Oil & gas news
Lloyd’s Register and Aker Solutions to collaborate
New global framework agreement designed to drive efficiency in engineering and subsea O&G projects.
Paradigm extends high-definition workflows in new release
The software is designed to help users resolve stratigraphic details and recover the subsurface features that control hydrocarbon accumulation and recovery.
Fall in 2015 average annual natural gas spot price
Natural gas spot prices in 2015 at the Henry Hub in Louisiana averaged US$2.61/million Btu, the lowest annual average level since 1999.
ISS expands Chembulk agreement into South America and Asia
ISS to handle additional 150 port calls for Chembulk Tankers per year.
Prosafe: Marine project re-phasing agreed
Prosafe and Statoil Ltd have agreed to re-phase the Mariner Project in the UK Continental Shelf of the North Sea from 2016 into 2017.
ABB delivers X-Wave compensation system
World’s first self-learning motion compensation system promises to speed up install and commissioning.
AWE approves first stage Waitsia gas field development
AWE and Origin Energy have achieved FID for Stage 1A of the Waitsia gas field project in the onshore Perth Basin, Western Australia.
Supercomputers in the oil and gas landscape
Bert Beals, Global Head of Energy at Cray Inc., discusses the role of supercomputers in the changing oil and gas landscape.
Milestone Environmental Services acquires Smiley facility
Milestone Environmental Services LLC has announced that it has acquired an oilfield waste facility near Smiley, Texas, US.
Statoil awarding contracts for insulation, scaffolding and surface treatment
Two long term contracts with an estimated value of NOK 11 billion.