UK-based independent Premier Oil has completed its deal to by E.ON's UK North Sea assets. On 13 January 2016, Premier announced that it had agreed to acquire the whole of E.ON's UK North Sea assets for a net consideration of US$120 million…
Petrofac has been awarded a duty holder contract from BP to support the late life management of the Miller platform, in the UK central North Sea. The contract is for 'life of asset' but has a four-year ceiling at which point extension options will be reviewed as required…
Aberdeen-based upstream consultancy Add Energy has agreed to a new, global maintenance integrity and asset performance management agreement with Shell. The contract, valued at approximately £3 million (US$4.3 million), will secure jobs for more than nine people over the next three years…
Marathon Oil has agreed to sell its 10% stake in the giant Shenandoah oil discovery in the US Gulf of Mexico as part of a major sell-off of assets. The firm has already sold out most of its major assets in the Gulf of Mexico. In November last year…
Oceaneering International has appointed William (Bill) J. Boyle as its new senior vice president, asset integrity. In this role, Boyle will be responsible for Oceaneering’s Asset Integrity business worldwide. This business provides asset integrity management…
Asset Guardian Solutions Ltd. (AGSL), which specializes in protecting companies’ process control software assets, announced that Total has selected its software management platform Asset Guardian. The software will help to secure the integrity…
The hype around buzzwords like big data and data analytics has created both believers and skeptics. Wary players in the offshore industry have adopted a wait-and-see approach, hoping clear business solutions will solidify. In dealing with disruptive technology…
Fabricom Offshore Services has been contracted for brownfield modification work on GDF Suez's recently installed Cygnus installation in the southern North Sea. As part of the work, it will use AVEVA's LFM Server and AVEVA Laser Model Interface…
ABS Group subsidiary Genesis Technology Solutions has been awarded a contract by Golar LNG to develop an intelligent maintenance strategy for the company’s new fleet of floating LNG (FLNG) vessels utilizing the GoFLNG floating liquefaction technology…
Houston headquartered Marathon Oil has agreed to sell all its operated producing properties in the US Gulf of Mexico and a tranche of non-operated interests for US$205 million. The deal with an undisclosed buyer is said to be part of…
Oil and gas decision-makers are coming under increasing pressure to reduce asset downtime, according to new research. Commissioned by Lloyd’s Register Energy, the research polled 80 senior decision-makers in the oil and gas industry in October 2015…
Low oil prices and demands for industry wide efficiencies are driving the need to make the most of offshore oil and gas assets. On 27 October, the Energy Institute (EI) will host a conference in Aberdeen to discuss Asset integrity, ageing…
Gregory Hale shows how web-based software utilizes high definition photos and video to extend the life of aging assets. Screen capture of a web-based software solution that utilizes high definition photo and video technologies…
Baker Hughes announced the commercial release of its DeclineShift mature asset solution. “As wells and fields age, operating costs tend to rise as production declines. Operators have generally tried to meet this challenge by lowering cost per barrel…
Oil and gas operators will have to approach the challenge of decommissioning in new ways if the goal of maximizing economic recovery from the UK Continental Shelf (UKCS) is to be achieved, according to a report from professional services firm KPMG…
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