Worldwide, the mobile offshore drilling fleet has kept between 500 to 550 rigs under contract over the past two years. Recent overall utilization remains at a two-year low of 68% or 507 rigs working. However, tendering activity has been on the…
Production from another of Norway's old-timers, Statfjord A, could potentially shut down as early as 2014 according to operating plans under consideration by operator Statoil. The company recently circulated a consultative document based on that assumption…
The world's largest cargo barge – Heerema's H-851 – announced its arrival on the offshore scene in 1988 when installing the 44,785t jacket for Shell's Bullwinkle platform in a then daunting 412m of water in the Gulf of Mexico. Now, following…
The Macondo well disaster and its ramifications were never far from the surface during the recent GE Oil & Gas annual meeting in Florence, where business leaders gathered in large numbers to discuss the technological and regulatory challenges…
Drilling system vibration was recognized as a potential cause of elevated drilling costs half a century ago. It has been thoroughly studied in the years since, and sound mitigation practices have been published. Shell's Mark Dykstra discusses the state of the art…
Never one to pull his punches, consultant Ian Fitzsimmons applauds the openness of January's National Commission report to President Obama on the Macondo well disaster, but reprimands the UK Health & Safety Executive over its handling of the…
Utilization trends for the worldwide mobile offshore drilling fleet are slightly depressed of late. Overall utilization dipped to an average of 69% last month. Global utilization rates for semis are 78%, below the average for the prior six month period of 82%…
Coring practices and equipment used in the Gulf of Mexico's Lower Tertiary needed to adapt to formation conditions to improve on past recovery success. Petrobras' James Meyer opens OE's drilling & completion technology two-parter with a review…
Ever seen the effect on the seabed of a 300t BOP dropped from a rig? Marin's George Stroud, aka Boris or the 'Deepwater Red Adair', has and he likens it to a carpet tack being driven into the floor with the force of an impact hammer. The subsea…
Ahead of the September launch of its second offshore licensing round, Uruguayan national oil company Ancap opened up a Houston data room in February in hopes of whetting IOC appetites. Jennifer Pallanich paid it an early visit.Uruguay Round II has fair bidding terms according to Santiago Ferro…
Recent events in North Africa provide a stormy backcloth to the Offshore Mediterranean Conference (OMC) in Ravenna 23-25 March, but the region nonetheless remains a highly prospective one for the offshore sector especially with Noble beginning to unlock the treasures of the Levantine Basin…
Turbulent times in the oil & gas sector will be the backdrop for this year's two premier offshore industry events – Houston's annual Offshore Technology Conference in May and Aberdeen's SPE Offshore Europe gathering in September. But that's…
The Marin Subsea asset recovery team was recently called in to recover a blowout preventer and lower marine riser package from 488m of water in Brazil. Within 20 minutes of the initial phone call, the Marin team had made a preliminary assessment…
Within a fortnight of closing its $3 billion acquisition of compression, flow technology, measurement and distribution infrastructure provider Dresser, GE last month announced plans to lay out another $2.8 billion to secure the well support division of John Wood Group…
A week after the long-awaited release of a presidential commission’s report on the Macondo disaster, US Interior secretary Ken Salazar announced the latest moves in the reorganization of the agency that oversees offshore oil & gas activities…
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