The oil price collapse of 2014 triggered a wave of cost reduction among upstream businesses. Global oil and gas companies slashed capital expenditures by about 40% between 2014 and 2016. This delivered a clear message: everyone in the supply chain must advance cost reduction strategies for the offshore industry in order to remain competitive.

CARBO Ceramics Inc. (NYSE: CRR) announced KRYPTOSPHERE^® HD has been utilized by all super major E&Ps operating in the Gulf of Mexico, for deep, high stress wells.

The Maersk Oil operated high pressure, high temperature (HPHT) Culzean development in the UK North Sea has reached a key milestone with the safe installation of all three of the project’s jackets, on time and on budget.

Last week the jacket for the Johan Sverdrup riser platform was installed by Thialf crane vessel owned by Heerema Marine Contractors (HMC). Weighing a good 26,000 tonnes the jacket is the largest on the Norwegian continental shelf (NCS).

CGG has announced the start of its Gippsland ReGeneration 3D reprocessing project in Australia’s premier Gippsland Basin, in South-East Australia. The project will offer the industry the highest-resolution 3D seismic data available in this extremely prospective area.

Pipeline accidents are common - and the consequences can be disastrous.

Saipem and Petrobel have finalized offshore contract variations worth 900 million USD for Engineering, Procurement, Construction and Installation (EPCI) activities in relation to the “Optimised Ramp Up” phase of the “supergiant” Zohr Field Development Project situated in the Mediterranean Sea off the Egyptian coast.

In SINTEF's new edition of the handbook, it is extended to include experience from the operation of flexible pipes as well as updates on methods and technology in the years since the first edition of the handbook.

Following the demands of their customers to work with increased cable lengths, Blue Offshore, a rental company for specialized cable laying equipment, decided to upgrade the capacity of its existing equipment. Bosch Rexroth from Boxtel was approached, to increase the pulling force of the hydraulic cable tensioner and to upgrade and modernize the complete hydraulic installation.

TWMA, a leading provider of drill cuttings and slop handling, management and treatment solutions, has been awarded a contract estimated to be worth around £1million with UKCS-focused E&P company, Azinor Catalyst Limited (“Azinor Catalyst”).

Statoil and its partners have started production on the Byrding field as planned. Recoverable volumes in Byrding are estimated at a good 11 million barrels of oil equivalent.

Decommissioning will be a special focus at SPE Offshore Europe 2017 with a range of expert speakers announced as part of the plenary and new Decommissioning Zone technical program.

Mermaid Maritime Public Company Limited (“Mermaid”) announces that its Singapore wholly-owned subsidiary has recently been awarded a subsea contract with an estimated value of USD 5 million.

North Malay Basin is a long-life natural gas asset comprised of nine discovered natural gas fields with an estimated gross recoverable resource of more than 1.5 trillion cubic feet of natural gas and more than 20 million barrels of condensate.

Leading international oilfield services company, Expro, has been awarded a substantial contract from global oil and gas company Maersk Oil for the provision of subsea and well test services on two offshore units in the North Sea.

Exxon Mobil Corporation (NYSE:XOM) has announced it has discovered additional oil in the Payara reservoir offshore Guyana, increasing the total Payara discovery to approximately 500 million oil-equivalent barrels.