Total 2016 offshore discovered liquids resources reached only slightly below 2.3 billion bbl, 90% lower than in 2010, according to Norwegian consultancy Rystad. Furthermore, Rystad says total global discovered volumes (oil and gas combined) are their lowest since the 1940s…
The past year has undoubtedly been one of the toughest for the oil and gas industry in recent memory. As we enter 2017, we consider three key themes that could shape the industry over the year ahead. A North America-led oilfield services…
Total and Petrobras have agreed to work together on exploration and upstream technology, which will see Total become a partner on two pre-salt licenses in the Santos Basin. Image from Total. The licenses are the BMS-11 license…
As OE takes a look back on the year that was 2016, our website's most popular stories pretty much tell everything you need to know. It has been a depressing year for the industry with too many job cut announcements, rigs and vessel stacked (or sold)…
Petrobras has relaunched the bid process for its Libra Pilot floating production and storage offloading vessel (FPSO), following the cancelation of the previous bid process due to “an abnormally high price.” Image of Libra field operations…
Elaine Maslin surveys some of the firms creating new solutions for bonded thermoplastic composite pipes. Magma’s 2in jumper being put to the test at Oceaneering’s facility in Houston. Photo from Magma Global…
John Sheehan reports from French cables group Nexans’ technology round table, and finds how the firm is staying afloat during the downturn. Nexans’ Skagerrak installation vessel. Photo from Nexans…
Statoil and Petrobras have completed a deal seeing Statoil acquire Petrobras’ 66% operated interest in the BM-S-8 offshore license in Brazil’s Santos basin for US$2.5 billion. BM-S-8, which Statoil estimates holds 700 MMboe to 1.3 billion boe recoverable…
Offshore accommodation and workspace solutions specialist HB Rentals has secured contracts in excess of US$1.25 million for the manufacture of workshops, local equipment rooms and pressurized offshore service modules for multiple clients…
Sembcorp Marine subsidiary SMOP has awarded Dutch firm Framesa contract for the supply of two seawater electrochlorination systems, one wellhead control panel complete with a hydraulic power unit, and three hydraulic power units for topside and subsea valves…
Brazil’s Petrobras and France’s Total have entered into a strategic alliance for upstream and downstream activities in Brazil, that will expand internationally. Image of Pouyanné, from Total. Petrobras…
Jerry Lee speaks with Seadrill to discover how the firm prepared for drilling operations on the giant Libra field offshore Brazil. RGH (riser gas handling system) riser joint in the moonpool during running…
Sandvik presented its wide range of corrosion-resistant products including umbilical tubing, OCTG tubing, downhole control lines, hydraulic lines for drilling risers, tubing for sand screens, subsea piping material, welding products and slicklines…
After a thoroughly no good, very bad, couple of years for Brazil, the country is on the path to reform, and the first part starts with the country’s coveted pre-salt. Audrey Leon reports on what the opening means for the country and its state-owned oil company…
Petroleo Brasileiro (Petrobras) is once again decreasing its capex by 25%, the company revealed as part of its 2017-2021 business and management plan today (20 September). Libra operations. Image from Petrobras…
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