DNV GL JIP Urges Natural Gas Industry To ‘Be Ready For Hydrogen’
Transmission and distribution system operators (TSOs and DSOs) in the natural gas sector are under increasing pressure to reduce CO2 emissions and increase access to the natural gas infrastructure for renewable gases. However there are currently no existing guidelines for the preparation of these networks for the injection of hydrogen …
Hardbanding Solutions: New Hardbanding Procedure Increases Service Life Of Completion Tubing Connections
A new standard operating procedure for the application of Duraband® NC hardbanding on completion tubing connections has just been released by Hardbanding Solutions by Postle Industries. The upset connections of 2-7/8 and 2-3/8 tubing are experiencing excessive wear in many drilling environments, especially horizontal drilling. This excessive wear is not …
TGS and EMGS Expand Coverage of 3D Electromagnetic Data over the Barents Sea
TGS and Electromagnetic Geoservices ASA (EMGS) have agreed to further expand the Companies’ previous cooperation agreement in the Barents Sea. TGS will partner with EMGS to acquire electromagnetic (EM) data over approximately ten new blocks in the Nordkapp and Tiddly areas. The new 3D EM data will be acquired by …
Saipem: Yet to Receive Formal Notice of South Stream Cancellation
With reference to the contract for the construction of the South Stream pipeline, Saipem notes the statements made by the Russian authorities and Gazprom’s chairman in the media. Saipem states that it has not received any formal notice of termination of the contract from the client, South Stream Transport BV. …
New DNV GL Recommended Practice Will Provide Unified Safety Approach to Subsea Lifting
The completion of a joint industry project (JIP) to improve existing standards and regulations around subsea lifting operations has resulted in a new recommended practice (RP). The recommended practice developed by DNV GL, the leading technical adviser to the oil & gas industry, provides guidance on the proper design and …
Weatherford to Sell its Engineered Chemistry and Drilling Fluids Businesses for $825 Million in Cash and Earnout
Weatherford International plc has signed a definitive agreement with an affiliate of The Lubrizol Corporation (“Lubrizol”), a Berkshire Hathaway company, for the sale of the Company’s engineered chemistry and Integrity drilling fluids business. The businesses will be sold for $750 million in cash, subject to customary purchase price adjustments, plus …
Northern Offshore: Delays Energy Endeavor Jack Up Contract With Rosneft
Northern Offshore, Ltd. today issued an update to its July 30, 2014 announcement of a 2 1/2 year contract with Rosneft for its jackup drilling unit Energy Endeavor. In conjunction with partners North Atlantic Drilling and Seadrill, Northern has agreed to delay the transaction until the end of May 2015. While Northern …
C.A.T. oil Achieved All-time High in Job Count, Profitability and Earnings in Q3 2014
C.A.T. oil AG, one of the leading providers of oil and gas field services in Russia and Kazakhstan, successfully continued on its profitable growth track in the third quarter. The Company successfully boosted revenues and achieved a signifi- cant earnings growth despite persisting geopolitical instabilities. C.A.T. oil benefited from positive …
Integra: Wins Tender for Well Logging Services With OJSC RN-Nyaganneftegas
On 24 November, LLC Geophyzservis is part of Integra Group won the tender at the same time for two large OJSC RN-Nyaganneftegas lots for long-term wireline logging and operations in well services A s part of a three-year contract as of 1 January, 2015, until the end of 2017 wireline …
Arctech: Starts Production of the New Icebreaking Multipurpose Supply Vessel
The production of the icebreaking multipurpose supply vessel for Sovcomflot was started with steel cutting on 26 November 2014. The ceremony took place at Vyborg Shipyard, where the blocks of the vessel are produced. The production start was attended by representatives from Sovcomflot, United Shipbuilding Corporation, Russian Maritime Register of …