The aim is to start production from the field via the geostationary FPSO unit in late summer this year, Dalan added. Currently, two wells are being drilled; five wells have already been drilled and completed.
Some of the federal proposals have already have been adopted by the industry, which worked with regulators following Deepwater Horizon to improve offshore operations.
Since 2010, the American Petroleum Institute has published more than 100 new and revised standards for E&P safety, including BOP standards.
By using a CAT scan-like technology in the Eagle Ford, hopes are to better understand geology to effectively adjust well spacing and completion designs.
With Petrobras engulfed in Brazil’s largest ever corruption scandal, Shell’s increasing influence in the country would help the state-run company develop its giant offshore oil reserves beneath a layer of salt, analysts said.
This latest patented invention relates to fluid treatment and, more particularly, to an improved treatment apparatus for destroying aerobic and anaerobic bacteria in fluids used in oil and gas recovery and conditioning of said fluid for reuse, Ecosphere said in the release.
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.
The Thistle, Heather and Northern Producer assets will receive engineering, design, construction, procurement and commissioning services. The contract can be extended for another five years.
Anadarko and project partners estimate there is 75 Tcf of exploitable gas offshore Mozambique, Bloomberg said. The Rovuma Basin could hold 120 Tcf technically recoverable reserves, a consultant said.
Subsea 7’s work scope from aboard Seven Seas will include engineering and installation services for client-supplied flowlines, umbilicals and subsea equipment in up to 3,000 m of water.
The vessel, located 193 km (120 miles) east of Aberdeen at a water depth of about 90 m (295 ft), produces oil and gas from the Bittern, Guillemot West and North West, Clapham, Pict and Saxon fields.
Petro Frontera SAPI de CV will study and bid on assets from Mexico’s initial oil and natural gas bidding round. Contracts will be acquired and participated in.
With big data and predictive analytics, operators can use production surveillance, comparing predictions to new actuals to determine how a particular oil or gas asset is performing. In response, adjustments can be made to improve production and overall operations.
Asset Guardian Solutions specializes in protecting companies’ process critical software assets.
Under the five-year contract, BP said it will offer courses next year in a new-state-of-the-art Maersk Training facility in Houston.
As hackers unleash clever cyberattacks, companies and individuals can work together to protect valuable data.
Success calls for technology investment despite industrywide cutbacks and high costs, according to panelists.
The TAM FastSwell technology utilizes a proprietary process that alters the geometric design of the elastomer to provide ultra-fast, but predictable and controlled swell rates for challenging downhole conditions.
Problematic areas have included perforation issues, loss of fracture length, and sometimes wellbore connectivity.
Downhole tool manufacturer Peak Well Systems’ new gas pressure testing facility in Aberdeen can conduct in-house ISO14310 validation testing of Peak products, up to the highest V0-Grade (zero gas leak).
Halliburton Co. will separately sell its fixed cutter and roller cone drillbits, directional drilling and LWD/measurement while drilling businesses. It is currently working to acquire Baker Hughes Inc.
The contracts total $4.8 million, the company added. Engineering and fabrication of subsea isolation valve systems, and supplying the patented NHU umbilical, will be completed over the next year.
SEA’s subsidiary J+S will provide the units, power, communication and hydraulics infrastructure for Apache’s Ness Nevis project. Apache North Sea is upgrading subsea controls architecture in nearby Beryl Field area.
The ROVs will work in the Moho Nord field offshore the Republic of Congo. There are four, and they were designed with a BOP skid that meets Total’s requirements.
The transaction is expected to close mid-year 2015 and is subject to necessary government and regulatory approvals and customary post-closing adjustments.
The merger would unite the U.K.’s first- and third-largest natural gas producers, Bloomberg said. The companies are still in talks, and the matter is private.
Houston-based Oceaneering will absorb 550 C&C personnel.
Though several projects are headed for startup, the downturn may challenge players in the region to change their strategies and look for new opportunities.
Led by developments offshore Latin America and West Africa, an energy research firm projects deepwater capex will increase 69% between 2015-2019, compared to the previous five-year period.
Valemon is a new Norwegian Continental Shelf project, said Arne Sigve Nylund, executive vice president--Development & Production Norway. There is a high-pressure/high-temperature reservoir. Expected recoverable reserves are 192 MMboe.
Protesters fill the main lobby of BP's Houston office ahead of the five-year mark of the Deepwater Horizon oil spill. Protest is also planned in London ahead of shareholders' meeting.
Catherine Hughes’ resignation from the board of directors will be effective immediately. Stavanger, Norway-based Statoil’s nomination committee will search for a new board member.
Bourbon Interoil Nigeria Ltd. contacted families of the three Nigerian nationals, crew members on crew boat Surfer 1440, after they were kidnapped. The boat was boarded night of April 8.
Many companies that registered as exhibitors cancelled because they are struggling in the low oil price environment. Registration began to stagnate early in the year.
As reported March 2, Petrobras approved a US$13.7 billion 2015 to 2016 divestment plan. It is part of financial plan to reduce leverage, preserve cash flow and prioritize investments.
A Dutch court will announce Tuesday whether production at Groningen, Europe’s biggest natural gas field, has to be cut after earthquakes damaged buildings in the nation’s northernmost province, Bloomberg said.
Proposals in Brazilian congressional committees advocate changing Brazil’s deepwater presalt field production sharing model. Competition and no requirement to partner with Petrobras could revive Rio de Janeiro’s economy, Bloomberg said.
Argentina filed charges against several E&Ps after the 33rd anniversary of its invasion of the U.K.-held Falklands, Bloomberg said. On April 2, two companies reported exceptional Zebedee oil well discovery.
Boulder Energy Ltd. will work in DeeThree’s Belly River development in the Pembina-Brazeau area of Alberta. Granite Oil Corp. will work in DeeThree’s Bakken EOR project in southern Alberta.