A new Houston-based subsea company, Underwater Integrity Solutions (UIS), was launched at the Offshore Technology Conference (OTC) on 4 May. The independent company will focuse on underwater integrity, production assurance and life extension for subsea fields…
Low oil prices are challenging oil and gas operators. Two Houston-based companies, Fieldwood Energy and Schlumberger, whose operations are mainly in the Gulf of Mexico (GoM) discussed some challenges that their companies face due to today’s…
OE staff reports from the Offshore Technology Conference in Houston on Tuesday, 5 May 2015. Vietnamese delegates addressed challenges and opportunities in fractured basement reservoirs on Tuesday morning’s “Understanding the Challenges of Vietnam Fractured Basement Exploration…
Lloyd’s Register Energy is inviting companies from America, Canada and Brazil to take part of a joint industry project (JIP) focusing on additive manufacturing at this week's Offshore Technology Conference (OTC) in Houston. Additive manufacturing…
Lloyd’s Register Energy issued a new risk-based Technology Qualification Guidance Note to minimize risks and uncertainty of novel designs, concepts or applications not covered by existing rules, industry codes or best practice. Lloyd’s…
Addressing wellhead fatigue issues and proving sufficient margin for drilling operations has been a growing challenge for the oil and gas industry over the last decade. Wellhead fatigue can have significant technical, financial and safety implications for the system…
At the session “Pumps and Pipes Innovation in the Oilfield and Cardiovascular Medicine” at OTC 4 May, experts explained how interestingly the medical and energy sectors use similar technologies. Image from OTC…
Baker Hughes announced the introduction of its Hammerhead system—the industry’s first fully integrated wellhead-to-reservoir ultra deepwater completion and production system. Hammerhead. From Baker Hughes…
UK based centranlizer specialist Centek is launching its Inter Casing Centralizer Sub (ICCS) at this week's Offshore Technology Conference. The ICCS is designed to be run as part of a tight tolerance casing string in deepwater, ultra-narrow annulus applications…
UK-based international oilfield services company Expro has won a four-year, US$45 million contract offshore Canada with Statoil in the Flemish Pass Basin. The contract, which includes options for two one-year extensions, will include…
Challenges in offshore oil and gas exploration and technology advances must not be an excuse to cut costs on safety, Lloyd’s Register Energy is warning at this year’s Offshore Technology Conference (OTC) in Houston. Lloyd’s Register Energy…
The oil and gas industry must rely on technology, collaboration and several industries, including academia to excel in the advances of emerging offshore technology trends, BP Chief Operating Officer of Reservoir Development and IT&S James…
Celebrating its 40th Anniversary, Offshore Engineer (OE) and Hasbro Inc, an American multinational toy and game company, teamed up to create a custom MONOPOLY Game for the offshore industry. The OE 40th Anniversary Collector’s Edition MONOPOLY…
In the words of a wildly popular weekly US television series: “BP, you are in danger. Hess…you’re safe!” Due to current low oil price realizations, BP's consolidated cash flows in 1Q fell to about US$1.9 billion, a significant fall from a year ago…
At the 2015 Offshore Technology Conference (OTC), Petrobras will receive the OTC Distinguished Achievement Award for Companies, Organizations, and Institutions – the highest recognition that an oil company can receive as an offshore operator…