Technology Exclusives

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.

About 55% of global demand will be met by oil and gas in 2035, but decline rates make that challenging.

U.S. Mexico Transboundary.jpg

Regulators are working out the details of the agreement as lease sales approach on both sides of the border.

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

The award comes as an integrated WorleyParsons and INTECSEA team recently completed pre-FEED for the development.

Fluor booked its share of the contract for an undisclosed value in the first quarter of 2015.

Asco will perform the services for the Mariner Field under two five-year contracts, anticipated to start during the first quarter of 2016.

The company said it used its proprietary Unideck integrated topside float over installation system for the first time in the Indian waters.

The five-year alliance expects to provide companies a solution across the U.S. GoM, Mexico, Brazil, the North Sea, Mediterranean and West Africa.

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 availability of dual-fuel engines and dedicated natural gas engines has created more fuel options in the oil patch.

Besides cylinders, the corresponding control and storage for the hydraulic system was also delivered.

Supported by an initial investment of 17 million euros, TI Geosciences will be based in Darlington, U.K., with operating bases in Teeside, Singapore and Saldahna Bay, South Africa.

Various subsea equipment will be delivered throughout 2015 and 2016.

Six months after the delivery, Sevan Marine must be paid US$10 million.

Technology Operations

The Kwame Nkrumah FPSO operates in the Jubilee oil fields offshore Ghana. (Source: Kosmos Energy)

The prospects include Al Khayr, Tortue and Marsouin.

The Court of Queen’s Bench of Alberta has granted a final order approving the proposed arrangement under which Repsol will acquire Talisman Energy, according to a news release.

After being recovered by the Esvagt Aurora, the person involved was sent to Hammerfest Hospital with minor injuries.

With hydrocarbons plentiful, the region is a sleeping giant for the oil and gas industry.

Many countries offer tax credits on R&D. And many companies are unaware of them.

Technology People

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.

Steven Newman has agreed to step down as president and CEO of Transocean Ltd., effective Feb. 16, the company said in a news release.  Ian Strachan, chairman of Transocean’s board, will also serve the company in the role of interim CEO.

Technology Regulations

The project entails a new wellhead platform and drilling rig (Platform C) and adds about 250 MMbbl in recoverable resources to Peregrino field.

Crude prices have dropped almost 50% from a June peak as OPEC refused to cut production and U.S. output reached a three-decade high.

Shell will continue to hold the Pierre River mining leases and will reapply for regulatory approval “when the time is right,” Shell Canada President Lorraine Mitchelmore said in a statement Monday.

The Interior Department’s first Arctic-specific drilling rules respond to mishaps that plagued Shell as it sought oil north of Alaska three years ago.

Total Safety said this makes it the only company approved to perform flare inspections on land using drones.