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Guarded optimism greets US leasing plan

May 20, 2010

The oil & gas industry and analysts greeted President Obama’s offshore drilling plan as a step in the right direction. But subsequent events surrounding the Deepwater Horizon disaster (see Heavy losses in Horizon tragedy ) could complicate matters…

Papa Terra makes the most of family ties

May 20, 2010

When the P-61 tension leg wellhead platform (TLWP) begins operations at Petrobras' Papa Terra offshore Brazil in 2013, it will be the new kid on the block in more ways than one. Not only will the deepwater unit be the first TLWP facility off Brazil…

Time under the microscope

May 20, 2010

Non-productive time (NPT) associated with control systems software and hardware integration remains a significant drain on high-spec offshore asset costs, according to a study released last month.The study, by the Athens Group and ModuSpec,…

Rig market

May 20, 2010

OE ’s analysis of current rig market data is updated monthly using statistics provided by Rigzone.comUtilization for the worldwide mobile offshore drilling fleet continues to track in the 74-75% range, about 7% below year ago levels. Global…

Drillers feel the pre-salt pinch

May 20, 2010

With well costs escalating to consume up to half of a project’s funding, operators are seeking ways to trim costs. During IADC’s Deepwater Drilling conference in Rio de Janeiro in March, operators discussed some of their strategies to trim costs…

Deepwater poised for fast recovery

May 20, 2010

Two recently published reports point to a speedy recovery for offshore E&P. The deepwater sector of the oil & gas business should recover quickly from the economic downturn and resume the growth the sector enjoyed before the recession, suggests a new report from Douglas-Westwood…

Will rival gas lines meet part way?

May 20, 2010

Two competing gas transportation projects in southern Europe could be combined to increase the future security of European gas supply, Eni chief executive Paolo Scaroni told CeraWeek attendees in Houston in March. According to Scaroni, combining…

Driving systemic change

May 20, 2010

‘It seems the world is feeling better,’ observed Talisman Energy president and CEO John Manzoni, striking an optimistic note in his keynote speech at the recent IP dinner in London. But, he wondered, is the oil & gas industry ready to drive…

Kinks in the pre-salt supply chain

May 20, 2010

While operating in Brazil’s pre-salt region does require an array of technologies, Petrobras CEO Jose Gabrielli told a Houston lunch that a bigger challenge lies in meeting logistical demands for operating in deep waters offshore. During the Brazil-Texas Chamber of Commerce event in March…

Heavy losses in Horizon tragedy

May 20, 2010

Late in the evening 20 April, an explosion rocked the deck of the Deepwater Horizon and set off a fire that raged for 36 hours before the Transocean semisubmersible plunged to the seafloor 5000ft below. As OE went to press, operator BP and other…

Sizing up the seismic options

May 20, 2010

Operating in the marine seismic environment requires the ability to constantly adapt and chase down the opportunities. Andrew McBarnet describes how fortunes tend to favour the big rather than the brave.It’s business as usual’ has got to be something of a misnomer in commercial life…

Well intervention units in a class of their own

May 20, 2010

Rapid technological and market developments in the offshore industry over the past five years have put pressure on class to develop rules and notations for a new generation of specialised well-intervention offshore vessels. DNV's Alexander Wardwell reports…

X factor drilling in the fast lane

May 20, 2010

In 2007, OGX was but a dream of Brazilian entrepreneur Eike Batista. In the course of three short years, the company secured financing for leases, bid on and won shallow water blocks, secured drilling rigs, hired about 150 staff, tallied six…

Regs threaten recovery warns ExxonMobil boss

May 20, 2010

The shaky economic recovery could be threatened if US energy policies push up prices, ExxonMobil chairman and CEO Rex Tillerson said in Houston last month.‘You can raise taxes, raise royalties – it's going to ultimately increase the cost of energy…

Virginia sale to test Atlantic interest

May 20, 2010

The scheduled 2012 lease sale offshore Virginia will proceed, even without the environmental impact studies necessary to allow oil & gas exploration in place, according to MMS director Liz Burnham.The sale – the first on the US Atlantic OCS…

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