Equinor and APT aim to cut downhole costs
Equinor and Applied Petroleum Technology (APT) have joined forces in a R&D project that aims to replace costly downhole sampling and logging with more cost-efficient solutions. “How can we extract…
PTTEP becomes operator of G1/61 and G2/61, pushing forward production ramp-up to serve energy demand of the country
PTTEP becomes the official operator of the G1/61 project (Erawan, Platong, Satun and Funan fields) and the G2/61 project (the Bongkot field) under the Production Sharing Contract (PSC). The company…
MacDermid Offshore Solutions Releases Water-Based Hydraulic Fluid For Offshore Drilling Rigs
MacDermid Offshore Solutions (MacDermid), the leading provider of high-performance and environmentally-friendly products for the offshore oil and gas industry, has expanded its product line with the release of Erifon THF 32.…
CNOOC Announces 2 Projects Commenced Production
CNOOC Limited announced today that Luda 5-2 oilfield north phase I project and Kenli 6-1 oilfield 4-1 block development project have commenced production. Luda 5-2 oilfield north phase I project…
Well intervention services demand to foster coiled tubing market trends
The oil and gas industry enjoys a strong position in the world currently with nearly 95.55 million barrels of oil being produced daily in 2021. Predictions have been made that…
TechnipFMC Awarded Significant Integrated EPCI (iEPCI™) Contract by Wintershall Dea
TechnipFMC has been awarded a significant integrated Engineering, Procurement, Construction, and Installation (iEPCI™) contract by Wintershall Dea Norge AS for its Maria revitalization project. The project will boost production at…
Asia’s Largest Jacket “Haiji-1” Successfully Installed Offshore
EPCI contractor Offshore Oil Engineering CO.LTD (hereinafter referred to as COOEC) successfully launched “Haiji-1″,the largest deep water jacket in Asia, into position with high accuracy in the eastern waters of South…
Design Re-uses LNG Carrier Tanks to Simplify FLNG Construction
Kawasaki Kisen Kaisha, Ltd. (“K” LINE) and JGC CORPORATION (JGC) jointly developed a new concept of FLNG (floating LNG) Hull (Note 1) and have received Approval in Principle (AIP) (Note 2) from…
PETRONAS Achieves First Hydrocarbon From Bukit Tua Phase-2B Project in Indonesia
PC Ketapang II Ltd. (PCK2L), a subsidiary of PETRONAS, has achieved its first hydrocarbon in the successful drilling of the Bukit Tua Phase-2B’s BTJTB-T2 well located within the Ketapang Block,…
Artificial lift systems to play a key role in the optimization of oil & gas extraction
Increasing burden on mature oil reservoirs that require strong extraction solutions will underpin the significance of artificial lift systems as a key tool in optimizing well production Oil has been…
Barrick and Papua New Guinea sign new Porgera Shareholders’ Agreement
Barrick Gold Corporation – A new shareholders’ agreement has been signed by Barrick Niugini Limited (BNL) and the State of Papua New Guinea’s (PNG) nominee, Kumul Mineral (Porgera) Limited. The shareholders’ agreement…
Scarborough Receives Key Primary Approvals
Woodside, as operator for and on behalf of the Scarborough Joint Venture, has received key primary approvals from the Commonwealth-Western Australian Joint Authority to support execution of the Scarborough Project. The Scarborough…
GD Energy Products launches new timesaving SafeLock valve cover lock for drilling modules
GD Energy Products (GDEP), the leading total solutions provider for the drilling, well servicing and frac pumps market, has launched SafeLock, a hammerless quarter-turn valve cover lock for drilling modules.…
Digital oilfield technology and its role in the ongoing digitalization of the global O&G ecosystem
Digital oilfields will emerge as a game-changer for the oil & gas industry as it pivots toward remote monitoring and other technologies for more optimized operations. Technological advancements over the…
CNOOC Record High Net Profit from Continued Growth of Reserves and Production
CNOOC Limited announced its 2021 annual results for the year ended December 31, 2021. In 2021, CNOOC Limited adhered to the business strategy of seeking progress while keeping performance stable…