Exclusives

Improving drilling efficiencies through effective solids control helps offshore operators manage costs and deliver value.

Companies from Britain bring significant expertise to the offshore community.

Kongsberg, Kognifai, technology, digital, big data, oil, Subsea Valley

Kognifai is an open ecosystem for customers, partners and suppliers that allows them to harness the power of data on their own terms.

Optime Subsea, Subsea Valley Conference

The company’s subsea control and installation light system does not require a hydraulic umbilical from the support vessel, reducing both the cost and complexity of the topside structure.

Eelume, robot, subsea, snake, ROV, AUV, oil, inspection

The next version of the robot will be capable of diving down to 500 m (1,640 ft), proving the concept of the technology’s self-propelled robotic arms in performing inspection, maintenance and repair jobs.

Deepwater International

Norway’s Polarcus has been hired to conduct a 3-D marine seismic survey offshore Egypt.

Various subsea equipment will be delivered throughout 2015 and 2016.

GE Oil & Gas has invested more than $20.5 million across its subsea manufacturing facilities in Montrose, Scotland, in a move to enhance its business’s test and assembly and manufacturing capabilities.

Ceona has successfully installed a 570-mt multiple pipelay vertical lay system (VLS) and twin 400-mt cranes onto its next-generation flagship asset, the Ceona Amazon.

Kosmos Energy is taking a fresh look at a handful of new and existing exploration prospects in frontier waters offshore Ireland, according to partner Europa Oil & Gas.

Exploration

DONG said it was uncertain whether the Hejre project, which was halted more than a year ago, would resume. It estimates the field holds 171 million barrels of oil equivalent, Reuters reported.

SNC-Lavalin Group is expanding its global consulting, design and project management capabilities with the takeover of U.K.-based WS Atkins.

Empyrean Energy Plc entered a sale and purchase agreement (SPA) to conditionally acquire a shareholding of up to 20% in West Natuna Exploration Ltd. (WNEL) from Conrad Petroleum Pte Ltd., the owner of WNEL that holds full participating interest in the Duyung PSC, which includes the Mako shallow gas discovery offshore Indonesia, according to an April 4 press release.

Total had agreed on an option to farm into Egdon's PEDL209 exploration license in Lincolnshire by Dec. 31, 2018, which would earn it a 36% interest. Total's previous option on the license had lapsed.

Repsol will become the operator of the Ioannina and Aitoloakarnania blocks and plans to acquire seismic surveys over the areas in the 2017-2019 period.

Production

A Bulgarian-Romanian gas pipeline partially funded with EU funds and linking the two states to Austria would also be finalized in 2019, the government said, meaning Romania could become a net gas exporter, Reuters reported.

Adjusted net profit for the first quarter rose to 744 million euros (US $810 million) from breakeven a year earlier and topped the 610 million ($663 million) expected by analysts.

Partridge is a stratigraphic trap comprising deepwater mass flow sands of the Lower Cretaceous scapa sandstone member, the press release said.

The project will simplify the process to bring gas from offshore to the North Morecambe terminal and start later this month, Centrica said on Wednesday.

Lundin said it was able to increase production capacity at its Edvard Grieg platform to 145,000 barrels of oil equivalents per day (boe/d) from its designed capacity of 126,000.

Subsea Engineering

Economic development agency Scottish Enterprise is making a push to keep Scotland at the top of the global subsea market, despite the challenges offered by competition from other regions around the world and the harsh realities of the severe industry downturn.

After meeting in August, Turkish President Recep Tayyip Erdogan and Russian President Vladimir Putin hope to remove some barriers preventing the development of a number of joint projects, especially the planned Turkish Stream gas pipeline under the Black Sea. 

The Norwegian Petroleum Directorate is facilitating a competition in hopes of strengthening its technological expertise and capacity.

Subsea technology provider Forum Energy Technologies (UK) Ltd. has unveiled a deepwater test facility and received industry accreditation for the calibration laboratory at its new European Operational Centre in Aberdeen. 

The Irish government has offered 14 new licensing options in the Irish offshore following the conclusion of the 2015 Atlantic Margin Licensing Round.

Technology

Reporting a 44% rise in its production to 82,600 boe/d for the four months ended April 30, Premier lowered its 2017 capex forecast to $350 million from $390 million, Reuters said.

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

Aker said it had achieved more than two-thirds of its 9 billion Norwegian crowns cost savings plan by the end of the first quarter, Reuters reported.

Its international operations, which include Angola, Brazil and the U.S. and account for about one-third of total output, made a profit of $272 million. This was the first positive result since the third quarter of 2014, Reuters reported.

Reuters reported six people died and more than 20 were injured when a crane collapsed onto a section of the platform at a Samsung Heavy Industries shipyard, South Korea's Yonhap News Agency reported.