As offshore operators seek to increase hydrocarbon recovery from existing reservoirs, the need also increases for systems capable of performing well intervention services on subsea wells to increase or maintain production in a safe and cost-efficient manner.
A wealth of oil and gas has contributed to the world’s bountiful supplies and lower oil prices, which in turn have impacted budgets and spending both onshore and offshore.
Providence Resources and Europa Oil & Gas are among the companies that have identified prospects, but success has not been had by all in the in past.
An energy consultancy predicts production from the world’s ultradeepwater fields will increase from about 6.5 MMboe/d to about 10.2 MMboe/d by 2021.
The underexplored Great Australian Bight off the coast of South Australia remains high on BP’s agenda with the supermajor taking the chance to talk up the opportunities of the frontier basin at...
Fugro has a new AUV (Autonomous Underwater Vehicle) to play with, after recently taking delivery of the Hugin 1000 AUV, E...
BW Offshore has sold the VLCC BW Opal...
An FPSO, export pipeline and floating liquefaction solution is on the drawing board for an ultradeepwater gas discovery in the South China Sea operated by CNOOC.
DNV GL is leading a Joint Industry Project (JIP) aimed at solving the challenges brought about by sour service fluids from wells and the demands it places on pipeline material.
Odfjell Drilling expects the deepwater rig market to remain weak over the next couple of years, due to the continued delivery of newbuild units and oil companies’ increased cost focus and capital discipline.