As a number of Caribbean nations set sights on developing potential deepwater reserves, concerns have surfaced about the region’s ability to respond to a Macondo-style subsea leak. The topic is especially prominent in a swath of sea where tourists…
Oil seeps at Chevron’s Frade field nearly a year ago have led Brazilian regulator ANP to assess millions in fines against Chevron and ultimately halted output at the troubled Campos Basin field. In November 2011, Chevron P&A’d an appraisal well…
Brazil’s oil & gas potential continues to grab the industry headlines, with Petrobras confirming more than a score of offshore discoveries, most of them deepwater, in the last 18 months alone. Newcomer OGX confirmed a number of discoveries too…
The 2012 release of the deepwater knowledge base, ReservoirKB, has been announced by global energy consulting firm Knowledge Reservoir. Hailed as ‘the most comprehensive knowledge base for exploration and appraisal geoscientists and engineers in the deepwater Gulf of Mexico region’…
The worldwide mobile offshore drilling fleet has seen modest but steady increases in utilization since the beginning of the year. Currently, worldwide utilization stands at 78% whereas at the start of the year it was hovering around 73%.Recently…
Purpose-built to match the evolving needs of deepwater subsea developments, the Seven Borealis promises to set a new benchmark in the subsea world. Terry Knott was invited to visit the vessel as it neared completion in the Netherlands.When Subsea…
Statoil and its partner Sinochem have agreed to purchase the Peregrino FPSO from A.P. Moller-Maersk Group. The floating production, storage and offloading unit has been in use at the Statoil-operated Peregrino field in Brazil since production start-up in 2011…
Oil & gas companies will spend roughly $135 billion on subsea hardware between 2012 and 2016, an increase of 14% over the preceding five-year period, according to a new report from Douglas-Westwood.Spending took a hit in 2010 and 2011 as the…
High demand for goods and services helped push up building and operating costs for upstream oil & gas facilities over the six-month period covering 3Q 2011 to 1Q 2012, according to two IHS cost indexes. The IHS Upstream Capital Cost index rose 2…
With the recent completion in Johor, Malaysia, of the first phase of its new $100 million wire rope manufacturing plant, Kiswire believes it is now well placed to deal with the greater demands made of such products as the offshore industry moves into ever-deeper waters…
Statoil may not have the biggest R&D budget, but company officials say the operator's technological track record on the Norwegian continental shelf will help it push recovery rates to new highs and create the first subsea factory, including seafloor separation…
At a recent Bergen conference showcasing the strength in depth of Norway's subsea industry, Statoil EVP Øystein Michelsen challenged delegates to work with his company in developing the technology to go further, deeper and colder and seize the…
Tenaris and Simas have signed a strategic agreement to supply state-of-the-art hot induction bends to the offshore industry. Through alliances with key vendors – such as the recent agreement signed with CRC Evans – Tenaris is looking to offer a one-stop-shop solution…
Maintaining a flowline that will operate smoothly following a shutdown means addressing a host of flow assurance challenges. The industry has typically approached the flow assurance question through chemical and mechanical means. Jennifer Pallanich…
Subsea thermal insulation has an important role to play in ensuring the smooth running of offshore facilities as the industry moves into deeper waters and fluids get warmer. Trelleborg Offshore's Grethe Hartviksen argues that innovative synthetic…
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