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…
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…
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…
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…
A new world benchmark for hydraulic skidding was established this June in Geoje-Si, South Korea, with the loadout of the 19,400t deck for an Arctic class semisubmersible destined eventually to serve on Russia’s Shtokman gas field. David Morgan reports…
For more than 20 years, the UK’s Civil Aviation Authority has led various initiatives to reduce the risks to helicopters operating to moving platforms in the North Sea. Dr Athena Scaperdas and Dr Paul Gallagher of Atkins describe one such project which looks at helicopter on-deck safety…
Andrew McBarnet suggests that the major marine seismic players are favourites to win in a crowded market.You would never realise it from the current crop of financial results and muted forward-looking statements from CEOs of marine seismic vessel operators…
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…
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…
The pre-salt Tupi field may claim most of the interest when it comes to oil activity offshore Brazil, but plenty is going on along the large country's coastline. In the last two months, Petrobras has brought online two fields, updated its files…
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…
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