Latest News

GTT has signed a technical assistance and license agreement with Chinese shipyard Wison Offshore and Marine. The agreement largely covers GTT’s membranes for FLNG and FSRU vessels, floating storage regasification power units, and LNG carriers. Under the terms of the agreement, the two companies will expand their offers to ship owners and target new markets, with a par…

Rovco’s stereo camera technology system sends images and 3D models of assets from the seabed to computer browsers in any location, offering users instantaneous access to information during inspection or construction.

The two main takeaways from this paper: First, it underscores the difference between explainability and interpretability and presents why the former may be problematic. Second, it provides some great pointers for creating truly interpretable models.

Industry awaits the results of Apache’s Maka Central-1 exploratory well offshore Suriname, where high expectations follow the rapid exploration success of neighboring Guyana.

To make sure deep learning meets its promise, we need to reorient research away from state-of-the-art accuracy and toward state-of-the-art efficiency. We need to ask if models enable the largest number of people to iterate as fast as possible using the fewest amount of resources on the most devices.

One of the biggest discoveries in the past decade, Sangomar, moves closer to sanction as operator Woodside and its joint venture partners submit the plan for the field's development. First oil from Senegal's first offshore development is scheduled for 2023.

The tender invites EPC contractors to develop a commercial bid for the lump-sum turnkey contract based on a fully developed scope related to design, engineering, technical, and safety specifications for the project. Commerical bids are expected next year.

The Australian company upped its forecast of initial oil production out of the field from 50,000 B/D to somewhere between 75,000 and 100,000 B/D. It expects to spend between $1.9 billion and $2.2 billion on the field's development.

OneSubsea has agreed to a contract with Nexans for the design and supply of two 75-mi power umbilicals for a subsea multiphase compression system at Shell’s Ormen Lange gas field in the Norwegian North Sea.

Byron Energy has entered an agreement to fund the construction of SM58 (South Marsh Island 58), its production platform in the US Gulf of Mexico. The Australian company said it had signed a binding secured promissory note with Crimson Midstream to borrow an initial amount of $15 million. The money will be used primarily for the ongoing construction of the production p…

The Spanish oil and gas company says existing or foreseeable technologies will achieve at least 70% of its ambitious plan to shrink its carbon footprint.

The media is often tempted to report each tiny new advance in a field, be it artificial intelligence or nanotechnology, as a great triumph that will soon fundamentally alter our world. Occasionally, of course, new discoveries are underreported.