Technology News


MOL Tabletop Drill Focuses on LNG Carrier Safety

Nov 19, 2018

Mitsui O.S.K. Lines announced that it conducted a tabletop drill based on an incident simulation involving an LNG carrier managed by an MOL Group ship management company.MOL holds these drills periodically to confirm its emergency response system in preparation for serious marine incidents…

Offshore Platforms Controlled from Land

Nov 15, 2018

Aker BP said it will become the first oil company in Norway to control operations of a permanently manned offshore platform from land from next year.Operating platforms remotely can be done with fewer staff than doing it offshore and other oil…

TechnipFMC Inks Deal with Chevron

Nov 14, 2018

TechnipFMC announced on Wednesday it has signed a five-year Surface Technologies Frame Agreement with Chevron to cover the exclusive supply of surface wellhead equipment and service in the U.S. and Canada.Richard Alabaster, President of TechnipFMC’s Surface Technologies business…

New Well Testing Technology

Nov 14, 2018

New technology from Schlumberger delivers well testing performance data in real-time.Schlumberger has introduced well testing live performance technology at the Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC). The new technology…

Largest-ever Bismuth Plug Deployed

Nov 13, 2018

Metal-to-metal downhole sealing solutions provider BiSN said it recently deployed the largest-ever bismuth plug in the Valhall A-30 well, Norway, in conjunction with AkerBP and Altus Intervention.BiSN’s Wel-lok M2M technology – which can be…

GE to Sell Portion of Stake in Baker Hughes

Nov 13, 2018

General Electric Co is selling a portion of its stake in oilfield services provider Baker Hughes, the U.S. industrial conglomerate said on Tuesday, its latest move to raise cash and repay debt.GE, which bought Baker Hughes in July 2017, has…

Digitalization Can Save Upstream Business $73 Bln a Year

Nov 12, 2018

Energy firms could save an annual $73 billion within five years in oil and gas exploration and production by making better use of existing computing technology, energy consultancy Wood Mackenzie said.Exploration and production, known as the upstream industry…

Ampelmann Strengthens Foothold in the Middle East

Nov 12, 2018

Ampelmann, the global leader in offshore access solutions, has opened its second office in the Middle East in a move to further expand its presence in the region. The office in Dubai (UAE) will be manned by Tim Mulders as Business Developer…

Russian Energy Firms Discuss Cooperation Saudi Aramco Chief

Nov 09, 2018

The head of Russian oil giant Rosneft, Igor Sechin, and Saudi Aramco Chief Executive Amin Nasser held talks in Moscow on Friday on areas for cooperation, Rosneft said.Rosneft, the world's largest-listed oil producer by output, said in a brief…

Eco Marine Power, ClassNK to Collaborate

Nov 06, 2018

In another significant move towards commercial release of the EnergySail, Eco Marine Power (EMP) announced that it has begun collaboration with ClassNK (Nippon Kaiji Kyokai) to confirm design requirements and issues related to sea trials.According…

Emerson Upgrades Reservoir Engineering Suite

Nov 04, 2018

Technology and engineering company Emerson has announced the release of Roxar Tempest 8.3, its integrated reservoir engineering suite that offers tools for advanced reservoir management and flow simulation.The latest release takes automation…

WindFloat Chosen for Kincardine Wind Farm

Nov 02, 2018

First power from the floating wind farm project offshore Kincardineshire, Scotland began flowing in September, clearing the way for the full 50 MW build-out of the project by 2020, Kincardine Offshore Windfarm Ltd. (KOWL) confirmed.Principle…

VeChain Inks Blockchain Deal for Chinese LNG Solution

Nov 02, 2018

Chinese enterprise blockchain company VeChain announced a deal for a liquified natural gas (LNG) management solution that will leverage the VeChainThor Blockchain.The partners are two of the leading Chinese energy and gas companies, ENN Energy Holdings and state-owned Shanghai Gas…

Petoro Flags Rising Costs for Oil Industry

Nov 01, 2018

Norway's oil industry must harness digital technology and foster deeper partnerships across the sector to contain rising costs, Petoro, which manages the government's stakes in the country's offshore fields, said on Thursday.Executives of oil…

Blue-Gift to Implement Marine Power Project

Nov 01, 2018

The European Marine Energy Center (Emec) in Orkney, Scotland, will lead a project to support the development of wave and tidal power in coastal areas of north-west Europe.The project has been approved by Interreg Atlantic Area which will support…

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