After painstakingly plying Petrobras for years, Norway鈥檚 offshore supplier-contractors and their halo of sub-suppliers are again earning big Brazilian orders en masse, as the BRIC country鈥檚 untapped reserves compel the national oil company to buy 鈥 and borrow 鈥 Norwegian鈥
A technology used in security and drug enforcement was modified to solve the age-old problem of how to use radiography for non-destructive testing of pipelines on rigs without affecting nucleonic measurement associated with pressure vessels鈥
South Africa鈥檚 offshore space is getting busier ahead of the finalization of the country鈥檚 oil and gas regulatory framework as more well-endowed exploration firms position themselves for a long-drawn exploration of the country鈥檚 under-explored offshore hydrocarbon reserves鈥
Mauritania is back, it seems, as Africa鈥檚 newest oil province, just 13 years after a sudden production drop at its first offshore oilfield, Chinguetti, precipitated the authorities ire over contracts and a rash of oil company departures.Now鈥
It's true that the offshore vessel market is still suffering, but that's not to say there aren't glimmers of positivity.Asset values remain at historic lows throughout much of the offshore sector, but the anchor handler market has been hit hardest鈥
Changing environmental regulations around the world will have an impact on how the offshore industry handles produced water.Typically, offshore operators treat their produced water so it can be discharged back into the ocean, although there鈥
UK-based oil & gas company Tullow Oil Plc鈥檚 subsidiary Tullow Oil Ghana, has announced the pushing back completion of drilling of the Enyenra-14 production well in Deepwater Tweneboa, Enyenra and Ntomme (TEN) field development following revision of 2019 projection figures for this offshore project鈥
The withdrawal from Norway鈥檚 offshore sector of ExxonMobil appears to be underway, and the development to some looks like the start of a pullout of 鈥渋nternational oil majors鈥 from a sector dominated by stately player, Equinor.True, ExxonMobil鈥檚 departure is symbolic鈥
An industry that operates in some of the harshest environments in the world sometimes needs to call on the toughest material for wear parts.Enter the industrial diamond, discovered in the 1950s. Synthetic diamondcan tolerate abrasive, high-temperature鈥
Guernsey-based oil and gas explorer Chariot Oil & Gas has announced the completion of the development feasibility study and gas market assessment for one of its gas fields in Morocco as the company inches closer to a full-blown hydrocarbon development鈥
A subsea space race is now officially underway in the offshore oil and gas industry following successful trials of docking and inspection operations using a commercially available underwater vehicle and Norwegian energy firm Equinor鈥檚 open-standard subsea docking station (SDS)鈥
Equinor announced on Monday that it has discovered oil and gas in separate formations of cut by the same well, and all indications are that a new oil-heavy play in a Norwegian Sea gas province may create a rush to oil if the area鈥檚 notoriously splintered geology can be mastered鈥
Ivory Coast is expected to finalize the licensing procedures for six oil blocks this month with the outcome likely to boost the West African country鈥檚 drive to attract increased investment in its upstream activities and enable it double output by 2020 in line with the National Development Plan鈥
After a tough handful of years with an oversupplied offshore supply vessel (OSV) market, OSV companies may be finding the tide is finally turning.At the peak of the last upturn, OSV companies were ordering newbuilds to meet projected demand鈥
The huge changes made in the industry since the downturn in 2014, through to the challenges that lay ahead and some of the solutions that could help solve them, were set out by a top tier line up ranging from oil major heads of macroeconomics鈥
