ConocoPhillips Deploys 'Low-code' Tech to Boost Bottom Line
ConocoPhillips has deployed a low-code platform called Mendix to cut costs and increase efficiency, making it the first major oil and gas producer to use such technology across the company, Mendix said in a statement on Tuesday.Mendix, owned by German technology firm Siemens, allows companies to create in-house systems without hiring outside developers as minimal or no coding knowledge is required."It can be used by a rig manager in the middle of the ocean to someone in HR," Jon Scolamiero, Mendix's manager of architecture and governance of product marketing, said.Low-code platforms are
Jenkins Joins Well-Safe
Well-Safe Solutions has appointed a director of well abandonment to its growing list of decommissioning experts, bringing the senior team to nine since launching this summer. Matt Jenkins has joined Well-Safe from Conoco where he led its UK P&A (plug and abandonment) Engineering and Strategy and was pivotal in the Southern North Sea Decommissioning project. As director of well abandonment at Well-Safe, Jenkins will lead the technical team to design safe and efficient well P&A operations for clients, ensuring the best possible solutions are implemented to mitigate
Station-Keeping In Ice
addressed to fill gaps in the knowledge, technology, methodology and training associated with offshore Arctic oil and gas development.” The oil and gas companies that were consulted for the CARD Roadmap included Exxon Mobil, Suncor, Husky Energy, Statoil, Chevron, Imperial Oil, Shell and Conoco Phillips. Among the needs that were identified as high priority was station-keeping in ice using either mooring or dynamic positioning. The limiting case used for design was station-keeping during emergency response, which pointed to the need for “improved ice load models (and full-scale data)
James Fisher Acquires Visual Information Businesses
to clients. R2S VAM is an asset integrity and management solution that has revolutionized collaboration and the creation of efficiencies throughout the oil and gas supply chain. Currently used by 18 international energy operating companies (including BP, Chevron, ExxonMobil, Total and Conoco Phillips), R2S VAM, is increasingly finding application in other industry sectors to record and manage complex assets. R2S Forensic provides incident investigation and planning products and services for complex security situations. Used by police forces across the U.K., Europe, U.S. and
Update: Statoil Follows Shell out of Alaska
during the worst price crash in six years. Businesses, politicians and environmental groups have squared off over drilling in the Arctic, which is widely believed to have large undiscovered oil resources. Statoil said it will exit 16 leases it operates and its stake in 50 leases operated by ConocoPhillips. "Since 2008, we have worked to progress our options in Alaska. Solid work has been carried out, but, given the current outlook, we could not support continued efforts to mature these opportunities," Statoil exploration chief Tim Dodson said in a statement. When
Conoco Cutting Deepwater Spending
ConocoPhillips said on Thursday it will reduce future spending on deepwater drilling due to low crude oil prices while raising its dividend one cent. The largest spending reductions will come in the Gulf of Mexico, where the Houston-based company said it will terminate a three-year contract for an Ensco deepwater drill ship that was due to be delivered late this year. Conoco said it raised its quarterly dividend to 74 cents per share from 73 cents per share. (Reporting by Anna Driver, editing by G Crosse)
FMC Choses DNV GL to Verify Deepwater JIP
FMC has chosen DNV GL to perform independent third party verification of a high pressure, high temperature (HPHT) subsea completion, production and work-over system. FMC is running this project as a joint industry program (JIP) with Anadarko, BP, Conoco Phillips, and Shell, to aim at product standardization and cost efficiency. Producing oil and gas from deepwater reservoirs with pressures of up to 20,000 psi and temperatures of 350°F at the mudline has for years been the objective of task force groups of the best and brightest engineers within many of the oil majors’ organizations.
Myanmar Awards Statoil, Conoco Phillips Deepsea Exploration Contract
Myanmar has awarded contracts to international oil majors Statoil and ConocoPhillips for oil and gas exploration in a deepwater offshore block, the official Kyemon Daily said on Sunday. The Myanmar newspaper said the two companies' regional subsidiaries - Singapore-registered Statoil Myanmar Private Ltd and ConocoPhillips Myanmar E&P Pte. Ltd. - agreed to invest $323 million in oil and gas exploration in Deepsea Block AD.10, off Myanmar's western Rakhine coast. Under the contracts, signed last week, production sharing agreements would span eight years. The companies will have to
Cortez Subsea Appoints New Operations Director
recently successful in turning Topaz Oil and Gas Limited in UAE from a loss making company into a profit generating business which was sold on. As a former Projects Manager of Kellog Brown & Root he managed two of the first major decommissioning projects in the North Sea, including the award winning Conoco Viking “A” abandonment. He was also instrumental in setting up the Petrofac Brownfield Engineering division, which expanding his business development expertise. As operations director of Cortez Subsea, McKay will bring his international project management and business growth expertise
February 2024
