Technology Exclusives

The country plans to offer shallow-water blocks in addition to deepwater and unconventional blocks.

The West African country is making available seven blocks offshore to potential investors.

McCarroll: Regulation, infrastructure, hurricanes, and staff and equipment are biggest production hurdles.

Energy XXI CEO John Schiller shares his views on the foundation for a sustainable company.

Technology Completion

A process called forward-osmosis is applied to clean water used in hydraulic fracturing.

Researchers estimate that for every gallon of water used to frac for natural gas, Texas saved 33 gallons of water by using that gas for electricity generation.

Technology Contracts

Construction is due to start in January 2015 for completion in March 2016. 

McDermott International Inc. was awarded a transportation, installation and precommissioning contract by a subsidiary of Petronas for the Bukit Tua Development Project.

Ocean Rig UDW Inc. has been awarded extensions of the drilling contracts for its two ultradeepwater drillships, the Ocean Rig Corcovado and the Ocean Rig Mykonos, by Petrobras.

Serinus Energy has entered a contract with Tacrom Drilling SRL, which will provide its Rig #3 for the upcoming two well drilling program in the Satu Mare license in northwest Romania, according to a news release.

Vallianz Holdings Ltd. has clinched letters of award and new charter contracts with total value of $64 million in Mexico, West Africa and the Asia-Pacific region.

Technology Digital

Data-driven models can shed light on factors that influence operations.

The push to exploit big data and apply analytics comes as operators work to increase production.

Technology and an abundance of data are forcing oil and gas companies to make changes and prepare for new ways of operating.

According to a PwC survey, 49% of CEOs are somewhat or extremely concerned about cyberattacks in their organization.

Technology Equipment

The drillship has commenced operations in the Keathley Canyon area.

Libra Consortium signs letter of intent for charter of its first FPSO for extended well tests.

Halliburton Opens Argentina’s First Sand Storage, Loading Facility

Delta House Semisubmersible Arrives On GoM Site

Technology Operations

LDD, an Acteon company, has finished a specialist foundation installation for the Etame Marin Block field expansion project offshore Gabon.

SBM Offshore has launched two companies, Imodco Terminals S.A. and Imodco Services S.A.

Opportunities include exploration, deepwater projects, revitalization of mature fields, heavy and extra-heavy oil onshore and offshore fields, high water production fields and other upstream activities.

The agreement will allow the companies to jointly pursue opportunities worldwide.

​Norway urged explorers like Statoil and Lundin Petroleum to combine Barents Sea oil finds of as much as a billion barrels to make them profitable as output from the nation’s aging fields has slumped by half since 2000.

Technology People

Total SA CEO Christophe de Margerie died when his airplane struck a snowplow on a Moscow runway.

Energy XXI has appointed Bruce W. Busmire to the position of CFO, replacing West Griffin who is stepping down effective Oct. 20, 2014, the company said in a news release.

​Malcolm Webb, chief executive for Oil & Gas UK, intends to retire next year, the trade association said in a news release.

Robert Fraser has been named regional business development manager for Greene’s Energy Group, the company said in a news release.

BG Group has appointed Helge Lund as CEO and as executive director, effective March 2, 2015.

Technology Regulations

ATP Infrastructure Partners will pay a $1 million civil penalty and perform corrective measures to resolve claims by the U.S. under the Clean Water Act and the Outer Continental Shelf Lands Act (OCSLA) of unauthorized discharges of oil and chemicals from an oil platform into the Gulf of Mexico (GoM).

The sale is scheduled to to take place in New Orleans in March 2015.

The country may become the world’s third-largest exporter of LNG.

ICC arbitration is a separate and independent legal action from the investment treaty arbitration against the government of Venezuela.

Exxon Mobil Corp. was awarded a $1.6 billion settlement by an international arbitration panel for assets seized by Venezuela’s government in 2007, less than the crude producer had sought.