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  • Volume 79, Issue 6

    • Volume 79, Issue 6

    1907 Of Fdelo Z01 Original
    Regional Reports

    Lessons from the downturn: adjusting to the new reality

    July 1, 2019
    Duane Dickson, Andrew Slaughter, Anshu Mittal, DeloitteThe past five years of low and volatile oil prices have shaken the entire oil and gas industry. From corporate strategies...
    The FPSO Pioneiro de Libra is still producing oil under an extended test on the Mero field in the deepwater Libra block in the Santos basin. (Courtesy Teekay)
    Deepwater

    Brazil opening up presalt, gas production to outsiders

    July 1, 2019
    Brazil is driving full steam ahead with reforms of its hydrocarbons sector. Latest proposals include scaling back on local content demands, liberalizing the gas market, and pushing...
    The semisubmersible crane vessel Sleipnir is named after the Norse God Odin’s eight-legged stallion.
    Vessels

    Vessels, Rigs & Surface Systems

    July 1, 2019
    World’s largest semisub crane vessel nearing deliverySembcorp Marine has completed the semisubmersible crane vessel Sleipnir for Heerema Marine Contractors (HMC). Named after ...
    1907 Of Fdeep Z01
    Regional Reports

    E&P growth opportunities abound in deepwater Americas

    July 1, 2019
    Erik Oswald, VP Americas, ExxonMobil ExplorationCindy Yeilding, Senior VP, BP AmericasCarlos Portela, President, Ecopetrol AmericaTim Duncan, CEO, Talos EnergyLiz Schwarze, VP...
    Halliburton has added the Stim Star Mexico to its well stimulation vessel fleet. (Courtesy Halliburton)
    Vessels

    Stim vessel survey reflects changing market conditions

    July 1, 2019
    Staff Report Offshore’s 2019 World Survey of Stimulation Vessels reflects a market that continues to change, with a number of notable additions and subtractions to the global ...

    More content from Volume 79, Issue 6

    Pipelines

    Nord Stream 2 – implications of the EU gas directive amendment

    July 1, 2019
    Zoya Burbeza, Zaiwalla & Co. EU directives are legal acts which require member states to achieve a particular result, but without dictating the means of achieving it. Their purpose...
    The Pseudo Dry Gas liquid removal system is said to eliminate the need for topsides and compression. (Courtesy INTECSEA)
    Subsea

    Subsea Systems

    July 1, 2019
    Anadarko lets subsea contracts for Mozambique LNG projectAfter taking the final investment decision for the Mozambique LNG project in late June, Anadarko Petroleum Corp. awarded...
    1907 Off 08 2
    Pipelines

    Demand increasing for exotic alloys in piping

    July 1, 2019
    Current demand for corrosion resistant alloys for oil and gas production is unprecedented, according to Matt Loffman, associate director, Rigs & Wells, Westwood. Demand for special...
    1907 Off 08
    Vessels

    Worldwide offshore rig count and utilization rate

    July 1, 2019
    The offshore drilling market experienced a slight improvement in April, although only by a small margin. The total number of jackups, semis, and drillships under contract grew...
    (Map courtesy Equinor)
    Equinor acquired seven blocks in Argentina’s first offshore license round.
    Regional Reports

    Industry revs up interest in offshore Argentina

    July 1, 2019
    Jessica Stump, Assistant Editor In its first offshore licensing round in more than 20 years, Argentina attracted all the majors except for Chevron. The round, held in Buenos Aires...
    1907 Off 08 1
    Pipelines

    Into unchartered waters

    July 1, 2019
    The Asia/Pacific region is set to see higher licensing activity in 2019 compared to the last several years, driven by stability in oil prices and more attractive fiscal terms...
    (All images courtesy Enpro Subsea)
    The 10ksi subsea safety module on deck, pre-deployment.
    Subsea

    Hydraulic intervention system helps maximize recovery from subsea wells

    July 1, 2019
    Ryan Sangster, Ian Donald, Chris McLaren, Enpro SubseaThe need for subsea well intervention services is expected to accelerate in the coming years as demand for energy continues...
    (All images courtesy CUPET)
    Blocks offered under Cuba’s 1st offshore licensing round.
    Geosciences

    Cuba pushing exploration to deeper water frontier plays

    July 1, 2019
    Cuba is looking to attract new foreign investors to explore and develop its offshore sector. State oil company CUPET launched the country’s 1st License Round at a roadshow in ...
    The LLOG-Repsol participation agreement is expected to help advance development of the Buckskin project in the deepwater Gulf. (Courtesy LLOG)
    Drilling & Completion

    M&A provides path forward

    July 1, 2019
    Mergers and acquisitions, as well as joint ventures and partnerships, are providing a path forward to drilling and field development in the US Gulf of Mexico. As larger operators...
    The TetraSpar floating offshore wind turbine platform concept (Courtesy Stiesdal Offshore Technologies)
    Field Development

    Offshore Wind Energy

    July 1, 2019
    Floating platforms represent future of offshore wind systemsFloating platform technologies will become increasingly important as global energy markets turn to offshore wind systems...
    Natural gas options from Mexico’s new offshore reserves
    Regional Reports

    Lack of access to midstream infrastructure poses challenge to Mexico’s deepwater development

    July 1, 2019
    George Baker, Consultant A panel held at the recent Offshore Technology Conference in Houston addressed the challenges facing Mexico’s midstream infrastructure, particularly with...
    The Jeanne d’Arc High Density 3D multi-client survey will cover about 5,000 sq km offshore Newfoundland. (Courtesy TGS and PGS)
    Geosciences

    Geoscience

    July 1, 2019
    3D multi-client survey under way over the Jeanne d’Arc basinTGS and PGS have committed to the Jeanne d’Arc High Density 3D (HD3D) multi-client survey offshore Newfoundland. The...
    (Courtesy OCS Group)
    Stacked jackup rigs awaiting industry activity to increase.
    Vessels

    Reactivating rigs from Chinese shipyards brings opportunities, challenges

    July 1, 2019
    Mark Tranfield, OCS GroupFrom 2008 to 2014, Chinese shipyards thought they had conquered the rig building industry by giving free finance with 5% down payment and nothing more...
    Field Development

    E&P gaining momentum in the Americas

    July 1, 2019
    The traditional offshore producing nations in the Americas are seeing increasing levels of exploration and production activity, while others are introducing lease rounds and ...
    (Courtesy Schlumberger)
    IriSphere uses electromagnetic-based resistivity measurements more than 100 ft (30 m) ahead of the drill bit.
    Business Briefs

    Industry showcases latest technologies, products at OTC 2019

    July 1, 2019
    Jessica Stump, Assistant EditorMore than 59,200 attendees from 100 countries gathered at the recent Offshore Technology Conference in Houston. This year marked the event’s 50th...
    The ultra-deepwater drillship Deepwater Asgard is working on behalf of Murphy Oil in the Gulf of Mexico.
    Regional Reports

    US Gulf E&P driven by new, mid-sized players

    July 1, 2019
    A new market has emerged in the Gulf of Mexico: One that is smaller than before the downturn, and driven by new and emerging players. Since 2014, a number of larger operators ...
    Rendering of NOV’s 20K BOP stack. (Courtesy NOV)
    Drilling & Completion

    Drilling & Production

    July 1, 2019
    NOV sells two 20K BOP stacks to TransoceanNational Oilwell Varco Inc. has sold two 20,000-psi (20K) BOP stacks to Transocean. This, the company said, makes it the first oilfield...
    Rig830
    Vessels

    Rig construction market continues to languish

    July 1, 2019
    Justin Smith, IHS Markit While offshore E&P activity is picking up in some regions, the offshore rig construction market continues to struggle. At the moment, a total of 101 rigs...
    The Pioneering Spirit lifting the Brent B platform topsides. (Courtesy Allseas)
    Field Development

    Offshore Europe

    July 1, 2019
    Pioneering Spirit in heavy-lift modeAllseas’ Pioneering Spirit proved its ability to lift all topsides great and small over five days in the North Sea last month. The program ...