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The oil industry’s top equipment and services suppliers are hawking vastly cheaper ways of designing and equipping subsea wells, aiming to slash the cost of offshore projects to compete with the faster-moving shale industry.
When it comes to improving field economics, industry leaders say subsea boosting should be considered a “default solution” when developing hydrocarbon resources offshore.
The concept of the digital oil field has been on the technology radar in earnest since the turn of the century but it remains a tantalizing vision, seemingly always just out of reach.
The Offshore Technology Conference (OTC), which takes place May 1-4 in Houston, has named 17 technologies that will receive the 2017 Spotlight on New Technology Award.
Eelume’s robotic sea snake, a new underwater intervention vehicle, is moving closer to becoming commercially deployed after taking a 150-m (492-ft) winter dive in a Norwegian fjord near Trondheim, proving its abilities to maneuver, record video and snap photos.
For Viper Innovations, collaboration, diversification and innovation go hand-in-hand when it comes to maintaining the electrical integrity of equipment.
Hempel has released two new coatings that aim to increase the service life and reduce on-station maintenance requirements of offshore assets.
DOF Subsea, working with Sonardyne, 2G Robotics and Seatronics, has released a new underwater surveying technique in which ROV-mounted and mapping operations are conducted while the vehicle is in motion.
Tough times for the oil and gas industry have led offshore operators to subsea technology to help cut costs as many lean toward standardization and simplified yet innovative concepts.
Subsea technology firm Optime Subsea Services and Telemark Technologies, a Norwegian engineering company, teamed up to push out a modular well completions system for the offshore oil and gas industry.
The Subsea Services Alliance, a collaboration between Helix Energy Solutions Group Inc. and Schlumberger, have launched development of the first riserless open-water abandonment module (ROAM).
Having successfully completed testing of the world’s first subsea gas compression system on the Ormen Lange Pilot project offshore Norway, Anglo Dutch major Shell and its partners are now gearing up to kick start the process of simplifying the total system that is seen as the next step for the technology, GE Oil & Gas said.