The pace and timing of an oil price recovery depends on four key drivers, according to McKinsey Energy Insights (MEI), a data and analytics firm. The firm forecasts that it will take more than six months for the oil markets to fully rebalance…
Claxton, an Acteon company, has been awarded a contract with Statoil to provide 'rigless recovery' of seven abandoned wells on the Huldra platform, located in the Norwegian Continental Shelf. Work is due to start in December 2016 and complete within 21 days…
Former BP and Shell geologist Mike Shepherd says the North Sea demonstrates top in class oil recovery factors compared to the rest of the world, but could do better. BP’s Magnus platform.Photo from BP…
As oil producers struggle to adapt to lower prices, getting as much oil as possible out of every well has become even more important, despite concerns from nearby residents that some chemicals used to boost production may pollute underground water resources…
Visiongain's new Marine Seismic Equipment and Acquisition Markets 2016-2026 report indicates that the marine seismic market will see capex of US$273 million on equipment and $2.7 billion on acquisition in 2016. The fall in the price of…
It's hard to quantify accurately recovery rates on the UK Continental Shelf (UKCS). Estimates from the Department of Energy and Climate change put it at about 46%. Global estimates point to somewhere between 30-35%. However, the well known dictum…
OneSubsea has announced the successful commission and start-up of subsea boosting systems installed in ultra deepwaters, located in the Gulf of Mexico. Installed in depths of approximately 7000ft (2100m), the subsea boosting systems consist of three retrievable 3 MW single-phase pump modules…
Abdelghani Henni reports on how French major Total is keeping the ABK field offshore Abu Dhabi up and running past its initial life span, and beyond, serving as a pilot project for other major fields in the country. ABK…
In February 2011, Maersk Oil's Gryphon FPSO suffered significant damage in heavy storms in the turbulent North Sea. After nearly 20 years of uninterrupted service, the FPSO had to leave the Gryphon field for the first time for repairs and upgrade…
Norwegian firms have chalked up yet another subsea first on the country's continental shelf. Just weeks after Statoil brought the Aasgard subsea gas compression project online, on 17 September, Statoil has announced it has now also started…
Norwegian offshore player Egersund Group recently set a new oil spill recovery record when its newly developed Marine Oil Spill (MOS) Sweeper system managed to recover 96.4% of oil released in a North Sea exercise. Image…
Halliburton's wireline and perforating business introduced the Reservoir Monitor Tool 3-Detector (RMT-3D) pulsed-neutron tool that helps solve for water, oil, and gas saturations within reservoirs using three independent measurements (Sigma…
Mexico’s National Hydrocarbons Commission (CNH) opened the first public tender process early this morning (15 July) in the country's historic and disappointing Round One that offered Mexico's upstream opportunities to international companies for the first time in decades…
Topaz Energy and Marine, a offshore support vessel company, has bolstered its emergency response and recovery vessel fleet with the addition of a new vessel, Topaz Responder. The newly-built, Topaz Responder will primarily provide…
Subsea engineering and training firm Jee has been awarded a contract from Amec Foster Wheeler for the front-end engineering design (FEED) of a jacket rigid polymer injection riser package (including J-tubes) as part of an enhanced oil recovery (EOR) field development for Chevron…
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