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The Offshore Frontier

Zinke announces changes to oil and gas inspection program

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US Secretary of the Interior Ryan Zinke announced a series of new initiatives to strengthen the federal offshore oil and gas inspection program. Secretary Zinke highlighted a risk-based inspection element and an increase in the amount of time allotted for physical inspection of offshore facilities as two of six initiatives that the Bureau of Safety and Environmental Enforcement (BSEE) will institute before mid-2018. Secretary Zinke’s announcement at the 2018 CERAWeek conference coincides with the US offshore’s highest oil production year on record, totaling 629 million barrels during 2017...

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Nationalization, efficiency go hand in hand for West Jupiter in Nigeria

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Seadrill’s West Jupiter had a crew that was 49% Nigerian nationals when the drillship started its contract with Total more than three years ago. Since then, the rig has continued to advance its nationalization efforts and now boasts a crew that is 71% Nigerian nationals and 29% expats. At the same time, the rig’s high level of performance has saved nearly 400 days against AFE, said Benjamin Schumacher, Operations Director for Seadrill. Watch DC’s video with Mr Schumacher from the 2018 IADC Drilling Africa Conference on 21 February in Lisbon to find out more about how the drilling contractor balanced its commitment to local content and a performance focus...

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GE, Noble Corp launch world’s first digital drilling vessel

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Following the partnership formed by GE and Noble Corporation, the two companies launched the world’s first digital drilling vessel, targeted to achieve 20% operational expenditure reduction across the targeted equipment and improve drilling efficiency. This is a concrete step forward to unlock the immense potential of digital solutions for offshore drilling operations...

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Paragon announces agreement to be acquired by Borr Drilling

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Paragon Offshore announced that it has signed a tender offer agreement with Borr Drilling, a public limited company incorporated under the laws of Bermuda and listed on the Oslo Stock Exchange, pursuant to which, on the terms and subject to the conditions thereof, Borr has agreed to commence a tender offer to acquire all of the outstanding shares of the company at a purchase price of $42.28 per share...

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IOGP publishes updated version of the guidelines for the conduct of offshore drilling hazard site surveys

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The International Association of Oil and Gas Producers (IOGP) has published an update to the Guidelines for the conduct of offshore drilling hazard site surveys, reflecting feedback on the original document from regulators around the world, IOGP member companies, contractors, verification bodies and consultants...

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Noble Energy announces execution of gas sales agreements for export of gas to Egypt

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Noble Energy has announced that it has signed agreements to sell significant quantities of natural gas from the Leviathan and Tamar fields to Dolphinus Holdings to supply gas in Egypt. These agreements, one for natural gas from Leviathan and one for Tamar, each provide for total contract quantities of 1.15 trillion cu ft of natural gas. The natural gas is anticipated to supply industrial and petrochemical customers as well as future power generation in Egypt...

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IADC ready to help offshore contractors ramp up activity in 2018

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The downturn has put increased pressure on the oil and gas industry to become more efficient, particularly because many analysts and executives are expecting low oil prices to linger for some time. This reality was reflected in the theme of the 2018 SPE/IADC Middle East Drilling Technology Conference, ”Building on today’s efficiencies for tomorrow’s market,” held in Abu Dhabi, UAE. In this video from the conference on 29 January, Jim Thorn, IADC Division Vice President-International Onshore, explains how the conference’s theme is applicable to offshore drilling contractors. He also discusses some of the challenges, particularly around staffing and training, confronting offshore contractors in 2018 as their activity is expected to ramp up. Mr Thorn explains how IADC’s efforts can help contractors tackle these challenges...

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Trump proposes $199.9 million in FY 19 budget for BSEE

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President Donald Trump has proposed a $199.9 million Fiscal Year (FY) 2019 budget for the Bureau of Safety and Environmental Enforcement (BSEE). The 2019 BSEE budget fully supports the safe and environmentally responsible development of the nation’s vast offshore energy resources. BSEE will support the Administration’s objective of facilitating energy dominance through increased domestic oil and gas production by reducing unnecessary regulatory burdens while maintaining or advancing the level of safety and environmental protection...

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