Author hkrichiedistribution
Underwater inspection provider Welaptega has used its optical chain measurement system (CMS), complete with new automated edge tracking software, to execute a mooring inspection campaign for BP offshore Angola in challenging subsea conditions. The project saw Welaptega use its new edge tracking data system and its patented CMS technology to inspect the mooring system of
The Norwegian Petroleum Directorate’s preliminary production figures for August 2019 show an average daily production of 1.647 MMbbl of oil, NGL and condensate, which is a decrease of 67,000 barrels per day compared to July. Average daily liquids production in August was 1.353 MMbbl of oil, 267,000 bbl of NGL and 27,000 bbl of condensate.
Full repairs to the attacked Saudi oil fields may take “many months,” not the 10 weeks that the nation has promised, the Wall Street Journal reported. The report depicted desperation in Saudi Arabia, more than a week after the attack on the nation’s largest oil-production areas. Officials appear optimistic publicly but are privately in emergency
Pakistan has given provisional permission to five developers, including partnerships with Exxon Mobil and Royal Dutch Shell, to set up LNG import terminals. Hot Tip Thousands of recruiters use oilandgaspeople.com to post jobs and find suitable candidates. We are the industry’s most popular job and news site. If you are in the market for a
Oil producers drilling so-called parent-child wells in the Permian Basin are risking the loss of 15% to 20% of the crude that can ultimately be recovered from those wells by spacing them too close together, according to a Houston-based investment bank. The analysis from Houston-based investment bank Tudor, Pickering, Holt & Co. — contained in
Oil’s dominance as a energy source may be on the wane, but one Indonesian producer is confident there’s still plenty of opportunities to be had as the age of the hydrocarbon enters its final act. PT Medco Energi Internasional is aiming to lift its oil and gas output from 120,000 boepd to 300,000 in the
McDermott International, the energy industry contractor whose bonds and shares plunged this week, said it’s weighing the sale of its Lummus Technology business after getting approaches that valued the unit at more than $2.5 billion. The shares soared. Hot Tip Thousands of recruiters use oilandgaspeople.com to post jobs and find suitable candidates. We are the
An Exxon Mobil oil and gas project off the coast of Vietnam is becoming a test of Beijing’s growing power in the South China Sea. Vietnam’s foreign ministry this month sought to shoot down rampant speculation that Exxon will sell its 64% stake in the country’s largest offshore energy project Ca Voi Xanh, or Blue
Championed by Big Oil as the fastest way to reduce emissions and reviled by environmentalists who say the world needs to ditch all fossil fuels — the debate over natural gas may be one of the controversial aspects of climate change. The arguments will get an airing as politicians, activists and business leaders gather for
Saudi Arabia’s pledge to fulfill all commitments to oil buyers after a strike on the giant processing plant at Abqaiq means the world’s largest crude exporter must continue to draw heavily on its inventories until production capacity returns. State oil company Saudi Aramco has more than enough oil to get it to the end of