Worldwide utilization for the mobile offshore drilling fleet averaged 72% over the last month. Of late the global utilization rates for semisubmersibles have held steady at approximately 83% while rates for drillships have bounced around the mid-to-low 80% range…
McDermott picked up a Bentley Systems innovation in construction award at the infrastructure software provider’s recent ‘Be Inspired’ gathering in Amsterdam for the early delivery of the Su Tu Vang central processing platform at the Cuu Long project offshore Vietnam…
Things are stirring on the UK continental shelf if the attendance at last month’s Pilot Share Fair in Aberdeen is anything to go by. More than 1000 people, including Meg Chesshyre, turned out to hear from major operators and contractors about their strategies for future North Sea projects…
Don’t expect much action on legislative items of interest to the US oil & gas industry before the next Congress is sworn in early 2011. That was the word from King & Spalding senior government relations advisor George Crawford, who spoke to…
During the Cold War, leaders recognized that a robust energy supply was a sign of power, economic strength and prosperity. But now, two decades on, there appears to be an unquestionable sign of ‘change’ – and it’s not necessarily change for the better for the US…
Merger and acquisition activity in the US oil & gas sector picked up steam 3Q 2010, despite ongoing uncertainty about business in the Gulf of Mexico, reported PricewaterhouseCoopers.For the three-month period ending 30 September, there were…
The overhaul of the reservoir model of the giant Forties oilfield – from data management to full field simulation – is described here by operator Apache North Sea’s Jeffery Pyle and Schlumberger’s Gordy Shanor.Production from the Forties field began in 1975…
Global upstream capital spending should rebound this year, according to IHS Herold director Nicholas Cacchione, author of the research firm’s 2010 Global Upstream Performance Review, released last month. ‘In North America, E&P investment increased 30% in the first half of 2010…
It is perhaps the biggest social and economic challenge of the world today: how will China acquire sufficient energy resources, of oil and perhaps even more important, natural gas, over the next several decades? China’s energy makeup is still quite primitive: 70% of China’s energy comes from coal…
Aker Solutions has started a six-month integrated operations pilot with Danish operator Dong on the Trym field, an industry briefing in London heard recently. Meg Chesshyre reviews the status of this and other developments on the Aker technology horizon…
With future subsea applications expected to employ a wider range of optoelectronic technologies, FMC has established a dedicated R&D group that focuses on building and expanding a wide range of integrated sensing solutions. Daniel McStay explains why…
With the increased complexity of today’s subsea production systems giving mooring solutions providers much to think about, Viking Moorings chief executive Wolfgang Wandl discusses how his company is rising to the challenge.The global mooring…
The ocean energy industry is still at a nascent stage, but burgeoning support in a few key markets, diverse resource potential and maturing technology are boosting the industry’s prospects for growth. That’s the verdict of a new IHS emerging energy research market study…
The US lifted the six-month moratorium on deepwater exploration in October, while codifying new rules governing drilling safety and well control. Russell McCulley looks at what the new regulations could mean for oil & gas companies doing business in the Gulf of Mexico…
There were echoes of the UK’s Dragon’s Den and its US reality TV brethren Shark Tank when the great and the good of the private equity world gathered in Aberdeen last month to sample the wares of would-be oil & gas sector high fliers.The occasion…
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