Technology Exclusives

The jackup drilling market could fare better than others amid the oil and gas industry’s spending slowdown.

The combined company will be a little more than half the size of larger rival Schlumberger Ltd.

Operators hope for certainty in SGER decision.

The country aims to increase production and hopefully revenue.

Companies make plans for seismic work in search of finding oil and gas offshore.

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

Wood Group PSN will continue its provision of engineering, procurement and construction services to the Hibernia platform.

Cooperation between three companies developing solutions for deepwater installation has led to the introduction of a new system capable of handling heavy loads at depths of well over 3 km.

CMM has secured contracts with Petrobras to charter five newbuild fast oil spill response vessels using a fuel-efficient Sea Axe design by Damen Shipyards Group.

Eni and Turkmenistan’s State Agency for Management and Use of Hydrocarbon Resources signed an addendum to a PSA for onshore activity and a memorandum for offshore activity.

Bibby Offshore has been awarded a multimillion-dollar contract award by Total E&P UK Ltd. for services in the U.K. Continental Shelf.

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

West Alpha could end up operating offshore Norway instead of going back to Russia in 2015, said Dominic Genetti, operations manager for Exxon Mobil in Norway.

Pulse has designed, manufactured and installed a powerful motion and strain monitoring system to verify the design of the first lazy-wave steel riser system to be installed in the Gulf of Mexico (GoM), a news release said.

​Field development activity in Southeast Asia is moving along at a steady pace, with the region on course to play a key role as a nurturing ground for a growing fleet of FLNG projects in the coming years.

Sembcorp Marine announced that its subsidiary PPL Shipyard has secured a $240 million contract to build a new jackup drilling rig from BOT Lease Co. Ltd. 

Two new 150-ton bollard pull anchor handling offshore support vessels being built at the Colombo Dockyard in Sri Lanka have been designed by Wärtsilä and will be powered by Wärtsilä integrated propulsion systems.

Technology Operations

The  Caribbean  FLNG facility undocked from the Wison Offshore  &  Marine  dry  dock  in  Nantong,  China.

Statoil said its Johan Castberg oil discovery in the Arctic Barents Sea can be developed profitably even after oil prices have tumbled more than 30% since June.

Profire Energy has acquired the assets of VIM Injection Management, an oilfield chemical-injection technology company based in Alberta, Canada, a news release said.

CTF has handed over two modules for the first of a series of six vessels to an international consortium led by Petrobras.

Technip has plans to spend €68 million (US$85 million) over four to modernize its flexible pipe manufacturing plant, Flexi France, in Le Trait, France, according to a news release.

Technology People

Cubility has named Kai Preben Sæveland as the company’s CFO, according to a news release.

KBC Advanced Technologies appointed Andrew Howell as CEO with effect from Jan. 1, 2015.

Edward S. Jacob III has been elected chairman of the International Association of Drilling Contractors (IADC) by its board of directors, according to a news release.

Memorial Production Partners LP appointed Christopher S. Cooper as senior vice president and COO.

William L. Transier has resigned from his position as president and CEO of Endeavour International, effective Dec. 1, according to a news release.

Technology Regulations

A bill to create the company, with shares to be sold to the public, was approved by the cabinet of the Kurdistan Regional Government, Kurdish Prime Minister Nechirvian Barzani said in a statement.

SBM Offshore has reached an out-of-court settlement with the Dutch Public Prosecutor’s Office (Openbaar Ministerie) over the inquiry into alleged improper payments, the company said in a news release.

The American Petroleum Institute (API) has published five recommended practices for the design, construction and maintenance of offshore structures used in oil and natural gas drilling and production operations, according to a news release.

The industry has already filed a lawsuit challenging the election result.

Oil companies operating in Norway, headed by state-controlled Statoil, will cut investments next year after a decade of growth to cope with rising costs and falling returns.