With a major service point for the deepwater Gulf of Mexico in Port Fourchon, Louisiana among all US states has the most at stake in the federal government's six-month deepwater drilling moratorium. The effects so far haven't been as bad as some feared…
One or two recent asides from major seismic contractor bosses implies that they expect that the global seismic fleet to move closer to some kind of equilibrium next year where the supply of vessels is no longer so out of kilter with the demand for survey work…
In a ‘brutally costcompetitive environment,' KBR has been looking at multiple ways to provide its services at an increasingly lower cost, said KBR chairman, president and CEO William P ‘Bill' Lutt during the 2010 Rice Global E&C Forum.Lutt told…
All dressed up and nowhere to go is never a good feeling. But that's exactly what has just happened to − of all companies − TGSNopec. The acknowledged maestro of the multiclient seismic survey business last month put out a terse statement that…
Schlumberger wrapped up its $11 billion purchase of Smith International at the end of August. Andrew Gould, chairman and CEO of Schlumberger, commented: ‘We are ready to begin the process of realizing the synergies made possible by this merger…
Another drilling contractor, Seadrill, recently put to the test DNV’s new standard for managing integrated software dependent systems. Wendy Laursen assesses the system’s scope for reducing software-related downtime on drilling units.There are…
The effect of the continuing credit crunch last summer meant that North Sea field development activity was down last year, but the steadying of the price this spring has led to projects being dusted off in both the UK and the Norwegian sectors…
The risks associated with placing complex open hole completions across the reservoir are increasing. Deep Casing Tools’ Mark Presslie explains why and describes how a new tool assists the first-time placement of liners or completions.--Over the past two decades…
Fracturing fluid additivesRelease of the new OpenFrac family of hydraulic fracturing fluid additive systems was announced by Schlumberger last month. The additive systems can be used for fracturing-stimulation treatments, including applications in challenging…
BP in late August was in the final stages of permanently plugging the deepwater Gulf of Mexico Macondo exploration well, which spilled nearly 5 million barrels of oil between the 20 April blowout that destroyed the Deepwater Horizon rig and mid-July…
OE ’s analysis of current rig market data is updated monthly using statistics provided by Rigzone.comWorldwide utilization for the mobile offshore drilling fleet continues to hover in the 74-76% range. The recent softness seen in utilization…
Shell's solution for dealing with the heavy oil at the low-energy BC-10 concession offshore Brazil – caisson separator electrical submersible pumps - is working ‘outstandingly' well according to the field's project manager. Jennifer Pallanich…
On the heels of strong 2Q earnings, including a revenue boost of 11% from international markets, Halliburton executive Tim Probert talks to OE about oilfield technology trends, the Deepwater Horizon disaster and how ‘Big Red' is positioning itself as a truly international company…
Finally, some sanity has surfaced in Europe on the subject of climate change and it is from a real scientific heavyweight to boot. Rarely have I found a book* so elegantly simple and yet compelling. Christian Gerondeau, a very well known French scientist and engineer…
The six-month US moratorium on deepwater drilling following the Deepwater Horizon tragedy, along with tougher regulations and higher liability costs likely to follow, could put the squeeze on independent operators in the Gulf of Mexico. Russell McCulley talks to one company that's pushing back…
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