Oil & Gas News

Despite the age of big data, 71% of organizations still rely on a single data source to analyze asset performance and risk management – instead of drawing information from multiple sources for a more comprehensive view, reveals a report released by Lloyd’s Register at Gastech.

At the SPE Annual Technical Conference and Exhibition in Canada, September 30 till October 2, Clariant Oil Services will unveil its new WAXTREAT SubZero Pour Point Depressant (PPD) technology. This novel innovation will help oil production companies, especially operating in cold climate regions, overcome the challenges associated with the transportation of waxy crude oils and the mitigation of wax deposition.

Leading underwater inspection provider, Welaptega, has used its pioneering optical chain measurement system (CMS), complete with new automated edge tracking software, to execute a mooring inspection campaign for BP offshore Angola in very challenging subsea conditions.

Talos Energy Inc. has announced that it has entered into two separate agreements with BP plc ("BP") and Exxon Mobil Corporation ("ExxonMobil") related to new exploration opportunities in the U.S. Gulf of Mexico. The Company will work with BP to drill and evaluate the Puma West prospect ("Puma West"), located in Talos-owned Green Canyon Block 821, in the fourth quarter of 2019. Additionally, Talos has acquired from ExxonMobil the Hershey prospect ("Hershey"), located on Green Canyon Blocks 326, 327, 370 and 371.

Equinor and its partners AkerBP and Wellesley Petroleum have found gas in the Ørn exploration well south-west of the Marulk field in the Norwegian Sea. Recoverable resources are estimated at 8–14 million standard cubic meters of oil equivalent, corresponding to 50–88 million barrels of oil equivalent (boe).

Emerson, a global engineering and technology company, announced its entire exploration and production (E&P) software suite is now available on the cloud, enabling oil and gas companies to securely take advantage of digital technologies to better model and optimize production in new and established reservoirs.

Talos Energy Inc. announced that it has received a two-year contract term extension as well as regulatory approvals for additional exploration activities on Block 7, located in the offshore portion of Mexico's prolific Sureste Basin. Talos is the operator of Block 7 in a consortium (the "Consortium") with its partners Sierra Oil & Gas, a Wintershall DEA company, and Premier Oil plc.

McDermott International, Inc. announces that its joint venture Qingdao McDermott Wuchuan Offshore Engineering Co. Ltd (QMW) in Qingdao, China, has been awarded a large* contract to provide three complex modules for the Arctic LNG 2 Project in the Yamal-Nenets Autonomous Region in Russia.

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