Technology Exclusives

NAPE, Dan Naatz, IPAA, President, Obama, oil, gas, ground, regulatory, climate change, fracking, budget, Clean Power Plan, coal, federal, Hart Energy, Emily Moser

The president may have moved forward with healthcare reform when he first took office, but now he’s aggressively pursuing climate change and using the regulatory process to achieve his goal.

Richard K. (Dick) Stoneburner has spent nearly four decades in the industry, including serving as president of BHP Billiton’s North America shale production division. 

schlumberger, Keane, private equity, A&D, oilfield services, pressure pumping

Pressure pumpers are seeing bids cluster, a signal that concessions for E&Ps may have bottomed and that some oilfield service companies may start to fall by the wayside.

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.

Iona has become the first casualty of 2016, but many more North Sea companies are under threat from the plummeting oil price.

Technology Completion

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. 

Range Resources, technology, proppant, Cowen, energy, Joe Frantz Jr., University of Texas, production, oil,

Technology advances have continued to lead to production and efficiency gains in recent years for Range Resources. The company is now working with a Texas university on a new logging tool to be built by Gearhart.

Refracking, shale, horizontal drilling, IHS, Bloomberg

Refracking has been met with enthusiasm—especially when it works—and skepticism, but in order to move forward, the industry needs a large-scale refracking program and more investment IHS says.

Understanding drainage volume and improved permeability of stimulated rock is essential to forecasting production, according to MicroSeismic Inc.

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.

Technology Contracts

Energy ministry awarded 14 new licenses in first phase of tender for offshore blocks, giving companies access to new exploration areas for two years. Round attracted 43 applications, Reuters said.

Statoil has awarded Technip two lump sum contracts for infield pipeline construction for the Johan Sverdrup development and the Oseberg Vestflanken 2 projects, Technip said in a news release.

The study includes design solutions for a tie-in of the platform and future satellites to the field center that is being developed in the project’s first phase, Aker Solutions said in a news release.

Wood Group PSN will deliver operations and maintenance services to the Alba Northern platform, Alba floating storage unit, Captain FPSO vessel and Captain wellhead protector platform, under the one-year contract that extends an agreement in place since 2010, a news release said.

The flowline system will be fabricated at the group’s spoolbase in Mobile, Ala. The offshore installation is scheduled for second-half 2016 by Technip’s Deep Blue flagship deepwater pipelay vessel. 

Technology Digital

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.

Internet of Things, data, Deloitte Center for Energy Solutions, digital, oil, gas

For the upstream sector successfully linking diverse datasets are among the keys to unlocking potential benefits of the Internet of Things, a report says.

SAS, Internet of Things, oil, gas, analytics, data

For the oil and gas sector, this could mean making drilling adjustments on the spot. It could also mean collecting data from various sources, analyzing it and using that knowledge to grow production and revenue.

cyber security, oil, gas, threat, PwC, Red Tiger Security, SEC, attack, hack

For the oil and gas sector the threat remains, but the methods are the same, experts say.

The industry can benefit quickly by approaching Big Data from the place of maximizing value by minimizing complexity.

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

Saudi Aramco is now operating around 212 oil and gas rigs; which is a level it has kept steady since 2015. That number does not include water rigs.

Bureau of Safety and Environmental Enforcement recommended that drilling operators verify that components meet manufacturers’ specified metallurgical properties, and urged them to follow installation and maintenance procedures, Reuters reported. 

Both orders are part of PetroChina's furnace procurement program that BHD bid on. Aggregate order value under the program now totals about US$0.8 million, or more than 5.3 million renminbi.

Restructuring includes closing two rolling mills in France, one threading line in Germany and a heat treatment line in Scotland, leading to about 1,000 additional job losses, Reuters reported.

Aquatec Group provides subsea leak detection sensors including long-range fluorometers, directional acoustic sensor and differential temperature detectors. These will be available at Forum’s global locations.

Technology Operations

Crude prices have slumped nearly 70% since June 2014, leading to oil and gas producers cutting spending and scaling back drilling, forcing rig contractors to idle or even scrap rigs.

The committee is authorized to evaluate any potential strategic transaction involving the company and any alternatives, including but not limited to, the sale of the company, a merger or share exchange involving the company, the sale of some or all of the company’s assets, and a recapitalization of the company, a news release said.

Blackstone (NYSE: BX) has formed Clarion Offshore Partners LLC, a new platform to provide strategic solutions to the offshore oil and gas drilling and services sector, with a financial commitment from private equity funds managed by Blackstone.

The Houston company has entered into an agreement to sell its U.S. oil country tubular goods (OCTG) business to Sooner Pipe LLC, a subsidiary of Marubeni-Itochu Tubulars America Inc.

Exor said low valuations in the oil and gas sector presented opportunities for companies such as Welltec, which provides robotics for the cleaning, maintenance and repair of oil wells.

Technology People

In November 2014, $240 million settlement was reached with Dutch and U.S. authorities regarding corruption charges in Angola, Brazil and Equatorial Guinea, involving $200 million in bribes between 2007 and 2011, Reuters said. 

Energy executives must cut spending to stay financially afloat while preserving the production infrastructure and capacity that will allow them to compete and grow when the market recovers, Reuters said.

Pemex’s new boss, Jose Antonio Gonzalez, has been the director of Mexico’s Social Security Institute since 2012. Mikel Arriola, the head of health regulator Cofepris, will replace him, Pena Nieto said.

Philippe Baptiste has been appointed senior vice president of scientific development at Total, effective Feb. 1, the company said in a news release.

Petroci is a small oil and gas producer, partnering with E&P companies and managing a logistics base serving offshore blocks, Reuters said. Ivory Coast is French-speaking West Africa’s largest economy.

Technology Regulations

Oil and Gas Authority, created last year, makes sure oil and gas operators extract as many more barrels as possible from the British portion of the North Sea, Reuters said.

Supreme Court weakened the Obama administration's climate change agenda on Feb. 9 when it delayed implementation of Clean Power Plan until legal challenges to the regulation are completed, Reuters reported.

ConocoPhillips last received an export license from the federal government for the Kenai plant in April 2014. It also authorized the company to export about 40 Bcf of gas over a two-year period.

Local opposition to drilling on environmental grounds has slowed development and prompted the introduction of a 12-mile ban on activities within Italy's coastlines and protected areas, Reuters said.

"The proposed acquisition would raise no competition concerns, given the very limited overlaps between the companies' activities and the modest increment in market shares brought about by the transaction," the European Commission said.