For the past two years, Maersk Drilling has spearheaded an innovative effort to develop a first-of-a-kind product to support digitalization of offshore drilling processes. The solution, known as RigFlow, has now been segregated into the digitally focused company named Horizon56 A/S to drive further development and commercialization. Horizon56 has b...
HEMPSTEAD, TX – Logan Industries International Corporation, a world-class machine designer, manufacturer, field service and repair company, has successfully delivered a subsea grease injection unit as part of a complete subsea wireline pressure control system for a major subsea oil and gas company. The grease injection reservoirs and monitorin...
(Bloomberg) --Aker BP ASA agreed to buy the oil and gas business of Lundin Energy AB in a $10 billion deal that creates the second-largest producer on the Norwegian Continental Shelf. The transaction completes Aker BP’s ascendancy in the Nordic country’s offshore energy industry, putting it behind only state-owned Equinor ASA just five years...
OSLO - The Norwegian Petroleum Directorate (NPD) has taken an initiative to discuss with the industry which steps can be taken to increase value creation through better use of data. The initiative is being taken in an effort to improve the NPD’s role as data manager. “Having the right data available at the right time and in the right form...
(Bloomberg) --The UK proposed a series of climate change tests to determine whether new oil and gas fields can be built off its shores, but said its net-zero pledge doesn’t require the industry to be shut down. New projects could potentially still be allowed if they can show that their proposed emissions are less than those that come from impo...
ADNOC Drilling Company and Helmerich & Payne, Inc. jointly announced the finalization of the Rig Enablement Framework Agreement, streamlining ADNOC Drilling’s operations, reducing costs and building shareholder value. The Framework Agreement will advance ADNOC Drilling’s land rig operational performance, as well as support its ambitious...
Wood has further strengthened its position as the leading partner for operations solutions in the UK North Sea following a series of contract awards with key clients in the fourth quarter of 2021, including Shell UK and Dana Petroleum. The series of awards, collectively valued at around $160m, will see Wood leverage its rich heritage and experti...
OSLO, Norway - Cognite announced a collaboration with Equinor to expand data capabilities and support the company’s digital ambitions. Using Cognite’s industrial DataOps technology, Cognite Data Fusion, as a module in Equinor’s OMNIA data architecture, built on the Microsoft Azure cloud, a joint Equinor and Cognite team will develop and ex...
SINGAPORE (Bloomberg) --Asia’s relentless buying of liquefied natural gas earlier this year has left the region so well stocked for winter that spot shipments are being diverted to energy-hungry Europe. Multiple vessels are now being diverted from Asia after prices in Europe traded at a rare premium, traders with knowledge of the matter said....
Royal Dutch Shell abandoned two oil projects off Kazakhstan after stubbornly high costs made them uneconomic. Shell has exited the Khazar field, while North Caspian Operating Co. — a joint venture including Shell — has quit the Kalamkas-Sea project, according to TOO PSA, an entity run by the Kazakh Energy Ministry. The retreat from the fields...