Equinor

The explorer has so far encountered 400 ft of reservoir pay zone in an area where it has three other producing fields.

New funding for a chatbot technology, or smart assistant, represents the latest development in the Norwegian operator’s drive toward digitalization.

Thirteen companies placed bids on 18 blocks in the Austral, North Argentina, and Malvinas West basins as part of Argentina’s first open bid round for offshore acreage in more than 20 years.

Called Eelume, the underwater drone will perform subsea inspection, maintenance, and repair work.

With new digital platforms and technologies driving the industry in the near future, organizations are examining the ways in which their established work flows may help or hinder their ability to adopt and adapt.

Like a fast-declining oil well, the value of propriety software is short-lived. Technological advances drive down the value of programs, many of which were never unique.

Phase 1 of the development today marked the sail-away from Kværner’s yard of the 560-bed living-quarters topside, the largest of its kind in Norway.

The major’s dominant showing in US Gulf of Mexico Lease Sale 252 propelled another rise in bids and dollars for the biannual regionwide auction.

The oil price downturn spawned a lull in deepwater enthusiasm, but better project execution and reduced project lead times have helped operators achieve lower costs and better returns. What does the landscape for deep water look like in the near term? Will operators get more involved?

The company plans an innovative application of oceanographic instrumentation to maximize recovery at its Johan Sverdrup oil field in the North Sea.