Equinor

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.

Funding for startups in the upstream industry does not always guarantee that oil and gas companies will want to test the new technology. A new venture and accelerator model hopes to change this through guaranteed pilots.

The contract is helping to solidify Europe’s offshore sector as the focal point for the rise of automated drilling technology.