Saipem Wins $700 Mln Worth of Offshore Contracts
Saipem has been awarded contracts for the second phase of the ExxonMobil led Liza development offshore Guyana.These contracts, assigned by Esso Exploration and Production Guyana Limited (EEPGL), an affiliate of ExxonMobil, as the project operator, are in addition to those awarded to Saipem in 2017 for Liza Phase 1.Following engineering and subject to requisite government approvals, project sanction from the joint venture and an authorization to proceed with the next phase…
The Culture Clash Behind GE's Exit from Baker Hughes
When General Electric Co bought oilfield services giant Baker Hughes last July, it created a global industry colossus with $22 billion in annual revenue. GE promised to digitalize oilfields worldwide, marrying its expertise in big data, analytical software and subsea equipment with Baker Hughes' experience in drilling services, chemicals and tools. Less than a year later, GE is bailing out of the deal, the firm announced Tuesday, planning…
Aker Solutions to Supply Umbilicals for Liuhua FPSO
Aker Solutions said it has been contracted to deliver power umbilical systems to China National Offshore Oil Corporation's (CNOOC) Liuhua oil fields in the South China Sea, off Hong Kong.The order, which is said to be worth more than NOK 350 million ($36.6 million), was booked in the third quarter of 2018. The work scope includes more than 35 kilometers of dynamic and static power umbilicals for the Liuhua 16-2, 20-2 and 21-2 fields, linking the subsea development to a new floating production…
Exxon Starts Drilling at Offshore Guyana Projects
Exxon Mobil Corp said it has commenced development drilling in the first of three offshore Guyana projects, which could produce more than 500,000 barrels of oil per day. Development drilling began in May for the first of 17 wells planned for Liza Phase 1, the company said.So far, Exxon Mobil and its co-venturers have discovered more than 3.2 billion oil-equivalent barrels estimated recoverable resources on the 6.6 million acre Stabroek Block.Liam Mallon…
ExxonMobil, Hess Announce Oil Discovery Offshore Guyana
ExxonMobil and the Hess Corporation announced an eighth oil discovery offshore Guyana at the Longtail-1 well, creating the potential for additional resource development in the southeast area of the Stabroek Block. The companies said approximately 78 meters of high-quality, oil-bearing sandstone reservoir was encountered. The well was drilled to 5,504 meters depth in 1,940 meters of water by the Stena Carron drillship on May 25, 2018. The…
Fugro Tallies ROV Services Contracts with Petrobras
Fugro said it has been contracted to provide remotely operated vehicle (ROV) services to support Petróleo Brasileiro S.A. - Petrobras in its exploration and production activities.Two new contracts will see Fugro’s ROV spread working to support drilling related activities, such as towing, mooring, commissioning and decommissioning, and positioning of production and drilling units, as well as installation of subsea equipment in Petrobras oil fields.
TechnipFMC Wins Subsea Contract Offshore China
TechnipFMC said it has been awarded a subsea contract by CNOOC Limited for the Liuhua 16-2, 20-2 and 21-2 Oilfield Joint Development Project in the South China Sea, at water depths ranging from 380 to 430 meters.The contract covers the engineering, procurement and construction (EPC) of subsea equipment, including 26 units of Enhanced Horizontal Christmas Trees (EHXT) as well as wellheads, subsea control systems, manifolds, tie-in systems and intervention workover control systems (IWOCS).
TechnipFMC & the Future of 'Super-profit Oil'
TechnipFMC’s Andersen discusses the way forward now that “super-profit oil” is over. Ann Kristen Andersen heads up oilfield projects as offshore services and equipment supplier TechnipFMC’s managing director for Norway and Russia. She started her job on the first day of February 2017, a month after a merger that changed the company and has already partly changed an industry beginning to ramp up activity with the oil price buoyant at $55 per barrel.
Remote Surveillance for Subsea Equipment Manufacturing
The oil price collapse of 2014 triggered a wave of cost reduction among upstream businesses that saw global oil and gas companies slash capital expenditures by about 40 percent between 2014 and 2016. For DNV GL, the message was clear: everyone in the supply chain must advance cost reduction strategies for the offshore industry to remain competitive. With innovation and cost savings in mind, DNV GL developed a solution for remote surveillance service for subsea equipment manufacturing.
TechnipFMC Wins West White Rose Contract
TechnipFMC has been awarded an Engineering, Procurement, Construction and Installation (EPCI) contract from Husky Energy for the West White Rose Project in Eastern Canada. The contract covers the supply and installation of subsea equipment including tie-in manifolds, flexible flowlines, and control umbilicals, which will connect the recently announced West White Rose Platform to the existing SeaRose FPSO (Floating, Production, Storage and Offloading) vessel.
TechnipFMC Wins Peregrino 2 Contract
TechnipFMC has been awarded by Statoil an Engineering, Procurement, Construction and Installation contract. It covers the execution of the subsea pipeline connection for the new production platform in Peregrino Phase II Project, located in Campos Basin, offshore Brazil. This new fixed platform will be connected by the in-field lines to the existing platform. TechnipFMC will be responsible for the overall execution for engineering, procurement…
New Study Will Examine Hydrate Blockage in Subsea Jumpers
The University of Western Australia (UWA) is leading a joint industry project (JIP), supported by the Industry Technology Facilitator (ITF), to provide industry with a better understanding of the mechanism of hydrate growth and blockages. The 12-month study, entitled ‘Hydrate Deposit Growth in Subsea Jumpers (HyJump)’, currently has the support of industry partners, including Chevron, Total and Woodside, and is welcoming more participants to join the project.
Partners Aim to Revolutionize Subsea Boosting Pumps
Ask an equipment manufacturer for cheap, light and strong, and most will tell you it can’t be done. Fuglesangs Subsea, project manager for the JIP, will tell you otherwise. “We think we’ve cracked the code,” said CEO Alexander Fuglesang. Statoil joins Aker BP, Lundin and National Oilwell Varco in the DEMO2000 JIP. The project aims to bring the Fuglesangs Subsea Omnirise single-phase booster to market by early 2019. “Once we eliminated the single biggest problem with subsea pumps, all the other pieces fell into place,” Fuglesang said.
Subsea Infrastructure: Challenges & Solutions
As offshore oil and gas reserves become ever more difficult and costly to recover, the demand for innovative technology has never been greater. Joe Orrell, managing director at RED Engineering, considers some of the challenges in subsea infrastructure design and the role of fast track engineering solutions. The offshore oil and gas industry, even in times of low prices and abundant supply, is driven by the almost relentless search for new fields to replace those coming towards the end of their natural productive lives.
Neptune Wins Framework Agreement with Repsol Sinopec
Neptune, a provider of specialist engineered solutions and equipment, integrated inspection, repair and maintenance solutions to the energy industries, has won a framework agreement with Repsol Sinopec Resources UK (Repsol Sinopec). The deal will see Neptune supply a range of ad hoc engineering and manufacturing services on behalf of the operator, in addition to the detailed maintenance of all Repsol Sinopec subsea equipment in the UK Continental Shelf (UKCS).
BSEE: Report on Subsea Bolting Technology Released
In an effort to address a recurring problem with faulty connectors in critical safety equipment, the Bureau of Safety and Environmental Enforcement (BSEE) commissioned a National Academy of Engineering study on the matter in September 2016. After 18 months of study, the report entitled “High-Performance Bolting Technology for Offshore Oil and Natural Gas Operations” was published Friday. BSEE sponsored this study to leverage the resources of the National Materials and Manufacturing Board of the National Academies of Sciences…
Sabah Shell's offshore Malaysia contract for TechnipFMC
TechnipFMC has been awarded an Engineering, Procurement, Construction and Installation contract by Sabah Shell Petroleum Company Ltd. This award covers the delivery and installation of subsea equipment including umbilicals, flowlines and the subsea production system for the Gumusut-Kakap Phase 2 Project. Hallvard Hasselknippe, President of TechnipFMC’s Subsea business, commented: “We are extremely honored to have been awarded this project by Sabah Shell Petroleum.
Proserv Secures $5.5 Mln Repsol Contract
Energy services company Proserv has secured a contract worth over $5.5 million (45 million Norwegian Kroner) with Repsol to upgrade and build new subsea production control equipment for the Yme field redevelopment in the Norwegian North Sea. The award scope initially covers the refurbishment and upgrade of the existing subsea control system. Using Proserv’s unique technology and expertise, the life of the existing equipment will be extended significantly beyond its original design life, with no compromise on functionality.
Subsea 7 Makes Hostile Bid for McDermott
Offshore oil services firm Subsea 7 has made an unsolicited offer worth about $2 billion for U.S. rival McDermott, potentially breaking up the U.S. company's agreed deal with onshore engineering firm Chicago Bridge & Iron (CB&I).The deal could make Oslo-listed Subsea 7 the market leader in supplying and installing subsea equipment for oil and gas firms with a combined market share of 24 percent, followed by TechnipFMC with 20 percent and Saipem with 15 percent…
In US Gulf, Robots, Drones Take on Dangerous Offshore Oil Work
At BP's massive Thunder Horse oil platform in the U.S. Gulf of Mexico, a dog-sized robot called Maggie uses magnetic tracks to creep along pipes connecting the giant oil facility to the sea floor. Before MaggHD, dubbed "Maggie" by BP, the dangerous inspection job was reserved for highly paid specialist technicians who did their jobs while rappelling along the platform. The energy industry has turned to robots and drones to cut costs and improve safety in some of the world's tougher working environments.