed to recover concrete mattresses that have been installed extensively in oil and gas fields to protect subsea piping…
IKM Cleandrill has been awarded a three-year frame agreement with AkerBP for riserless closed loop mud recovery services. The initial operations under this contract will be production well drilling on the Alvheim development from the Transocean Arctic semisubmersible rig…
Oil India Ltd. (OIL) and the University of Houston (UH) have entered into an agreement to collaborate on technologies required to maximize recovery from aging oilfields in India. The duo will cooperate in the fields of improved oil recovery and enhanced oil recovery…
Cautiously optimistic executives expect oil prices to return to US$60-80/bbl – spurring investment and economic growth, according to a new survey conducted by advisory firm Deloitte. The two-year downturn in the oil and gas industry may be coming to a close…
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