Exclusives

Brazil politics, Brazil oil and gas, Michel Temer, auctions, corruption

Brazil is facing another political crisis, but its oil and gas sector will be fine, ANP says.

Using oil and gas industry technology and land-based wind technology, the U.S. offshore wind sector could help close the gap in electrical generation by 2050.

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

OTC, safety, offshore, Anadarko, ANP, Brazil, Shell

Operators and regulators agree sharing successes and failures can lead to a safer industry.

The subsea sector is maturing, and with more systems moving into the field, there is a growing need for verification and validation services that span the entire project spectrum, encompassing the vessel, risers and equipment. 

Contracts

Saipem received other offshore drilling contracts for work in the Mediterranean and the Black Sea, the press release said.  The total value of these new contracts is $230 million.

CGG GeoConsulting received a contract to supply digital well products to the U.K. government’s industry regulator, the Oil & Gas Authority (OGA), according to a May 31 press release.

Business Briefs For May 25

Business Briefs For May 11

Kongsberg Maritime will build the world’s first government-owned LNG-powered research vessel for Germany’s Federal Maritime and Hydrographic Agency (BSH).

Digital

Predictive analytics in real time offer opportunity to change course before incidents occur.

BP Norge enhances its existing experience in digital oilfield technology by creating two second-generation “fields of the future.”

Downhole

The National Academy of Engineering (NAE) pointed to the need for designing blowout preventers (BOPS) that operate “under all foreseeable conditions.”

Equipment

Saipem’s flagship vessels FDS2 and the Normand Maximus will carry out the work, which will begin in 2019.

An ESP solution combines a permanent magnetic motor with a side-pocket wet connect system.

A new anchoring solution ensures stability in hard soils.

The MOOR-Max is an inclusive all-in-one controlled mooring release system featuring preset mooring designs and installations with quick disconnect capability.

The vessel will be performing well intervention services under a multiyear contract with Petrobras, according to a Business Wire news release.

Operations

Operational efficiency is the watchword for E&P within the current low oil price scenario, and at the heart of this is innovation. That’s why Statoil established Statoil Technology Invest (STI) to support small and medium enterprises with new technologies.

Vessel Briefs For May 25

Anadarko Petroleum Corp. reported a bigger-than-expected quarterly loss this month, as expenses rose about 53%, failing to offset gains from higher crude prices.

Oil services company Subsea 7 reported first-quarter margins that were better than most investors had expected and upgraded its full-year profitability forecast.

Revenues at Norwegian oil service firm Aker Solutions fell 20% in first-quarter 2017 from a year earlier, hit by weak demand and the ending of some projects, the company said May 9.

People

Madison High School, OTC, Energy Challenge, oil, gas, decommissioning, wind

Local high school students participated in the 2017 OTC Energy Challenge—a first for one of the largest oil and gas conferences in the world.

Containers offer efficient, cost-effective solutions to crew accomodation. 

The report is due to be ready by Sept. 30 and will be published after this date, the firm in a statement. The Norwegian Accident Investigation Board is conducting its own investigation and published a preliminary report May 13.

Fire aboard P-48 FPSO vessel started at about 1 p.m. local time as platform was being shut down and has since been put out, according to workers' union, Reuters reported.

North Sea industry group Oil and Gas UK said lower oil price accelerated some field’s permanent shutdown; in 2015 21 stopped producing and 80 could follow by 2020, Reuters reported.