Total spending for upstream oil & gas will hit nearly $1.3 trillion this year, led by a robust North American market, according to a new report by IHS.Driven by strong oil prices and the North American unconventional gas boom, global upstream…
With heavy oil today representing around 70% of the world’s confirmed oil reserves, extraction of the heavier crudes is growing rapidly and there is an increasing need for flow measurement of high viscosity hydrocarbons. NEL's Chris Mills reviews the technological challenges ahead…
Having secured agreements to provide subsea and topsides equipment for Shell's massive Prelude floating LNG development, FMC Technologies recently revealed details of the FLNG unit's offshore loading arm systems. In Houston, Russell McCulley discusses the technology with FMC's Laurent Poidevin…
The potential of floating liquefied natural gas (FLNG) developments as an energy sector game changer is discussed here by MSC Kenny's Paul Jukes and Wood Group Mustang's Bryan Trocquet.According to the US Energy Information Administration (EIA)…
Deepwater discharge of major offshore structures and dry-docking FPSOs while still attached to their turret moorings are among the more exotic possibilities now under serious consideration for the huge, bowless marine transport vessel Dockwise is building in Korea…
Technology is a key enabler for Shell, Matthias Bichsel, director of the supermajor’s Projects & Technology business, told a two-day briefing at the Rijswijk technology centre in The Hague this spring. Meg Chesshyre joined the tour of the company’s iScope…
With the basin-opening Jubilee field and other oil and natural gas condensate discoveries, Kosmos Energy and its partners have placed Ghana on the deepwater oil & gas map. The company is now franchising its exploration strategy and aims to open…
FMC Technologies is the recipient of two ‘Spotlight on New Technology’ at the OTC 2012 show in Houston. The awards, which acknowledge innovative technologies that significantly impact offshore exploration and production, are for the Pazflor…
Staffing shortages are creating project delays at a majority of large oil & gas companies, according to new data released by management consultancy Schlumberger Business Consulting.The much-discussed ‘big crew change' – the retirement of geoscientists…
National Oilwell Varco is looking to establish a major foothold in the flexible pipe business with the acquisition of Danish manufacturer NKT Flexibles, a joint venture between NKT Holding and Subsea 7 since 1999.The $670 million deal, announced early February…
Mexico’s state oil company plans to ramp up domestic production of crude oil to 2.7 million b/d next year and to 3 million b/d by 2017, buoyed by new shallow-water discoveries and enhanced recovery techniques in mature fields, a key member of…
The integrated energy services and production management divisions of Petrofac and Schlumberger, respectively, have signed a co-operation agreement under which they will establish a working relationship to deliver integrated and high-value production…
Fifty-six i-FRAC sleeves were opened with three balls on the Norwegian shelf.Well technology company i-TEC has developed an innovative lower completion ball drop sleeve system which it claims can bring wells in tight formations online much more quickly than other methods…
As gas wells mature and the produced gas becomes less able to carry water from the well, a decline in flow rate and production to rates below the anticipated decline curve often results. Bert Lugtmeier and Kees Veeken from Dutch operator NAM…
Combining Alternate Path shunt tube technology with concentric sandface completion systems is improving operational efficiency and economics while bringing new life to old offshore wells in Malaysian waters. Here, Schlumberger's Shahryar Saebi and Sergey…