OPEC+ will need to stay 700,000 b/d below its agreed targets of 31.8 MMb/d through 2019 to bring a recovery in Brent prices to the $70 level, according to analyst Rystad Energy...
CGG has worked in Africa for more than 85 years. From the first surveys in Gabon and Tunisia in the early 1930s, to today’s massive offshore 3D multi-client surveys, the company...
A new offshore is taking shape. Offshore oil and gas exploration and production activity appears to be on pace for steady, incremental growth for the foreseeable future as operators...
Digitalization has emerged as a powerful lever for helping oil and gas operators reduce costs and improve efficiencies amid the low-price environment. This is particularly the...
In the industry’s quest to maintain profitable oil and gas developments, adopting an integrated supplier-led solution (SLS) is becoming a key component. It introduces opportunities...
Designing a pipe and connection for the highly critical workover/completion/landing riser harsh environment involves satisfying both difficult service conditions and stringent...
Zupt LLC recently completed its latest remote metrology in the Gulf of Mexico. According to the company, the timeline of the latest job was different than previous operations ...
Well delivery may be the mother of all exploration processes. Since Colonel Drake’s first commercial oil well in Pennsylvania 150 years ago, drilling has been one of the most ...
Chains and connectors for mooring systems are not ‘standard’ products. Operational issues vary widely depending on the offshore location and the design must take varying factors...
AviSight has recently unveiled its proprietary C3UBE Command Center. This mobile command center enables unmanned Beyond Visual Line of Sight (BVLOS) data collection and near real...
Clock Spring Company, Inc., has expanded its product line with the introduction of the patented Full Metal Gasket, which it says delivers a permanent, zero-emissions, non-leaking...
Oilfield equipment providers and downhole service firms are raising the bar for managed pressure drilling (MPD) technologies and systems. These new technologies will be of considerable...
Recent analysis of sea surface oil slicks and new 2D seismic data suggest the elements are in place for a major offshore oil play in the Mozambique Channel and East Zambezi basin...
Over the years, the offshore and marine industry has witnessed multiple crane incidents and dropped loads due to two-block collisions. To address this problem, Keppel LeTourneau...
The outlook for deepwater drilling in the Gulf of Mexico has been slowly improving over the past year. The number of drilling rigs in the Gulf is up by four, from 19 to 23, compared...
Six East Coast states – Massachusetts, New York, New Jersey, Rhode Island, Connecticut and Maryland – are proceeding with firm plans for almost 10 GW of OSW by 2030. Analysis ...
The floating production market outlook continues to strengthen, making this the third year in a row that more than 50% of survey respondents expressed positive sentiment (somewhat...
What a wild ride it has been. In our view, major industry changes were needed – collaboration, cooperation, and standardization to name a few. And customers have awoken to the...
The offshore industry weathered the storm of low oil prices by cutting costs and sanctioning fit-for-purpose scopes. Now with the worst of the downturn behind, the industry appears...
The BP-led Shah Deniz consortium started up the Shah Deniz Stage 2 project in the Azeri sector of the Caspian Sea on June 30, 2018. The $28-billion project is the first subsea...
As the oil and gas industry increasingly prioritizes digital innovation, many operators have yet to fully embrace asset integrity data as a means to drive decision making, optimize...
Equinor and its partners commissioned the world’s largest spar platform, and the first to feature production/storage of condensate, for the deepwater Aasta Hansteen development...
Shell has demonstrated what is possible in terms of lower costs and reduced cycle times with its Kaikias project in the deepwater Gulf of Mexico. In May, the company announced...
The US Department of Interior and the Bureau of Ocean Energy Management (BOEM) completed what it described as the nation’s eighth and highest grossing competitive lease sale for...
Rystad Energy forecasts $210 billion expenditure globally on offshore oilfield services in 2019, as 100 new projects potentially go forward. This follows four consecutive years...
Saipem has contracted Damen Verolme Rotterdam to upgrade the Saipem 7000’s DP-3 system. DEME’s offshore installation vessel Orion was successfully launched at the COSCO Qidong...
Woodside Energy and its partners have awarded the subsea FEED contract for Phase 1 of the SNE oil field development offshore Senegal to the Subsea Integration Alliance. Siemens...
Next year is shaping up to be a good one in the US Gulf of Mexico, with the first increase in drilling in four years, first-ever production from a Jurassic play, key new project...
Recovery for the offshore world has been slow, inconsistent, uneven and long awaited. If slow and steady wins the race, 2018 pointed to an upsurge in offshore activity in 2019...