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Equinor hopes for a dry well near Troll, for potential CO₂ storage

Equinor hopes for a dry well near Troll, for potential CO₂ storage

For the first time, an exploration well is being drilled in the North Sea where the objective is not to find oil or gas. New York State governor Andrew M. Cuomo announced Equinor’s Empire Wind. Equinor and Masdar have joined forces with ORE Catapult to share floating offshore wind data. The well is being drilled...

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Equatorial Guinea announces winners of EG Ronda 2019 bidding round

Equatorial Guinea announces winners of EG Ronda 2019 bidding round

Equatorial Guinea’s Ministry of Mines and Hydrocarbons has announced the winners of the 2019 licensing round for its oil. Equatorial Guinea’s ruling party has expelled 42 of its members for their alleged role in a coup bid late last year. Equatorial Guinea’s army chief-of-staff, who was only appointed to the post in October. Two journalists...

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Peterson and Itaoca Offshore announce partnership for development of new Brazil terminal

Peterson and Itaoca Offshore announce partnership for development of new Brazil terminal

Itaoca Offshore and Peterson Offshore Group announced a partnership and consulting agreement for the development of the Itaoca project. Peterson has strengthened its relationship with Premier Oil, a leading independent exploration. Peterson Offshore Group Netherlands, hereafter ‘Peterson’, has excelled in its Achilles FPAL Verify Audit. Peterson Chemicals BV has again expanded its fleet of “portable...

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Equinor retreats from frontier exploration in Norway’s Arctic

Equinor retreats from frontier exploration in Norway’s Arctic

Equinor will reduce its focus on the frontier areas of the Barents Sea in another blow to Norway’s ambition to build a new oil province in its Arctic region. Equinor has signed an agreement to divest to Repsol its 63% interest in. Equinor reports adjusted earnings of USD 2.59 billion and USD 1.08 billion after...

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Coretrax acquires Churchill Drilling Tools, sets sights on further growth

Coretrax acquires Churchill Drilling Tools, sets sights on further growth

Specialist well construction and intervention company Coretrax has acquired Churchill Drilling Tools as part of an ongoing growth and expansion strategy. Coretrax has successfully completed an extensive three year decommissioning. Coretrax, leading engineered servicing company for wellbore clean and abandonment, has strengthened its position in the Middle East. Coretrax, the independent wellbore clean-up and abandonment...

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New DNV GL recommended practice on subsea welding removes uncertainty, improves quality

New DNV GL recommended practice on subsea welding removes uncertainty, improves quality

A new recommended practice (RP) to standardize operator requirements for welding and inspection of subsea equipment. The Universal Smart Energy Framework (USEF), co-developed by DNV GL. DNV GL has presented Samsung Heavy Industries Co., Ltd. (SHI) with an Approval in Principle (AIP) for the Cyber Secure. Northern Drilling’s West Mira is the first rig in...

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Rockwell Automation joins Accenture, Microsoft, PTC, ANSYS, and EPLAN to simplify digital transformation

Rockwell Automation joins Accenture, Microsoft, PTC, ANSYS, and EPLAN to simplify digital transformation

Businesses that are digitally transforming their operations need an ecosystem of partners that can help them simplify technology deployments. More than half of all respondents to an LNS Research survey said their industrial facility has experienced a cybersecurity breach. New Allen-Bradley FLEX 5000 safety I/O modules can meet the needs of producers in process and...

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Conoco launches plan to distance itself from shale, win back shareholders

Conoco launches plan to distance itself from shale, win back shareholders

ConocoPhillips announced a 10-year plan to buy back $30 billion of shares, equivalent to about half of its current market capitalization. ConocoPhillips reported third-quarter 2019 earnings of $3.1 billion, or $2.74 per share. Company announced it has entered into an agreement to sell the subsidiaries that hold its Australia-West assets. Company announced an increase in...

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Enpro Subsea completes latest subsea enhanced production campaign in Ghana

Enpro Subsea completes latest subsea enhanced production campaign in Ghana

Enpro Subsea has recently completed another two successful subsea hydraulic intervention campaigns for two operators in West Africa. Enpro Subsea has reached a Master Services Agreement (MSA) with Kosmos Energy aimed. Enpro Subsea has welcomed a new senior advisor to bolster the strategic team in the Americas. Operations were conducted from a single Multi Services...