Exclusives

Paradigm, Emerson, E&P software, digital oil field, Pat Babka, oil and gas workflow, Roxar Software Solutions,  Emerson Automation Solutions

With the acquisition of Paradigm, which was completed in late 2017, Emerson believes it can meet the market’s growing demand for an independent, global provider of E&P software solutions.

Automation, robotics and drone technologies are helping to keep aging North Sea facilities profitable for longer.

subsea oil and gas, subsea technology, dual pipe separator, Seabed Separation

Norwegian subsea technology firms are pushing ahead with technologies to enable a new wave of seafloor field development.

Subsea 7, subsea oil and gas, Jean Cahuzac

Subsea 7 CEO Jean Cahuzac expects the subsea market will see more awards coming its way in first-half 2018 for subsea umbilicals, risers and flowlines as well as conventional projects.

BHGE, Binu Mathew, artificial intelligence, oil and gas

Technologies must be domain specific with end-to-end workflows so they can be put to use, according to Binu Mathew, senior vice president and global head of digital products for ‎Baker Hughes, a GE company.

Deepwater International

Norway’s Polarcus has been hired to conduct a 3-D marine seismic survey offshore Egypt.

Various subsea equipment will be delivered throughout 2015 and 2016.

GE Oil & Gas has invested more than $20.5 million across its subsea manufacturing facilities in Montrose, Scotland, in a move to enhance its business’s test and assembly and manufacturing capabilities.

Ceona has successfully installed a 570-mt multiple pipelay vertical lay system (VLS) and twin 400-mt cranes onto its next-generation flagship asset, the Ceona Amazon.

Kosmos Energy is taking a fresh look at a handful of new and existing exploration prospects in frontier waters offshore Ireland, according to partner Europa Oil & Gas.

Exploration

Shell Exploration and Production Mauritania B.V. on July 23 signed two production sharing contracts with the government of Mauritania for the exploration and potential future production of hydrocarbons in the offshore blocks C-10 and C-19.

PGS’s April-June core operating earnings (EBITDA) rose to $136.0 million, below the $144 million expected by analysts in a Reuters poll, but up from $112.5 million in same quarter last year.

Total CEO Patrick Pouyanne said in a statement that the acquisition of Engie's upstream LNG business will give Total a worldwide market share of 10%.

Chevron has kicked off the sale of a number of its oil and gas fields in the North Sea as part of a review of the U.S. giant's European operations.

The new company, named Vaar Energi, will be one of the largest players on the Norwegian continental shelf with a portfolio of 17 producing oil and gas fields.

Production

Around 40 rig workers started a 24-hour strike on July 23 on the Alwyn, Elgin and Dunbar platforms in the British North Sea, curbing gas flows to shore, but stored crude was expected to mitigate any oil supply disruption.

The Africa-focused firm said it has contracted a second rig for its Ghana fields to start work in October on three wells, without increasing its capex program.

Britain’s biggest labor union is balloting rig workers at three of Total’s (NYSE: TOT) North Sea oil platforms over a potential strike due to the company’s refusal to reduce the number of unpaid working days, the union said on June 20.

The drilling of the Moftinu – 1007 well has concluded achieving a total planned depth of 1,463 m (4,799 ft). The well was drilled according to schedule and approximately 20% below budget.

Iran's oil exports hit 2.7 million barrels per day (MMbbl/d) in May, the oil ministry's news agency SHANA reported on June 2, a new record since the lifting of international sanctions on Tehran in 2016, and despite the threats of fresh U.S. sanctions.

Subsea Engineering

Greece’s Energean Oil & Gas listed on the London Stock Exchange on March 16, raising $460 million to develop two Israeli offshore gas fields.

Britain plans to introduce tax changes to oil and gas companies operating in the North Sea, finance minister Philip Hammond said, in a bid to spur investment in the aging basin.

Upstream activity offshore Norway and the U.K. has seen a steady increase in the last couple of weeks, coinciding with a general rise in global crude prices.

Wärtsilä Corp. will supply the engines, exhaust cleaning systems and fuel gas handling systems for Atair, a new LNG-fueled research vessel under construction for the German government.

Economic development agency Scottish Enterprise is making a push to keep Scotland at the top of the global subsea market, despite the challenges offered by competition from other regions around the world and the harsh realities of the severe industry downturn.

Technology

BP’s output in the first six months of the year was 3.662 MMboe/d, including production at Russia’s Rosneft, of which it owns just under a fifth, from 3.544 MMboe/d a year earlier.

The strike by 45 workers at the Alwyn, Elgin and Dunbar platforms in the North Sea began at 11:00 GMT. It followed a 24-hour stoppage at the same sites July 23 but stored crude cushioned against any immediate oil supply disruption.

Equinor’s adjusted earnings before interest and taxes rose to $4.3 billion in the second quarter from $3 billion a year ago, missing a forecast for $4.6 billion in a Reuters poll.

The group said adjusted net profit for the second quarter soared 44% to $3.6 billion, beating analysts’ estimates of $3.4 billion.

The British government said it had granted approval for hydraulic fracturing to take place at Cuadrilla's Preston New Road site in northwest England.