Kristian Siem was early in his career when in 1978, with the market at rock bottom, he formed an investment group to take a punt on a rig. Now 65, the founder and chairman of Siem Industries, and chairman of Subsea 7 and Siem Capital, as well as director of a host of other companies…
Heather Saucier examines the effect of regional energy policies on Latin America’s rich untapped resources, estimated to be some 126 billion bo and 679 Tcf of natural gas, a large majority of which is offshore. Piñon…
Unique fields deserve equally unique intervention solutions when production begins to wane, this was the challenge Stone Energy had to meet when it contracted Cross Group to develop new methodology and technology for its Pompano subsea production template…
Sir Ian’s Wood Report, published last year, identified technology as an integral component to ensuring the success of maximizing the economic recovery of the UK Continental Shelf (MER UK). As the Wood Report states, new field discoveries…
Delegates at the Technology Showcase in Aberdeen today (4 March) heard about millions of pounds of funding that is available for new innovations through two funds. Innovate UK’s funding competition for cleaner, more efficient conventional fuels…
Industry backing has been given to two projects, helping to develop seismic imaging and tropical storm prediction technologies. ITF CEO O'Brien. From ITF. Through the Industry Technology Facilitator (ITF)…
Repsol’s Director for Exploration and Production Technology Santiago Quesada discusses the company’s partnership with IBM aimed at developing cognitive technologies for better decision-making. As demand for oil and gas increases and oil plays mature…
Is the oil industry good at lessons learned but not at learning lessons? – asks Jan-Erik Nordtvedt, SPE Intelligent Energy program committee chair 2014 and President and CEO, Epsis Almost a year has passed since the SPE Intelligent Energy 2014 conference…
Getting engineering back to basics isn’t just about standardization anymore. Industry executives at the annual GE Oil & Gas summit in Florence advocated for simplicity in order to keep costs low and get projects done right. Elaine Maslin reports…
Automation on the drillfloor has been slow to take off – but it is coming as advances in enabling technologies are made. Elaine Maslin looks at work ongoing in the field. Automation on the drillfloor has been slow to take off – but it’s coming and there will be no going back…
LR Senergy has updated its formation evaluation and well data interpretation tool, IP v4.3, featuring enhancements to key workflows plus advanced and new technologies that make IP v4.3 a well data interpretation package for multi-user…
Scottish tidal turbine developer Nautricity secured a grid connected tidal test berth at the European Marine Energy Centre (EMEC), following successful sea trials at EMEC’s non-grid connected site last year. In 2014, Nautricity tested…
Heriot-Watt University in Edinburgh, Scotland, is setting up a new center for energy economics research and policy with funding of US$1.9 million over three years from BP. The center will be involved primarily in providing the detailed…
Ikon Science is launching Ji-Fi (joint impedance and facies inversion), a process that delivers a most accurate and detailed 3D model of complex reservoirs comprising different seismic facies, including shale, brine-filled sand, oil-bearing sand and gas-bearing sand…
Electromagnetic Geoservices ASA (EMGS) will receive uplift revenues of US$2.5 million related to the licensing round for mature areas on the Norwegian continental shelf - Awards in Predefined Areas (APA). EMGS's multi-client data library in Norway now covers 44…