Earlier this year, Douglas-Westwood forecast † the industry will spend $139 billion on subsea hardware 2011-15, a 23% jump on the previous five years, with the deepwater Golden Triangle inevitably dominating the anticipated spend. Despite the trials and tribulations of the past year…
Managed pressure drilling methodologies evolved over the years to address operational and economic problems inherent to conventional circulating systems that are open to the atmosphere. Most recently, the advanced closed-loop technology has swept into deepwater operations to help reduce risk…
Planning and information are key to the successful realization of Petrobras’ ambitious plans to hoist pre-salt production levels from the current 100,000b/d to 1.08 million b/d inside ten years. Jennifer Pallanich listened in as José Formigli…
Rowan Companies is selling all its shares in manufacturing subsidiary LeTourneau Technologies to Joy Global in a $1.1 billion cash deal. Rowan acquired LeTourneau, which built the majority of Rowan's jackup rig fleet, in 1994. Rowan president…
With floating LNG facilities now widely acknowledged to be a key enabler for exploiting stranded gas reserves, Trelleborg Marine Systems' Simon Wilson offers some insights into the new design methodologies needed for integrated berthing and…
When KBR bought out JGC's near 45% stake in MW Kellogg earlier this year making it a wholly-owned subsidiary, the resulting ‘London Operating Centre' – combining major UK bases in Greenford and Leatherhead with over 2600 staff – emerged as KBR's largest entity globally…
In 2010, ShawCor picked up an OTC Spotlight on Technology award for its Thermotite Ultra pipe insulation coating system. That summer, two of the company's divisions, Bredero Shaw and Bredero Shaw FJS, put the technology to use on a reeled pipeline…
Andrew McBarnet reviews some of the history of Norwegian marine seismic ventures to assess the aspirations of the latest entrant into the market.The launch of yet another Norwegian-inspired company dedicated to making its mark on the marine seismic business is so déjà vu…
The US Coast Guard in April released a report on its investigation into BP's Deepwater Horizon disaster, just weeks after DNV delivered the results of its forensic examination of the Macondo blowout preventer. Both will inform the Joint Investigation Team's final report…
Finland's Wärtsilä and Norway's Aker Solutions are combining their respective fields of expertise to develop the ultimate environmentally friendly offshore wind farm installation vessel concept, designed for operating in IMO emission control areas…
In the past decade, the oil & gas industry has been effective in finding new resources, but much less successful in bringing new supplies onstream. That was the verdict of Eni E&P executive vice president Antonio Vella, addressing this year's Offshore Mediterranean Conference in Ravenna…
The UK offshore industry recognised that a key component to achieving a reduction in offshore hazards and incidents was to improve basic safety training for all personnel. OE looks at the e-learning programme designed to achieve that goal and now ready for roll out internationally…
A new report estimates flaring of unused gas wastes about 5% of the world's annual production while emitting 400 million metric tonnes of CO2 per year. GE's Flare Gas Reduction: Recent Global Trends and Policy Considerations report estimates…
Multi-client specialist TGS took the marine seismic business by surprise last month with the purchase of Stingray Geophysical, a UK-based start up company focusing on seismic-based permanent reservoir monitoring (PRM). Andrew McBarnet discusses what prompted the move…
Orders for newbuild floaters and jackups have surged to the highest level in years. But will tight shipyard capacity squeeze some drillers out of the market? Russell McCulley rounds up some opinions on the drilling business circa 2011, including a forecast of greater industry consolidation…