Upstream news
New Postle Industries product extends usage of work string tubulars
The Tube-Weld 110 can restore work string connections damaged by wear.
Aquaterra Energy scores hat trick of safety milestones
The company has surpassed 1500 days, more than four years, without a lost time injury at any of its global operations and offices, fabrication sites, warehouses and workshops.
TGS and Schlumberger announce new 2D multiclient project in Egyptian Red Sea
The project will comprise acquisition of a 10 000 km 2D long-offset broadband multiclient seismic survey. Advanced new acquisition and imaging techniques will provide better illumination of complex subsalt structures.
TechnipFMC awarded contract for the Statoil Snorre Expansion Project in the North Sea
The Snorre Expansion contract covers the delivery of subsea production systems and includes 6 subsea templates and subsea production equipment.
2017: all-time low for discovered resources
Rystad Energy has concluded that 2017 was yet another record low year for discovered conventional volumes globally. Less than seven billion boe were discovered YTD.
JX Nippon to develop and produce oil and gas from Beryl Gas Field, offshore Sarawak, Malaysia
Beryl, an already discovered but undeveloped gas field, lies in the shallower zone in the same location as the underlying Helang Gas Field (“Helang”) and Layang Oil and Gas Field (“Layang”) in Block SK10, Offshore Sarawak.
SBM Offshore completes US$720 million financing of Liza
SBM Offshore has announced that on December 19, 2017 it completed the project financing of FPSO Liza for a total of US$720 million.
Fluenta launches new ultrasonic flow transducers
Fluenta has announced the launch of its new range of ultrasonic flow transducers. The two new transducers enable ultrasonic measurement of gas flow in highly challenging environments.
Global Marine Group announces new business unit 'Global Offshore' to serve O&G sector
Global Offshore will focus the staff, vessels and subsea equipment needed to meet the demands of oil & gas companies operating around the world.
Funding boost helps ROVOP bolster ROV fleet by 50% and supports future business growth
ROVOP Limited, an independent operator of underwater remotely operated vehicles (ROVs), is to immediately increase its fleet by 50% to meet ongoing customer demand following a funding boost of £56 million.