A three phase asset management strategy could help counter costs, says ABB’s Will Leonard. In mid-December, the price of oil fell further after the International Energy Agency (IEA) forecast weaker demand in 2015. Brent crude fell to around US$60 a barrel…
Peter Beales discusses the dangers of neglecting software integrity What constitutes an “asset” in the oil and gas industry? The obvious spring to mind: vessels, pipelines, and generators, for example. Few of us, however, would immediately think of invisible assets…
Alan Thorpe recently paid a visit to Singapore’s shipyards. He gives a rundown of some of the current floating production and storage unit conversions underway in Singapore and in Malaysia. The…
Petróleo Brasileiro S.A. – Petrobras confirmed a light oil and gas discovery by at the third extension well in the ultra deepwaters of Sergipe basin’s Farfan area, off Brazil. Farfan map. From Petrobras…
Shell is to start a 30-day public consultation on the decommissioning process of the Brent field in the North Sea, beginning mid-February. Brent field. From Shell. The decommissioning program will begin with the Brent Delta platform…
Voluntary oil production cuts to support oil prices have been ruled out in favor of a brutal process of natural selection to correct the market. The most efficient producers will be left standing as growth slows and companies cut capital budgets and reduce headcounts…
CNOOC began production at its 100% owned and operated Jinzhou 9-3, offshore China. Image from CNOOC. The Jinzhou 9-3 oilfield is located in the North Liaodong Bay in Bohai in 6.5-10…
In this video, Anadarko gives a closer look of its Red Hawk project. Red Hawk was the world's first cell spar and began production in 2004 in 5300 feet of water in Garden Banks Block 877, approximately 210 mi. south of Lafayette…
As a result of recent offshore successes in Mozambique and Tanzania, the entire East Africa margin currently has the attention of the world’s new ventures teams, explorers and gas (LNG) buyers. What might happen next in this new hydrocarbon province…
Ekofisk is an iconic field, but its uniqueness gives operator ConocoPhillips some specific challenges around subsidence. Elaine Maslin reports. The Ekofisk Complex. Photo from ConocoPhillips Norge…
Golder Associates’ Ken Been explains the best approach to geotechnical engineering and pipeline construction when facing scours and pits in the Arctic ice. Fig. 1: Ice scouring. Over the coming decades…
Orderbooks reflect reined-in spending based on conservative near-term oil price estimates. ABS’ James Graf sets out the detail. MODU new construction projects through 4Q/14. Source: ABS. Weak demand…
Over supply of oil, diminishing returns and an increasing rig fleet will challenge rig operators in 2015. Rystad Energy’s Joachim Bjørni and Oddmund Føre look for a ray of light. Graphs from Rystad. Throughout 2014…
President Obama’s fiscal year 2016 budget request for the Bureau of Safety and Environmental Enforcement (BSEE) is US$204.7 million, providing robust support that will enable BSEE to keep pace with industry activity and the technology developments…
Sending electricity to offshore installations from onshore has been proven on the Norwegian Continental Shelf, but cost is a factor. Elaine Maslin reports. Total’s Martin Linge development. Image from Siemens…
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