Statoil is establishing a digital center of excellence and launching a roadmap with seven specific programs for digitalization in the company towards 2020. Digitalization will help improve the safety, security and efficiency of Statoil operations…
The Norwegian Petroleum Directorate (NPD) has signed framework agreements with 11 supplier firms representing various technology areas to ensure sufficient capacity to be an even better champion for developing new fields and improving recovery from producing fields…
NXT Energy Solutions has started work on the first-ever Stress Field Detection (SFD) Multi-Client Survey in the Gulf of Mexico. NXT’s patented SFD Technology has been approved by the Comisión Nacional de Hidrocarburos, (CNH), for work credits by exploration companies in Mexico…
Gulf of Mexico operators BP and Murphy Oil sing the praises of a new below US$50/bbl breakeven world at this year’s OTC Houston. Audrey Leon reports. Image of Morrison presenting at OTC. Images from OTC…
ABS, a provider of classification and technical services to the marine and offshore industries, signed an agreement with Daewoo Shipbuilding and Marine Engineering Co. (DSME) to support safety and apply class guidance to a conceptual floating liquefied natural gas (FLNG) unit…
Siemens will deliver advanced digital solutions for Aker BP’s future field development projects as part of a long-term partnership between the two companies focused on the design, supply and installation of electrical, instrumentation, control…
Gall Thomson, a provider of marine breakaway coupling (MBC) technology, has developed an enhanced version of its Petal Valve MBC for the offshore hydrocarbon transfer market. Petal17 is 20% lighter than the mean average weight of its…
Schlumberger (SLB) has released their new SpectraSphere fluid mapping-while-drilling service at the 2017 Offshore Technology Conference in Houston, Texas. The service delivers downhole fluid composition during drilling with real-time pressure measurements-while-drilling…
Traditional risk management practices involve operators navigating large static risk reports, in addition to handling massive amounts of data, with a limited timeframe to make risk informed decisions during operations. DNV GL has released…
Xvision Software has developed FieldAP, a 100% cloud-based technology for the energy industry providing offshore project managers with an online tool for visual field development, digital planning and cost containment. According to Xvision…
Darktrace, a provider of Enterprise and Industrial Immune System technology, and Siemens, a global engineering and technology provider, have entered into a strategic partnership to bring cyber defense for operational technology (OT) to the oil and gas industry and electric utilities…
Baker Hughes (BHI) has introduced its DEEPFRAC deepwater multistage fracturing service, which aims to save operators hundreds of millions of dollars in offshore developments through efficiency gains across the completion phase. Using multiposition sleeves and patented flowback control technology…
Offshore Technical Compliance (OTC), a provider of compliance related services, has acquired Northwest Technical Solutions (NWTS) as a wholly-owned subsidiary, extending the efficiency and reach of its offshore services. The acquisition of NWTS…
Weatherford International (WFT) has released the RipTide RFID drilling reamer that incorporates advanced cutter technology at the 2017 Offshore Technology Conference. The RipTide RFID drilling reamer is a proven tool that has been deployed in deepwater fields throughout the world…
Lloyd’s Register (LR), a global provider of engineering and technology-centric professional services, has launched its Virtual Reality (VR) Safety Simulator at the Offshore Technology Conference 2017 in Houston, Texas, to help further support…