Technology Exclusives

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.

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

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

KBR, Inc. has been awarded a three-year master services agreement (MSA) with Statoil Petroleum to provide engineering and procurement services for Statoil on a global scale, according to a news release.

OneSubsea has signed a 10-year global frame agreement with BG Group to supply subsea production equipment and aftermarket services.

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. 

BP and the Tangguh partners have awarded two consortia onshore FEED contracts for the Tangguh Expansion Project (Train 3).

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

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 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.

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.

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.