August 26, 2014 ONS 2014 / Conference News, NCS Activity, Industry Trends, Companies in the News
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WO0714_Cruthirds_ONS_Show_Review_Fig_01 WO0714_Abraham_Norway_Fig_00 WO0714_Plowden_etal_UKCS_RR_Fig_00 Transocean Spitsbergen
  ONS balances energy needs against costs, public concerns   NCS -- Riding a high tide, Norway plans for the future (part 2 of 4)
  U.S. shale causing imminent need for NCS cost reductions   Companies need to collaborate on cost situation, ONS told
WO0714_Cruthirds_ONS_Show_Review_Fig_01 ONS balances energy needs against costs, public concerns
STAVANGER, Norway -- On the first day of the ONS conference, the opening session featured a powerhouse group of speakers that did not disappoint the crowd in its intensity on issues.   Read More
Norway ponders dual challenges of energy and the environment
STAVANGER, Norway -- On Monday morning, Norway’s Queen Sonja conducted the official opening of the 2014 ONS conference.  The main theme for this year’s conference is “Change.”   Read More

Operators, service firms must cost-cut together
STAVANGER, Norway -- “The current cost level on the Norwegian Continental Shelf is not sustainable from an operator’s perspective. I have never experienced the current sense of urgency to reduce cost and keep capital expenditure down,” said Nina Koch, V.P., Operations, at Statoil. Her comments were made while speaking to an ONS session addressing cost levels offshore, and how to bring them down.   Read More

Mega projects are game-changers for costs, logistics
STAVANGER, Norway -- In keeping with the theme about upstream cost containment, which swirled through several speeches and presentations on the first day of ONS, an afternoon session devoted to mega-projects had its own references.   Read More
WO0714_Abraham_Norway_Fig_00 NCS -- Riding a high tide, Norway plans for the future (part 2 of 4)
HOUSTON -- As operators push Norwegian E&P activity close to record highs, the government and industry are working together to plan future upstream growth prudently while keeping costs under control.   Read More
2014 seismic acquisition completed one month early, NPD says
STAVANGER, Norway -- The Norwegian Petroleum Directorate has had a successful seismic season, which wound up Aug. 19. About 5,600 km of 2D seismic has been acquired in the northern Barents Sea since July 18.   Read More

Statoil ahead of pack in contracting activity on NCS, EIC reports
LONDON -- Statoil has been by far the most active operator on the NCS over the last four years although a number of other international operators are also active and responsible for 6 FEED contracts, 26 EPC and 17 Subsea/SURF contracts between them.   Read More
WO0714_Plowden_etal_UKCS_RR_Fig_00 U.S. shale causing imminent need for NCS cost reductions
STAVANGER, Norway -- Oil companies and suppliers agree that there is an urgent need for significant cost reductions on the NCS.   Read More
UKCS -- World Oil Regional Report (part 2 of 4)
LONDON -- Since the first UK licenses were issued in 1964, 42 Bbbl of oil have been produced from the British North Sea, and it is estimated that there could be up to 24 Bbbl remaining.   Read More

Lloyd’s Register Energy, LR Senergy hold joint industry survey at ONS
STAVANGER, Norway -- An innovative survey of five crucial issues affecting the North Sea’s future is to be conducted during ONS by Lloyds Register Energy and LR Senergy.   Read More

Transocean Spitsbergen Companies need to collaborate on cost situation, ONS told
STAVANGER, Norway -- Collaboration is the prescription for innovation, to increase value in the oil and gas industry, said Dr. Helge Hove Halverson in a presentation at the opening day of ONS 2014.   Read More
Schlumberger launches photorealistic reservoir geology service
STAVANGER, Norway -- Schlumberger launched the Quanta Geo photorealistic reservoir geology service at the Offshore Northern Seas Annual Conference and Exhibition.   Read More

Roxar comes to ONS on back of significant milestones and award nomination
STAVANGER, Norway -- Roxar, a business unit of Emerson Process Management, will be exhibiting at ONS this year on the back of a number of significant new milestones over the last few months.   Read More

Premier Oil CEO seeking acquisitions after record cash flow
LONDON -- Premier Oil CEO Tony Durrant is studying “a long list” of potential acquisitions after the UK explorer generated record cash flow.   Read More

Cubility goes from strength to strength as new orders for MudCube continue to come in
SANDNES, Norway -- Cubility comes to ONS this year on the back of two ‘breakthrough’ years that have seen the company strengthen its position as an industry leader in waste and solids control management in drilling operations.   Read More

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