Oil & gas news

The study, supported by the Net Zero Technology Centre in Aberdeen, will cover the initial phase of a staged process to determine how retrofitted wells can reduce the carbon footprint of an operating platform.

The latest analysis from Westwood Global Energy Group has revealed that in spite of challenges due to COVID-19 and the accelerating energy transition, high impact oil and gas exploration drilling in 2021 maintained its momentum.

The company is focused on five key strategic priorities to sustainably grow shareholder value.

Welltec is now the largest shareholder of Isealate, and will be exclusive global partner to the innovative company based in Stavanger, Norway, providing patented patch-thru-patch technology.

Equinor has now transferred its participating interests in four Russian joint ventures to Rosneft and is released from all future commitments and obligations.

Equinor and Halten East partners Vår Energi, Spirit Energy and Petoro have decided to invest about NOK 9 billion in the development of the area neighbouring to the Åsgard field in the Norwegian Sea.

The new organic and biodegradable lubricant is a safe and efficient alternative to flammable or hazardous solvents and corrosion inhibitors used in umbilicals.

The company’s pumps are helping to optimise oil recovery while reducing greenhouse gas emissions in a project in the Middle East.

A report on the safety risk of working in confined spaces, developed by Professor Andrew Woods of the BP Institute at Cambridge University, indicates that many organisations in the oil & gas industries have been operating below the generally tolerable levels of safety risk.

At the start of Q1 2022, global oil and gas industry contract activity was stifled due to the Russia-Ukraine conflict, according to GlobalData.