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UTEC extends surveying capabilities with new autonomous underwater vehicle launch and recovery system

UTEC, a global surveying company in subsea services group Acteon, successfully commissioned its new launch and recovery system (LARS) for the fleet of seven autonomous underwater vehicles (AUV) it uses for seabed surveys in the oil and renewables industries.

Titan Torque invests in the future with state-of-the-art EnerQuip torque machine

Titan Torque has doubled its operational capacity – and signaled its long-term confidence in the offshore oil and gas industry – with a major investment in a new torque system from EnerQuip.

Production starts at Equinor's Oseberg Vestflanken 2

The Oseberg Vestflanken 2 field in the North Sea is now on stream. Remote-operated from the Oseberg field centre, the new Oseberg H platform is the first unmanned platform on the Norwegian Continental Shelf.

Saipem plans renewables push as oil clients keep lid on spending

Saipem SpA is looking beyond black gold, to green.

Aker BP acquires King Lear discovery

Aker BP has entered into an agreement with Equinor Energy to acquire its 77.8% interest in the King Lear gas/condensate discovery in the Norwegian North Sea for a cash consideration of $250 million.

Analytics can optimize oil and gas equipment performance, predict failures

Andy Weatherhead, Rockwell Automation

Given the opportunity that analytics present, and the pressures facing oil and gas producers, the question isn’t, “Can analytics help improve our operations?” but rather, “How long can we compete without them?”

Advancing drilling operations through collaborative work and innovation

Tristam Horn, DeltaTek Global

Advances in drilling technology are helping to unlock challenging reservoirs and achieve the industry-wide goal of maximizing economic recovery. This article discusses the importance of innovation and collaboration for the industry moving forward, and how new technologies are maximizing efficiencies and reducing costs.

Chevron exits Norway as wider retreat looms from North Sea

Chevron Corp. is selling its last remaining oil exploration license in Norway, putting it one step closer to a full retreat from the aging North Sea basin as the U.S. major seeks higher returns elsewhere.

People in the industry

Michele Cowart, World Oil

Hal J. Goldie has been appointed to the board of Enpro Subsea, based in Houston. With a career that spans almost 50 years in the industry, Goldie was previously president at Cameron Subsea Systems.

What's new in production

Don Francis, Contributing Editor

Let’s party

Drilling advances

Jim Redden, Contributing Editor

Windows to the hole

What's new in exploration

William (Bill) Head, Contributing Editor

Where are the oil reserves?

Equinor launches power-from-shore solution for Johan Sverdrup

Today the Norwegian Minister of Petroleum and Energy, Kjell-Børge Freiberg, officially opened the power-from-shore solution which will provide the Johan Sverdrup field in the North Sea with electricity for more than 50 years. Power from shore makes Johan Sverdrup one of the most carbon-efficient fields worldwide.

Equinor reduces estimated investments in Norway by some NOK 30 billion

Equinor has reduced the estimated investments for operated projects in the development phase on the Norwegian continental shelf by some NOK 30 billion ($3.6 billion) since the development plans were submitted to Norwegian authorities.

Global Maritime announces major contract win for work on Equinor's Njord field

Global Maritime has been awarded a contract with Equinor until 2020 for marine operations. The contract value is estimated to be around $7-9.5 million, one of the largest in Global Maritime’s history. Global Maritime will oversee project management, engineering, equipment procurement and offshore management with everything handled from their Stavanger and Oslo offices.

Scottish universities to partner in major energy sector education program in Mexico

The North-east of Scotland is set for an international boost, as its universities have been named as two of only four European institutions to be chosen by the Mexican Government to work in collaboration with Mexican universities to address the future needs of the country’s energy sector.

Arnlea secures $5.23-million contract, 2022 extension with Total

Total has extended its contract with innovative software business Arnlea to the end of 2022.

Crude tumbles most in seven weeks as American stockpiles swell

Oil dropped from the highest price in almost four year amid signs of a growing crude surplus in the world’s biggest economy.

Petrofac secures North Sea contract extension with Chevron

Petrofac’s Engineering and Production Services (EPS) division has secured a 12-month engineering services contract extension from Chevron North Sea Limited (Chevron).

Equinor confirms Norwegian oil discovery, more than doubling Norne reserves

Equinor has, together with partners Eni and Petoro, completed the appraisal well on the Cape Vulture discovery from 2017. The well confirms a volume potential of 50-70 MMbbl of recoverable oil. The discovery more than doubles the remaining oil reserves to be produced through Norne field.