Exclusives

A new modular system combines the advantages of a platform with the rig-run benefits of a subsea development.

Optimized chemical dosing is part of an essential strategy in mitigating subsea flow assurance problems.

A first-of-its-kind cloud-based platform facilitates 24/7 access to offshore well construction and activities.

Digital tools provide new life for aging offshore assets.

Completion

The cost of safely removing offshore assets from service has given rise to investment in decommissioning technologies.

Contracts

Østensjø Rederi has signed a contract to sell Edda Fonn to the Royal New Zealand Navy, the company said Aug. 22.

Earlier this month, Oil Search resumed operations to produce oil at the Agogo production facility, which was knocked out by a major earthquake in Papua New Guinea in February.

Wood has been awarded a contract by Woodside on Aug. 9 to support the execution of concept definition for the proposed Scarborough upstream development, offshore Western Australia.

Subsea 7 has been awarded a contract by Nexen as part of the Buzzard Phase 2 Project, located about 55 km (34 miles) off the northeast coast of Scotland.

The contract, which is reflected in McDermott’s second-quarter 2018 backlog, is valued at between US$1 million and $50 million.

Digital

Digital technologies, including running a virtual startup, look set to save 40 days from the run-up to first gas processing on Equinor’s Aasta Hansteen development.

Systems provide field measurements of drilling riser and wellhead stress in real time.

Digital proponents promote industrywide adoption of digital technologies.

Statoil, Aasta Hansteen, subsea oil and gas

This month E&P takes a step back to the basics with a look at how operators are identifying the best locations to place subsea equipment during the field development phase.

A platform integrates robotics, AI and original predictive analytics to advance the inspection services industry.

Downhole

A real-time monitoring system enhances operations in tidal conditions.

The National Academy of Engineering (NAE) pointed to the need for designing blowout preventers (BOPS) that operate “under all foreseeable conditions.”

Equipment

Synchronization of systems offers automation capabilities.

High-resolution data, dense spatial sampling and near-offset/near-angle information are key elements for success.

Shell shares Malikai update while Exxon Mobil offers Hebron report.

JIPs, new products and advanced research combine to improve spill prevention and oil recovery.

Decades of technology advances laid the foundation for the world’s deepest producing oil and gas field.

Operations

According to a letter obtained by Reuters, Chevron has agreed to transfer its 20% stake in an exploration license in the Arctic, called PL859, to Norway's DNO ASA.

Hess, Shell and Anadarko Petroleum said they were monitoring the storm and would take actions in the Gulf of Mexico as needed.

BP CEO Bob Dudley hailed the deal with Italy's Eni as an important step "towards returning to our work in Libya."

Offshore Drillers Ensco, Rowan To Combine In $2.4 Billion Merger

The merger of offshore drillers Ensco and Rowan will result in the world’s largest jackup contractor with a combined enterprise value of $12 billion.

Following the sale, four new joint ventures will be formed, with Beach Energy operating and having a 60% interest in each joint venture, the company said in a statement.

People

As a result, W&T Offshore appointed Janet Yang, currently vice president of corporate and business development of the Houston-based E&P, as acting CFO.

The strike began on July 10 after the Safe union and the Norwegian Shipowners’ Association could not come to an agreement over wages and pension conditions. The industrial action led to the shutdown of one Shell-operated field.

Scott Gutterman joined LLOG Exploration in 1993 and has held several senior positions at the privately-owned E&P focused on deepwater GoM including 12 years as president and CEO.

Business Briefs For Jan. 25

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