Technology Exclusives

Field tanks adorn one of Stonegate's Eagle Ford sites. (Source: Stonegate Production Co.)

Mike Harvey of Stonegate Production Co. is using his technology-driven savvy to score another business success.

Executives say companies are lacking in project management.

Vantage Drilling’s Platinum Explorer drillship is working for ONGC in India. (Source: Vantage Drilling)

Companies are planning to spend billions of dollars on offshore projects, while also tapping technology for onshore fields as demand grows.

FPSO vessel

Deployment of floating production units is predicted to increase; however, analysts think orders for such units will fall in 2015.

Operators seek greater efficiency and lower cost per barrel in a challenging price environment.

Technology Completion

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.

Technology Contracts

Honeywell Process Solutions (HPS) will handle project management and engineering for a third oil and gas platform off the coast of Vietnam.

Golar LNG Ltd. and Rosneft Oil Co. will cooperate in the areas of floating liquefaction (FLNG) and transportation of natural gas.

A consortium chose Aqualis Offshore as marine warranty surveyor for the P-76 FPSO unit at Techint’s yard in the south of Brazil.

McDermott International Inc. was awarded a sizeable manifold and subsea safety isolation valve module fabrication contract by FMC Technologies.

DOF Subsea UK Ltd.’s survey and positioning business in the U.K. and U.S. was awarded an extension of a master service agreement with Heerema Marine Contractors.

Technology Digital

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.

Companies embrace prescriptive analytics to improve production.

Technology Downhole

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.

Technology Equipment

The board of Red Emperor Resources NL entered into a letter of intent with Maersk to secure the Maersk Venturer ultradeepwater drillship.

McDermott International Inc. was awarded a large project for a new jacket, temporary deck and replacement umbilical by Qatar Petroleum.

Various subsea equipment will be delivered throughout 2015 and 2016.

Statoil signed a contract with Allseas for installation of three platform topsides on the Johan Sverdrup field. 

The amendment will defer the commencement of the work, previously scheduled to begin in the third quarter of 2015, to April 1, 2016.

Technology Operations

The decision was made due to drilling difficulties.

Wintershall has taken over as operator of the North Sea Vega oil and gas field from Norway’s Statoil.

ExxonMobil Corp. plans to start up 16 major oil and gas projects during the next three years.

Halliburton officially opened its new integrated completions center in New Iberia, La.

All participants in PRL 15 unanimously voted to appoint Total E&P PNG Ltd. as operator of the PRL 15 JV.

Technology People

Wood Group Kenny appointed Bob MacDonald as CEO, effective April 6.

McNichol succeeds Steve Knowles, who will retire from Wood Group on April 1.

Ian Wood, author of a state-ordered report into the needs of the business, warned that about 15,000 positions relying on the industry could vanish in a few months.

Reese was a former National Oilwell Varco (NOV) executive, who spent more than 30 years at the company before retiring.

Larson, 48, has been with the Houston-based company since May 2012.

Technology Regulations

Libya is caught up in a conflict between two rival governments, and several of its oil ports and oilfields have been hit in battles.

The project now awaits an administration decision on whether to allow it.

Mexico will alter terms of oil blocks being auctioned this year in response to criticism from prospective bidders that crude’s rout made original requirements onerous.

The Bureau of Ocean Energy Management will offer more than 21 million acres offshore Texas for development. 

The Government of Côte d’Ivoire applied for provisional measures to be ordered in Ghana’s maritime boundary dispute with Côte d’Ivoire.