Month: September 2019

Data stands king, and it’s no diverse in risk, reliability and maintenance

Whether process plant, module or installation, the refinement of risk and maintenance planning is a constant process and one that involves the management of a vast set of variables. Everything from wave conditions to wind speeds, pipeline pressure to valve performance, all have to be factored in order to understand the performance and condition of …

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A recent oil price jump might create further drive for service sector margins, according to Rystad Energy.

60% of the top 50 oilfield service (OFS) contractors already improved margins and increased operational efficiency in the first half of 2019. On average, the peer group recorded an EBITDA margin of 15.2% in the first six months of the year, compared to 14.6% in the same period last year. “This is a pleasant trend …

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Europa Oil & Gas presented large exploration licence, offshore Morocco

Europa Oil & Gas has been presented a new Exploration Permit (Inezgane Offshore Permit or the licence), covering an area of 11 228 km2 in the Agadir Basin, offshore Morocco. A formal letter of award from the Office National des Hydrocarbures et des Mines (ONHYM) is expected shortly and, following confirmation of its acceptance, Europa will …

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Emerson accelerate digital conversion of the oil and gas industry

Emerson, an engineering and technology company, has broadcast that its entire Exploration and Production (E&P) software suite is now available on the cloud. This will enable oil and gas companies to take advantage of digital technologies to improve their demonstrating and optimise their production in new and established reservoirs. Emerson now delivers seismic processing and …

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