North Sea

A new report from Oil & Gas UK explains how the UK North Sea is showing signs of life, but warns that new exploration investment will be necessary to avoid another production downturn.

The steel pipe manufacturer agrees to deliver outer pipes for pipe-in-pipe flowlines for a pair of recently-announced Aker BP projects in the Norwegian Sea.

BP announced two North Sea discoveries, adding to signs of a revival in play that was looking old, tired, and overpriced a couple years ago.

The long-term decommissioning of the historic Brent field has necessitated redevelopment of the younger Penguins field in the North Sea, where the UK hopes to see more revival projects in the coming years.

With $102 billion of decommissioning-related expenditure forecast to 2040 in Western Europe, opportunities are ripe for the supply chain to compete with innovative and cost-effective solutions for the E&P operators.

A new downhole-tool-based abandonment system was developed and deployed successfully on four wells for a major operator on a field in the North Sea.

Decommissioning experts in the UK examine the advantages and disadvantages of removing offshore installations vs. leaving them in place, discussing cost efficiencies, environmental factors, and long-term risks.

Intel and Cyberhawk released a case study outlining the successful inspection of a gas terminal near the coast of Scotland using commercially available drone technology.

The world still needs oil and gas, but it is also making room for renewable energy which will change how upstream companies do business.

Total’s acquisition of Maersk Oil includes holdings in the North Sea Johan Sverdrup and Culzean projects. Total will become the second-largest operator in the northwest Europe offshore region. Maersk’s strategy shifts to its transport and logistics division.