http://www.worldoil.com WorldOil Norway to tackle $100 billion PandA liabilities with new oilfield tech https://www.worldoil.com/news/2020/7/8/norway-to-tackle-100-billion-pa-liabilities-with-new-oilfield-tech North Sea nations and oil companies face costs of more than $100 billion to shut down old wells in the depleted region. Researchers in Norway believe they can cut that figure dramatically. Oceaneering wins inspection services scope in Angola from CABGOC https://www.worldoil.com/news/2020/6/30/oceaneering-wins-inspection-services-scope-in-angola-from-cabgoc Oceaneering International’s Asset Integrity group has secured a three-year contract with Cabinda Gulf Oil Company Limited (CABGOC), a Chevron subsidiary. Oceaneering will provide inspection services onshore Cabinda, Angola, and offshore Angola on Blocks 0 and 14. The contract is scheduled to begin in Q2 2020. BSEE shares results from 28 unannounced spill response exercises in U.S. waters https://www.worldoil.com/news/2020/6/25/bsee-shares-results-from-28-unannounced-spill-response-exercises-in-us-waters BSEE is publishing its inaugural report that summarizes the key lessons learned from 2018 and 2019 government initiated unannounced exercises. TechnipFMC lands three subsea construction projects offshore Norway https://www.worldoil.com/news/2020/6/23/technipfmc-lands-three-subsea-construction-projects-offshore-norway The projects in scope are Breidablikk and the Gas Import System for the Snorre Expansion Project, for which contracts have been awarded, and Askeladd Vest, for which a letter of intent has been issued. The Breidablikk contract has subsea installation as an option. Trendsetter introduces modular offshore intervention system https://www.worldoil.com/news/2020/6/22/trendsetter-introduces-modular-offshore-intervention-system Trendsetter Engineering introduced its Trident Intervention System, designed for rapid reconfiguration in the field, providing the flexibility to conduct intervention riser, riserless wireline intervention and hydraulic stimulation operations all with a single system. Neodrill and Baker Hughes complete industry’s first cut and recover operation in the Norwegian Sea https://www.worldoil.com/news/2020/6/15/neodrill-and-baker-hughes-complete-industry-s-first-cut-and-recover-operation-in-the-norwegian-sea Neodrill and Baker Hughes announced completion of the world’s first cut and recover operation for Wintershall Dea Norge in the Norwegian Sea. Rig time was reduced by an estimated 12 hours, with work to cut the surface casing moved off the critical path of the rig schedule. Scotland dedicates £62 million to leading the net-zero energy transition https://www.worldoil.com/news/2020/6/12/scotland-dedicates-62-million-to-leading-the-net-zero-energy-transition The investment, with a focus on the North East, underpins the region’s ambitions to become a world leader in the transition to net zero, helping Scotland meet its ambitious targets on climate change. Connector Subsea Solutions announces acquisition of Isotek Oil and Gas Limited https://www.worldoil.com/company-news/2020/6/8/connector-subsea-solutions-announces-acquisition-of-isotek-oil-gas-limited The acquisition adds Isotek’s remote welding technology to CSS’s existing range of subsea pipeline repair capabilities which are primarily focused on mechanical clamp and connector pipe joining solutions. Forum Energy Technologies appoints Chinese partner to support Asian growth strategy https://www.worldoil.com/company-news/2020/6/8/forum-energy-technologies-appoints-chinese-partner-to-support-asian-growth-strategy Forum Energy Technologies has announced that Wuxi Haiying-Cal Tec Marine Technology Co., Ltd will represent Forum for the sale of the company’s extensive range of remotely operated vehicles in China, including its recently launched XLe Spirit electric ROV. Underperforming offshore wells rack up over $100 billion in abandonment liabilities worldwide https://www.worldoil.com/news/2020/6/5/underperforming-offshore-wells-rack-up-over-100-billion-in-abandonment-liabilities-worldwide Aging offshore oil wells that once brought market prominence to Europe, the U.S. Gulf and Brazil are increasingly money losers that companies want shut down amid low oil prices and a struggling global economy. But the effort won’t be cheap.