Oil & Gas Technology News Archive

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	Equinor Awards Long-term Frame Deals to Seismic Players PGS and Shearwater 10th March 2021 “This is a new way of working with seismic suppliers. We are moving away from annual tenders towards a more long-term collaboration model. This will ensure improved predictability and more sustainable...
	Equinor unearths new oil discovery near Johan Castberg field 10th March 2021 Equinor and partners Vår Energi and Petoro have struck oil in exploration well 7220/7-4 in production licence 532 in the Barents Sea. Recoverable resources are so far estimated at between 5 and 8 million...
	Sparrows Group secures five-year US deal with major operator 10th March 2021 The seven-figure deal will see Sparrows’ Houston team deliver crane inspection, maintenance, testing and repair services at two onshore facilities and a platform in the Gulf of Mexico. In addition,...
	New collaboration brings together high speed ROV capability and reduced costs 10th March 2021 The agreement sees the permanent installation of one of UCO’s observation and inspection ROVs aboard Gulfxstream’s MV Viking. This means the spread can be mobilised at short notice and, with MV...
	Chevron Reinforces Plan to Deliver Higher Returns, Lower Carbon 9th March 2021 At its annual investor meeting today, Chevron Corporation announced plans to increase return on capital employed and lower carbon intensity to enable superior distributions to shareholders.“...
	Shell sells Western Desert assets to Cairn, Cheiron 9th March 2021 Shell Egypt and one of its affiliates have signed an agreement with a consortium made up of subsidiaries of Cheiron Petroleum Corporation and Cairn Energy PLC to acquire Shell’s upstream assets in...
	Maersk Training UK launches upgraded £720k training and safety centre 9th March 2021 The investment has allowed for the training facilities to be upgraded and strengthens the centre’s safety offerings to the North Sea workforce. The installation of new technology will allow the centre...
	Ancala Midstream secures multi-million pound gas transportation and processing contracts with Lundin Energy Norway 8th March 2021 The Solveig field is operated by Lundin Energy Norway AS (“Lundin”) one of Europe's leading independent oil and gas exploration and production companies. First gas is expected in Q3 2021 and...
	Maersk Drilling secures one-well contract to reactivate Maersk Resolute 8th March 2021 The contract is expected to commence in April 2021, with an estimated duration of 45 days. The contract value is approximately USD 4.5m.Prior to commencement of the contract, Maersk Resolute will be...
	McDermott Invests in Lummus Technology 8th March 2021 McDermott International has announced that it has invested in Lummus Technology Holdings I LLC, a holding company of Lummus Technology. Under the terms of the share and asset purchase agreement for the sale...