Exclusives

Technology has been a key ingredient to helping the oil and gas industry navigate life in oil and gas fields post-downturn.

When it comes to improving field economics, industry leaders say subsea boosting should be considered a “default solution” when developing hydrocarbon resources offshore.

Work on the next generation of all-electric subsea production systems is being advanced, albeit not swiftly, as there is a three-way competition amongst big hardware companies.

With many traditional oil and gas contractors now diversifying into offshore renewables, the recent acquisition of Seaway Heavy Lifting will give buyer Subsea 7 a stronger foothold in this market, which it has targeted as a growing sector.

The downturn may have pushed oil and gas companies closer to technology as they move toward more cost-effective and operationally efficient subsea developments. But robotics could help lead to further improvements.

Floater Briefs

Floater Briefs For July 27

Floater Briefs For July 13

Floater Briefs For May 25

Floater Briefs For May 11

Floater Briefs For April 20

Floater News

Delfin Midstream and Golar LNG Ltd. said they have signed an agreement to develop the Delfin LNG project off the coast of Cameron Parish, La., utilizing Golar’s floating LNG (FLNG) technology.

For the first time, the U.S. Department of Energy has granted approval for a floating gas terminal to export LNG to countries not in a free-trade agreement with the U.S.

Petronas marked an important milestone in the LNG industry in late March by shipping the first cargo from a floating liquefaction unit.

An updated forecast shows a resurgence of FPSO activity in the years ahead as falling project costs and improving market conditions boost optimism for brighter days ahead.

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.

Policy

Policy Briefs For July 27

Policy Briefs For July 13

A regulatory move by the U.S. Bureau of Safety and Environment Enforcement (BSEE) gives offshore drillers more time for development operations.

Brazil’s presalt fields have the potential to make the country self-sufficient in gas production; however, energy policy changes are needed to reach the goal, according to a study released by the Federal University in Rio de Janeiro.

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.

Project Briefs

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

Project Updates

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.

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.

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.

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.

Technology

Challenges and opportunities are plentiful in the digital oil field.

In June Petrobras reached a record high oil and gas output of 2.81 MMboe/d, up 0.6% compared to the previous month.

Amid the disconcerting economic news of the past several years, a quiet revolution has been taking place. Pre-engineered, capital-efficient solutions are carving a niche in the industry product roster.

As the quest to find new sources of oil and gas takes operators farther and deeper offshore into harsher environments, so does the need for technologies capable of withstanding higher temperatures and pressures.

The oil industry’s top equipment and services suppliers are hawking vastly cheaper ways of designing and equipping subsea wells, aiming to slash the cost of offshore projects to compete with the faster-moving shale industry.