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The oilfield services sector showed steady revenue growth in 2018 thanks, in part, to increased project sanctioning. With the oil price falling $20 in the past 2 months, however, the future may be murkier than expected.
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Clock Spring Co. announced a technology licensing and distribution agreement for the Pipeotech AS DeltaV-Seal technology. The Clock Spring Full Metal Gasket utilizes DeltaV-Seal technology under license from Norwegian company Pipeotech AS and is the world’s only DNV GL type approved gasket for zero emissions. The metal gasket features sealing technology that prevents …
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2018 has seen a wave of shale deals that are consolidating the landscape. While this one could be among the biggest, it is not yet final.
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David Bernhardt, the deputy Interior secretary, could take over as acting secretary in the interim.
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The Coast Guard has partially assumed federal control of response operations to contain an oil discharge from the site of the collapsed Mississippi Canyon Block 20 offshore platform 11 miles south of the mouth of the Mississippi River.
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A hack on Italian oil services firm Saipem that crippled more than 300 of the company’s computers used a variant of the notorious Shamoon virus, Saipem said, a development that links the case to a massive attack in 2012 on Saudi Aramco.
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Since the 1980s, many technical works have focused on improving the ability to detect hydrocarbons inside the riser and safely remove them from the system. This trend gained extra momentum with the advent of systems such as riser-gas handlers and managed-pressure drilling.
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The small Gulf-nation is expanding its upstream portfolio to include some of the hottest exploration areas.
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First gas from the Cassia C platform, which will help maintain production rates to the Atlantic LNG terminal, is expected in 2021. The Matapal project, which will tie back to the Juniper platform, will come on stream in 2022.
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A project of “firsts,” Equinor’s Aasta Hansteen spar platform began producing gas on 16 December, opening a new region for gas export to Europe and the UK.