Tuesday, December 18, 2018

Offshore Engineer Insight


Building Bridges of Trust for Oil Spill Response

Dec 14, 2018

An oil spill response workshop in Houma, La., earlier this month was the first of five such information gathering sessions the Sea Grant Oil Spill Science Outreach Program has planned in coastal areas. The year-long project, which began in July, is part of a collaboration with the Gulf Research Program of the National Academies of Sciences, Engineering and Medicine, the Gulf of Mexico Research Initiative…

Tech, New Finance Model Trimming Drill Risk

3 hours ago

A 78-percent refund on exploration aside, drilling is now so “cheap” in Norway, that the drill bit has become the preferred method for newcomer oil companies to get astride some production — quickly.That’s the verdict of Aker BP’s new head of exploration…

Total Ramps Up Mauritania Offshore Assets

Dec 13, 2018

French supermajor Total SA has been awarded two new blocks covering 14,175 square kilometers, offshore Mauritania by the natural resource-rich country's Ministry of Petroleum, Energy and Mines hence boosting the integrated oil and gas company's…

​​​​Crude Inventory Drops Again, Brent Stays Around $60

Dec 12, 2018

U.S. crude inventory declined again last week, reducing fear of a repeat 2014/16 oil glut occurring. The latest weekly survey by the U.S. Energy Information Administration (EIA) indicates a small inventory fall of 1.2 million barrels in the week ended December 7…

Mongstad Leak Suggests Corrosion, Inspection Need More Cash

Dec 11, 2018

If your outfit is all about leak detection, then you might want to call Norwegian energy company Equinor.The Stavanger-based outfit faces a reported 650,000 manhours and a $60-million bill this year and next for corrective work on pipes and valves at its 40-year-old Mongstad refinery alone…

Improper Procedure Led to Platform Fire

Dec 07, 2018

A November 2017 explosion on an offshore production platform, a July 2018 platform diesel generator fire, and an August 2018 leak of 70 gallons of emulsion breaker into the Gulf of Mexico were the focus of a spate of safety bulletins and alerts…

Crude Inventory Growth Reverses

Dec 07, 2018

U.S. crude inventory declined last week. The latest weekly survey results by the U.S. Energy Information Administration (EIA) indicate a fall of 7.3 million barrels in the week ended November 30. This follows a 10-week streak of crude inventory…

Cote d'Ivoire Deepwater Development Moves Forward

Dec 06, 2018

Independent crude oil and natural gas producer Canadian Natural Resources (CNR) and its joint venture partner in Cote d'Ivoire, Svenska Petroleum, plan to commence the fourth phase of the development of the deepwater Espoir asset in 2019, on…

Petrus: Brazil's Local IMR Specialists

Dec 05, 2018

Specialized offshore services provider Petrus Group was founded in Macaé, on the North Coast of Rio de Janeiro, the acknowledged oil capital of Brazil in 2009, during the oil boom caused by the early pre-salt discoveries. The company has since grown steadily in Brazil…

Norway Spending Surges

Dec 04, 2018

New North Sea, Baltic Sea pipeline adds to Norway’s $20.5 billion 2019 spendNorway — that most capital-intensive of oil provinces — will see investments offshore increase by $2.34 billion in 2019, after a year that saw seven oilfield projects…

Baker Hughes Rolls Out Subsea Connect

Nov 30, 2018

New lightweight, modular subsea technologies could reduce not just lead times for equipment delivery but lower the total cost of ownership for the full life of the field.Baker Hughes, a GE company, revealed its thinking on subsea developments during the launch event in Houston earlier this week…

Tullow Acquires 35% Stake in Comoros PSC

Nov 29, 2018

The wheels of discovering and exploiting hydrocarbon resources offshore the Union of the Comoros, off Africa's east coast, may have been moving albeit slowly since 2008 when the government first invited bids for exploration of oil and gas in the Indian Ocean's volcanic archipelago…

High Hopes for Campos Basin

Nov 28, 2018

Although much of the hype surrounding the Brazilian oil and gas market is directed toward the Santos Basin pre-salt, recent and older pre-salt discoveries in existing areas and on recently-awarded blocks within Campos Basin offer significant…

DNO Offer for Steady Faroe About Stable North Sea

Nov 27, 2018

Shares in Faroe Petroleum skyrocket 25 percent, as DNO’s takeover bid targets company that engineered low breakeven price.Oil prices might have fallen 30 percent since September’s highs, but there’s still great business to be had for Norway-based North Sea asset player DNO…

Fieldwood Optimistic About Gulf of Mexico

Nov 23, 2018

Just a few short years ago, few had heard of Fieldwood Energy. In five short years, the privately-held company purchased properties and assets when Apache, SandRidge and Noble Energy exited the area.Now, Fieldwood says it is the largest leaseholder in the Gulf of Mexico…

Current News

Saipem Nearing Deal for Russian LNG Work

Saipem Nearing Deal for Russian LNG Work

Rowan Scores Guyana Contract

CNOOC Plans Exploration Spending Boost

CNOOC Plans Exploration Spending Boost

DNO Buys More Faroe Shares

DNO Buys More Faroe Shares

Tech, New Finance Model Trimming Drill Risk

Tech, New Finance Model Trimming Drill Risk

Indonesia Approves Eni’s Merakes Project

Indonesia Approves Eni’s Merakes Project

Triton Knoll Announces Decommissioning

Triton Knoll Announces Decommissioning

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