Oil & Gas Technology News Archive

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	McDermott Awarded Multiple EPFC Contracts for Storage Tanks in Saudi Arabia 29th April 2020 McDermott International, Inc. announced CB&I Storage Solutions has been awarded one large* and two sizeable* contracts for the engineering, procurement, fabrication and construction (EPFC) of 38...
	BP confirms commitment to completing sale of its Alaska business 27th April 2020 Reflecting recent significant market volatility and oil price falls, BP and Hilcorp have successfully renegotiated the financial terms of the deal to respond to the current environment. ...
	MagiQ Technologies Announces Strategic New Hires and Successful Seismic Field Test 27th April 2020 Jakob Haldorsen has joined MagiQ Technologies as Scientific Advisor and Director of Business Development. Mr. Haldorsen will lead the MagiQ Technologies’ team in developing new methodologies for...
	Total Acquires Tullow Entire Interests in Uganda Lake Albert Project 23rd April 2020 The overall consideration paid by Total to Tullow will be $575M, with an initial payment of $500M at closing and $75M when the partners take the Final Investment Decision to launch the project. In addition...
	DNV GL leads global pilot to secure greater trust in, and value from, oil and gas industry digital twins 22nd April 2020 Digital twins can significantly enhance efficiency and reduce cost, but oil and gas operators are increasingly demanding proof that they can be trusted and deliver value over timeDNV GL is leading research...
	Accelerated production start-up from the Ærfugl field 22nd April 2020 “The acceleration of production from Ærfugl Phase 2 means increased value creation for the Ærfugl joint venture, the supplier industry and the Norwegian society in the form of increased revenues. Thus...
	Suriname: Total and Apache Corporation announce a second discovery in Block 58 3rd April 2020 Total and Apache Corporation have announced a significant oil discovery at the Sapakara West-1 well drilled offshore Suriname on Block 58. The well was drilled using the Noble Sam Croft with...
	Aker Solutions Reduces Costs and Capital Spending 3rd April 2020 Aker Solutions is implementing a number of measures to mitigate the effects of the slowdown in activity level triggered by the COVID-19 outbreak and the increased uncertainty following the decline in...
	Global E&P capex to reach 13-year low predicts energy research company 1st April 2020 E&P capex in 2019 reached $546 billion according to Rystad Energy estimates, having slightly recovered from a 2-year slump in 2015 and 2016 before diving to around $510 billion from 2014’s...
	Tracerco secures first baseline subsea inspection project for a new pipelay development 25th March 2020 As a method of ensuring maximum value and profitability, whilst safeguarding operational personnel and the environment, the operator will deploy DiscoveryTM, Tracerco’s Subsea CT Scanner, to obtain...