North Sea
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Equinor increases its stake in the Njord redevelopment project as part of the agreement, while Faroe gains Equinor's stakes in four Norwegian Sea and North Sea fields.
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With the purchase, the growing, privately-held Chrysaor Holdings will expand its UK North Sea production to 185,000 BOE/D.
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Cutting-edge computing and subsea wireless camera technology deployed on a pipeline construction project enhanced diver safety and generated significant cost savings by avoiding the need for additional subsea vessels.
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The oil and gas industry is marking 10 years since a Bond Super Puma helicopter came down 12 miles off the coast of Peterhead, Scotland, killing all 14 passengers and two crew members.
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The outlook in the UK is a case study of the squeeze facing E&P in other basins where operators are trying to pay to sustain production with discoveries, while plugging and abandoning old wells, all paid for by the lean cash flow due to low oil prices.
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Data from the UK Oil and Gas Authority’s new data repository cover 12,500 offshore wellbores, 5,000 seismic surveys, and 3,000 pipelines.
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The company plans an innovative application of oceanographic instrumentation to maximize recovery at its Johan Sverdrup oil field in the North Sea.
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The state-run offshore company has found a gas and condensate field that holds an estimated 250 million BOE.
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The latest example of the offshore sector's march toward automated wellbore construction will take shape later this year in the North Sea.
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Subsea inspection/repair/maintenance services have traditionally relied on vessel-based, ROV, or diver operations. In the longer term, identifying significant incremental savings in these operations is not sustainable and an innovative approach deploying digital technologies is being investigated.