Oil & gas news
ITF-facilitated JIP enters trial phase to provide clearer understanding of subsea faults
A new technology system designed to address a common problem in the subsea industry is undergoing a shallow water trial at Portishead Quays marina.
Thordon Bearings sums it up
Thordon Bearings has developed a bespoke modelling tool capable of calculating the amount of operational oil prevented from leaking into the world’s oceans with each installation of a seawater-lubricated propeller shaft bearing.
TGS reports Q1 2016 earnings
The company has also announced its intent to maintain quarterly dividend of US$0.15 per share in Q2 2016.
Aqualis Offshore and CSDC join forces
The companies have signed an agreement to co-operate on engineering projects both in China and internationally.
EIA: expected drop in Lower 48 oil production offset by rising GoM output
Sharp decline in oil prices since the fourth quarter of 2014 has had a significant effect on drilling in the US.
MAC wins five-year Maersk Oil deal
MAC will provide a wide range of marine assurance and warranty services.
Bureau Veritas publishes guidelines for offshore access systems
The guidelines provide a clear overview of the safety principles and technical requirements for the design of dependable equipment for the safe transfer of personnel at sea.
Oil prices expected to be on the road to recovery through 2017
Positive predictions from Stratas Advisors’ Short Term Price Outlook offer hope during a period of turmoil for the oil and gas industry.
Total presents new business action plan
Total’s ambition is to meet the energy needs of a growing world population, tackle climate change and provide solutions that match changing customer expectations.
ExxonMobil starts production at Julia oilfield in the Gulf of Mexico
The first production well is now online and a second well will start production in the coming weeks.