The digital oilfield has become mainstream and is how business is now conducted. That was the message at the third SPE Intelligent Energy conference convened in The Netherlands this spring with over 1500 attendees including a high proportion of business leaders…
Brazilian operator Petrobras expects to initiate production from a new reservoir to existing facilities in Modules 1 and 2 of its deepwater Marlim Sul field this summer and bring a third module onstream via the P-56 semi early next year. Asset…
Knowledge management is key if the offshore oil and gas industry wishes to remain healthy, survive, and endure upcoming challenges, says Pyrodyne’s Randy Smith. In his opener to this month’s recruitment & training review, he explains why KM…
‘It seems the world is feeling better,’ observed Talisman Energy president and CEO John Manzoni, striking an optimistic note in his keynote speech at the recent IP dinner in London. But, he wondered, is the oil & gas industry ready to drive…
Late in the evening 20 April, an explosion rocked the deck of the Deepwater Horizon and set off a fire that raged for 36 hours before the Transocean semisubmersible plunged to the seafloor 5000ft below. As OE went to press, operator BP and other…
Operating in the marine seismic environment requires the ability to constantly adapt and chase down the opportunities. Andrew McBarnet describes how fortunes tend to favour the big rather than the brave.It’s business as usual’ has got to be something of a misnomer in commercial life…
Water shortages could pose as great a threat to energy security as political instability or terrorism, leading peak oil theorist Matt Simmons told delegates at the Global Marine Renewable Energy Conference in Seattle, Washington, last month…
Improving data integrationLandmark has developed a new integrated, asset-level production operations and optimization workflow solutions program called DecisionSpace for Production. The software is deployed in several deepwater FPSO environments…
Nigeria’s controversial oil reforms, long in the works, appear close to passage. The government hopes to shore up falling production and get a bigger share of oil profits. But IOCs doing business in the Delta are wary, as Russell McCulley reports…
Handling the loadCargotec is to deliver MacGregor offshore and subsea load-handling systems to a deepsea research vessel on order at Mitsubishi Heavy Industries’ Shimonoseki shipyard in Japan.‘This contract highlights Cargotec’s capacity and technological expertise in offshore load-handling…
The oil & gas industry and analysts greeted President Obama’s offshore drilling plan as a step in the right direction. But subsequent events surrounding the Deepwater Horizon disaster (see Heavy losses in Horizon tragedy ) could complicate matters…
When the P-61 tension leg wellhead platform (TLWP) begins operations at Petrobras' Papa Terra offshore Brazil in 2013, it will be the new kid on the block in more ways than one. Not only will the deepwater unit be the first TLWP facility off Brazil…
Non-productive time (NPT) associated with control systems software and hardware integration remains a significant drain on high-spec offshore asset costs, according to a study released last month.The study, by the Athens Group and ModuSpec,…
OE ’s analysis of current rig market data is updated monthly using statistics provided by Rigzone.comUtilization for the worldwide mobile offshore drilling fleet continues to track in the 74-75% range, about 7% below year ago levels. Global…
With well costs escalating to consume up to half of a project’s funding, operators are seeking ways to trim costs. During IADC’s Deepwater Drilling conference in Rio de Janeiro in March, operators discussed some of their strategies to trim costs…
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