Rystad Energy: Global decommissioning set to hit record US$36 billion over the next 3 years
Several hundred offshore oil and gas wells could cease production by 2021 in the face of today’s bearish oil market.
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Several hundred offshore oil and gas wells could cease production by 2021 in the face of today’s bearish oil market.
United Oil & Gas Plc, the London Stock Exchange listed oil and gas exploration and development company, has announced the results of an independent Competent Person’s Report prepared by ERC Equipoise Ltd covering the Walton-Morant licence, offshore Jamaica.
The company’s scope includes the full development of Tyra’s integrity management programme, developing risk-based assessments (RBAs) that will enable effective and optimised inspection and monitoring.
The contract with Stena secures the rig for transport at the end of May, targeting a June 2019 spud date.
The Skandi Olinda, a Brazilian-flagged flexible lay and construction vessel owned by the joint venture formed between DOF (50%) and TechnipFMC (50%), has commenced its 8-year charter contract with Petrobras.
Xage Enforcement Point extends network security to individual devices, protecting millions of previ-ously exposed IIoT machines and legacy control systems.
This new programme ties with Spectrum’s existing 35 000 km survey that was acquired in 2017 for the ongoing first offshore licensing round.
These contracts are for onshore drilling in the Middle East, Russia and Africa.
New joint venture acquires NOBU, a Dubai based tubular manufacturer and provider of tube repair services.
The oil and gas industry’s role in tackling climate change will be a major focus at IP Week 2019, taking place in London 26 - 28 February, says Energy Institute Chief Executive Louise Kingham OBE FEI.
In response to Repsol's comments on the Indonesian gas discovery, Wood Mackenzie's research director, Andrew Harwood, has provided some commentary.
The UK subsea sector will have the opportunity to strengthen its international presence at the largest oil and gas exhibition in Australasia next month.