Current projections indicate around £27 billion will be spent on UK offshore decommissioning over the next 40 years, of which £9.2 billion will be spent over this next decade, according to a 2010 Decommissioning Insight brochure presented at the conference by Robert Harris-Deans…
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…
Mexico's Pemex is preparing this month to issue the first incentive-based contracts allowed under the country's 2008 oil reforms. Most observers agree that the reforms didn't go far enough, but will a new president in 2012 pick up the pace? Russell McCulley reports…
OE's analysis of current rig market data is updated monthly using statistics provided by Rigzone.com Worldwide utilization for the mobile offshore drilling fleet has averaged 74% over the last two months. Of late the global utilization rates…
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…
BP put the final nail in the Macondo coffin 19 September with a successful relief well kill, ending a five-month ordeal that began with the deaths of 11 offshore workers and spilled some 5 million barrels of crude into the Gulf of Mexico.Now comes the task of repairing the company’s image…
Mexico just registered its first Clean Development Mechanism with the United Nations under a collaboration between Pemex and Statoil to reduce gas flaring at the onshore Tres Hermanos oil field in Mexico. Statoil said 26 October 2010 the registration…
Cairn Energy has wrapped up its 2010 exploration drilling campaign offshore Greenland and released both the Stena Forth and Stena Don rigs, the company said 26 October 2010.Cairn suspended the Alpha-1S1 exploration well to allow possible re-entry to sidetrack or deepen the well at a later date…
A recent contract renewal for the small UK-based company WGP Group and its partner Thalassa Energy Services is a reminder that the first life of field seismic (LoFS) project on BP's Valhall field offshore Norway has been ongoing since 2003.…
When setting out to reshape itself from a jack-of-all-trades drilling contractor to one with a deepwater future, Pride International realized it had to do more than simply change up its fleet. With deepwater assets tending to feature longer contract cycles than shallow and mid-water rigs…
HYWIND’S HIDDEN ASSETS: Syntactic foam specialist Trelleborg Offshore recently released details of how it employed well-proven offshore oil & gas technology in the subsea buoyancy arrangements for the world’s first wind turbine ‘floater’,…
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…
Conventional solids control methods are inadequate to manage low-gravity solids smaller than 8-10 microns. M-I Swaco’s Rich Cook discusses a new solution, recently successfully employed in West Africa, that helps manage these solids while keeping excess rig space to a minimum…
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