Oil & gas news

The system has a full subsea power supply, transmission and distribution system that further advances the development of hydrocarbon processing on the seabed.

The contract, for 3D multi-client FTG data acquisition, processing and interpretative services, will cover approximately 198 900 square kilometres.

Bankers Petroleum has announced it has signed a domestic crude oil sales contract with Ionian Refining and Trading Co.

Director General of the Norwegian Petroleum Directorate (NPD), Bente Nyland, announced at the ONS 2016 that the Åsgard licence was awarded the NPD’s prize for improved oil recovery (IOR) for their Åsgard subsea gas compression effort.

Rystad Energy observes 120 000 bpd higher output in August 2016 compared to EIA’s latest August 2016 STEO.

Norwegian-based multinational Fjords Processing will deliver risk based approach environmental impact studies for Shell UK.

The specification for in-service verification supports the global oil and gas industry to cut costs while maintaining safety and environmental performance levels.

FAR Ltd has announced that following the successful results of the 2015/2016 appraisal programme of the SNE oilfield offshore Senegal in West Africa, the Minimum Economic Field Size for a commercial development has been achieved.

Bob Donnelly, MD, Return To Scene Ltd., looks at what innovators can do to speed up the R&D cycle and reduce ‘time to market’.

Statoil is working on obtaining approval from partners and authorities for an exploration campaign in 2017 covering between five and seven wells in the Barents Sea.