Exploration

Cognitive Interpretation is to be used to make informed decisions when drilling wells and producing oil and gas.

A few recent appointments in the upstream oil and gas industry including news from Total, TGS, Ceona, AFGlobal, FairfieldNodal, Sparrows Group, Wellesley Petroleum, Statoil, IWCF and Flotek.

Data processing will be performed by TGS using its proven proprietary broadband technology.

Software designed to enable geoscience in a ~US$50/bbl market.

ITC Global has outfitted Shelf Drilling rigs with a fully managed communications system.

Upstream oil and gas deals activity, including capital markets and mergers and acquisitions (M&A), totalled US$23.5 billion from 114 transactions in May 2015, says GlobalData.

BG Group and Shell confirm that they are underway with relevant anti-trust and regulatory filing processes.

Since 2013, Statoil has been making reductions across its workforce and it plans to continue doing so in the near future.

The American Petroleum Institute (API) has encouraged Congress and regulators to prioritise Arctic offshore oil and natural gas development.

Emerson Process Management has enhanced its reservoir modelling software to help operators maximise value of reservoir assets.

The initial period of the exploration stage has been extended to January 2017

Statoil and the PL602 partners have made an important gas discovery in the Aasta Hansteen area.

Migris now offers a hydrocarbon charge study that assesses the 23 round blocks in the Hoop area.

Rystad Energy’s latest research indicates that 88 units within the floater market will have to be taken out between 2015 and 2017, making it the largest ever retirement cycle in the history of offshore drilling.

Gobbler Boats’ Offshore 290 has been fitted with a Dometic Turbo air-conditioning unit and a Dometic Breathe Easy Air Purifier, making a safe vessel for its crew.