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August 27, 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
 
  Operators must keep a lid on NCS costs while exploiting potential   NCS -- Riding a high tide, Norway plans for the future (part 3 of 4)
 
  The opportunity for enhancing recovery is now, says BP exec   ADNOC strives for 70% ROR as part of production plan
 
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WO0714_Cruthirds_ONS_Show_Review_Fig_01 Operators must keep a lid on NCS costs while exploiting potential
STAVANGER, Norway -- As has now become the central theme at this year’s ONS, Tuesday morning’s mix of governmental and industry speakers repeatedly hit on the theme of E&P cost containment on the NCS.   Read More
 
UK, Norwegian officials examine ways to get more output from resources
STAVANGER, Norway -- While UK officials are already alarmed about the status of their country’s offshore oil and gas production, their Norwegian counterparts are taking no chances, either.   Read More

Improved oil recovery will always support the last NCS fields
STAVANGER, Norway -- Although improved oil recovery has already made a lot of history on the NCS, there is still huge potential for additional production being added through IOR activities.   Read More

Martin Landrø receives NPD's IOR award for 4D seismic work
STAVANGER, Norway -- Martin Landrø was presented the Norwegian Petroleum Directorate’s IOR award for his work on developing 4D seismic for mapping, production management and monitoring of reservoirs, Tuesday at ONS.   Read More

Subsea industrialization needed to take cost-cutting deeper
STAVANGER, Norway -- “As an industry, we have to break an unsustainable curve of constant cost increases,” said Tore Halvorsen, FMC’s senior V.P. for Subsea Technologies, while addressing an ONS conference session on Tuesday morning.   Read More
 
 
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WO0714_Abraham_Norway_Fig_00 NCS -- Riding a high tide, Norway plans for the future (part 3 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
 
Schlumberger’s Norway chief analyzes NCS problems
STAVANGER, Norway -- Cost increases may be a threat to Norwegian E&P activity, but that’s not the only factor in the equation, said Torjer Halle, chairman of Schlumberger Norway.   Read More

Norway to cut oil-production forecasts as costs delay projects
STAVANGER, Norway -- Norway will probably cut its long-term forecast for crude production as companies reduce spending to counter rising costs and improve shareholder returns.   Read More
 
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WO0714_Plowden_etal_UKCS_RR_Fig_00 The opportunity for enhancing recovery is now, says BP exec
STAVANGER, Norway -- “Norway has stated a goal of reaching a recovery rate of close to 50%. Enhanced oil recovery can help get this figure higher, and now is the time to do it,” said Trevor Garlick, regional president of BP North Sea, while addressing a Tuesday morning ONS crowd.   Read More
 
UKCS -- World Oil Regional Report (part 3 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

BP out in front in contracting activity on UKCS, EIC reports
LONDON -- BP continues to lead the way in contracting activity on the UKCS in recent years having awarded 35 major contracts across seven North Sea developments over the past four years.   Read More

 
 
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Transocean Spitsbergen ADNOC strives for 70% ROR as part of production plan
STAVANGER, Norway -- Abu Dhabi’s state-owned company, ADNOC, has set itself the ambitious goal of more than doubling the rate of recovery (ROR) for its producing assets, from 30% to 70%.   Read More
 
Norway open to Rosneft expansion as offshore spending slides
STAVANGER, Norway -- Norway is open to OAO Rosneft deepening its involvement in the Nordic country as western Europe’s largest oil and natural gas producer seeks to counter a slowdown in investments and output.   Read More

ONS honors industry veterans for fortieth anniversary
STAVANGER, Norway – The offshore industry may be one of the world’s most visionary industries, with ground-breaking technological advances made year-on-year, but ONS hasn’t forgotten its roots.   Read More

Petrofac’s first-half profit falls 44% as revenue declines
LONDON -- Petrofac Ltd. said first-half profit fell 44% after revenue at the UK’s largest oil and gas engineer declined.   Read More
 
 

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