Technology Exclusives

The deadline to submit bids for the onshore and offshore blocks is Feb.18, 2015.

Companies are willing to drill deeper and farther from shore.

Panelists emphasize profit margins and reserve potential.

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.

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

Claxton Engineering, an Acteon company, has been awarded a 12-month contract for multiple well slot recoveries in the Arabian Gulf, enabling a field operator to extend the economic life of its platform and well assets, according to a news release.

Saipem has been awarded a new engineering and construction contract in Saudi Arabia and new drilling contracts in the Middle East and Latin America cumulatively valued at about $2 billion, according to a news release.

The contract covers various project management engineering and installation works.

Songwon and its distributor UTS have signed a long-term cooperation agreement to supply SIBUR with additives used in polypropylene, polyethylene, rubbers, thermoplastic rubbers and polyvinyl chloride

EMAS AMC has won multiple new awards from various energy companies valued at more than $70 million.

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

KrisEnergy Ltd. has chartered the Rubicon Vantage FSO vessel and a catenary anchor leg mooring (CALM) buoy for the Wassana oil development in the G10/48 license area in the Gulf of Thailand, a news release said.

The FPS is designed for peaking capacity of 100,000 bbl/d of oil and 240 MMcf/d of gas. 

Savanna will deploy four top drive single (TDS) drilling rigs to operate in Queensland for an existing customer to support its east coast LNG project. 

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.

Technology Operations

The agreement, with Subsea 7, covers a variety of diver and ROV-mounted uses in an offshore energy setting, according to a news release. 

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

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

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.

Technology People

DNO ASA has appointed Jeroen Regtien as COO.

Seadrill Ltd.’s board of directors has appointed Ørjan Svanevik to fill the vacant board position, following the resignation of Carl Erik Steen, according to a news release.

VAALCO Energy has appointed Andrew L. Fawthrop to the company’s board of directors, effective Nov. 1, 2014, according to a news release.

Total SA appointed Patrick Pouyanne CEO, succeeding Christophe de Margerie, killed in a plane crash earlier this week.

Noble Energy’s board of directors has elected David L. Stover as president and CEO, succeeding Charles D. Davidson as CEO, the company said in a news release.

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.