Offshore & subsea

Proserv has been commissioned by Independent Oil and Gas (IOG) to provide a complete subsea controls system for IOG’s Core project phase 1 development.

In the second part of this two-part article, Svein Strømberg, Baker Hughes, considers the role of new digital technologies in the development of tie-back technology.

A total of 57 marginal oilfields, located onshore and in shallow offshore areas, are on offer.

Seadrill has said it will delist from the New York Stock Exchange and maintain a single listing on the Oslo Stock Exchange.

The sale is in line with the company's decision to focus its resources increasingly on deep and ultra-deep waters.

In the first part of a two-part article, Svein Strømberg, Baker Hughes, explores how investment emphasis in subsea projects has shifted from high-profile standalone developments to exploitation of existing discoveries.

The Lebanese Petroleum Administration said the decision was made as a result of the Covid-19 pandemic and the fall in oil prices.

Turkey may begin oil exploration in the eastern Mediterranean within three or four months under a deal it signed with Libya.

The contract is for the development and management of five wells in the Southwark, Blythe and Elgood gas fields in the UK Southern North Sea.

Optime Subsea's ROCS technology reduces completion time and cost by removing umbilical controlled tubing hanger operations.

Norway's Petroleum Safety Authority has given Neptune Energy consent to use the facility for production drilling for a period of 240 days.

Covid-19-related disruption at Aker Solutions' yard in Egersund, Norway, where the Maersk Inspirer rig for the Yme project is undergoing an upgrade, has led OKEA to warn of a potential delay to first oil from the Yme field until the first half of 2021.

The company's permit for the Beehive prospect has been extended by 12 months to 21 December 2021.

Petrofac has secured a further six-month contract extension with Basra Oil Company for its long-standing Iraq Crude Oil Export Expansion Project.

Applied Petroleum Technology has identified Lower Jurassic source rocks and a genetically related set of oil show in the Southern Grand Banks.