Offshore Activity - page 1192

 

Boom and consolidation to reshape rig industry?

May 01, 2011

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…

Firms & Faces - OE May 2011

May 01, 2011

Greene's Energy Group has opened an operational base in Singapore to serve the company's Asia Pacific region. The 140,000ft2 location includes offices, a warehouse and heavy equipment yard space, and will provide a regional base for all of Greene's business divisions…

Products in action - OE April 2011

Apr 02, 2011

Integrated approachIn the works for some time, Halliburton's Optimized Drilling Performance (ODP) approach is aimed at improving drilling efficiency and saving drilling time. ‘We've evolved this workflow over a few years,' said Jeremy ‘Jez' Greenwood…

A 'bit of Irish luck' in Africa

Apr 01, 2011

Differing perspectives on the African exploration & production scene were offered during IP Week in London last month, with Tullow Oil and Afren describing their respective approaches to the continent and Equatorial Guinea's energy ministry updating the republic's offshore developments to date…

Rig market - April 2011

Apr 01, 2011

Worldwide, the mobile offshore drilling fleet has kept between 500 to 550 rigs under contract over the past two years. Recent overall utilization remains at a two-year low of 68% or 507 rigs working. However, tendering activity has been on the…

Firms & Faces - OE April 2011

Apr 01, 2011

Under a memorandum of understanding with Petrobras, Cameron plans to invest $30 million in R&D facilities at two Brazilian locations. The company's Jacarei plant will add testing capabilities, including a hyperbaric chamber, along with a highpressure…

Treating drilling waste offshore

Apr 01, 2011

Offshore disposal of untreated oil base mud (OBM) cuttings is not permitted anywhere in the world, and in several geographical areas the discharge limit is generally 1% oil on cuttings or less.--Norwegian firm Thermtech claims its TCC technology…

Massive year ahead for North West Shelf

Apr 01, 2011

While the Pluto and Browse LNG projects have dominated recent headlines, operator Woodside has also been busy expanding its North West Shelf infrastructure. Russell McCulley speaks to the company's North West Shelf executive vice president Kevin…

Chevron's four steps to business success

Apr 01, 2011

Chevron chairman and CEO John Watson told the Energy Institute's International Petroleum Week dinner in London last month that fossil fuel is no dinosaur. Meg Chesshyre was there.Far from having reached any peak, the world's estimated base of recoverable oil…

Uruguay, take two

Mar 02, 2011

Ahead of the September launch of its second offshore licensing round, Uruguayan national oil company Ancap opened up a Houston data room in February in hopes of whetting IOC appetites. Jennifer Pallanich paid it an early visit.Uruguay Round II has fair bidding terms according to Santiago Ferro…

Products in action - OE March 2011

Mar 02, 2011

Reservoir isolation rethinkThe newly patented PowerBall from Aberdeen-based Red Spider turns traditional reservoir isolation barrier technology on its head by moving the mechanical parts of the ball mechanism below the closed ball area of the tool…

Firms & Faces - OE March 2011

Mar 02, 2011

Within a fortnight of closing its $3 billion acquisition of compression, flow technology, measurement and distribution infrastructure provider Dresser, GE last month announced plans to lay out another $2.8 billion to secure the well support division of John Wood Group…

Macondo casts a giant shadow

Mar 02, 2011

The Macondo well disaster and its ramifications were never far from the surface during the recent GE Oil & Gas annual meeting in Florence, where business leaders gathered in large numbers to discuss the technological and regulatory challenges…

Power to generate irrational thought

Mar 01, 2011

China constantly shakes many of the world's beliefs, for better or worse, from its economic growth to trade to human rights. There is no doubt that China will become before not too long the world's dominant economic power. It also provides an additional…

Contracting at the crossroads

Feb 02, 2011

A new international offshore contracting giant, with a market cap above $5.5 billion, backlog of $5.3 billion and over 12,000 employees, came into being last month with the combination of Acergy SA and Subsea 7 Inc. Meg Chesshyre looks at the rationale behind this high-profile marriage…

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