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UT Austin’s RAPID develops thermal model for top drive CBM

The Rig Automation Performance Improvement in Drilling (RAPID) consortium, established under the University of Texas at Austin, has developed a thermal model to track system parameters on top drives. In this video with Pradeep Ashok, Senior Research Scientist for Drilling Automation at UT Austin, he talks about what drove the development of this model and how it works, as well as the business case for applying condition-based monitoring (CBM) to today’s top drives. Watch the video from the 2018 IADC Drilling Engineers Committee Q4 Tech Forum, held in Houston on 14 November, for more information.

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Rystad Energy: Strong outlook for offshore

The outlook for offshore oilfield service contractors is strong. More than 100 new projects are aiming for 2019 sanctions. An expected $210 billion will be spent on offshore oilfield services globally next year, according to Rystad Energy’s latest project sanctioning report. Offshore contractors have experienced four consecutive years of declining revenues, but those still standing can expect revenues to start growing again next year. “The offshore service market is like a super tanker: It takes time to accelerate,” Audun Martinsen, Head of Oilfield Service Research at Rystad Energy, said. “The uptick in new projects in 2017, 2018 and now 2019 will be enough to turn revenue growth positive to mid-single digits as offshore capex is set to increase due to ...

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Rowan wins contract with CGX Resources for Ralph Coffman jackup

Rowan has announced that the Ralph Coffman, a 240-C Class harsh-environment jackup rig, has been awarded a one-well contract from CGX Resources in Guyana for an estimated duration of 60 days. The contract is expected to commence in Q2 2019.  The Ralph Coffman is currently under contract with GulfSlope Energy in the US Gulf of Mexico through its current well, which is estimated to conclude mid-January 2019.

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Ensco launches Continuous Tripping Technology

Ensco has announced its Continuous Tripping Technology, a new proprietary solution that provides more efficient and safer pipe tripping and helps to lower customers’ offshore project costs. The patented technology, in concert with other key equipment, sensors and process controls, fully automates the movement of the drillstring into or out of the well at a constant controlled speed. When deployed during offshore activities, it enables pipe-tripping speeds of up to 9,000 ft/hr – up to three times faster than tripping times achieved by current conventional stand-by-stand methods. The technology can be retrofitted to both floaters and jackups. It is well-suited for ultra-deepwater drillships and larger modern jackups. Ensco recently completed the installation of the technology on ENSCO 123, and commissioning of this system is underway. ...

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Rystad Energy: Guyana, Russia, US lead in 2018 discoveries

2018 stands as the best year for global oil and gas exploration since 2015. Guyana, Russia and the US top the list with major discoveries, according to Rystad Energy. Discovered resources this year have already surpassed 8.8 billion BOE . Rystad expects the number to grow to 9.4 billion BOE by year-end. “We at Rystad expect this discovery trend to continue into 2019 with many promising high-impact wells targeting vast potential,” Palzor Shenga, Senior Analyst on Rystad Energy’s Upstream team, said. Offshore discoveries represent around 82% of total volumes. 2018 has also seen a significant uptick in the reserve replacement ratio to around 15% from 11% in 2017. “Global exploration activity and discoveries have halted their year-after-year decline and look set to rise in the ...

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Wood Mackenzie reports: Upstream companies positioned to thrive in 2019

In Wood Mackenzie‘s recently published 2019 upstream and corporate outlook reports, the company highlights how well prepared the industry is to adapt and thrive in tumultuous times. “Oil and gas companies can cope with whatever’s thrown at them in 2019,” Tom Ellacott, Senior Vice President, said. “Portfolios are set to weather low prices, and the recent slide in prices justifies the sector’s conservative mindset. In our view, the commitment to capital discipline will not budge entering the new year.” He continued: “But the temptation to relax the purse strings will grow if prices bounce back. If oil prices return to $70/bbl or above, the cash windfall generated is huge and will inevitably drive sentiment back in favor of growth. It will also increase pressure to ...

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AFGlobal signs frame agreement with ExPert Riser Solutions

AFGlobal announced it has signed a frame agreement with ExPert Riser Solutions that will bring together the companies’ marine drilling riser inspection and drilling riser repair services. This agreement will combine the companies’ respective core technologies, experience, engineering and manufacturing capabilities to provide a robust marine drilling riser inspection and repair solution for drilling contractors around the world. The solution consists of onboard, onsite and at-facility services using proprietary-automated and manual inspection techniques. This agreement will also provide full service repair facilities in the Gulf of Mexico and Brazil, as well as forging and machining assets for aftermarket parts manufacturing. “We look forward to our relationship with ExPert Riser, which will better enable us to meet and exceed the global drilling riser inspection and ...

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Aasta Hansteen onstream

On 16 December Equinor and its partners started production from the Aasta Hansteen gas field in the Norwegian Sea. On 17 December gas from the Aasta Hansteen field became available to the market for the first time and together with the Polarled pipeline the field opens a new region for gas export to Europe. “Aasta Hansteen is a pioneer. Located in 1,300 m of water, this is the deepest field development on the Norwegian continental shelf (NCS), the largest spar platform in the world, and a first on the NCS. The field now coming onstream is unique,” Anders Opedal, Equinor’s Executive Vice President for Technology, Projects and Drilling, said. The field development concept consists of a floating platform with a vertical cylindrical substructure ...

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Analysis: Rise of IIoT drives adoption of predictive inspection models in non-destructive testing

Rebounding from a two-year slump, the non-destructive test (NDT) inspection services market is undergoing an overall transformation. The convergence of various technologies, such as big data, predictive analytics, digital twin, cloud computing and smart factories, is enhancing growth opportunities in the market, giving rise to new business models. Vendors are making concerted efforts to convert big data to smart data and shift the market from the traditional time-people business model to more proactive performance-based business models. “Industrial Internet of Things (IIoT) and artificial intelligence (AI)-based NDT capabilities are altering market structures and driving the transformation of traditional business models,” Prem Shanmugam, Senior Consultant for Measurement & Instrumentation at Frost & Sullivan, said. “Automation companies are increasingly repositioning themselves as service providers, while sensorization and predictive analytics have enabled vendors to develop innovative business models.” ...

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