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Oil and Gas Technology News

01st May 2013

The latest oil & gas news updates for global and emerging petroleum markets

Oil Industry News

A new methodology designed to address the major safety threat and multi-billion-dollar cost posed by corrosion under insulation (CUI) has been published by DNV GL, the technical advisor to the oil and gas industry. - 24th March 2020
Aker Solutions has entered a master agreement to provide umbilicals for Chevron-operated oil and gas fields in the US Gulf of Mexico. The company also secured the first work order under the new master agreement, to provide 24 kilometers (15 miles) of umbilicals for Chevron’s Anchor project. - 24th March 2020
Unity, Europe’s largest provider of well integrity technology, services and engineering solutions, has been awarded a three-year contract by Spirit Energy to maintain wellhead equipment across twelve platforms in the East Irish Sea, Southern North Sea and the Dutch sector of the North Sea. - 18th March 2020
5th March 2020

The spread of coronavirus continues to deepen the severity of the blow to global fuels demand. Rystad Energy now expects more than half of global oil demand growth to be lost in 2020. As global stocks increase by the day, the ongoing OPEC+ meeting is unlikely to result in cuts sufficient enough to balance the market, under all of our scenarios.
5th March 2020

Independent global completions service company Tendeka has received a Letter of Intent for a substantial multi-million-pound scope to supply sand-face completion equipment to Aker BP’s Norwegian assets.
5th March 2020

Aker BP and Framo have entered into a long-term contract for seawater lift pumps where compensation is directly linked to facility uptime. This is an important step in the modernization of the Norwegian shelf.