Exclusives

NOV, Seabox, subsea oil and gas, subsea

For mature offshore facilities, adding or even increasing water treatment and injection facilities can prove difficult, due to space or weight constraints, and may also be prohibitively expensive.

Kosmos To Enter US GoM With Deep Gulf Energy Acquisition

Kosmos CEO Andrew Inglis said he believes a huge opportunity has opened in the U.S. Gulf of Mexico as many competitors leave the region for onshore shale.

A company realized that some 50% of the country’s well inventory was idle, so it set out to arrest Malaysia’s production decline rate.

Collaboration leads to advances in FPSO technology.

The program aims to reduce capex and opex for production offshore in areas such as subsea systems, surface systems, processing and construction, starting with 39 R&D projects.

Completion

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

Contracts

Transocean Ltd. (NYSE:RIG) has lined up an 11-well contract for the ultra-deepwater semisubmersible GSF Development Driller I, the company said July 17.

Posco Daewoo Corp. has awarded the McDermott International, and Baker Hughes, a GE company (BHGE), consortium a contract for phase two of the Shwe gas field development offshore Western Myanmar.

Akofs Seafarer is 156 m (511 ft) long and thus a substantially larger vessel than those formerly used for well interventions for Equinor.

The contract with one of Rowan's R-Class drillship, the Rowan Relentless, was awarded to drill a GoM prospect and is set to commence in September.

Petrofac has secured a two-year contract extension on Eni UK Ltd.’s Liverpool Bay Development, valued in the region of $65 million, the company said on June 7.

Digital

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.

The use of AI to monitor subsea operations is growing.

Companies can centralize and standardize the work that gets done through the use of ROVs, AUVs and AR.

Predictive analytics in real time offer opportunity to change course before incidents occur.

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

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.

While the North Sea has been leading the increase in demand for offshore supply vessels, with rates for some vessel segments improving by 30% from a year ago, activity is starting to pick also elsewhere in the world, DOF’s CEO told Reuters.

Operations

Exxon Mobil and U.S.-based partner Hess Corp. said more than 4 billion barrels of oil equivalent could be recovered from the Stabroek block offshore Guyana.

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.

The deal allows U.S-based Tidewater to expand its presence in the U.K. North Sea basin, where a 30% jump in oil prices since the end of 2016 has boosted rates for operators.

The IDD project began production from the Bangka Field in late 2016, but the Makassar Strait block, one of three blocks in the project, is not in production.

A London judge ordered Tullow to pay Seadrill around $254 million saying Tullow was wrong to end a rig contract in Ghana on grounds of force majeure over a maritime dispute.

People

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.

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