In 2018, North Sea oilfields recorded 307 individual months of no production in the year to September; in the same period last year, that figure had reduced to just 248, according to the Glacier Production Index.
Darren Rendall and Marc Petty join the Aberdeen-based mooring services provider as Technical Director and Marine Manager, respectively.
Halfwave is currently active in the field of subsea inspection and pipeline inline inspection (ILI).
The company has commenced another survey in northern Senegal, following the completion of another in the south of the country.
The partnership will aim to fast-track innovation and streamline the adoption of applied technologies in areas such as marine robotics, advanced sensing, artificial intelligence and autonomous systems.
The subsea equipment manufacturer is investing in a new £3.5 million, 48 000 ft2 assembly and test facility near its Gateshead headquarters in the UK, expecting to create another 30 posts.
Upstream PS has safely remobilised personnel to the FPSO and is proceeding under an initial short-term contract to provide services on commercial terms, in a non-production environment.
The work scope encompasses offshore packages at Arzanah island and surrounding offshore fields, located around 140 km off the north-west coast of the Emirate of Abu Dhabi.
IKM Production Technology UK has been awarded a 12-month contract to support CNOOC Petroleum Europe with the provision of slops treatment services.
Global oil firms are preparing to spend more than US$53 billion in Guyana’s coveted Stabroek Block during the coming decade, Rystad Energy research shows.
The existing US$50 million bank delivery financing for the rig will be replaced with a new US$100 million take out facility maturing in 31 December 2021.
Faithful+Gould and Atkins have been awarded the pre-final investment decision upstream facilities and shared project management team services for the Zama development project from Talos Energy Inc.
A report by the data and analytics company reveals that Guyana, Mauritania and Russia hosted the most significant finds of 2019.
The discovery in the Sureste Basin may contain between 200 and 300 million bbl of oil in place.
Mudlogging and LWD logging results from the Primary targets in the Tumbes Formation indicated that the Marina-1 well encountered thin water bearing sands with no oil and only minor gas shows.