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This post was originally published on this siteThe oil recovery levels typical in subsea oilfields are not as high as they should be. Statoil has now set itself an ambitious goal for increasing oil recovery from subsea fields. Its ambition is to achieve 55% oil recovery by the year 2008. Currently, the average oil recovery […]

This post was originally published on this siteIt’s a problem all companies should be so fortunate to face: What should we do with all of this cash? An extended period of high commodity prices has helped many oil and gas companies realise record revenues, earnings, and cash flows. A recent industry survey by energy research

This post was originally published on this siteInterest in heavy oil production has increased in recent years because of the large reserves that are accessible. Estimating world reserves is difficult, but the total volume of heavy oil available is probably about the same as that of conventional oil. However, a major difficulty with heavy oil

This post was originally published on this siteIn the years following the Piper Alpha tragedy, the oil and gas industry in the UK made significant improvements in safety through the application of new hardware, design changes and modifications, and new policies and procedures. Dedication and hard work by the workforce and management alike had led

This post was originally published on this siteOver the last two years, e-procurement for marine purchasing has gone from a faddish curiosity to a business tool that mainstream operators are willing to invest in. Several oil and gas companies are also using e-procurement for supply and services to their offshore rigs situated in international waters.

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