Westwood Insight: drilling down, performance up
Conventional exploration performance has improved considerably in 2017, with commercial success rates above 50% and much lower finding costs than for the same period in 2016.
Browse the latest upstream news news and articles.
Conventional exploration performance has improved considerably in 2017, with commercial success rates above 50% and much lower finding costs than for the same period in 2016.
The recent financial pressures as a result of the oil downturn have left cyber security functions for many firms within the oil and gas sector considerably underfunded and out of date.
On June 2, 2017, BPTT announced two new gas discoveries offshore Trinidad - Savannah and Macadamia - together amounting to around 1.3 trillion cubic feet of recoverable resources, based on Rystad Energy analyses.
AWE Limited has announced that that the Waitsia-4 appraisal well has commenced drilling operations.
Repsol and Gazprom Neft are set to extend their collaboration in west Siberia after signing a Memorandum of Understanding.
DNO has resumed field appraisal drilling following extended testing of the Cretaceous and Jurassic reservoirs.
Petroleum Safety Authority Norway has given Statoil its consent for exploration drilling in the Barents Sea.
The system features an advanced motion compensation control system with precision controls to enable fast landing and comfortable people transfers.
The company has been presented with a fourth President’s Award at RoSPA’s (Royal Society for the Prevention of Accidents) Occupational Health and Safety Awards 2017 – building on 12 consecutive years of awards from this key industry organisation.
The new facility will be capable of producing up to 5 million t of regional sand per year and will serve as another channel by which the company will service the evolving dynamics of the oil and gas industry.
Ion Science will be showing a wide range of high performance gas detection instrumentation at SPE Offshore Europe 2017.
Wood Group has been awarded a contract for the Culzean gas condensate field in the UK central North Sea.