Upstream news

With the industry’s newest approach to validating a completion design, Reveal Energy Services’ fracture maps quantify fracture half-length, height, asymmetry, and azimuth.

Diamond Offshore Drilling have extended the exclusive license for Trelleborg’s offshore operation to this patented technology until 2029.

Marketed utilisation rates would also rebound to 89% by 2020, surpassing rates seen during the heydays before the downturn.

Graham Mackrell, managing director of Harmonic Drive UK, looks at the technological challenges and how high precision gearing is being increasingly used to drill deeper.

As part of the agreement, Equinor will provide industry knowledge and business needs to support Microsoft in developing new solutions for the industry.

Lundin Petroleum AB has announced that its wholly owned subsidiary Lundin Norway AS has been awarded three exploration licences in the 24th licensing round in Norway. All of the licences are located in the southern Barents Sea with one of the licences operated by Lundin Norway.

The Norwegian Petroleum Directorate has granted A/S Norske Shell a drilling permit for well 6304/3-1, cf. Section 15 of the Resource Management Regulations.

Aker Solutions accelerates its digitalisation efforts by moving its internal SAP applications to SAP's cloud, aiming to improve operations and drive efficiency.

The US has added close to 50 billion bbls over the last year and now holds an estimated 310 billion bbls of recoverable oil with current technologies, equal to 79 years of US oil production at present output levels.

Akofs Offshore has been awarded a contract for light well intervention services using the Akofs Seafarer vessel for all Equinor-operated licences in the period 2020 to 2025.