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Exploration Briefs For Feb. 2
Like just about every other sector in the oil and gas industry, the lingering oversupply-driven downturn crushed activity and continued to nip away any demand left for equipment for the subsea sector last year.
The U.K.’s National Subsea Research Initiative (NSRI) said operations and maintenance (O&M) services—particularly inspection, repair and maintenance (IRM) activities—offer traditional oil and gas industry-orientated subsea players “the highest potential to diversify into offshore wind.”
Tough times for the oil and gas industry have led offshore operators to subsea technology to help cut costs as many lean toward standardization and simplified yet innovative concepts.
Aker Solutions and MAN Diesel & Turbo have revealed plans to cut the size and weight of subsea compression systems by “at least 50%,” with the new generation system capable of bringing many medium- and small-sized gas fields into the realm of economic viability.
Floater Briefs For March 9
Floater Briefs For Feb 16
Floater Briefs For Feb. 2
Floater Briefs For Dec. 2
Vessel Briefs For Nov. 18
A report from U.S.-based Zion Market Research forecasts global FPSO market growth between 2015 and 2021 as oil and gas E&P expands in deepwater, ultradeepwater and offshore fields.
Watch out for the impact of floating LNG (FLNG) storage in 2017 and 2018, particularly during the seasonal “shoulder months,” Genscape advised.
Rising oil prices are boosting hopes that more FPSO units will join the workforce following years of lackluster activity caused mostly by spending cutbacks driven by the downturn.
But a quick turnaround is not expected, considering the long lead time needed for offshore infrastructure.
In a joint announcement, NextDecade Global Solutions, a subsidiary of NextDecade LLC, and FLEX LNG revealed that the two companies have signed a heads of agreement (HoA) to create a full-value chain solution for customers looking to purchase LNG from NextDecade’s Rio Grande LNG export project in Brownsville, Texas.
Consider the remote offshore oil or gas field with minimal or no infrastructure. What is the best choice? Easy. Most operators would go with an FPSO, which offers storage in the hull and direct off-loading to tankers.
Norway will review whether to tighten offshore safety rules after “repeated failures” at Eni's Arctic Goliat Platform, including a power outage during the week of Aug. 22, a minister said.
A bill that would allow companies other than state-led Petrobras to run new oil and gas projects in Brazil’s prolific subsalt region advanced on July 7 when a committee of the lower house of Congress voted to recommend it in hopes of reviving stalled petroleum investment.
Classification specialist ABS has entered into a memorandum of understanding with a group of Korean companies to develop new offshore design standards.
Subsea UK has launched a new support service to help companies bring new talent into the subsea sector by making it easier to recruit apprentices.
Policy, Politics And Safety Briefs For Dec. 4
Development Briefs For Nov. 18
Exploration Briefs For Nov. 4
Development Briefs For Nov. 4
The 205/21a-7Z horizontal sidetrack well on the Lancaster Field offshore the U.K. has achieved a sustainable flow rate using an electrical submersible pump, according to Hurricane.
Development Briefs For Oct. 21
Statoil and its partners will make a decision before year-end 2016 to proceed with the expansion of the $3 billion to $3.3 billion Snorre Field in the Norwegian Sea.
Finding new cost-saving, quicker subsea solutions for deepwater projects are part of the quest for most oil and gas companies.
India’s state-run ONGC Ltd. is preparing to launch an integrated development plan for gas fields in two adjacent shallow-water blocks—KG-OSN-2004/1 and GS-49-2—in the Bay of Bengal.
Technip has won in the race for the contract to develop the Bahr Essalam phase 2 project in the Central Mediterranean Sea offshore Libya.
A deepwater wildcat is underway in Bulgaria’s Black Sea sector which could open up a whole new play, according to OMV’s exploration chief.
Hempel has released two new coatings that aim to increase the service life and reduce on-station maintenance requirements of offshore assets.
DOF Subsea, working with Sonardyne, 2G Robotics and Seatronics, has released a new underwater surveying technique in which ROV-mounted and mapping operations are conducted while the vehicle is in motion.
Subsea technology firm Optime Subsea Services and Telemark Technologies, a Norwegian engineering company, teamed up to push out a modular well completions system for the offshore oil and gas industry.
The Subsea Services Alliance, a collaboration between Helix Energy Solutions Group Inc. and Schlumberger, have launched development of the first riserless open-water abandonment module (ROAM).
Having successfully completed testing of the world’s first subsea gas compression system on the Ormen Lange Pilot project offshore Norway, Anglo Dutch major Shell and its partners are now gearing up to kick start the process of simplifying the total system that is seen as the next step for the technology, GE Oil & Gas said.