Deepwater Renaissance? Hopes Run High for Mexico Prospects
OTC panelists were excited at the potential of deepwater exploration offshore Mexico and believe that opportunities there could eventually drive a big new wave of activity.
Want To Make Deepwater More Profitable? Shell Says Listen to the Facility Staff
One of the oldest deepwater platforms in the Gulf of Mexico has become a profit-leader for the oil major during this downturn and is now a model for the company’s other floating assets.
OTC: Low-Price Environment Affects Safety
The new economic environment known as “lower for longer” has had no small effect on offshore safety, said a panel of experts at the 2017 Offshore Technology Conference.
Industry Not Yet Using Digital for Disruptive Change
Panelists at the Offshore Technology Conference largely doubted that the oil and gas industry is making full use of digital technology for fundamental transformation.
OTC: Competitive Strategies Bring Projects to FID
Companies are rethinking offshore developments and in a very tough market are finding innovative ways of bringing some projects forward.
OTC: Private Equity Firms Have Billions But Remain Cautious
While the current oil prices may not generate the cash flow needed to pay for offshore projects using traditional financial options, private equity may be the best alternative for operators.
For Pemex, Partnerships and Profitability Are The New Focus
The new CEO of Pemex outlined his plan to reverse the state-owned company’s struggling financial and production situation.
Zinke Pushes for Review of Interior and Regulations at OTC
Secretary of the Interior Ryan Zinke praised America’s resource potential and regulatory framework at OTC. He also laid out his plan to review the department and signed two secretarial orders.
OTC: To Compete With Shale, Deepwater Must Think Like Shale
The quick turnaround times and low-risk nature of shale developments need to be replicated in the deepwater business, according to the CEO of Murphy Oil.
Disappearing Downhole Tools Eliminate Need for Intervention
Development of a new polymer composite that degrades via hydrolysis in hot water or brine holds potential for use in structural applications for intervention-less downhole tools.
OTC: Moho Nord Startup Marks Milestone for Congo
Innovations characterize the deepwater Moho Nord field development, recently brought on stream by Total in the Republic of Congo, and the project creates significant value for the country.
OTC: Brazil Energy Reforms Yield Big Lease Sales and Questions
Brazil is embarking on a 3-year round of bid sales offering international oil companies multibillion barrel prospects with better contract terms.
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19 June 2019