TranOcean Settles $20 Million With Alabama for Oil spill The owner of the drilling rig involved in the 2010 Gulf of Mexico oil spill is paying Alabama $20 million to resolve legal claims related to the disaster. Gov. Robert Bentley’s office announced the settlement Thursday with Transocean, owner of the Deepwater Horizon rig. The governor…
Pipeline Leak detection industry for the Oil and gas will grow say industry experts According to a study by TechSci Research, the global oil and gas pipeline leak detection industry is expected to surpass $1.8 billion in the next five years. This is in part due to the increase in oil and gas leaks over…
These Innovative Softwares will increase productivity and lowers cost for Oil and Gas companies All three application suites, Jason 9.0, Hampson-Russell 10.0 and Insight Earth 3.0, feature technological advancements, improved workflow integration and greater ease-of-use to help oil and gas companies better understand and characterize the Earth’s subsurface. New functionalities also enable users to assimilate…
Russia and Iran Discuss Oil and Gas Swap Deals Reuters Business news 10/23 Russian Energy Minister Alexander Novak said on Friday Kremlin-controlled gas producer Gazprom has offered gas supplies to Iran under a swap arrangement, and similar oil deals were also under consideration. Moscow has boosted efforts to foster political and economic ties with Tehran…