Technology Exclusives

Tullow Oil, TEN, oil, Ghana, Africa

West Africa’s list of stalled projects means Tullow Oil’s TEN development is a rare bright spot.

Panelists at Hart Energy's DUG Permian conference said sand, spacing and slickwater have played key roles in the multistage fracturing process that contributed to the Permian Basin becoming today’s largest oil-producing region in the U.S.

oil supply, WTI, Brent, Henry Hub, EIA, production, shale

The U.S. might not need shale oil growth now, but from 2017-2020 demand will require an additional 0.7-0.9 MMbbl/d annually, an analyst said.

subsea tree, recovery, FMC Technologies, OneSubsea, GE Oil & Gas, Aker Solutions, Dril-Quip, Cowen & Co., DNV GL

The subsea tree market has tanked, but the technology remains viable and vital in the long term.

FMC Technologies, Technip, merger, oil, gas, subsea, onshore, offshore

If the deal receives the blessing of FMC and Technip shareholders and other necessary regulatory approvals, the new company will operate as five business units: surface, subsea services, products, subsea projects and onshore/offshore.

Technology Completion

Schlumberger, Paal Kibsgaard, oil, drilling, technology, hydraulic fracturing, investment

The company plans to produce a new hydraulic fracturing system and a ‘land drilling system of the future.’

At Hart Energy’s DUG Rockies conference, technology panelists said drilled but uncompleted wells are an appetizing prospect for producers in trying times.

Baker Hughes, H.C. Freitag, drilling, completion, technology, shale, unconventional, DUG Rockies, oil, gas

Drilled but uncompleted wells in the U.S. provide an opportunity to examine new shale drilling and completion technology.

Researchers at Rice’s Integrated Systems and Circuits lab tap sensing and wireless communications expertise to develop a new generation of microchips for oil and gas applications downhole.

CnF, Flotek Industries, FracMax, MHA Petroleum Consultants, lawsuit, hydraulic fracturing, Denver Julesburg, DJ, report, investigation, SEC, lawsuit

The report is the first of several analyses of the additive’s performance in three core basins, with this one focusing on the Greater Wattenberg area of Colorado’s Denver Julesburg Basin. 

Technology Contracts

The project is intended to enhance the existing GC-24 facility, increasing capacity by 50,000 barrels of oil per day from the current level of 165,000 barrels of oil per day, according to a news release.

In the autumn of 2015, the Aasta Hansteen Field’s startup was postponed one year, until the last half of 2018, effectively postponing the field’s drilling program. 

Keppel O&M and Rosneft will have shares of 45% each in the JV, while MHWirth will hold 10% while adhering to existing U.S. and EU sanctions imposed on Russia’s offshore sector, Reuters reported.

J. Thomas Wilson, Magellan’s president and CEO, said Mereenie’s current estimated production is less than 1 Mboe/d, and noted that the Mereenie bonus was not recorded in condensed consolidated financial statements.

Marlim, Brazil's fifth-most productive field in March, produces about 150,000 barrels of oil a day and about 2 million cubic meters per day (70.8 million cubic feet per day), Reuters reported.

Technology Digital

Nervana Systems, Naveen Rao, artificial intelligence, oil, gas, seismic, Paradigm, geoseismic

A Silicon Valley-based deep learning, artificial intelligence company is using artificial neural networks to help find oil and gas using geoseismic data.

DNV GL, technology, digitalization, oil, gas, automation, sensors, drilling, P&A, subsea, smart

Opportunities for further efficiency gains are abundant with technology, but a company has singled out a few technologies that it believes will shape the oil and gas industry’s future.

cyber, security, attack, threat, oil, gas, E&P, Boston Consulting Group, CERT

Although strides have been made in cybersecurity, the potential for more cyberattacks exists. A consulting firm gives advice.

"This power will help us to improve our performance and to reduce our costs," said Arnaud Breuillac, Total's E&P president. "In the era of big data, state-of-the-art data-intensive computing is a competitive advantage."

integrated operations, ConocoPhillips, digital, oilfield, oil, gas, production, Andrew Lafleur

With integrated operations, everyone must understand the company’s overall priorities in order to set agendas in each group, working to get to the same point, according to an engineering coordinator for a major E&P company. Technology and breaking down silos are key.

Technology Downhole

David G. Gallagher said that trademarked Gilsonite is a naturally occurring asphaltite that binds and strengthens as an additive for drilling fluids and cementing.

Ely's world-class reservoir stimulation and completion consulting services will be packaged with Flotek’s CnF customized completion chemistries for clients that purchased CnF chemistries directly through The Flotek Store.

JetStream was recently used in a 6.5-in. intermediate section in the North Sea that was drilled to 10,446 ft total depth through soft, porous limestone.

GCDT fits fully into Prysmian’s expansion strategy in subsea umbilicals, risers and flowlines and complements its product range. The portfolio of protectors will be enhanced, the company added.

The technology provides internal alternate flow paths, called shunt tubes, in the downhole tool to gravel pack the producing sections of a well, ExxonMobil Upstream Research Co. said in a news release

Technology Equipment

The number of oil rigs in the U.S. and Canada remained the same, holding at 318 and 16, respectively.

Drillers in Canada added five oil rigs and two gas rigs this week, but the U.S. total dropped by nine.

As a result, Freeport will pay Noble $540 million—payable through a combination of cash, Freeport shares and up to $200 million in near-term Noble bonds.

The U.S. oil rig count dropped by four to 328, while the gas rig count landed at 86, down one.

With day and utilization rates through the floor, the rig market is in need of more than just sleight of hand to avoid players checking out. 

Technology Operations

A militant group called the Niger Delta Avengers, which has told oil firms to leave the Delta before the end of May, said late on May 25 it had blown up the facility's mains electricity feed.

Whilst the cuts are small in comparison to the overall amount of people employed in the oil and gas industry, Shell's 12,500 job reductions are equal to the entire workforce of social media company Facebook.

The sharp drop in oil prices over the past two years has led companies including ExxonMobil and Royal Dutch Shell  to sharply reduce budgets, particularly for exploration.

InterOil is coveted for its stake in the Elk-Antelope fields, which could hold at least 6.2 trillion cubic feet of gas, more than enough to fill one LNG processing train. Drilling of one more well this year could prove it holds much more.

ExxonMobil said the terminal continued to operate even as the intruders blocked staff from gaining access from early morning hours. The incident is the latest in a string of attacks and other problems at the oil infrastructure in Nigeria.

Technology People

Belgacem Chariag, who was most recently the company’s vice president and chief integration officer, will now serve as president of global operations.

Many measures failed, including those forcing the companies to detail future plans after 195 governments agreed in December to limit global temperatures’ rise to 2 degrees Celsius, Reuters said.

Cathal Smith became interim company secretary, effective immediately; he has been legal counsel and commercial manager for the last three years while he has been retained by the company.

Ducatus Partners will be led by a core team of Kevin Davidson, Sean Buchan and Jamie Ferguson, who have more than 45 years’ combined experience in matching companies and investors with executive leadership teams.

Reuters reported that two investor advisory firms recommended opposing Shell's remuneration report, saying there was a disconnect between its executive pay and that of other employees and its financial performance.

Technology Regulations

The commissioner of Papua New Guinea's ICCC said he was concerned the parties were not coming to the ICCC for regulatory approvals. The merger would assemble a LNG powerhouse in the country.

With permission to carry out fracking, Third Energy will now be able to test how much shale gas it could eventually produce from its site at Kirby Misperton, Reuters reported.

More than 79,000 inactive Alberta wells could become Orphan Well Association’s responsibility due to May 18 ruling giving lenders priority over environmental cleanup costs in oil and gas bankruptcies, Reuters reported.

Leviathan, one of the largest offshore discoveries of the past decade, was found in the eastern Mediterranean in 2010 and has been mostly earmarked for exports.

Last year, government pledged cutting emissions by at least 40% by 2030 from 1990 levels as part of U.N. agreement on climate change reached in Paris in December, Reuters reported.