Equinor, Faroe To Swap Norwegian Offshore Assets
The deal gives Equinor an additional 7.5% ownership stake in the Njord redevelopment project and associated tiebacks in the Norwegian Sea, and potentially raises Faroe’s value in the midst of a hostile takeover attempt by DNO.
Apache Begins Production at Garten in UKCS
Startup comes 8 months after the initial discovery in March, marking the second successful tieback since 2017 to the Beryl Alpha platform in the UK North Sea.
UK North Sea Decommissioning Costs Projected To Drop
An influx of new investment and operational efficiencies borne out of the oil price downturn have led to a drop in projected decommissioning costs. Decommissioning multiple wells in one campaign helped some operators achieve time savings of 33% per well.
Operations Suspended Following Oil Spill in White Rose Field
A shut-in subsea flowline is believed to be the source of the spill on Husky Energy’s SeaRose FPSO offshore Newfoundland and Labrador. The spill is believed to be the largest in the history of the Canadian province.
Ineos Enters Exclusive Talks for ConocoPhillips North Sea Assets
A deal with the UK-based energy and chemicals company could fetch up to $3 billion for ConocoPhillips, which is transitioning out of the North Sea to focus on US shale operations.
API Releases New Edition of Valve Standard
API released an updated valve standard for wellhead and tree equipment, which includes new automatic closure requirements.
Keystone XL Pipeline Temporarily Blocked
A decision by the US District Court in Montana deals a blow to the TransCanada project, which is designed to transport heavy crude from Alberta to Nebraska.
Equinor Acquires New Canadian Offshore Licenses
The deal gives Equinor exploration parcels in the prolific Jeanne d’Arc Basin, near its existing discoveries offshore Newfoundland and Labrador.
Supervised Autonomy Bridges the Gap in ROV Inspections
ROVs dominate the world of subsea inspections, maintenance, and repair, but as operators work in a post-downturn economy, autonomous systems have become more in demand. Autonomous inspections are possible today, but how can they help with light and heavy intervention?
Kreuz, Seamec Mobilize Vessel for ONGC Offshore Project
As part of a 2-year deal, the Kreuz Glorious will help with the inspection of offshore jackets in the Arabian Sea. Kreuz will also provide personnel for project management and offshore construction.
Should Cybersecurity Drive Business Decisions?
Cyberattacks are often seen as an IT issue, but the intelligence gained during the development of an effective cybersecurity protocol may serve a broader role as a business driver for energy. What should companies look for in assessing threats?
Jacobs Engineering Sells Energy and Chemical Segment to WorleyParsons
The oilfield engineering services industry continues to “wheel and deal” with Jacobs’ $3.3-billion sale to WorleyParsons.
InterMoor Acquires BEL Grapnel and Chaser Designs
The deal covers drawings, designs, and cast patterns for BEL’s anchor- and chain-handling equipment.
Improving Facility Design With Integrated Modeling
Steady-state modeling of an asset requires the work of multiple engineering teams, which often leads to suboptimal facility design. An integrated model using information consistently across the entire asset may alleviate the pain resulting from conventional methods.
Can Automation Speed Up Project Delivery?
The execution of process automation projects depends on the completion of tasks that are not necessarily related to automation, hampering project development timelines. How do automation solutions, such as digital twins, help to overcome these challenges?
BP Starts Up Thunder Horse Expansion Ahead of Schedule
The expansion is expected to boost production of the deepwater Gulf of Mexico platform by approximately 30,000 BOE/D. It is the fourth major upstream project to begin production for BP in 2018.
Greedy Pursuit: Algorithms Show Promise in Measuring Multiphase Flow
“Greedy pursuit” in the realm of algorithms is a good thing. Saudi Aramco studied such algorithms to produce images simulating the flow inside a pipe’s cross section, possibly reducing the need for separator-based multiphase flowmeters.
Equinor Announces Cost Increase, Delayed Startup for Martin Linge
The North Sea field, which holds an estimated 300 million BOE in recoverable resources, is now scheduled to start production in early 2020. Operator Equinor said the timeline was based on its assessment of the remaining scope of work on the project.
C-Innovation Opens New Dock Facility for Subsea Work
The Port Fourchon, Louisiana, facility will serve as the base for the company’s operations in the area. Its subsea services group has performed multiple hydrate remediation projects in the US Gulf of Mexico since its formation.
BASF, LetterOne Agree To Merge Oil and Gas Businesses
The deal, which is subject to regulatory approvals, would mark the largest E&P merger in Europe in more than a decade. The two companies combined made $5.5 billion in revenue last year.
Changing the Mix: A New Approach to Polymers for Offshore EOR
Researchers from Chevron are looking into a new approach to understand the drivers of polymer hydration. How might this affect the design of mixing systems in the field, and could it affect offshore EOR applications?
What Does China’s LNG Import Tax Mean for the US?
Industry analysts fear bad news for producers, as Chinese demand is expected to be a significant driver in new LNG production. China accounted for 15% of US LNG exports in 2017.
EPA Proposes Relaxed Methane Emissions Regulations
The proposal would rollback requirements for testing and fixing fugitive methane leaks in oil and gas operations. It would save millions in regulatory costs, but the estimated increase in methane emissions is controversial.
AI Aims To Predict Operational Behaviors, Alert of Potential Hazards
Unstructured data, such as process logs, safety reports, and public records, make up the bulk of data produced from the oil field. Emerging NLP technology has been designed to help make sense of this data, enabling better insights into near-accidents.
For Download: The EPC Engineering Sequence Workflow
The EPC engineering workflow is synopsized as a one-page view.
Santos Acquires Quadrant Energy, Takes Ownership of Dorado
The $2.15-billion deal gives the company an 80% ownership stake in what could be one of Australia’s largest offshore discoveries in years.
Standardization and Cybersecurity Go Hand in Hand
How can communication standards help companies create and enforce stronger cybersecurity protocols? What roles do people and technology play in securing assets? Industry experts look at these questions and examine other drivers of the digital oil field.
Fueling the Oil Field: Can Natural Gas Satisfy Demand?
A new paper from ADI Analytics examines the circumstances in which natural gas could become an attractive method for fueling oilfield equipment.
Repsol Establishes Model for Venture Capital Investment
The Spanish E&P company plans to invest more than $11 million by the end of 2018 on startups working in established priority areas, which include resource reuse and sustainability measures.
US Steel Tariff Exclusion Process Leaves Trail of Confusion
Operators are increasing capital budgets in the wake of tariffs and quotas initiated by the US government on steel imports, and the product exclusion process has revealed a host of other issues. If the tariffs are here to stay, what does industry hope to see moving forward?
Equinor Submits Phase 2 Plan for Johan Sverdrup to Norway Regulator
Equinor submitted the development plan for Phase 2 of the Johan Sverdrup project on 27 August with an increased resource estimate and a cut of NOK 6 billion in investment costs.
Offshore Survey Shows Shift From Cost Cutting to Expanding Operations
An offshore survey identified a decrease in focusing on cost cutting and an increase in preparing to expand operations. With the oil prices above $60/bbl the impetus for negotiation for lower prices by companies and service providers appears to be waning.
Natural Gas Pipeline Capacity to South Central US To Reach 19 Bcf/D by Year's End
With new projects scheduled to come on line later this year, the region, which mostly comprises states along the US Gulf Coast, will shift from being a source of natural gas supply to a source of growing demand.
Aqualis Offshore Secures Deal for Total's Egina FPSO
The company will manage the position-keeping for the deepwater project offshore Nigeria, which is scheduled to start production later this year.
Trafigura Submits Permit for First US Deepwater Oil Port
If approved by the US Department of Transportation, the port facility would allow VLCCs and other tankers to directly load cargo, potentially removing a major hurdle for US crude oil exports.
RDS and Kavin Engineering Form Alliance To Design and Engineer Upstream and Midstream Projects
RDS, a KCA Deutag division, and Kavin Engineering and Services entered into a strategic alliance to jointly pursue design and engineering projects across the upstream and midstream oil and gas market. Last month, KCA Deutag agreed to form a joint venture with SOCAR.
McDermott Nets Subsea Tieback Contract for Pemex's Ayatsil Field
The deal covers the installation of a pair of rigid flowlines for the shallow heavy oil field, Pemex’s largest discovery to date. Work is expected to be completed early next year.
New Research Explores Effective Produced Water Treatment
As operators seek lower water management costs, a pair of studies examines methods and technologies that could have a major impact on treatment and reuse for hydraulic fracturing operations and beyond.
Total Begins Production at Kaombo Deepwater Project
Sanctioned in 2014, the project is the largest deepwater offshore development in Angola. It will produce an estimated 230,000 BOPD from six different fields at peak.
Analytic Models Propose Wastewater Disposal Facility Locations in Marcellus
Researchers at Texas Tech University have released a study into wastewater production and disposal in the Marcellus Shale, proposing disposal hubs across the state of Pennsylvania that could reduce trucking distances.
Testing of New Pipeline Inspection Device Begins in Bakken
These balls have the potential to alter how pipeline inspections are done, and a consortium of pipeline operators and industry experts in North Dakota is examining just how well this emerging technology can handle the small-diameter pipelines in the area.
Congestion Relief: Enterprise To Develop Offshore Texas Crude Oil Export Terminal
The offshore export terminal, capable of accommodating very large crude carriers, could provide access to international markets in Asia and Europe—and higher prices—for Permian, Cushing, and Eagle Ford crude oil.
Baker Hughes To Sell Its Natural Gas Solutions Business
BHGE will sell the division, acquired by GE in 2011 when it bought Dresser, to a private equity investment firm, and a provider of products and services for the distribution and usage of natural gas in Italy. The combined value of the two deals is $375 million.
Development of Barrier-Fluid-Less Subsea Pumps Gains Momentum
The latest entrants to tackle the development of barrier-fluid-less subsea pumps are Saipem and Curtiss-Wright Corp., who agreed to collaborate in designing and building pumps for water treatment and injection.
AUVs Surface as Next-Gen Data Gathering Platforms
As operators look for cost-efficient ways to address the challenges in facility maintenance and deepwater exploration, autonomous underwater vehicles are being developed for complex data gathering and advanced tasks.
Shell Awards Contracts to GATE Energy, Subsea 7 for Vito
GATE will provide facility commissioning and Subsea 7 will provide a pair of infield production flowlines and the umbilical system for Shell’s recently sanctioned deepwater GOM development.
McDermott Makes Headway With New Projects
The engineering and construction company announced that it had achieved a pair of milestones for BP’s Angelin and Pemex’s Abkatun-A2 platforms, both of which are scheduled for delivery within the next two fiscal quarters.
Permian Water Market Ramps Up Activity
As rig counts continue to go up in the region, the Permian water disposal market is expected to see growth through 2021 with a possible record-high 8.4 billion bbl next year.
Siemens and Bentley Systems Collaborate on Process Industries Academy Initiative
The goal is to support the development and sharing of best-practice approaches for project delivery and asset operations using cloud services and digital workflows in engineering and operations.
SPE Offshore Europe 2019 Chair Appointed, Theme of Conference to be License To Operate
Michael Borrell, senior vice president, North Sea and Russia at Total, was appointed conference chair. "Our License To Operate: Breaking Through to Excellence" will form the theme of the biennial conference and exhibition which will take place in Aberdeen from 3–6 September.
Construction Begins on Pipeline Connecting Finland and Estonia
The offshore gas pipeline will connect the gas markets of Finland and Estonia, enabling integration with the European Union’s common energy market
Huisman and RAMLAB Initiate Consortium To Produce World’s Heaviest 3D Printed Steel Crane Hook
The hollow hook will weigh close to 1000 kg and have a safe working load of 325 metric tons.
RAMCO Agrees to Services Contract With Equinor
The $10 million/year contract covers the inspection and mobilization of casing and tubing at two Norwegian sites and includes extenstion options in 2020 and 2022.
Repsol Targets Upstream Production in Capex Boost
As part of a revised strategic plan, the Spanish company says it will invest more than $9 billion on its overall operations by 2020, with much of it going to its upstream business unit.
ConocoPhillips Joins FSubsea’s Omnirise JIP
The JIP aims to bring to market a single-phase subsea boosting system that does not require barrier fluid or a mechanical seal.
UN Cautions Countries Eyeing Shale Development
A new report on shale gas from UNCTAD addresses the balance between providing affordable energy to developing countries and the agency’s climate change goals.
Bureau Veritas Publishes UKCS Decomm Guide
Bureau Veritas made available its guide to decommissioning regulations in the UK continental shelf.
Shell/BHGE Study Paraffin Inhibitor Testing Techniques
Cold finger tests are a standard method for testing paraffin inhibitors, but there is no standard testing protocol, and sometimes different labs can see inconsistent results. Shell and BHGE studied the root causes of these issues.
Baker Hughes Opens Center for Inspection Technologies
BHGE opened its largest Customer Solutions Center globally for its inspection technologies business.
Hurricane Energy Begins Offshore Installation of Lancaster EPS
Logistical work is taking place in advance of subsea installation activities, which have the large UK North Sea field on track for first oil in 2019.
PDO Partners With Energy Technology Accelerator
Petroleum Development Oman has partnered with SparkLabs Group, a global venture and accelerator group, and Phaze Ventures, a new technology group focused on innovation throughout the Middle East, to launch a new accelerator focused on energy technology in the region.
A Model for Evaluating Inlet Systems to Gas/Liquid Separators
Learn about the guidelines for early stages of projects and a method for evaluating the effect of inlet piping and devices on gas/liquid separator performance and useful tools to evaluate the adequacy of a proposed design. [Note: Updated on 22 May, the article contains a number of corrections.]
Supply Chain Consortium Launched for Decommissioning Services
Global spending on oil and gas decommissioning is expected to be $13 billion per year by 2040. The launch of a collaborative supply chain approach to global decommissioning offers an end-to-end solution to reduce the decommissioning burden, risk, and cost for operators in Europe, Asia, and Americas.
The Trump Steel Tariff: How Will It Affect Industry Operations?
How will a US steel tariff affect the oil and gas supply chain? Industry criticism points to a noticeable effect on construction expenditure and jobs, but where will the pain be most felt?
Catalysts for Offshore Progress: Service Company Partnerships, M&As
Executives from several service companies involved in the offshore space—including two sides of a recent hostile takeover bid—came together at OTC to discuss the virtues of collaboration and rationale behind M&A.
Kreuz Subsea Mobilizes New-Built Vessel, Enters Into JV in Brunei
Kreuz Subsea mobilized the Kreuz Challenger, a diving support vessel, as part of its 7-year contract with Brunei Shell Petroleum Company. The contract runs until 2022 and includes inspection, repair, and maintenance services to be carried out on offshore oil and gas structures.
McDermott Rejects Acquisition Offer From Subsea 7, Plans To Move Forward With CB&I Deal
McDermott’s board of directors rejected an acquisition offer from Subsea 7, which called for McDermott to abandon its planned $6-billion combination with CB&I. McDermott’s special meeting of stockholders, which was scheduled earlier to address the CB&I deal, will be held on 2 May.
BP Starts Pair of North Sea Field Developments
Scheduled for 2020 startups, the Alligin and Vorlich Fields are expected to produce 30,000 gross BOE/D.
Maersk Drilling and Maersk Supply Service Establish JV for Decom
The joint venture will include work on P&A, towage of floating units, and removal of subsea infrastructure, with the ultimate goal of providing the full end-to-end process for decommissioning.
Video: Early-Stage AUVs Set To Launch in North Sea Facilities Inspection Trials
Advanced AUVs with early-stage technologies for live streaming, ultrasonic testing, and 3D laser scanning are set to enter inspection trials on North Sea facilities. The aim is to reduce facilities inspection costs by 50%.
Canadian Firm Agrees to Acquire BiFab Yards
An agreement with DF Barnes is expected to provide financial security for the Scottish fabrication company, which had been on the verge of closure.
Subsea 7 Completes Acquisition of Siem Offshore Contractors
Subsea 7 completed the acquisition of Siem Offshore Contractors along with a cable-lay vessel and a support vessel.
First Cargo Confirmed for Yamal LNG Plant
TechnipFMC confirms the December shipment of LNG from its new facility in northern Russia, one of the largest integrated LNG projects in the world.
Swarming, Swimming Robots Make Their Debut
Aquabotix’s SwarmDiver technology marks a major milestone in the growing trend toward swarm-deployed underwater vehicles.
Cyberattack Temporarily Takes Down Energy Transfer’s Electronic Data Interchange
A cyberattack on a third-party provider of an electronic data interchange platform temporarily interrupted Energy Transfer Partners’ ability to transfer files with its customers.
Mubadala Progresses on Pegaga Field After Sanction
The field marks the first development in Malaysia for the Abu Dhabi-based operator, with first gas expected in 2021.
Toward the Economical Use of Corrosion-Resistant Alloys for Water Injection Tubing
With the huge amount of water injection in the industry, the need is paramount for a more scientific approach to materials selection for tubing, especially CRAs. Software-based predictors similar to those developed for CO2 corrosion would improve the economical choice of CRAs.
UK E&P Activity Looks Promising for 2018, But Questions Remain
A new report from Oil & Gas UK explains how the UK North Sea is showing signs of life, but warns that new exploration investment will be necessary to avoid another production downturn.
Incorporating Reuse: The Next Frontier for Produced Water Management
As producers and third-party vendors navigate the logistical challenges of water management, the push toward greater reuse of produced water has gained steam. How close is the industry to 100% reuse?
Corinth Secures Subsea 7 Contracts for Aker BP Subsea Tiebacks
The steel pipe manufacturer agrees to deliver outer pipes for pipe-in-pipe flowlines for a pair of recently-announced Aker BP projects in the Norwegian Sea.
Statoil To Change Name to Equinor
Statoil’s board of directors proposed to change the name of the company to Equinor as of 16 March. The name change is intended to support the company’s strategy and development as a broad energy company.
Pioneer Shuts In West Panhandle Field Following Compression Station Fire
Pioneer shut in 8,000 BOE/D production in its West Panhandle field in Texas on 6 March due to a compression station fire. No injuries occurred. Planning to use idle compressors, production is expected to restart later this month or in early April.
McDermott, BHGE Appointed for Joint FEED Studies on Tortue/Ahmeyim Field
The two companies will collaborate to define the technology and equipment scope for an initial four-well development phase for BP’s major West African offshore gas project.
Anadarko Looks to Tiebacks, Platform Life Extension, and Potential Redeployment To Add Value
Anadarko aims to maximize immediate short-cycle value through tiebacks and platform relocations in the Gulf of Mexico.
TechnipFMC Completes Kaombo Umbilicals Project
Completion of the umbilicals system marks another step toward startup for the Total-operated ultradeepwater development offshore Angola.
Are Your Produced Water Decisions Based on the Best Economics?
Recycling produced water may not be the soundest economic decision for operators of hydraulic fracturing projects. A water logistics expert examines the design considerations companies must account for with full-cycle water management systems.
Fugro Awarded Contract in China for Gas Hydrate Research
Fugro will begin its fifth gas hydrate research project in in the South China Sea.
Halliburton Facilities, Business Lines Achieve API Q2 Registration in Angola
Halliburton received API’s risk-based quality management system registration for its Angola facilities and product service lines.
Apache Aims To Boost Produced Water Reuse in Permian
The rising oil production and produced water volumes in the Permian are expanding the scope and scale of recycling. Apache is targeting 50% of its frac water to be made up from recycled produced water this year.
Aggressive Cost-Cutting: Is it Sustainable?
Onshore development is increasing production, while investors demand greater operational efficiencies. Operators and service companies are striving to strike the balance between fiscal discipline and growing their production. How low can costs go, and for how long?
Shell and SBM Offshore Win OTC Distinguished Achievement Award for Stones Field
Shell and SBM Offshore won recognition for their Gulf of Mexico Stones field development. The OTC Distinguished Achievement Award will be presented during a luncheon on 1 May at the Offshore Technology Conference in Houston.
Delayed Project Sanctions in 2017 More Than Double the 2015–16 Count
Delayed final investment decisions during the final quarter of 2017 led to more than double the combined count in 2015 and 2016.
Additive Manufacturing Makes Waves in Industry
Gas turbine blades and large-scale printing machines highlight new advancements in additive manufacturing that are likely to affect the supply chain in the not-so-distant future.
CNOOC Begins Production at Stampede in Gulf of Mexico
The Hess-operated field, which drew first oil in January, is expected to produce 80,000 BOPD as production ramps up this year.
Siemens, GE Partner With Open-Source Innovation Community
Siemens and GE are among the companies discovering the power of an open-source innovation community to offer solutions for significant oil and gas industry challenges, such as improved corrosion monitoring.
New Offshore Designs Win ABS Early Approvals
ABS granted Approval in Principle to new designs for a floating production storage and offloading hull, a self-elevating unit for a mobile offshore drilling unit, and a tension-leg platform.
JIP Developing Model To Simulate Arctic Sea Spray Icing
DNV GL’s Rig Spray JIP aims to help operators working in the Arctic better predict the potential for sea spray icing on offshore structures, which poses a significant safety hazard.
Aqualis Offshore Signs Frame Agreement With Aker BP
Aqualis Offshore and Aker BP have signed a 5-year frame agreement. Aker was awarded 23 new production licenses by the Norway Ministry of Petroleum and Energy on 16 January.
RPSEA Releases Oil & Gas Technology Roadmap
The Technology Roadmap identifies R&D opportunities that will allow the US to be the leading producer of oil and gas into the future. The importance of technology transfer and time to commercialization is discussed.
Program Aims To Slash Cost of Methane Sensor Systems
A US-government-sponsored program is putting new methane leak detection systems to the test with a goal of achieving functionality costs of $3,000/year/wellsite while hitting stringent performance criteria.
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