Technology Europe 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.

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.

BP’s upstream chief emphasizes how a new age of collaboration within the supply chain could help the industry thrive amid the challenges of low oil prices.

Completion Europe

Schlumberger, Paal Kibsgaard, oil, drilling, technology, hydraulic fracturing, investment

The company plans to produce a new hydraulic fracturing system and a ‘land drilling system of the future.’

Contracts Europe

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.

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.

Shareholders in Israel’s Delek Drilling will vote next month on whether to approve a $200 million investment that will allow the company to export gas to Egypt via a subsea pipeline.

Subsea 7 SA has been awarded a contract by Shell (NYSE: RDS.A) for the Penguins Redevelopment Project, located approximately 150 miles north-east of the Shetland Islands, the company said on June 11.

The company also said in May 18 it was making good progress in 2018, delivering its strategy of focusing on its core, delivering organic growth and reducing capital intensity.

Downhole Europe

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.

Advances in subsea processing systems are moving the technology toward the point where a ‘subsea factory’ on the seabed by 2020 is nearing reality.

Equipment Europe

Pipeline operator says there is no timeline yet for repair of the Forties system, now under force majeure.

Transocean Ltd. plans to retire six of its cold-stacked rigs in an environmentally responsible manner.

Subsea 7 S.A. has signed a letter of intent with Royal IHC in the Netherlands for the construction of a new reel-lay vessel and associated pipe lay equipment.

The deal, which would be mostly paid for in shares and convertible bonds, would strengthen Transocean's position in offshore drilling as Songa is Statoil's largest drilling service provider.

The world’s biggest oilfield service provider Schlumberger took a 20% stake via a private placement in the company managed by former Seadrill executives in March.

Operations Europe

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

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 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.

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.

The strike, which began July 10, has had a limited impact on Norway’s oil production so far, but some drillers warned of possible contract cancellations if the dispute goes on for a month or more.

People Europe

Evy Glørstad-Clark has been appointed senior vice president, exploration at Aker BP, effective Aug. 1, and will be part of the executive management team.

One union said hundreds more workers would join the strike July 15 if an agreement over union demands for a wage increase and pension rights was not reached.

The board of directors of Nexans appointed Christopher Guérin as CEO on July 3, during a meeting chaired by Georges Chodron de Courcel.

The supervisory board of Airborne Oil & Gas (AOG) has named Oliver Kassam as its new CEO, the company said on June 21.

Industri Energi, which represents more than 4,000 drilling workers, said in a statement the deal would give a “solid increase” in pay, averting a strike among its members that could have hit exploration efforts later this year.

Regulations Europe

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

The Kremlin on July 12 rejected President Donald Trump's description of Germany as a "captive" of Russia due to its energy reliance, saying his statement was part of a U.S. campaign to bully Europe into buying American energy supplies.

President Donald Trump accused Germany of being a “captive” of Russia on July 11 as Western leaders gathered in Brussels for a NATO summit where Trump wants Europeans to pay more for their own defense.

Ineos had argued that the ban was imposed unlawfully and that it contradicted evidence that shale gas could be produced safely by unconventional methods.

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.