Weatherford International has completed the acquisition of completion tools specialist Petrowell. The two companies have been aligned in a global partnership to develop and commercialize ‘game-changing technologies’ since 2008.
The WGP Group has signed a new joint venture agreement with P-Cable 3D Seismic for the commercialisation of its new, patented High Resolution 3D seismic technology. The JV will trade as WGP Survey.
The concrete gravity-base structure for Russia's Arkutun-Dagi field, part of the Exxon Neftegas-operated Sakhalin-1 development, was installed offshore northeast Sakhalin last month. Water depths in the area are around 35m. Construction of the…
Wison Offshore & Marine, Exmar and longtime LNG consulting and engineering firm Black & Veatch have teamed up on what the companies promise will be the first floating LNG liquefaction, regasification and storage unit (FLRSU), to be installed 3km offshore Colombia…
Andrew McBarnet offers this kaleidoscope of impressions from a major gathering of the geoscience community.At the end of any big industry event like last month's annual conference and exhibition of the European Association of Geoscientists & Engineers (EAGE) in Copenhagen…
Maintaining a flowline that will operate smoothly following a shutdown means addressing a host of flow assurance challenges. The industry has typically approached the flow assurance question through chemical and mechanical means. Jennifer Pallanich…
Open markets can be a powerful ally for a world seeking to manage short-term disruptions to energy supply and meet long-term demand, BP group chief executive Bob Dudley declared at the June launch of the BP Statistical Review of World Energy…
The 'digital oilfield' has been talked about for decades, been in practice for several years, but has not yet become a complete reality. despite its early promise, one issue that has consistently impeded the digital oilfield is the management…
The US oil & gas industry grew across several categories in 2011, including a 38% increase in exploration and development spending, according to new analysis from Ernst & Young. Russell McCulley reports.While total capital expenditures among…
With the 2012 Atlantic hurricane season well under way, Weather Research Center's Jill Haslings discusses key learnings from the super storms of the past decade and how the Freeman/Hasling Damage Potential Scale can help the oil industry better understand the threat from the Gulf hurricanes to come…
OE's analysis of current rig market data is updated monthly using statistics provided by Rigzone.comUtilization for the worldwide competitive mobile offshore drilling unit (MODU) fleet remains steady at 86%.Although demand for all rig types has grown by 57 rigs over the last twelve months…
Drilling and completing the Dutch North Sea's first intelligent auto-gas lift tri-lateral subsea oil and gas well helped transform the highly marginal Van Ghent discovery into an economically robust development. Dana Petroleum Netherlands's Michiel van der Most…
Subsea thermal insulation has an important role to play in ensuring the smooth running of offshore facilities as the industry moves into deeper waters and fluids get warmer. Trelleborg Offshore's Grethe Hartviksen argues that innovative synthetic…
Regulatory enhancements prompted by the macondo disaster now require operators to submit a worst-case discharge (WCd) scenario report prior to obtaining a drilling permit in US offshore fields. How to model WCd for offshore wells in compliance…
Proserv unveiled a next-generation subsea cutting tool said to provide complete well severance and significantly reduce in-well operational time. The enhanced Multi-String Cutting (MSC) tool is a customisable internal multi-string conductor…
