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Oil & Gas Technology News Archive

Browse the Oil & Gas Technology news archive

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...
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. ...
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...
Uganda Lake Albert development 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...
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...
Ærfugl development project
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...
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...
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...
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...

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