Companies

Oil price pressures UKCS firms to share resources to cut costs

Sep 25, 2015

UK North Sea oil operators will need to work in localized groups to optimise supply resources for as many as 140 decommissioning projects in the next five years, Fiona Legate, UK...

BG Group flags well integrity as ‘function-critical role’

Jun 24, 2015

BG Group has simplified numerous well engineering standards into one and removed organisational barriers between well integrity and production disciplines, highlighting operators’...

UKCS activity rises, Technip bags GoM contract, OIS seals 10-well North Sea deal

Jun 23, 2015

A selection of news from the last month.

Club decommissioning could cut P&A costs by 40%: Marathon Oil

May 26, 2015

Operators could slash Plugging and Abandonment costs for subsea wells by between 30% and 40% if they are willing to take a fully collaborative approach with rival producers, Jim...

ConocoPhillips calls for the development of “revolutionary” technologies

Mar 27, 2015

Operators such as ConocoPhillips are looking outside of the industry for “revolutionary” technologies that are able to slash costs when it comes to plugging and abandoning (P&A)...

Statoil: “We will halve P&A costs by the end of 2016”

Mar 27, 2015

Statoil believes that in less than two years it can cut the cost of plugging and abandoning a well by half. As well as cutting the expense, it aims to reduce the time needed to perform...

The effects of Statoil’s standardization on decommissioning projects

Mar 16, 2015

The standardization of designs and equipment for offshore field developments has become a major area of focus for operating companies, particularly in the North Sea.

MacGregor secures large subsea crane order from China’s ZPMC

Jan 6, 2015

MacGregor, part of Cargotec, has received a large order from Shanghai Zhenhua Heavy Industry Co Ltd (ZPMC).

Talisman Sinopec cancels Archer modular rig contract before it begins

Jan 6, 2015

Talisman Sinopec Energy UK Limited has canceled its contract with Archer to use its modular rig for drilling in the Montrose field, North Sea.

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