Oil & gas news

The results of Wood Mackenzie’s eleventh annual exploration survey have been released.

The inspection technology digitises inspection workflows by leveraging automation, overhauling the current paper-based and outdated manual process.

Eigen has rolled out a new safety barrier management solution for the Lundin operated Edvard Greig platform.

The presence of gas clouds has been used as an effective exploration tool in prolific basins worldwide, contributing to the discovery of significant amounts of oil.

The company recorded revenue of US$147.2 million and Adjusted EBITDA of US$49.4 million in 1Q19.

Talon now holds 100% interests in EnCounter’s exploration licences in the UK North Sea.

“Our strategic collaboration with Google Cloud enables Schlumberger and our customers to take advantage of the latest digital technologies to unlock the value in all data for making critical business decisions,” said Hinda Gharbi, Executive Vice President, Schlumberger Reservoir & Infrastructure.

The contract entails engineering, procurement, construction and installation of subsea risers and flowlines for the first phase of the Sepia field, offshore Rio de Janerio.

The study, targeting deepwater offshore and subsea well applications, is sponsored and funded by the Nippon Foundation - DeepStar Joint Ocean Innovation programme and supported by Chevron, Shell, Petrobras and Equinor.

The new discovery, in Block 15/06, is estimated to contain up to 250 million bbls of light oil in place.