Oil & Gas Technology News Archive

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	New collaboration brings together high speed ROV capability and reduced costs 10th March 2021 The agreement sees the permanent installation of one of UCO’s observation and inspection ROVs aboard Gulfxstream’s MV Viking. This means the spread can be mobilised at short notice and, with MV...
	Chevron Reinforces Plan to Deliver Higher Returns, Lower Carbon 9th March 2021 At its annual investor meeting today, Chevron Corporation announced plans to increase return on capital employed and lower carbon intensity to enable superior distributions to shareholders.“...
	Shell sells Western Desert assets to Cairn, Cheiron 9th March 2021 Shell Egypt and one of its affiliates have signed an agreement with a consortium made up of subsidiaries of Cheiron Petroleum Corporation and Cairn Energy PLC to acquire Shell’s upstream assets in...
	Maersk Training UK launches upgraded £720k training and safety centre 9th March 2021 The investment has allowed for the training facilities to be upgraded and strengthens the centre’s safety offerings to the North Sea workforce. The installation of new technology will allow the centre...
	Ancala Midstream secures multi-million pound gas transportation and processing contracts with Lundin Energy Norway 8th March 2021 The Solveig field is operated by Lundin Energy Norway AS (“Lundin”) one of Europe's leading independent oil and gas exploration and production companies. First gas is expected in Q3 2021 and...
	Maersk Drilling secures one-well contract to reactivate Maersk Resolute 8th March 2021 The contract is expected to commence in April 2021, with an estimated duration of 45 days. The contract value is approximately USD 4.5m.Prior to commencement of the contract, Maersk Resolute will be...
	McDermott Invests in Lummus Technology 8th March 2021 McDermott International has announced that it has invested in Lummus Technology Holdings I LLC, a holding company of Lummus Technology. Under the terms of the share and asset purchase agreement for the sale...
	ADNOC and Korea’s GS Energy Explore Opportunities to Grow Abu Dhabi’s Hydrogen Economy and Carrier Fuel Export Position 4th March 2021 Agreement reached during the UAE’s virtual business trip to Republic of Korea where UAE Minster of Industry and Advanced Technology met with business leaders and Republic of Korea Minister of Trade,...
	Future Downstream: Digitalisation will drive decarbonisation, but people are the key, not technology 4th March 2021 The world is changing, and it’s changing fast. A shared sense of urgency is emerging as momentum builds for net-zero action amid COVID-19 and ahead of this year’s COP26 UN Climate Conference in...
	MDL transpools flowlines for India 4th March 2021 The scope of work covered engineering support, on-site project management and the supply of equipment and services to carry out testing and transpooling of 6” static flowlines, stored in Port of Blyth...