Chevron News

(Photo: Airborne Oil & Gas)

Aker Solutions Buys Stake in Airborne

Airborne Oil & Gas announced Friday that Aker Solutions has joined its shareholder base to further strengthen, integrate and diversify its range of thermoplastic composite pipe (TCP) solutions for the international subsea sector.The global engineering company joins other shareholders Chevron Technology Ventures, Evonik Venture Capital, Saudi Aramco Energy Ventures, Shell Ventures, Subsea 7, Sumitomo Corporation and the private equity investor, HPE Growth Capital.Oliver Kassam, Airborne Oil & Gas CEO said,  “We have a very strong portfolio of organizations invested in the business

(Image: Aker Solutions)

Chevron to Use Subsea Compression at Jansz-Io

Aker Solutions announced Tuesday it has been awarded a master contract to support the delivery of a subsea compression system for the Chevron Australia-operated Jansz-Io field offshore Australia, marking the first time the technology will be used outside of Norway.Compression helps to maintain plateau gas production rates as reservoir pressure drops over time, but such compressors have typically been installed on platforms over sea level. Placing this equipment on the seabed and near the wellheads improves recovery rates and reduces capital and operating costs, Aker Solutions said.The first

Subsea Innovation Emergency Pipeline Repair Systems (EPRS) used to prolong and protect operational life and production efficiency of subsea oil and gas pipelines. (Photo: Subsea Innovation)

Subsea Innovation Achieves DNV GL Type Approval

(ROV) automated, utilizing Subsea Innovations in-house designed hydraulic reversible bolt tensioners, which allows for installation and operational in deep water down to 1,350m. The company said it is currently developing systems for even deeper water, with a client list including Subsea7, RasGas, Chevron and Impex.Subsea Innovation has also provided fast turn-around clamps in under 10 weeks, but still designed in accordance with the type approval, including all the benefits of the SI duel seal single circuit technology.Thompson continued, “Our modular approach to the design is also unique

Sistac  Diver ready for action. Photo Sistac

SISTAC: Brazil´s Homegrown Subsea Service Provider

operations on Modec’s MV-26 FPSO. It is a relevant contract, with a duration of approximately 30 days, and it meant winning over important competitors who had current contracts with Modec. Sistac has a long history of diving and ROV operations with Petrobras and also significant operations with Chevron. “We have five pillars that are the basis of the company and will guide all our actions in the next years. They are: security, commercial courage, efficiency, financial solidity and professionalism. To provide engineering solutions in inspection, and subsea maintenance and repair in the offshore

Gulf of Mexico Sea-surface altitude indicating surface current speed (Image: Louisiana State University / NOAA)

New Research on Gulf of Mexico Loop Current

,946Project Director: Ruoying He (North Carolina State University)Project Team Affiliation: North Carolina State University in cooperation with Centro de Investigación Científica y de Educación Superior de Ensenada (Center for Scientific Research and Higher Education at Ensenada), Chevron, Florida State University, Massachusetts Institute of Technology, Scripps Institution of Oceanography, and University of California – Santa CruzPassive Gulf of Mexico Loop Current Observations from HF Radar Across the Yucatan StraitThis project will procure, install, and operate high frequency

Chevron’s Fast Intervention Tool for subsea pipeline decommissioning (Image: Webtool)

New Subsea Pipeline Decommissioning Tool

Hydraulic subsea tools specialist Webtool said it is developing a Fast Intervention Tool for subsea pipeline decommissioning in conjunction with Chevron Energy Technology Company. The tool will crimp, seal, and cut the pipe reducing the potential for contamination of the marine environment, potentially removing the requirement for a containment dome during pipeline cutting, and minimizing diver intervention.The Fast Intervention Tool (FIT) is a modular design which combines lifting, crimping, injection and cutting in a single lifting and deployment frame which also contains the hydraulic control system.

(Image: Total)

Total Makes Major Offshore UK Gas Discovery

2018 with just five exploration wells spudded to date – on track for lowest levels of activity since the 1960s. So this discovery is welcome news," Swann said in a statement.He said that although the West of Shetland region was under-explored, it was core for oil majors BP, Shell , Total and Chevron, and large development projects were expected to boost production from it through to the mid-2020s.Total has a 60 percent stake in Glendronach, while Ineos E&P UK Ltd and SSE E&P UK Limited each hold 20 percent stakes.Total shares were up 0.9 percent by 1418 GMT.(Reporting by Sudip Kar-Gupta

Image courtesy of 2H Offshore

2H Offshore Expands STREAM JIP

2H Offshore, a riser and conductor specialist in subsea services group Acteon, has completed the first phase of the STREAM (STeel Riser Enhanced Analytics using Measurements) joint industry project (JIP) and has expanded the work into a second phase.The JIP’s participants include Anadarko, Chevron, ExxonMobil and Shell. In this collaborative effort, field data from four deepwater steel catenary risers (SCR) and one lazy-wave riser were used to provide a measurement-based foundation for riser modelling.The data analysis revealed a wealth of information on riser-wave-induced, vortex-induced

© Eugenio Roqueñi / MarineTraffic.com

Transocean to Buy Ocean Rig in $2.7 Bln Deal

year acquired Norwegian rig firm Songa Offshore in a $1.1 billion deal."We see strong contract opportunities emerging across the globe for the combined fleet (particularly in Brazil)," analysts at Tudor Pickering & Holt Co wrote in a note on Tuesday.Majors, including Norway's Equinor, Chevron Corp and BP, won bids for offshore blocks in Brazil, which hold billions of barrels of oil.Elsewhere, Exxon Mobil Corp said last month it had begun offshore exploration drilling off Australia's southeast coast, while also pursuing finds at its offshore Guyana discovery."The announcement

(Photo: NOAA)

Shipping Companies Recognized for Efforts to Save Whales

program: Mediterranean Shipping Company; Yang Ming Marine Transport Corp.; Polar Tankers Inc.; Celebrity Cruises Inc.; Hamburg Sud; ExxonMobil Corp.; Evergreen Marine Corp.; CSL Americas; Mitsui OSK Lines Ltd.; Kawasaki Kisen Kaisha Ltd.; OSG Ship Management Inc.; Tesoro Far East Maritime Company.; Chevron Shipping Company LLC.Awards were presented by William Douros, Western Regional Director of the Office of the National Marine Sanctuaries; Greater Farallones Superintendent Maria Brown; and Dan Howard from Cordell Bank National Marine Sanctuary.NOAA’s Cordell Bank National Marine Sanctuary

(File photo: Shell)

Gulf of Mexico Lease Sale to Test Response to Trump-era Regulations

, it is off the table," said Imran Khan, senior manager at consultants Wood Mackenzie. The clearer royalty rules may draw companies that held off in March, said Khan and Turner.The auction is likely to draw the largest and smallest Gulf of Mexico participants: companies such Royal Dutch Shell and Chevron Corp on one end, and LLOG, Kosmos Energy and Fieldwood Energy on the other, they said."If you're a company like Chevron or Exxon who plays in multiple basins, you have to make sure it is competitive with other basins globally," said Bob Fryklund, chief upstream strategist at IHS Markit

Photo: Transocean

Transocean Signs 11 Well Contract with Chevron Australia

The international provider of offshore contract drilling services for oil and gas wells Transocean announced that the ultra-deepwater semisubmersible GSF Development Driller I was awarded an 11-well contract (approximately 955 days) commencing offshore Australia in the first half of 2019 with Chevron Australia.The estimated firm contract backlog, excluding integrated services, is approximately USD 158 million. Additionally, the contract includes four one-well options.Two days ago, Transocean announced that the midwater semisubmersible Transocean 712 was awarded a 13-well contract (approximately

(Image: ABB)

Powering the Seafloor: Put a Socket in It

mid-2019. ABB is putting the components in oil-filled containers and using natural convection for cooling.Siemens, was planning a full system test in 2017. Siemens is mostly putting its components in oil-filled containers too. Siemens Subsea is working on a subsea power grid JIP with Statoil, alongside Chevron, ExxonMobil, Petrobras and, since last year, ENI.Siemens is also advocating an infield low voltage distribution system called DigiGrid, which incorporates fiber optic communications.All-electricIn tandem with the development of the subsea power grid, moves toward all-electric equipment are being

© Mike Mareen / Adobe Stock

Record-size US Offshore Oil Lease Sale Draws Modest Bidding

;re seeing continued consistent investment in the Gulf of Mexico," BOEM spokesman Mike Celata said in a conference call with reporters, adding he forecast increasing oil and gas production from the region for years.   He said 33 companies, including majors Royal Dutch Shell Plc , BP Plc, Chevron Corp, and Total SA , had placed 159 bids on 148 blocks.   But critics of the administration called the unusually large lease sale ill-timed. U.S. crude oil and natural gas output is already smashing records thanks to improved drilling technology that has opened up cheaper onshore reservoirs

© Georg Lehnerer / Adobe Stock

US States Slow Trump Offshore Oil Drilling Expansion Plan

, at its Sake project, in a formation off the coast of Alabama.   Proposed new lease areas along the U.S. Atlantic coast would require seismic mapping and development of infrastructure that would take time. "I can't put a fine point on whether we would pursue it," Pastor said.   Chevron Corp, which disclosed a large Gulf of Mexico oil discovery in existing lease areas earlier this year, said new areas will have to stack up against existing projects.   They "will have to compete with the other drilling we have in the world," said Robert Ryan, Chevron's vice president

© xmentoys / Adobe Stock

As US Opens Up Offshore Waters, Eastern GoM Beckons

producers such as Exxon Mobil Corp, BP Plc, Anadarko Petroleum Corp and ConocoPhillips declined to comment. Shell welcomed the expanded offshore prospects the Trump administration plans to make available, but has not committed to any new activity, said spokesman Curtis Smith. A Chevron spokeswoman, Veronica Flores-Paniagua, said the company is happy with Trump's move and wants to continue to explore parts of Gulf, and also to better understand the geology of the Atlantic Seaboard.      WEAK AUCTIONS     Other regions offered in the proposed

Photo: ExxonMobil Canada

ExxonMobil's Canada Offshore Project Produces First Oil

over $100 a barrel to as low as $26.   The platform holds living quarters, drilling and production facilities and storage capacity for 1.2 million barrels of oil.   It is operated by Exxon's ExxonMobil Canada Properties, which holds a 35.5 percent stake. Other joint venture partners are Chevron Canada Ltd, Suncor Energy, Statoil ASA and Nalcor Energy, the Newfoundland and Labrador provincial energy corporation. (Reporting by Nia Williams; Editing by Susan Thomas

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