On March 18, 2015, the UK government announced the most radical changes to the oil and gas tax regime since 1993, when Petroleum Revenue Tax (PRT) was abolished for new fields...
PeoplePetrobras has electedLuciano Galvão Coutinho as chairman of the board of directors. He succeedsGuido Mantega.Luiz Navarro has been appointed to the company's board. He replacesM...
Schlumberger has introduced the ACTive OptiFIRE coiled tubing selective perforating system, which permits real-time selective perforating and activation using fiber-optic telemetry...
Prosernat has expanded its range of process technologies through the acquisition of Germany's ITS Reaktortechnik. ITS owned a sulfur recovery technology developed by Linde in ...
Last December, Eiffage Construction Met- allique (ECM) completed hookup and commissioning of the new 7,000-metric ton (7,716-ton) OFQ living quarters for the Ofon Phase 2 project...
IFP Energies Nouvelles (IFPEN) is working on improvements to its Clip-Riser connector for deepwater drilling. The technology was first developed in the mid-1980s, with Creusot...
Total is taking remedial action at the Yadana gas field in the Andaman Sea offshore Myanmar to withstand future earthquakes in the Asia/Pacific region following studies performed...
Lyon-based NFM Technologies has delivered the Glen Lyon FPSO turret installation winch to SBM Offshore for BP's Quad 204 redevelopment project west of Shetland. The equipment ...
France's oil and gas engineering sector has a solid track record in technological innovation. Gérard Momplot, general manager of GEP-AFTP, explains how his association is helping...
On behalf of the Pipeline Repair and Subsea Intervention (PRSI) Pool in Norway, Statoil recently completed the development of a new pipeline repair technology. This new system...
As operators look to maximize recovery from existing fields, enhanced oil recovery (EOR) techniques are becoming increasingly important in mature offshore basins. BP has been ...
For as long as I can remember, FPSOs have been stuck with a bad reputation for running over on budget and often on schedule, even though billions of dollars continue to be invested...
Over the past few years, Technip has broadened its range of field development solutions, addressing the industry's pressing need to contain costs at the present time in order ...
Another revolution is in the works for offshore oil and gas production - one caused by a new semisubmersible production platform named after the home of the boisterous college...
While the application of FLNG in offshore projects is still relatively new, with only five dedicated projects having received a final investment decision (FID), global drivers...
The dramatic drop off in global oil and gas prices that started during the last quarter of 2014 has caused heartburn for those involved in the industry. What-if scenarios, long...
Perhaps the most fundamental tool of well drilling is the drill bit. With a sesquicentennial history, it would be easy to take bits for granted. After all, they are required for...
The last few years have seen a growing focus on the importance of shallow geohazard analysis offshore, with typical geohazards including shallow gas, abnormal pressure zones, ...
Exploration drilling is set to recommence this year in South Australia's Great Australian Bight with companies such as BP, Statoil, Chevron, Bight Petroleum, Santos, and Murphy...
The National Ocean Industries Association (NOIA) is the only national trade association representing every segment of the offshore energy exploration and production industry.
Each May, members of the offshore oil and natural gas industry gather in Houston for the Offshore Technology Conference to learn about the newest technology that enables our industry...
The rush and excitement of the bright and shiny booths and exhibits at the Offshore Technology Conference is a welcome respite from the daily machinations of Washington, DC, where...
The current down cycle in the oil and gas industry offers a period of time for many companies to reassess their portfolios. Many believe that capex growth will continue to be ...
Since 1864, Det Norske Veritas (DNV) has evolved from a Norwegian classification society into an international provider of classification and technical assurance along with software...
The potential of the offshore Arctic oil and gas market is substantial. While energy analyst Infield Systems suggests the region holds 136.6 Bboe in discovered offshore reserves...
Sub-Sahara Africa is expected to outpace Russia as a global gas supplier by 2040, encouraging European Union efforts to wean itself off its Russia gas reliance by investing in...
This year will see an industry first operating off the coast of Malaysia. Petronas places the targeted completion date for its floating liquefied natural gas project, PFLNG 1 ...
Brazil's forecast capex over the next five years on ultra-deepwater developments (1,499 m/4,917 m or 1,500 ft/16,132 ft) is expected to constitute 84% of the 2015-2019 offshore...
Despite the conflicts erupting in parts of the Middle East, offshore activity remains strong throughout the region, with various major ongoing or new development programs.
Norway's far north looks set to remain the hot-spot for frontier exploration offshore northwest Europe this year. During 2014, WesternGeco and PGS acquired an extensive 3D seismic...
E&P activity in the deepwater Gulf of Mexico is proving to be resilient in the face of a sharp decline in oil prices. Six new projects are expected to come online this year, which...
Almost every offshore pipeline will have multi-phase flow. Whether that flow is two or more phases, this will always mean measurement difficulties since all direct flow measurement...
Schlumberger has completed acquiring 2,750 sq km (1,062 sq mi) of two new full-azimuth multi-client seismic surveys over the Garden Banks and Green Canyon areas in the Gulf of...
This issue of Offshore includes the annual drill bit report. One might be tempted to ask, "Why bother, at a time when drilling is dramatically suppressed?"
The global offshore accommodation market has seen significant growth over the past five years, with persons on board (PoB) requirements increasing by 27% between 2009 and 2014...
The Department of the Interior's Bureau of Ocean Energy Management (BOEM) held an oil and gas lease sale for the Central Gulf of Mexico that drew $538,780,056 in high bids for...
Seaway Heavy Lifting's crane vessel Oleg Strashnov was due to install the world's first subsea wet gas compression system last month, at a location 15 km (9.3 mi) from the Gullfaks...
Venezuela and Trinidad and Tobago have sanctioned joint exploration for gas in the waters between the two countries, according to an AP report. However, Venezuela's government...
All deepwater fields are different and, thus, each requires a tailor-made development concept. Seems logical, right? As pressure mounts to reduce capital expenditures and project...