The 'digital oilfield' has been talked about for decades, been in practice for several years, but has not yet become a complete reality. despite its early promise, one issue that has consistently impeded the digital oilfield is the management…
The US oil & gas industry grew across several categories in 2011, including a 38% increase in exploration and development spending, according to new analysis from Ernst & Young. Russell McCulley reports.While total capital expenditures among…
With the 2012 Atlantic hurricane season well under way, Weather Research Center's Jill Haslings discusses key learnings from the super storms of the past decade and how the Freeman/Hasling Damage Potential Scale can help the oil industry better understand the threat from the Gulf hurricanes to come…
OE's analysis of current rig market data is updated monthly using statistics provided by Rigzone.comUtilization for the worldwide competitive mobile offshore drilling unit (MODU) fleet remains steady at 86%.Although demand for all rig types has grown by 57 rigs over the last twelve months…
Drilling and completing the Dutch North Sea's first intelligent auto-gas lift tri-lateral subsea oil and gas well helped transform the highly marginal Van Ghent discovery into an economically robust development. Dana Petroleum Netherlands's Michiel van der Most…
Subsea thermal insulation has an important role to play in ensuring the smooth running of offshore facilities as the industry moves into deeper waters and fluids get warmer. Trelleborg Offshore's Grethe Hartviksen argues that innovative synthetic…
Regulatory enhancements prompted by the macondo disaster now require operators to submit a worst-case discharge (WCd) scenario report prior to obtaining a drilling permit in US offshore fields. How to model WCd for offshore wells in compliance…
Proserv unveiled a next-generation subsea cutting tool said to provide complete well severance and significantly reduce in-well operational time. The enhanced Multi-String Cutting (MSC) tool is a customisable internal multi-string conductor…
The latest generation of Liqui-Cel membrane contactors on show at OTC are claimed capable of deoxygenating injection water with less weight and a smaller footprint than conventional deaeration technologies, such as vacuum towers. The compact…
CorDEX Instruments launched its next-generation corrosion monitoring device which streamlines readings gathered in the field and enables users to monitor integrity levels at specific points on an asset or pipeline.The latest hand-held UT5000…
Aberdeen-based deepwater buoyancy, insulation and elastomer product specialist Balmoral Offshore Engineering introduced two additions to its drill riser buoyancy portfolio. The new syntactic foams, Durafloat Superlite and Durafloat Superlite-X…
GE Oil & Gas introduced its next-generation technology for shearing and sealing wellbore tubulars at OTC 2012. The new Blind Shear Ram, designed for use in GE’s 183/4in ram BOPs, is claimed capable of both shearing and sealing after cutting 65/8in tool joints…
Cameron typically shows off serious subsea technology during the annual Houston event but this year chose instead to put the spotlight on its purchase of the TTS Energy Division from Norway’s TTS Group, a transaction expected to close soon.The…
A new high pressure fill-up and circulation (HPFAC) tool launched by Drawworks allows operators to fill-up, circulate and take flowback while casing is being run. The patent-pending tool aids in running casing and liners under pressures up to 10…
Baker Hughes’ new Mastiff mechanized, self-pinning rigless intervention system (RIS) provides operators with an alternative method for carrying out pipe installation and retrieval operations that typically require an offshore rig, helping to reduce the cost of abandonment…