Technology Exclusives

Although offshore well spending growth is expected to fall again this year in some analysts’ views, the sector could see better times in the coming years.

A system looks to optimize value in directional drilling by minimizing deviation from planned wellbore trajectory, minimizing tortuosity and more.

The project involves determining which parameters and information are vital for FPSO integrity assessment to define a standard for data acquisition and treatment at fields.

E&P spending in North America is expected to lag behind international markets, where some regions could see double-digit spending growth.

A reliability-centered maintenance strategy built on asset data can help producers get ahead of failures, improve reliability and reduce risks.

Technology Completion

Quality control processes are key to keeping turbidities and silica exposure low.

Shale logistics teams prepare for increased pace in 2019.

Dual-basin independent E&P company is ready for 2019.

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The oilfield service company is using digital technologies such as the Internet of Things, cloud computing and advanced analytics in an effort to improve production efficiency in the oil patch.

Rice Brothers Look To Transform Industry Through Fracking Software Investment

Rice Investment Group recently closed on an investment in Cold Bore Technology, a fracking software company the brothers behind Rice Energy see electrifying the oil field. 

Technology Contracts

Optime Subsea said its Subsea Controls and Intervention Light System will be used as part of the contract.

TechnipFMC (NYSE: FTI) has been awarded a significant integrated engineering, procurement, construction and installation (EPCI) contract by BP (NYSE: BP) for the Atlantis Phase 3 project, the company said Jan. 9.

Danos said Jan. 7 it has secured a contract with Equinor (NYSE: EQNR) for production operation support on its Titan SPAR platform, located in the deepwater Gulf of Mexico.

TechnipFMC (NYSE: FTI), in consortium with MMHE (Malaysia Marine and Heavy Engineering Sdn Bhd), on Jan. 7 signed a long-term offshore agreement with Saudi Aramco.

Oil and gas investment in Norway is expected to grow for a second year in a row in 2019 but will fall back between 2020 and 2023, an industry lobby group said on Jan. 7.

Technology Digital

Intelligent applications capable of automatically generating new workflows for the subsurface will transform the industry.

New digital technologies greatly improve the safety, efficiency and traceability of pressure testing throughout the life cycle of a well.

Providing risk visibility through an effective process safety program increases efficiencies.

Experts share their thoughts on the digital transformation underway in the oil and gas industry.

Executive Q&A: The Digital Oil Ambassador

Google Cloud’s Darryl Willis is leveraging his oil and gas experience as a geophysicist with BP to bridge the digital divide between industry and the inevitable transition to artificial intelligence.

Technology Downhole

A proven method forces injection fluids outside the path of least resistance through dispersion.

Rigs are consolidated at the high end while sand shifts back to quality.

New technologies can help alleviate the challenges a changing workforce faces.

The debate continues over well interference as the industry moves toward full field development.

A new design and changes in metallurgy shift wear from expensive pump fluid ends to sacrificial consumable components.

Technology Equipment

Energy companies cut 10 oil rigs in the week to Dec. 7, the biggest weekly decline since May 2016, bringing the total count down to 877, Baker Hughes, a GE company (NYSE: BHGE) said in its weekly report.

Drillers added two oil rigs in the week to Nov. 30, bringing the total count to 887, Baker Hughes, a GE company (NYSE: BHGE) said in its weekly report.

Drillers added two oil rigs in the week to Nov. 16, bringing the total count to 888, still the highest level since March 2015, Baker Hughes, a GE company (NYSE: BHGE), said in its weekly report.

A new land rig design offers shale drillers 2,000-hp drawworks and reduced footprint.

ADIPEC, Abu Dhabi International Petroleum Exhibition & Conference, technology, oil and gas

Companies at ADIPEC 2018 will be showcasing new products and services designed to meet industry challenges.

Technology Operations

Canadian producer Crescent Point Energy cut its 2019 capital budget by 30% compared to last year, blaming the recent decline in oil prices.

Ophir Energy rejected Indonesian oil and gas group Medco Energi's potential takeover offer, saying it "undervalues" the British oil and gas company.

Equinor’s acquisition of the 40% operated interest in Rosebank was initially announced in early October and came as Chevron was looking to shrink its presence in the North Sea.

The new CEO of Brazil’s state-controlled oil company Petroleo Brasileiro SA (NYSE: PBR) is pushing for the ouster of two board members, newspaper Valor Economico reported on Jan. 11.

Medco said shareholders of Ophir, an upstream oil and gas exploration and production company focused on Asia and Africa, would receive 48.5 pence in cash for each Ophir share.

Technology People

Mark Richard has been promoted as Halliburton’s new president of the Western Hemisphere, replacing Jim Brown who is leaving after more than 20 years with the oilfield services company.

Seadrill Partners LLC (NYSE: SDLP) said Jan. 10 that its CEO and CFO, Mark Morris, will step down from his positions at the end of June, providing time for the company to find a suitable replacement.

Total has appointed Brendan Warn to succeed Mike Sangster as the company’s senior vice president of investor relations.

Oil services group TechnipFMC said on Jan. 10 Doug Pferdehirt would replace Thierry Pilenko as its executive chairman, following Pilenko’s imminent retirement.

Royale Energy appointed Johnny Jordan as the Californian oil and gas producer’s next CEO, succeeding Rod Eson who decided to step down to “focus attention on personal business matters.”

Technology Regulations

President Trump on Jan. 9 nominated acting EPA chief Andrew Wheeler to run the agency permanently, the White House said, placing a former energy lobbyist at the helm of the nation's top environmental regulator.

Even as a partial shutdown halts the functions of many U.S. government departments, the Trump administration is continuing to push for the expansion of oil drilling in Arctic Alaska.

The Italian government is planning to block the issuing of about 36 permits to look for oil and gas as part of plans to cut the country's carbon footprint.

The government has capped Groningen production at 19.4 billion cubic meters (Bcm) in the year starting October 2018 and said it would reduce output to zero in the coming decade.

Turkey has resumed imports of Iranian crude oil after a one-month hiatus in November when U.S. sanctions on Iran were reimposed, trading and shipping sources said.