There are already numerous international and national rules and guidelines aimed at mitigating the risks of Arctic petroleum operations.
With first oil from Kashagan, new gas developments at Shah Deniz, and moves to improve infrastructure with the opening of a shipyard at Baku in Azerbaijan, the Caspian Sea is moving from promise to fulfillment.
Eurasia Drilling Co. Ltd. (EDC) provides offshore drilling services to Russian and international oil and gas companies in the Russian, Kazakh, and Turkmen sectors of the Caspian.
Despite the occasional setback – political and exploratory – the Black Sea continues to draw interest from international oil companies, including heavy hitters such as ExxonMobil, Total, Shell, and Repsol.
Over the past several years, supermajor BP has built up reserves by acquiring acreage in some of the world's most challenging deepwater basins, including the Gulf of Mexico's ultra-deepwater Paleogene, Egypt's West Nile Delta, and offshore Azerbaijan, where reservoir pressures and temperatures exceed the industry's current technology capacity.
The echoes of Macondo continue to resound throughout the oil and gas business around the world.
The complexity of acquiring, classifying, implementing, and auditing the local labor, equipment, and services content of international companies operating in the offshore sector is nothing new.
Arguably, one of the biggest challenges for many operators is to find new oil reserves in frontier areas or remote, difficult terrains.
The 2013 annual meeting of the Society of Exploration Geophysicists brought with it more than the usual number of technology announcements.
A review of recent and planned geophysical surveys around the world shows some interesting promise for future exploration drilling.
As the industry continues to innovate, moving into ultra-deepwater and other frontier areas, inherent risks will be myriad and diverse.
Deepwater well construction is all about planning and logistics.
While shale gas and unconventional resources technology dominated technical sessions at the 2013 Society of Petroleum Engineers Annual Technical Conference and Exhibition (ATCE) last month, SPE chose to kick off the event with a panel discussion on deepwater challenges, featuring a mix of officials from government, operators, and service providers.
For years, offshore operators have faced the inevitable prospect of well depletion, in both hemispheres and from shallow to deepwater.
Of the many design criteria for floating deepwater offshore production facilities, reducing weight and footprint are among the most important.
The oil and gas industry has long sought a semisubmersible design with low hull motion response suitable for a dry tree application in deepwater.
Recent interest in marginal shallow-water developments has led to a growing demand for cost efficient wellhead platforms which enable increased production capacity within existing field infrastructure.
Fulmar is a large oilfield in the UK central North Sea, originally developed and brought onstream by Shell Expro in the early 1980s, with Talisman Sinopec assuming operatorship two decades later.
The oil and gas industry is known for its constant rate of innovation.
Accurate measurement of oil in water is a critical element of oil and gas operations today because of the increase in produced water as a by-product of production.
One new subsea challenge is the production of distant oil satellite fields into existing facilities.
Discoveries and developments of oil and gas resources in increasingly challenging areas feature ultra-deepwaters, ultra-long step-outs, complex well technologies, and challenging weather conditions.
While the total number of vessels in Offshore's 2013 survey of pipelay vessels is slightly lower than the previous survey in 2011, this does not tell the whole story.
The system division of Italy's Atos has developed a compact jacking system for offshore handling operations on platforms, drilling rigs, and vessels.
Co.L.Mar is developing new applications for its Acoustic Leak Detector (ALD) technology on subsea pipelines.
OpenField Technology has developed a series of miniaturized downhole measuring devices incorporating high-performance sensors.
TDW Offshore Services has unveiled its new Clamp Installation Tool (CIT), a compact system for use in water depths up to 3,000 m (9,843 ft).
The new automated drilling system is engineered for the drilling contractor and operator in mind.
Aquatic Engineering & Construction, an Acteon company, has introduced its 1,500-metric ton carousel (AQCS-01-1500), which Aquatic describes as a powerful, modular drive system representing a significant capability extension for customers requiring installation or replacement of flexibles, umbilicals, power and telecommunication cables, and wire rope products.
TEAM Oil Tools, Inc. has developed the ORIO XL, a ball-activated frac sleeve utilized in multi-stage completions.
Technologies for improving oil recovery (IOR) and enhanced oil recovery (EOR) are gaining momentum as integral elements of new and maturing deepwater projects.
This month, Infield Systems looks at forecast operator capex offshore the Arctic, Black Sea, and Caspian Sea.
Statoil's deepwater Bay du Nord oil discovery in the Flemish Pass basin off Newfoundland & Labrador could hold up to 600 MMbbl recoverable.
Lundin Norway's Gohta discovery in the Barents Sea could hold up to 235 MMboe of oil and gas, based on production test results from the Permo-Carboniferous reservoir.
Gulf of Mexico operators and contractors had a brief scare in early October as tropical storm Karen triggered a hurricane watch and threatened to move through the central part of the Gulf of Mexico, toward coastal Louisiana or Mississippi.
LLOG Exploration Offshore has contracted Technip for the project management, engineering, fabrication, installation, and pre-commissioning of more than 200 km (124 mi) of infield and export flowlines and risers at the deepwater Gulf of Mexico Delta House project.
Noble Corp. has approved a plan to separate its drilling fleet into two business units, effectively creating a new company comprising its standard specification jackups and floaters.
In regards to the recent event in New Orleans, the technical program and exhibition did not disappoint.
Repsol Sinopec Brasil has contracted Fugro to supply geophysical, geotechnical, and metocean services in support of the development offshore Brazil in block BM-C-33.
Considering the asset-intensive nature of fixed and floating offshore platforms and subsea production systems, the need to manage these asset effectively for HSE risk management and productivity reasons, and pending compliance issues, it would be very surprising to learn that asset management professionals in the offshore oil and gas industry are not familiar with asset management standards such as the upcoming ISO 55000 asset management systems standard.
Apache Corp. has appointed Rod Eichler as executive advisor to the chairman and as CEO of Kitimat (LNG and upstream), John Christmann as executive vice president and COO of North America, and Tom Voytovich as executive vice president and COO of International.
With increasing concerns about the impact that exploration and production is having on the environment, the offshore industry must work with the authorities in different regions of the world to develop and implement measures to reduce its footprint.