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…
Aberdeen-based deepwater buoyancy, insulation and elastomer product specialist Balmoral Offshore Engineering introduced two additions to its drill riser buoyancy portfolio. The new syntactic foams, Durafloat Superlite and Durafloat Superlite-X…
GE Oil & Gas introduced its next-generation technology for shearing and sealing wellbore tubulars at OTC 2012. The new Blind Shear Ram, designed for use in GE’s 183/4in ram BOPs, is claimed capable of both shearing and sealing after cutting 65/8in tool joints…
FMC Technologies, flying high on two OTC ‘spotlights on technology’ this year for its advancements in the subsea separation arena, discussed the two projects – Marlim and Pazflor – that earned this recognition.The subsea oil-water separation…
OE's latest review of deepwater subsea tieback projects ongoing in the Gulf of Mexico shows the region is still suffering from the after-effects of the drilling moratorium that followed in the April 2010 Macondo disaster's wake. Jennifer Pallanich…
A mechanical issue detected early last year with the production riser system on Anadarko’s Caesar/Tonga development in the deepwater Gulf of Mexico had the potential to substantially delay production from this 10-mile subsea tieback to the Constitution spar…
With the basin-opening Jubilee field and other oil and natural gas condensate discoveries, Kosmos Energy and its partners have placed Ghana on the deepwater oil & gas map. The company is now franchising its exploration strategy and aims to open…
Technology is a key enabler for Shell, Matthias Bichsel, director of the supermajor’s Projects & Technology business, told a two-day briefing at the Rijswijk technology centre in The Hague this spring. Meg Chesshyre joined the tour of the company’s iScope…
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