China's national offshore producer CNOOC Ltd expects its major deepwater gas field Lingshui 17-2 in the South China Sea to start its first gas production at the end of 2021, a company executive said on Tuesday.Chinese state-run energy producers…
American upstream oil company Kosmos Energy reported that the Yakaar-2 appraisal well offshore Senegal has confirmed a world-scale natural gas resource in the BP-ledYakaar-Teranga gas project.The Yakaar-2 appraisal well was drilled in approximately 2…
Underwater inspection provider Welaptega has used its optical chain measurement system (CMS), complete with new automated edge tracking software, to execute a subsea mooring inspection campaign for BP offshore Angola. The project saw Welaptega…
Malaysia's state-owned energy firm Petroliam Nasional Bhd reported an 8% increase in second-quarter profit on Friday because of a weaker Malaysian ringgit, though that was partially offset by higher product costs.Petronas, as the company is known…
Through artificial intelligence and machine learning, oil companies can monitor production stream quality in real time to optimize the value per barrel.“The industry is now recognizing the importance of product quality,” says Paul Oates, US business development director for Validere…
Chevron has sanctioned a project to increase recovery in the St. Malo field, as the US based supermajor looks to maximize existing resources in the Gulf of Mexico.The waterflood project is Chevron’s first in the deepwater Wilcox trend and is…
Japan's Mitsui & Co has put its 40% stake in the BassGas project off southeastern Australia up for sale, the company said on Thursday.Mitsui's stake in the BassGas project, which includes the undeveloped Trefoil gas project, could be worth about A$360 million ($244 million)…
One of the missing links for some fully subsea production systems has been subsea storage, either for production fluids, later periodic offtake or production chemicals.NOV has been working on a gravity-based subsea storage unit (SSU), based on a design initially developed by Kongsberg…
The newbuild P-68 floating production, storage and offloading vessel (FPSO) has left the shipyard and will be deployed to the ultra-deepwater Berbigão and Sururu fields in Brazil’s Santos Basin, builder Sembcorp Marine announced.The vessel was…
Egypt's Baltim South West offshore gas field backed by BP and Eni has started production of 100 million cubic feet of gas a day, the oil ministry said on Tuesday.Output will rise to 500 million cubic feet of gas by the second quarter of 2020 when five wells are expected to be online…
As war gives oil a jolt, BW Offshore — which earned revenues of $870 million in 2018 — is readying floating production storage and offloading vessel (FPSO) candidates for Brazil and the North Sea, just as its about-to-be-strengthened other half…
Norwegian energy company Equinor said it has started production from the Utgard gas and condensate field, spanning the Norwegian-UK border in the North Sea. Recoverable resources are estimated at around 40 million barrels of oil equivalent (boe) and daily production on plateau will be around 43…
Offshore oil and gas is among the many industries in the midst of a vast technological shift being driven by rapid advances in new digital technologies and methodologies. Big data, artificial intelligence (AI), digitalization . . . The list goes on and on…
ClampOn provides non-invasive ultrasonic sensors for sand and particle monitoring, pig detection, corrosion-erosion monitoring, leak monitoring and vibration monitoring.
Norwegian authorities have given consent to operator Equinor to extend production from the Tordis field in the North Sea.Equinor, which had applied for consent to extend the operating life of the facilities on the Tordis field, is now approved to use of the facilities through 2036…