Worldwide offshore rig count and utilization rateThe offshore rig market has improved somewhat in September, erasing most of the decline suffered over the last couple months. ...
A recent surge in final investment decisions on offshore oil and gas projects has set the scene for a healthy increase in offshore investments next year, according to analyst ...
Prior to the market downturn, the offshore E&P industry had been slow to adopt new technology. But deployments accelerated as the inclement market conditions dragged on. The good...
Baker Hughes, a GE company, says it has designed the Dynamus extended-life drill bit to withstand challenging drilling environments. The latest generation of the Dynamus bit is...
Petrotechnics has launched Proscient v4.0, which it says is the industry’s first off-the-shelf software platform to fast-track companies’ journeys to digital operations. The company...
Nylacast has introduced the Chock Liner, a new mooring system that is designed to support safe and reliable moorings of all types and purpose through its patented low friction...
Talos Energy successfully deployed and installed a flexible well jumper using Trendsetter Engineering’s TC7 clamp connectors and TEX gaskets to connect the Mt. Providence subsea...
Walther Precision and their US distribution partner, Maxbar Inc., have introduced their 87-G50 large bore ROV connector for subsea use.ÊDesigned for gas lift, scale squeeze, MEG...
Offshore operators face growing pressure to reduce risk in the red zone and to make better use of manpower. One of the biggest risks to people and assets is from vessels Ð including...
Extracting oil reserves from shallow waters in the Gulf of Mexico often requires placing new subsea pipelines to transport the crude oil efficiently and safely at a high pressure...
Perhaps the most valuable asset in an offshore or remote facility is sustainability. Not necessarily in the environmental sense, but in the idea that there is great value in products...
Deepwater pipelines present a unique challenge to pipeline engineers. Such systems are normally laid on the seabed rather than under it (due to the high cost of trenching), and...
Suspending platforms for structural repairs or extended shutdowns could be less costly and labor-intensive by avoiding flushing of individual production systems and associated...
Enhanced oil recovery can extend the producing lives of mature fields by delaying abandonment and maximizing economic recovery. But the UK government’s goal of widespread implementation...
The general state of the deepwater industry is distressed. In 2014, the industry hit the reset button to urgently find ways to bring breakeven costs of deepwater projects more...
For dynamically positioned (DP) vessels in the offshore oil and gas industry, the concept of redundancy is fundamental in reducing the risk of loss of position following equipment...
In response to the hurdles that have so far stalled development of the Lower Tertiary, Frontier Deepwater Appraisal Solutions LLC has designed a simpler, adaptive, and standardized...
Drilling activity is increasing throughout the Norwegian offshore sector, with the more established players committed to multiple well programs over the next few years as they...
In the second part of this series on Gulf of Mexico (GoM) well activity, trends for exploration and development wells are described. From 1947-2017, there were 14,978 exploration...
Equinor has submitted to the Norwegian authorities the partners’ proposals for the Johan Sverdrup field Phase 2 project in the North Sea. Spirit Energy and Hurricane Energy have...
While the oil and gas market has rebounded from the downturn of the past few years, offshore operators remain cautious about advancing major new greenfield projects. Operators...
Since 2015, ExxonMobil and its partners Hess and CNOOC have discovered more than 4 Bboe in the Stabroek block offshore Guyana. Hammerhead, their most recent discovery, has opened...
Consistently higher oil prices and greater cost-efficiency in offshore projects are driving increased demand for offshore drilling rigs through 2020, particularly for deepwater...
Brazil has become one of Equinor’s three core areas globally for offshore exploration and field development, and the company is prepared to spend $15 billion over the next few...
Transocean will acquire Ocean Rig in a cash and stock transaction valued at about $2.7 billion. Maersk Supply Service has completed the tow and installation of the FSO Ailsa at...
While other operators are scaling back their presence in the US Gulf of Mexico, LLOG Exploration Co. is continuing to advance its E&P activities in the deepwater Gulf. LLOG says...
Subsea 7 has contracted Oceaneering International Inc. to supply an umbilical and flying leads for Shell’s deepwater Vito development in the US Gulf of Mexico. 2H Offshore has...
Future E&P activities in the deepwater Gulf of Mexico are rife with opportunities and challenges, in both the US and Mexican portions, according to a new report from Westwood ...