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Diversity in thought, experience strengthens teams, improves problem solving

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In a survey conducted by EY in 2016, a whopping 94% of respondents said they believe that diversity of thought and experience are key to navigating disruptions in the oil and gas sector. Diversity can also create more effective teams that are better equipped to find solutions to problems they’re tasked with solving, Dr Vera Verdree, Senior Global Competence Manager at BHGE, said in a presentation at the 2018 IADC HSE&T Conference in Houston. In this video from the conference on 7 February, Dr Verdree also discusses some of the challenges companies face in building effective teams with the right mix of skills. Further, she outlines BHGE’s Competence Management Program and how it equips new-hires with the skills and abilities necessary to effectively perform in this evolving digital world...

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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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Wood Mackenzie: Explorers’ success rates rise as ultra-deep and frontier basins deliver

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Explorers achieved significant success in 2017 as companies emerged from the downturn leaner and more focused on making smart portfolio decisions. The industry has made a return to high-impact exploration in ultra-deepwater and frontier basins after a period of focusing on low-risk, low-reward activity. Oil accounted for 56% of discovered volumes, a share last seen in 2008, with eight out of the top 10 discoveries being oil weighted...

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Total enters exploration in Guyana Basin with three exploration licenses

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Total has signed agreements to acquire interests into two exploration licenses offshore Guyana, the Canje Block and the Kanuku Block. These agreements come after entering into an option agreement for the nearby Orinduik Block. Subject to the approval of relevant authorities, Total will thus own exploration rights to an area covering over 12,000 sq km in the Guyana Basin...

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Deep Sea Mooring picks up Quadrant contract offshore Australia

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Deep Sea Mooring (DSM), a Vryhof company, has secured a contract with Quadrant Energy to provide turnkey pre-lay mooring solutions to the Transocean GSF Development Driller 1 semi-submersible drilling rig offshore Australia. The deal, a continuation of previous work for Quadrant Energy, begins in March 2018...

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