Archives May 2016

May
2
2016

Exploration downturn poses hard questions for offshore rig fleet

Deepwater exploration faces several difficulties and future projects will increase in complexity. Innovative technological solutions will remain a priority for companies moving into harsh and frontier areas. …read more Source: Oil Gas Journal   

May
2
2016

Statoil operating Gullfaks, Asgard subsea compression systems

Statoil and its partners have brought on stream two different subsea compression systems in Gullfaks and Asgard fields offshore Norway, marking the first deployment of subsea compression technology to extend the life of gas fields and boost recovery rates. …read more Source: Oil Gas Journal   

May
2
2016

Oil, gas issues minimal but polarized in 2016 elections, forum told

Depressed prices have made oil and gas a very minor issue in the 2016 US election campaigns, but candidates’ few references to the industry are so polarized that they reveal unusual and discouraging ignorance, speakers agreed during an Apr. 26 discussion at the Center for Strategic and International Studies. …read more Source: Oil Gas Journal […]

May
2
2016

North Sea decommissioning booms as exploration lags

The North Sea presents an opportunity for companies involved in decommissioning, a segment which could see more than $80 billion of investment through 2040. …read more Source: Oil Gas Journal   

May
2
2016

Multilaterals extend well-life offshore Thailand

Weatherford International Ltd. helped design and install a four-well multilateral (ML) in Bualuang field offshore Thailand, converting existing wellbores into MLs quickly and at low risk. ML technology eliminated the need for new wellheads and additional platform slots, avoiding significant additional drilling costs. …read more Source: Oil Gas Journal   

May
2
2016

Droning on…

At this writing, the news and technology editors at Oil & Gas Journal were yet to hold their annual pre-Offshore Technology Conference staff meeting to discuss a coverage strategy. …read more Source: Oil Gas Journal   

May
2
2016

Six years after Macondo

Apr. 20 was the sixth anniversary of the Macondo deepwater well blowout and oil spill. The Center for Biological Diversity marked the occasion by suing the US Department of the Interior for allegedly failing to meaningfully revise procedures for authorizing offshore oil and gas activity, including outright elimination of categorical exclusions. …read more Source: Oil […]

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