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Xvision Software launches first cloud-based technology to digitize offshore field development

Xvision Software has launched FieldAP, the first 100% cloud-based technology for the energy industry providing offshore project managers with an online tool for visual field development, digital planning and cost containment. The online tool is capable of accelerating project timelines by up to 80%, especially during the early concept and FEED phases. These time savings can drive cost savings as high as 70% across the life of the project. FieldAP uniquely brings all offshore field development project data – assets and activities, both subsea and topside – into plain sight through easy-to-understand online 2D/3D visualizations. The tool’s digital working environment also provides the power of real-time multi-location collaboration, allowing users a lower risk of communications errors, reduced costs in the ...

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US rig count continues to climb

The US total rig count grew by 13 from one week ago, with oil rigs increasing by nine and gas rigs by four. This marks the fifteenth straight build for oil rigs, with a 175-rig increase since 13 January. The total rig count now stands at 870. Last year, the US total rig count stood at a mere 420.

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Keppel FloaTEC secures engineering, construction support services contract for first TLWP in Vietnam

Keppel FloaTEC, a wholly-owned subsidiary of Keppel Offshore & Marine (Keppel O&M) has secured a contract worth about $40 million from PTSC Mechanical & Construction (PTSC M&C) to provide engineering, technology and construction management support services for the Repsol Ca Rong Do Tension Leg Wellhead Platform (TLWP) to be built in Vietnam...

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BP takes leap forward in seismic imaging technology

BP announced a major breakthrough in seismic imaging that has identified more than 200 million barrels of additional resources at BP’s Atlantis field in the deepwater Gulf of Mexico (GOM). As a result of this early success, BP now is deploying this technique to fields elsewhere in the Gulf of Mexico as well as in Azerbaijan, Angola, and Trinidad and Tobago. The innovation has enabled BP to enhance the clarity of images that it collects during seismic surveys, particularly areas below the earth’s surface that complex salt structures previously obscured or distorted. The sharper seismic images mean that BP can drill new development wells in deepwater reservoirs with higher confidence and accuracy. “This technological breakthrough has essentially allowed our team to ...

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US rig count up 10 this week

The US total rig count climbed to 857 this week, an increase from last week’s 847, according to the Baker Hughes weekly rig count. There are currently 20 offshore rigs in the US and 20 in the Gulf of Mexico. Total North American rigs dropped to 956, compared to 965 from one week ago.

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