The new agreement reflects a strategic collaboration between ABB and BP, with ABB committed to delivering innovation, substantial savings, improved scheduling and lower risk as a valued long-term partner.
The center deploys the latest mechanical engineering expertise to build more durable motors that drill faster and allow for longer runs with a higher rate of penetration.
Results for the year ended 31st October 2018 with an EBITDA of US$57.6 million (£42.9 million), a 29% increase on 2017.
International energy consultancy Xodus Group has expanded its decommissioning offering with the appointment of its first well decommissioning manager.
After activity levels fell to only 240 subsea trees installed globally in 2017 – the lowest level since the turn of the century – Rystad Energy forecasts that over 350 subsea trees will be installed per year by 2021.
The Aberdeen based firm advises international oil companies to consult early with suppliers to prevent lead times lengthening.
The Angolan government has introduced a series of reforms to the upstream sector over the past year, however the rebound of the deepwater sector in Africa’s second largest oil producer still needs time, according to GlobalData.
The survey reveals digital transformation is fuelling operational excellence (OE), but many companies are still trying to figure out what digital means for them
In this role, Kuhrt will be responsible for leading the global human resources team, with an emphasis on employee engagement and development, diversity and inclusion, and enhancing HR systems and processes.
NSE has worked closely with ICIS to design a robust system that brings international best practice to help customers in India to access global crude markets.
Akselos has secured funding from technology accelerator, the Oil and Gas Technology Centre (The OGTC), to advance research and development in to digital twin technology for the oil and gas industry.
The organisation, which employs 41 members of staff, took on the new employees as part of a significant investment programme in people and equipment, after it successfully secured and executed 28 contracts in 2018.
The company has provided an update on operations at its Balcombe, Brockham and Lidsey oil and gas assets.
Australasia and Indian subcontinent most attractive in the region for investors.
The company is aiming to improve asset performance for operators through a new approach to well diagnostics.