Equinor will leave industry lobby group the Independent Petroleum Association of America (IPAA) over a disagreement about climate policy, the energy producer said on Friday.The Norwegian company is undertaking a review of its memberships of…
As drilling costs keep coming down for land-based wells in unconventional plays, offshore drillers face increased pressure to lower their costs. A key focus area: maintenance budgets for marine drilling risers. Instead of the traditional five-year…
Veteran energy industry association executive Erik Milito has been named as the new president of the National Ocean Industries Association (NOIA) and will to take the helm of the offshore energy association effective November 1, 2019.“Erik is a strong leader and an effective communicator…
German software provider Hanseaticsoft said Copenhagen-based Maersk Supply Service has opted to implement its Cloud Fleet Manager ship management system for vessels and shore-bases to manage crews and handle all crew-related tasks.Kevin Bro Beier…
The American Petroleum Institute (API) published three new integrity management (IM) standards for operating offshore floating production platforms, including facilities designed to produce natural gas and oil, and export liquefied natural gas (LNG)…
Customer pressure for 20,000 psi-capable equipment has persisted for over a decade, yet no industry standards have been firmed up. This hasn’t stopped orders for such equipment, although some were later cancelled.Baker Hughes, a GE company,…
Oil production in the North Sea will drop by 330,000 barrels per day (bpd) month-on-month in June 2019 as Ekofisk closes for planned work, according to Rystad Energy’s latest forecast.“Production is expected to remain stable through April 2019…
The geotechnical data acquisition company Geoquip Marine has confirmed the addition of a DP2 Multi-Purpose Offshore Support vessel to its fleet.The Geoquip Saentis is currently being fitted with the latest version of Geoquip’s GMR600 fully heave-compensated offshore geotechnical drilling rig…
API reports increase in U.S. crude stocks; Venezuela sanctions yet to spark rally but still supportive.Oil fell below $62 a barrel on Wednesday after a report showed a rise in U.S. crude inventories, countering expectations of a tightening market in 2019 because of OPEC-led supply cuts and U…
The oil and gas industry’s relentless focus on safety is paying off. Earlier this week, the American Petroleum Institute (API) released its Workplace Safety Report, which revealed occupational injuries and illness for the oil and gas industry…
DNV GL said it has secured a contract from the American Petroleum Institute (API) for the full-scale S-N fatigue testing of large diameter bolts. The objective of the program is to improve fatigue assessments of critical bolted connections particularly…
Vietsovpetro, a Vietnam-Russia oil joint venture, will start crude oil production at the Ca Tam field offshore southern Vietnam from Jan. 15, three sources with knowledge of the matter said on Tuesday.Ca Tam is the first new field to be brought…
The American Petroleum Institute (API) released its newest valve standard as part of the industry’s continuous efforts to improve operational safety and environmental protection.According to a release from the agency, the “Specification 6A”…
Weir Oil & Gas Pressure Control Dubai has been awarded its first three-year contract to provide in-country wellhead equipment and services to Abu Dhabi National Oil Company (ADNOC) Onshore from its API 6A manufacturing plant in Dubai.The hardware…
Schlumberger introduced the GROVE IST integrated seat technology ball valve. New ball valve technology features a patented seat-on-ball design that significantly improves performance over conventional metal-seated ball valves in addition to offering considerable size and weight benefits…
