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The subsea sector will have to keep its overcoat on for a few more years, as the cold wind that has been blowing through the industry since the oil price crash of late 2014 is forecast to continue.
The future of the U.K. sector of the North Sea seems likely to be based on developing 350 marginal fields.
What is the future of the oil and gas segment in Brazil? That was the main question asked repeatedly during the Rio Oil & Gas 2016 conference in October.
A jury of industry experts, R&D professionals and top executives selected TechInvent and Island Offshore/Centrica for ONS 2016 Innovation Awards.
Petrobras and Statoil have signed a memorandum of understanding that aims to evaluate their joint participation in future tenders and upstream collaboration in producing fields in the Campos and Santos basins.
Statoil ASA reduced the development cost for the first phase of its giant Johan Sverdrup project offshore Norway by 21% to NOK 99 billion (US$12 billion), while raising the full field development’s planned production capacity by unveiling an additional processing platform.
Norwegian Prime Minister Erna Solberg has launched the country’s 24th oil licensing round for new exploration areas, mostly off Northern Norway.
Statoil has brought a relatively small two-well subsea tieback project onstream four months earlier than scheduled at half of the development cost originally envisaged.
Statoil is planning to sink about $250 million into its ongoing exploration drilling campaign in the frontier Barents Sea over the next two years, including its northernmost wildcat yet.
Speaking at the Hart Energy conference, senior associate for Infield Systems Ltd., Adrian Dorsch, flagged up the latest forecast for subsea tree orders as part of his presentation.
A gathering of the Gulf of Mexico’s (GoM) great and the good is always bound to produce the full gamut of views, and Hart Energy’s second GoM Offshore Executive Conference (OEC) proved to be a rich source of varying opinions.
Cost reduction is still at the top of everyone’s agenda as the oil price downturn continues to bite, but there are opportunities out there, delegates at the Share Fair here heard.