offshore

InterMoor’s Marine Project team in Aberdeen successfully recovered the Ocean Power Technologies PowerBuoy after a 7-month trial in harsh North Sea winter conditions.

The Monument well represents the Norwegian operator’s first deepwater drilling project in US waters in 5 years.

Industry representative body Oil and Gas UK and safety organization Step Change in Safety have coproduced a series of films to address the concerns of thousands of workers traveling offshore during the coronavirus pandemic.

UK North Sea oil and gas production is set to be maintained at normal levels despite the industry moving to "minimal manning" of offshore facilities in the face of the COVID-19 pandemic, trade body Oil and Gas UK's health and safety director, Trevor Stapleton, said.

Amid continued health and travel concerns, the OTC Board of Directors felt this decision was the most feasible and responsible.

The healthcare provider has developed and launched a new service to safely manage suspected cases of coronavirus following workers’ disembarkation from offshore locations.

Revised estimates of project sanctioning total $61 billion in 2020, which is down from $192 billion forecast in 2019.

ExxonMobil’s rig automation experiment is accelerating, with plans to push the number of rigs in the system from three to nine. Drilling efficiency was improved by use of an automated pipe-handling system, which reduced the median time required for connection at one location by 20%.

A VLCC converted to FPSO, Liza Destiny has a production capacity of 120,000 B/D of oil.

Led by Texas and New Mexico, year-over-year crude output jumped by 11% according to the US Energy Information Administration. Going forward, new records will be set but at a slower pace.