Exclusives

Liza, offshore Guyana, Delaware Basin, Hess CEO, John Hess

Hess compares the first phase development of Liza offshore Guyana to the Delaware Basin and deems one a better investment.

oil and gas safety, ScanReach

A wireless system aims to improve safety for the crew in the event of a fire or an explosion on a rig, drillship or support vessel.

OTC, subsea, Olivier Le Peuch, Cameron, Schumberger, OneSubsea, David Dickson, McDermott, CEO, Thierry Pilenko, TechnipFMC, Aker Solutions, Luis Araujo, Oceaneering International, Rod Larson,  Subsea 7, Jean Cahuzac, Neil Saunders, Baker Hughes, GE, BHGE,

Partnerships, mergers and acquisitions play prominent roles.

OTC 2018: Chevron Touts Both Permian, Deep Water

Chevron views deep water as a material part of its overall upstream portfolio with plans this year to invest billions of dollars in Gulf of Mexico projects.

Offshore Technology Conference, OTC, topside processing

New approaches deliver greater productivity and less risk.

Completion

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

Contracts

Austrian oil and gas group OMV said it will take a 20% interest in two oil fields off the United Arab Emirates under a $1.5 billion deal agreed with the Gulf state’s national oil company ADNOC.

IKM Subsea Singapore signed a contract with PTTEP for their appraisal campaign offshore in Myanmar, the company said on April 3.

Statoil (NYSE: STO) said April 3 it has awarded drilling contracts to Archer, KCA Deutag and Odfjell Drilling for drilling, completion, intervention services, plugging, maintenance and modifications on 18 of Statoil’s fixed platforms.

MMA Offshore Ltd. has landed various vessel contracts from ConocoPhillips and for work offshore Côte d'Ivoire.

The vessel will be deployed at Karish and Tanin fields upon completion.

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

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.

Vessel Briefs For April 5

Floater Briefs For April 5

Experience and expertise combine to introduce a new business model, innovative products and novel concepts for subsea production.

Operations

Three leading operators explain how they are driving down the cost of developing challenging offshore fields and finding ways to recover more reserves.

Energean listed in March, raising $460 million to develop two Israeli offshore gas fields, Karish and Tanin, which have potential reserves of up to 2.4 trillion cubic feet of gas and 32.8 million barrels of light oil and condensate.

The new process seeks to reflect on permits issued by the agency and helps inform best practices for offshore energy permitting.

Statoil ASA has awarded Ocean Installer a contract for marine operations on the Askeladd project in the Barents Sea, the company said on March 2.

PetroChina (NYSE: PTR) will take 10% stakes in two of Abu Dhabi National Oil Co.’s (ADNOC) offshore concessions under a 40-year agreement signed on March 21.

People

Business Briefs For Jan. 25

Business Briefs For Dec. 7

Business Briefs For Nov. 2

Business Briefs For Sept. 21

Business Briefs For Sept. 7