Oil & gas news

The Probabilistic Digital Twin concept was unveiled at Offshore Europe 2019 this week.

The Annie gas discovery is the first by an offshore well in the Otway Basin, offshore Victoria, Australia, in 11 years.

The consortium’s workscope consists of engineering, procurement, construction and installation for a total of 28 jackets.

The agreement is non-exclusive and establishes the general legal framework and specific terms in relation to the engineering, procurement, construction and installation work regarding potential future contracts relating to leased FPSOs.

After reaching plateau for the first phase of the Johan Sverdrup development, expected during the summer of 2020, Equinor expects operating costs below US$2 per barrel.

The new and renewed awards have resulted in over 100 additional personnel being employed to support projects in the North Sea and Azerbaijan.

The work will be delivered by Wood’s Aberdeen-based operations and engineering teams, with construction and maintenance operatives working offshore.

Adam Weinstein, Validere, argues that the contamination of oil in the Druzhba pipeline earlier this year hints at an industry wide problem, and suggests that the answer lies in the Industrial Internet of Things and artificial intelligence.

The company has also appointed a new chairman to replace Jock Lennox, who will step down from his position at the end of September.

The company has received a firm Letter of Award for the high-specification jack-up drilling unit Energy Emerger.