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  • Volume 78, Issue 10
  • Volume 78, Issue 10

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    Company News

    Global Data

    Nov. 1, 2018
    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. ...
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    Field Development

    Offshore upturn to continue through 2022

    Oct. 1, 2018
    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 ...
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    Drilling & Completion

    Worldwide offshore rig count and utilization rate

    Oct. 1, 2018
    As has been the case over the last few months, the offshore rig market continues its slow but steady improvement.
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    Subsea

    Slow upturn in prospect for offshore ROVs

    Oct. 1, 2018
    Global use of the available ROV fleet fell to 32% last year, according to Westwood’s World ROV Operations Market Forecast.
    Regional Reports

    Private equity boosting Gulf of Mexico recovery

    Oct. 1, 2018
    A recent surge of private equity-backed interest in Gulf of Mexico deepwater is injecting renewed optimism in the regional outlook.

    More content from Volume 78, Issue 10

    Subsea

    Adoption of new technologies can help keep offshore E&P lean and profitable

    Oct. 1, 2018
    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...
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    Equipment Engineering

    Extended-life drill bit designed for challenging environments

    Oct. 1, 2018
    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...
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    Equipment Engineering

    Software platform facilitates the digitalization process

    Oct. 1, 2018
    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...
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    Equipment Engineering

    Chock Liner mooring technology designed to enhance safety, performance

    Oct. 1, 2018
    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...
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    Equipment Engineering

    Trendsetter connection system facilitates well jumper installation

    Oct. 1, 2018
    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...
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    Equipment Engineering

    New large bore ROV connector introduced for subsea applications

    Oct. 1, 2018
    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...
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    Equipment Engineering

    Real-time data system helps reduce risks posed by third-party vessels

    Oct. 1, 2018
    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...
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    Equipment Engineering

    Software solution provides seabed soil analysis, optimizes pipeline route

    Oct. 1, 2018
    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...
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    Equipment Engineering

    Compressor valve addresses maintenance challenges in remote locations

    Oct. 1, 2018
    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...
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    Field Development

    Probabilistic approach can make deepwater pipeline design more efficient, economical

    Oct. 1, 2018
    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...
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    Field Development

    Platform suspension without flushing proves less costly than full-scale shutdown

    Oct. 1, 2018
    Suspending platforms for structural repairs or extended shutdowns could be less costly and labor-intensive by avoiding flushing of individual production systems and associated...
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    Production

    Distributed control system helps improve uptime on Delta House FPS

    Oct. 1, 2018
    Technology expands visualization into process control operations
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    Field Development

    Technical, economic constraints hinder widespread UK offshore EOR retrofits

    Oct. 1, 2018
    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...
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    Field Development

    Universal field development approach can help advance stalled GoM projects

    Oct. 1, 2018
    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...
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    Vessels

    Proper DP system configuration ensures redundancy concept succeeds

    Oct. 1, 2018
    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...
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    Drilling & Completion

    Multi-purpose drilling and production system aims to address challenges of Lower Tertiary

    Oct. 1, 2018
    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...
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    Drilling & Completion

    Norwegian drillers aiming to capitalize on rig rates, imaging advances

    Oct. 1, 2018
    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...
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    Drilling & Completion

    Deepwater exploration continues to attract attention, investment

    Oct. 1, 2018
    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...
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    Drilling & Completion

    Offshore Europe

    Oct. 1, 2018
    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...
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    Field Development

    New, cost-effective facility designs can help move oil and gas projects forward

    Oct. 1, 2018
    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...
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    Drilling & Completion

    Guyana continues to advance deepwater E&P

    Oct. 1, 2018
    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...
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    Company News

    Drilling & Production

    Oct. 1, 2018
    Consistently higher oil prices and greater cost-efficiency in offshore projects are driving increased demand for offshore drilling rigs through 2020, particularly for deepwater...
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    Drilling & Completion

    Equinor on steep growth path offshore Brazil

    Oct. 1, 2018
    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...
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    Company News

    Vessels, Rigs, & Surface Systems

    Oct. 1, 2018
    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...
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    Field Development

    LLOG continues to advance deepwater E&P projects in US Gulf of Mexico

    Oct. 1, 2018
    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...
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    Subsea

    Subsea Systems

    Oct. 1, 2018
    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...
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    Drilling & Completion

    Geology of deepwater Gulf holds promise, challenge

    Oct. 1, 2018
    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 ...
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    People on the move

    Business Briefs

    Sept. 1, 2018
    The latest personnel changes and company news for the offshore oil and gas industry.