Oil And Gas News

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U.S. Rig Count Drops, But E&P Spend Up 13%

2017.Analysts at Simmons & Co, energy specialists at U.S. investment bank Piper Jaffray, this week forecast average total oil and natural gas rig count would rise from 876 in 2017 to 1,037 in 2018, 1,097 in 2019 and 1,232 in 2020, little changed from last week.So far this year, the total number of oil and gas rigs active in the United States has averaged 1,003. That keeps the total count for 2018 on track to be the highest since 2014, which averaged 1,862 rigs.A total of 1,047 oil and gas rigs are currently in service this week. Most rigs produce both oil and gas.The U.S. Energy Information Administration

(Photo: Forum Energy Technologies)

Forum is Building a Submarine Rescue Vehicle

System, to a distressed submarine. A simulator, with a number of scenarios, will be supplied as a training aid for the ROV pilots.“The choice of Forum’s Perry vehicles validates that our subsea technological capabilities are applicable to a wide range of uses outside of our traditional oil and gas arena,” said Prady Iyyanki, Forum’s Chief Executive Officer. “Our Subsea team has done a great job diversifying into other applications. This is the largest multi-year Subsea order we have received since our 2012 IPO and the first of the global non-oil and gas project awards

CNOOC Developing New Deep Sea Gas Block in South China Sea

China's offshore oil and gas producer CNOOC has started developing a new gas field in the South China Sea, the official Xinhua News Agency reported on Tuesday.The Lingshui 17-2 gas field is the first deep sea gas block fully operated by a Chinese company, Xinhua said citing CNOOC officials.The deep sea project, which was discovered in 2014, is 150 km (94 miles) south of China's southern Hainan island, with an average operational depth of 1,500 metres, according to a Reuters report from that year.CNOOC is ready to start building a subsea level platform used for drilling, Xinhua said.(Reporting

© sframe / Adobe Stock

Schlumberger Wins in US Supreme Court on Patent Damages

;s largest oilfield services provider.The 7-2 decision overturned a lower court's ruling that had enforced limits on applying U.S. patent law overseas and reduced by $93.4 million the damages sum that rival ION Geophysical Corp had to pay for infringing Schlumberger technology that helps find oil and gas beneath the ocean floor. Both companies are based in Houston.The decision expands the ability of patent owners to recover foreign-based damages, increasing the threat posed by certain infringement lawsuits in the United States.Internet-based companies and others had expressed concern that extending

Sri Lanka Signs Deal for $50 Mln Offshore Seismic Study

$10 million for the seismic study, while Eastern Echo DMCC would carry out the marine survey.Officials from Total and Schlumberger did not immediately respond to requests for comment.Sri Lanka produces no oil and is dependent on imports for all of its fuel requirements, despite trying to reinvigorate oil and gas exploration after its 25-year civil war with Tamil separatists ended nine years ago.Importing oil cost the island $3.2 billion in 2017.(Reporting by Ranga Sirilal; Editing by Shihar Aneez and Jane Merriman

The West Hercules drilling rig in the Barents Sea. (Photo: Ole Jørgen Bratland / Equinor)

Norway Awards Oil Permits to 11 Firms in Arctic Licensing Round

Norway has awarded 12 oil and gas exploration licences to Equinor and 10 other companies focused mostly on the Arctic, where Oslo believes it has the greatest potential for significant new discoveries.Nine of the licences are located in the Barents Sea and three in the Norwegian Sea off central Norway, the Ministry of Oil and Energy said on Monday."This licensing round confirms that the oil companies see opportunities for further profitable petroleum activity in the north," Oil and Energy Minister Terje Soeviknes said in a statement.Equinor, formerly known as Statoil, was awarded five

REMUS M3V  (Photo: Hydroid)

Hydroid's Most Compact AUV Ever Produced

dimensions have been kept down to a true “A-size” form factor – it measures just 36" by 4.875" (0.91 m × 0.12 m). The compact size of the M3V makes it ideal for many applications, such as marine life research or underwater assessment around infrastructure such as oil and gas installations, offshore wind turbines and military applications. Hydroid hopes that the REMUS M3V’s size will open up new avenues for deployments beyond mine-countermeasure (MCM) activities where REMUS AUVs are already in use. The A-size form factor also means the REMUS M3V can be launched

Matt Hodson. Photo: Marine Hub Cornwall

Innovation Starts @ Marine Hub Cornwall

.  It was traditional, but even back then there were some interesting Cornish companies who were innovators for the time.Before they were bought out by Fugro, Seacore was a Cornish company globally renowned as drillers who got the job done. Seacore worked mostly in marine civil engineering and oil and gas and were based in Gweek at the time which is a tiny little village that no one would have heard of normally. When I was at sea working for an offshore company on their cable ships I remember how the crew were talking in hush tones about these Seacore drillers. Coming from such a tiny Cornish village

Dräger UK Managing Director Mike Norris (right) welcomes Kelly Murray at the company’s Aberdeen base (Photo:BIG Partnership)

Dräger Appoints Murray to Senior Management Team

Dräger Safety UK has appointed Kelly Murray as general manager of its North Sea operations base in Aberdeen.   Murray, who has more than 20 years’ experience in operations, engineering and project management in oil and gas, believes Dräger’s manufacturing abilities and its multinational reach give the business opportunities in the wider energy sector.   Mrs Murray was chief operating officer of Red Spider Technology and was subsequently UK interventions manager for the global oilfield service sector major.   She joins Dräger as general manager, leading a

Mike Arnold (Photo: M2 Subsea)

M2 Subsea Secures $13.3 Mln in Projects

Remotely operated vehicle (ROV) services provider M2 Subsea said it has secured contracts worth more than £10 million ($13.3 million) over the past six months.The company, which has bases in Aberdeen and Houston, has conducted more than 10 projects across the oil and gas and renewable markets. M2 Subsea’s fleet of ROVs have been mobilized across the globe for contracts in the North Sea, Southern North Sea, Gulf of Mexico, India and the Middle East with workscopes ranging from inspection surveys to leak detection studies.Building on several renewable projects in 2017, the firm also secured

(Photo: The Underwater Centre)

Closed Bell Diving Courses Relaunched at The Underwater Centre

A subsea training and trials center has become the world’s only commercial diving school to offer a closed bell saturation diving system with a self-propelled hyperbaric lifeboat (SPHL), following a major refurbishment.Thanks to significant investment and support from the global oil and gas sector, The Underwater Centre relaunched its three-week closed bell diving course in June. The first course was fully subscribed and applications are open for future courses.Subsea 7 and TechnipFMC have provided technical support, site supervision and conducted the refurbishment work on behalf of The Underwater

3D image of Mevagissey Harbour which was generated using data collected by the new Ultrabeam Hydrographic vessel (Image: Ultrabeam Hydrographic)

EU Grant Supports New Unmanned Survey Vessel

grant funding from Marine-i, the EU funded program set up to boost the marine technology sector in Cornwall and the Isles of Scilly.The company, Ultrabeam Hydrographic, which provides ultra high resolution hydrographic surveys for clients with marine based assets, such as harbors, subsea pipelines and oil and gas platforms, has developed a new type of unmanned surface vessel believed to be the first of its kind.The Ultra-USV 3-meter catamaran carries a full suite of high-tech survey equipment and has been designed to gather fast, accurate and highly detailed survey data in challenging locations.The compact

Prelude FLNG (File photo courtesy Shell)

Shell Feeds Gas to Australia's New Prelude FLNG

data shows that the vessel left Prelude FLNG port on June 7."This will cool down the tanks and process equipment and pipework with gas and is an opportunity to test processes and systems before the subsea wells are opened at start-up," she said.Shell and Inpex Corp, Japan's biggest oil and gas producer, are vying for first gas from two overlapping fields from offshore northern Australia, where both have spent billions of dollars building the world's biggest maritime vessels to grab a slice of Asia's booming LNG market.The Shell spokeswoman declined to comment on the estimated

(Photo: Ocean Infinity)

Ocean Infinity to Deploy AUVs for Scarborough Survey

Seabed exploration company Ocean Infinity said it has been awarded a contract to provide data in support of the development of the Scarborough field 375 kilometers west-north-west of the Burrup Peninsula in Western Australia.The contract, awarded by Australian oil and gas company Woodside Energy, involves a deepwater geophysical pre-engineering route survey, extending approximately 300 kilometers from the Scarborough subsea field in 950- to 1,400-meter water depths up the scarp break toward existing onshore liquefied natural gas (LNG) processing facilities on the Burrup Peninsula.The deepwater geophysic

The Grane platform in the North Sea. (Photo: Harald Pettersen / Equinor ASA)

Equinor Awards $3.7 Billion Service Deals

Norwegian oil and gas firm Equinor has awarded drilling and well service contracts worth 30 billion Norwegian crowns ($3.68 billion) to Schlumberger, Halliburton and Baker Hughes, it said on Monday.The contracts cover integrated well services, such as directional drilling, drill bits, fluids and cementing, for an initial four years, and can be extended for up to 10 years."The purpose of integrated drilling and well services is to clarify roles and responsibilities," Equinor, formerly known as Statoil, said in a statement."This results in less interfaces and more clearly defined responsibi

(Image: ABB)

Powering the Seafloor: Put a Socket in It

There’s an energy revolution coming on the seabed.In efforts to boost subsea oil and gas production and reach fields further from shore, in deeper and even Arctic waters, a subsea power revolution is in progress. Several multinationals are developing systems to provide electric power across the seafloor – think subsea power sockets.Giving access to subsea power this way would help oil and gas firms move processing equipment to the seafloor, instead of hosting it on platforms. On the seafloor, equipment, including pumps and compressors, would be more effective and efficient at boosting

Saab Seaeye’s Sabertooth hybrid ROV/AUV (Photo: Saab)

Unmanned Vehicles May Soon Take Up Residency Subsea

Robotic systems are moving closer toward being able to “live” in subsea docking stations, as permanently installed subsea resident vehicles.For the 40 years that the oil and gas industry has been working subsea, there’s been a gradual evolution in the technology it uses. Remotely operated vehicles (ROVs), built to perform underwater tasks in place of divers, have evolved from fairly crude machines to today’s highly capable and complex vehicles, with many now electrically powered.Autonomous underwater vehicles (AUVs), which operate without a tether (umbilical) are now supplementin

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