Oilfield Technology

Palladian Publications, located in Farnham, Surrey, England, focuses on producing top-notch technical magazines aimed at professionals in key industries. Our magazines reach a diverse audience of readers across more than 150 countries on all five continents. Notably, over 95% of our revenue comes from international markets.

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Vallourec receives a major OCTG notice of award from Sonatrach in Algeria

1 week ago | oilfieldtechnology.com | Elizabeth Corner

Published by Elizabeth Corner, Senior Editor Oilfield Technology, Tuesday, 15 April 2025 13:35 Vallourec, provider of premium seamless tubular solutions, has received a notice of award to supply Oil Country Tubular Goods (OCTG) to Sonatrach, the Algeria's national oil and gas company. Vallourec will deliver carbon steel OCTG threaded with its premium VAM® connections, which have been recognized as the proven standard for the Algerian market.
EnerMech secures cranes and lifting contract for Anasuria FPSO in North Sea

1 week ago | oilfieldtechnology.com | Elizabeth Corner

EnerMech has been awarded a three year cranes and lifting services contract for the Anasuria floating production storage and offloading (FPSO) vessel, located 127 km east of Aberdeen in the central North Sea. Secured following a competitive tendering process, the contract, awarded directly by Anasuria Operating Company (AOC), builds on the existing relationship established through the previous duty holder since October 2020.
Miros strengthens oil spill detection system with cloud-enabled capabilities

1 week ago | oilfieldtechnology.com | Elizabeth Corner

Miros, provider of real-time ocean insights for maritime and offshore operations, has made a significant update to its Oil Spill Detection (OSD) system. The latest version of the Miros OSD now features cloud-enabled capabilities, a natural product evolution that further distinguishes it from other oil spill detection solutions on the market while aligning seamlessly with the company’s other cloud-enabled products.
Öresundskraft and INEOS led Project Greensand sign CO2 storage agreement

1 week ago | oilfieldtechnology.com | Elizabeth Corner

Öresundskraft Kraft & Värme AB and INEOS on behalf of Project Greensand have signed an agreement to investigate the opportunity to store up to 210 000 tpy of CO2 from Sweden in Denmark. The captured carbon dioxide is planned for safe and permanent storage in Greensand storage facility located in the Danish part of the North Sea, with the first volumes expected to be stored from 2028.
Vallourec in exclusive negotiations to sell Serimax for €79 million

1 week ago | oilfieldtechnology.com | Elizabeth Corner

Vallourec, a world leader in premium seamless tubular solutions, announces today that it has entered into exclusive negotiations with Aldebaran, a French investment company, for the sale of Serimax, Vallourec’s subsidiary specialising in mechanised welding solutions, for an enterprise value of €79 million, of which €7 million will be paid via an earn-out.
Zenith Energy successfully delivers well in Polish waters for client Central European Petroleum

1 week ago | oilfieldtechnology.com | Elizabeth Corner

Zenith Energy, a well engineering consultancy and project management company with offices in Aberdeen, Perth Australia, Dakar Senegal, and Abu Dhabi, has announced the successful delivery of the Wolin East 1 (WE 1) well for client Central European Petroleum (CEP) offshore Poland.
EIA expects less oil demand and lower oil and gasoline prices in an uncertain market

1 week ago | oilfieldtechnology.com | Elizabeth Corner

The US Energy Information Administration (EIA) expects recent developments in global trade policy and oil production to contribute to lower global demand growth for petroleum products through 2026, which contributes to significantly lower oil prices than previously forecast. In its April Short-Term Energy Outlook (STEO), EIA points out significant uncertainties in energy supply, demand, and prices.
Shell Offshore announces start of production Dover subsea tieback, Gulf of Mexico

2 weeks ago | oilfieldtechnology.com | Alfred Hamer

Published by Alfred Hamer, Editorial Assistant Oilfield Technology, Thursday, 10 April 2025 09:20 Shell Offshore Inc. (Shell), a subsidiary of Shell plc, has announced the start of production at Dover, the second subsea tieback connecting new wells to the existing infrastructure of the Shell-operated Appomattox production hub in the Gulf of Mexico. Dover brings an estimated peak production of 20 000 boe/d.
Borr Drilling announces new contract commitments for three of its jack-up rigs

2 weeks ago | oilfieldtechnology.com | Alfred Hamer

Borr Drilling Ltd has announced new contract commitments for three of its premium jack-up rigs and additional fleet updates. Secured new awards for the rigs Thor, Gerd and Norve with an expected combined duration of 774 days and estimated contract revenues of approximately US$120 million, excluding mobilisation and demobilisation fees. Received re-mobilisation notices for the rigs Galar, Grid and Gersemi, which were previously suspended in Mexico.
Rystad Energy: significant risk to US operators following tariff announcements

2 weeks ago | oilfieldtechnology.com | Elizabeth Corner

US President Donald Trump’s announcement of sweeping tariffs on 2 April sent shockwaves across the globe, with the stock market witnessing its second lowest trading day since 2020. In the current price environment, Rystad Energy predicts significant risks to US operators who could be forced to bring down their pace of production growth.