Oil Rigs News

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

U.S. energy companies this week cut oil rigs for a second straight week, and notched the first monthly fall since March.Drillers cut four oil rigs in the week to June 29, bringing the total count down to 858, General Electric Co's Baker Hughes energy services firm said in its closely followed report on Friday. <RIG-OL-USA-BHI>That was the first time drillers cut rigs for two weeks in a row since October 2017. For the month, the rig count decreased by one, its first decline since March.For the quarter, however, the count rose by 61, its biggest gain since the second quarter in 2017, after

Image:  Allianz Global Corporate

Drones Will Take Off for Shipping, Says Allianz

ships and cargo, while loss adjusters employ drones to assess damage to vessels. Allianz has already used drones to assess marine claims, as well as property claims in the aftermath of last year’s hurricanes and wildfires.Operators are also using drones to assess the condition of assets, such as oil rigs, pipelines and offshore turbines, reducing the need for risky human inspections. In the North Sea, fishing vessels carrying drones are being used to undertake survey work and environmental monitoring.Drones are likely to find many more uses in the maritime sector in the years to come, some of which

Photo: NAO

Hansson Sees Positive Outlook for NAO

Vessel (PSV) market against high, stable oil prices and record investment levels in the offshore segment.   “Currently the market for our vessels is turbulent - the decline in oil price has led to reductions in exploration activity in the North Sea, in turn lowering the number of working oil rigs and the demand for PSVs,” Hansson said, but added the he believes there’s reason for NAO to have an optimistic outlook, despite market instability.   “Five vessels in our eight vessel fleet are currently employed on contracts, up from three last quarter. Three of our vessels

Arctic drilling: the Polar Pioneer in Norway’s arctic waters (Photo: Harald Pettersen, Statoil)

Norway's Heavyweights & Entrepreneurs

; about the long-term prospects for the oil price, but then again, “I’m less certain of this than I’ve ever been as an economist,” he tells a floating production conference in Oslo. After two-and-half years of oil-price collapse followed by layoffs in the thousands; stacked oil rigs and order freezes for offshore shipping, price insecurity itself is a partial expression of confidence.   Beneath some palpable yet halting movements toward recovery in 2017 (like rig hires), there’s 2016’s rigorous cost-cutting by, among others, Statoil and its subsea supply

Sean Halpin (Photo: Liquid Robotics, a Boeing Company)

Voices: Sean Halpin

, hurricanes and typhoons) and in remote, harsh locations such as the Artic and Antarctica. Operating in the Nordic Seas, Wave Gliders have collected real time Meteorological and oceanographic (METOC) data providing situational awareness of real time weather and current conditions around offshore oil rigs. In addition to METOC missions, Wave Gliders are being used by the oil and gas industry for environmental monitoring, maritime security and seismic surveys. This experience allows us to continually enhance the platform to make it more robust, reliable and to increase operational safety. Moving forward

Gas from the damaged Deepwater Horizon wellhead is burned by the drillship Discoverer Enterprise in May 2010, in a process known as flaring. (U.S. Coast Guard photo by Patrick Kelley)

Six Years after BP Spill, US Sets New Offshore Oil Safety Rules

workers.   "The well control rule is a vital part of our extensive reform agenda to strengthen, update and modernize our offshore energy program using lessons learned from Deepwater Horizon," said Interior Secretary Sally Jewell.   To improve the "culture of safety" on oil rigs and prevent future spills or blowouts, the new rule tightens requirements for blowout preventers, well design, well control casing, cementing and sub-sea containment.   It also calls for real-time monitoring, third party reviews of equipment, regular inspections and safe drilling margin requiremen

Technip, FMC Target Oil Services 'Big League' with Merger Deal

by 2019, as well as boost earnings per share significantly, the companies said in a statement.   Lower energy prices are driving consolidation in the oil services sector, hit by an oil supply glut that has been weighing on exploration and production.   Shares in Technip, which builds oil rigs and refineries and supplies pipelines for the offshore industry with equipment often made by FMC, closed up 6.3 percent in Paris, the biggest gainer on the CAC 40 index of blue chips, while FMC fell 2.75 percent in New York.   Analysts said the new group could one day rank alongside the likes

US Oil Drillers Add Rigs for Third Week in a Row

U.S. drillers this week added oil rigs for a third week in a row for the first time since August, according to a closely followed report on Friday, as producers seek more drilling permits after crude prices hit an 11-month high over $51 a barrel last week.   Despite a decline in U.S. crude futures to one-month lows to under $47 this week, analysts and producers have said oil over $50 was a key level that would trigger a return to the well pad and drilling permits are a leading indicator of future drilling.     Drillers added nine oil rigs in the week to June 17, bringing the total

The Discoverer Enterprise, Q4000 and many other vessels work around the clock cleaning up the Deepwater Horizon oil spill in the Gulf of Mexico. (Photo: SGT Casey Ware, U.S. Army)

US Offshore Regulator to Unveil Tougher Environmental Safeguards

The U.S. government agency created after the 2010 Deepwater Horizon oil spill plans in coming weeks to unveil tougher financial requirements for offshore oil producers aimed at protecting taxpayers from the risk of cleaning up abandoned oil rigs, an agency executive told Reuters.   Under the new guidelines, the Bureau of Ocean Energy Management (BOEM) will demand additional guarantees to cover producers' legal obligation to plug offshore wells and dismantle rigs in the Outer Continental Shelf once they have extracted oil and gas, according to Renee Orr, chief of Strategic Resources at the agency.

Saudi Energy Minister Khalid al-Falih Photo ARAMCO

Oil Extends Gains, Saudi Minister sees Market Balance

energy minister of Saudi Arabia, the world's largest oil exporter, and the secretary general of OPEC agree that the global oil market is heading towards a balance and that prices are starting to settle, according to comments carried by Saudi state news agency SPA. U.S. drillers last week added oil rigs for a fourth week in five, according to a closely followed report Friday, in the best month of producers returning to the well pad since August that signalled a near-two year rout in drilling may have ended. The Niger Delta Avengers, a militant group that has been carrying out attacks on Nigerian

Water backed weld Photo Whittaker Engineering

New Welding Procedure helps Avoid Drydocking

, has developed a unique water-backed welding procedure for vessels which can save companies millions of pounds from the prevention of dry docking and resultant loss of production.   Traditional welding specifications used for the design and manufacture of FPUs (Floating Production Units) and oil rigs do not take into account the cooling effects of seawater.  Whittaker Engineering’s procedure uses high-powered induction heating coils to maintain a preheat temperature whilst welding water-backed plate, mitigating the heat loss through a ship’s hull into the cold temperature of

Researchers Prepare Oceanic Trash Clean-Up Plan

booms tethered to the ocean floor and linked in a V shape intended to skim and concentrate surface plastics floating on top of ocean currents. Slat, a Dutch inventor who gained attention as a teenager when he developed the floating boom system which uses technology used for anchoring deep sea oil rigs, said the project would be situated in international waters, away from shipping lanes. The cost of the reconnaissance expedition and the debris collection system was not disclosed. Critics say the system is too costly or unlikely to function as designed.   Reporting by Emmett Ber

Figure 1: UAS programs are ideal for visually inspecting remote assets, such as rig components or subcomponents in difficult-to-reach areas. (Credit Oceaneering)

Aerial Drones Take Flight Offshore

operations, and have also shown the value of supporting these programs with a comprehensive range of processes, procedures and management systems.    Examples of Successful Programs One of the most popular applications for UAS programs includes visual inspections of remote assets such as oil rigs. In one example, a major oil company set up a UAS program to identify the presence or absence of rig components or subcomponents – as well as any gross damage or deformation, including visible cracks, the extent of coating breakdown and variations from structural drawings. The unmanned, eight-pile

Gaofen-3 onboard the Long March 4C rocket. Image Courtesy: Xinhua

China Launches Maritime Satellite

that have an area of at least 500 square metres [0.05ha], satellites like the Gaofen 3 will be very useful in safeguarding the country's maritime rights and interests.”   "The satellite will play an important role in monitoring the marine environment, islands and reefs, and ships and oil rigs," the official China Daily newspaper said, citing project leader Xu Fuxiang.    "Satellites like the Gaofen-3 will be very useful in safeguarding the country's maritime rights and interests," he added, according to the newspaper.   The satellite was launched amid

Ocean engineers from MIT, the University of Minnesota at Duluth and the Woods Hole Oceanographic Institution have accurately simulated the motion of internal tides along a shelf break called the Middle Atlantic Bight — a region off the coast of the eastern U.S. that stretches from Cape Cod in Massachusetts to Cape Hatteras in North Carolina. (Image: Google Earth)

Scientists Uncover Explanation for Hidden Ocean Swell Interactions

and engineering at MIT; Tim Duda, a senior scientist at WHOI; and Patrick Haley, a research scientist at MIT.   Lermusiaux says the team’s simulations of internal tides could help to improve sonar communications and predict ecosystems and fishery populations, as well as protect offshore oil rigs and provide a better understanding of the ocean’s role in a changing climate.   “Internal tides are a big chunk of energy that’s input to the ocean’s interior from the common [surface] tides,” he explains. “If you know how that energy is dissipated and

Photo James Fisher Subsea

JF Subsea Inspects Shell Oil Rigs with New ROV technique

James Fisher Subsea implements innovative ROV methodology on six North Sea oil rig platforms for Shell UK James Fisher Subsea uses its unique ROV methodology on 6 of Shell UK’s platforms over four month period ROV inspection methodology removed the need for a vessel and reduced downtime to 2% JF Subsea and Shell UK working to confirm inspection programmes for the next five years due to the project’s success James Fisher Subsea (JF Subsea), a world leading subsea services division of James Fisher Marine Services (JFMS), has reduced inspection downtime to 2% for Shell UK, through

Oil Steady, Supply Outlook Unclear

cutbacks could be quite high initially, we will be surprised by compliance much above 60 percent by the end of the first quarter as (U.S.) shale responds to a higher price environment," Ritterbusch said. U.S. oil output is expected to increase as energy companies last week continued to add oil rigs, extending a seven-month drilling recovery. "Since its trough on May 27, producers have added 194 oil rigs (+61 percent) in the U.S.," U.S. bank Goldman Sachs said. As a result, U.S. oil production is edging up, rising from below 8.5 million barrels per day (bpd) in July to almost

Marine Technology Magazine Cover Oct 2018 - Ocean Observation: Gliders, Buoys & Sub-Surface Networks

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