Technology Exclusives

ONGC Videsh, exploration, invest, Colombia, Bangladesh, Kazakhstan, oil and gas

The investment plans include drilling more wells in Colombia, where the company recently made a commercial discovery, and exploration activities in Kazakhstan and Bangladesh.

Oilfield Services Sector Continues Consolidation With Nabors-Tesco Merger

Nabors’ roughly $216 million acquisition of Tesco is ‘rare win-win in oil patch consolidation,’ analyst says.

Cobalt, asset sales, Gulf of Mexico, Angola, North Platte

Cobalt hopes to finalize the bidding process for its GoM assets in September as it continues to resolve concerns with its Angola assets sale.

Kosmos Energy, Andy Inglis, BP, exploration, partnership, offshore, Atlantic Margin, Senegal, Mauritania

The partnership was formed as the oil and gas industry works to keep exploration efforts alive following spending cuts caused by lower commodity prices.

Technology, regulations and more are required for an effective abandonment and decommissioning strategy for aging offshore facilities.

Technology Completion

patent, Deloitte, Center for Energy Solutions, hydraulic fracturing, oil, gas

Proppant tracking, flowback prevention and nanoparticles are among the areas of focus, according to a study released by Deloitte.

shale, technology, KCA, oil, ConocoPhillips, Halliburton, drilling, well, proppant

Recent trends and new technology indicate operators and service companies are thinking outside of the box and experimenting with different methods and techniques to grow production.

William D. Von Gonten Jr., W.D. Von Gonten & Co., DUG, Eagle Ford, shale, fracture, prop, completion, model

Better insight, including on calcite and ash bed layers, could lead to better frack designs, greater stimulation and ultimately, more production.

The technology uses an industry standard downhole data logger to collect data from which measurements are made and fracture locations pinpointed.

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.’

Technology Contracts

Atwood said one of its subsidiaries agreed to a one-well contract with Kosmos for operations offshore Northwest Africa. The day rate was not disclosed.

The joint venture company will build the concrete gravity structure for the development’s fixed drilling platform.

Croatia's CROSCO, part of energy group INA, said on Aug. 3 it had won deals worth €47 million (US$56 million) to drill 12 wells in Ukraine.

Jacobs Engineering Group has signed a global enterprise framework agreement renewal with Shell Oil Co. to provide concept, front-end engineering, detailed design, procurement, project management, construction management and construction services.

Technology Digital

Machines are smart, but effective well management relies on getting the right data to the right humans at the right time.

Advances in data analytics can give operators a much clearer picture of their complex plays.

Wireless communication solutions can provide reliable high-capacity connectivity that is scalable enough to cater to current requirements and future expansions.

New collaboration technology captures knowledge and accelerates group decision-making for a world-class African discovery.

From new collaborative models to digitized operations, disruptive innovation can redefine the oil and gas industry.

Technology Downhole

The new agreement enhances policies and procedures established through the Global Industry Response Group and adopted by the Subsea Well Response Project consortium, the press release said.

Halliburton said it collaborated with customers to design the Dash Large Bore, which can isolate the lower landing string in six seconds or less, disconnect from the lower landing string in ten seconds or less, and provide downhole data.

Andrew F. J. Gould and James W. (Bill) Stewart were appointed to the board of directors at BJ Services, and Evelyn M. Angelle joined as executive vice president and CFO, the company said Jan. 19.

Combining real-time downhole intelligence, coiled tubing strength and flexibility, and continuous electrical power benefits fishing, milling, cleanouts, perforating and other operations.

David G. Gallagher said that trademarked Gilsonite is a naturally occurring asphaltite that binds and strengthens as an additive for drilling fluids and cementing.

Technology 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.

Drillers have added rigs in 56 of the past 63 weeks since the start of June 2016. The rig count is an early indicator of future output.

The current U.S. oil and gas rig count is 954, according to Baker Hughes. That compares with an average of 509 in 2016 and 978 in 2015.

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.

Technology Operations

Several provisions of the sanctions law signed by U.S. President Donald Trump earlier this month target Russia’s energy sector, which produces much of its foreign income, with new limits on U.S. investment in Russian companies.

On Aug. 12 Kuwait said various services were investigating the incident but did not give the magnitude of the spill near Kuwait's southern Ras al-Zour area nor its cause.

Tullow Executive Vice President Ian Cloke said in a speech during the launch in northern Zambia that exploration would take between two and 10 years, development three to 10 years and production 20 to 50 years.

The company sees investment in oil projects overseas as a way to compensate for lower domestic output by adding reserves and external production to its portfolio while gaining know-how, Pemex exploration chief Jose Antonio Escalera said.

Yelkhovneft has also started drilling more smaller-scale wells, allowing it to halve drilling-related spending. It has begun to use lighter or fewer metal parts in equipment, cutting costs further, said Azat Khabibrakhmanov, head of the Tatneft unit.

Technology People

Arthur James Johnson has been named CEO of Texas-based Hunting PLC, effective Sept. 1, the company said in a news release on Aug. 16.

John Freeman, who most recently served as special advisor to the integration of Technip and FMC, has been appointed senior vice president, general counsel and corporate secretary for McDermott International Inc.

Franklin, who is currently the interim chairman of Norway’s Statoil, will assume the role of Premier Oil’s nonexecutive chairman from Sept. 1, the company said.

The NOC gave no reason for the protest in Zawiya, which began on Aug. 6, forcing oil workers to gradually reduce production from Sharara which is located in Libya's south west.

The UKCS will need to beef up its skilled workforce to remain competitive.

Technology Regulations

Brazilian prosecutors plan to investigate the controversial sale in 2015 of the Argentine subsidiary of Petrobras (NYSE: PBR), Brazil's state-controlled oil company, lawyer Felipe Caldeira, said on Aug. 16.

Indonesia’s Pertamina said on Aug. 16 that tax issues related to importing crude oil into the Southeast Asian country could scupper plans by the state oil firm to take stakes in two energy blocks controlled by Russia’s Rosneft.

Petrobras has been authorized to export idle LNG in the spot market, according to the Aug. 9 issue of the Official Gazette.

Chairman Manuel Pangilinan told reporters he was looking to discuss plans to resume PXP’s stalled Reed Bank project in the hotly contested waterway with the Philippine government.

Britain’s market regulator said on Aug. 2 a takeover of Amec Foster Wheeler by oilfield services firm Wood Group could hurt competition.