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BSEE issues safety alert resulting from recent risk-based inspection

The US BSEE has issued a safety alert summarizing its findings and recommendations from a recent risk-based inspection. BSEE’s team of inspectors and engineers developed several recommendations from inspection findings to reduce risks associated with fired vessels. Fired vessels are hydrocarbon-processing vessels on offshore oil and gas facilities with self-contained, natural or forced draft burners.

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Trendsetter Vulcan Offshore inks agreement with SubseaDesign for tethered BOP system

Trendsetter Vulcan Offshore (TVO) has signed an agreement to provide SubseaDesign with rights to market and commercialize TVO’s patented Tethered BOP design for use in the Norwegian sector of the North Sea. The TVO system is a robust, cost-effective solution for two emerging technical challenges facing the drilling industry – wellhead fatigue and wellhead strength. “Our goal at TVO is to consider serious offshore challenges and develop innovative solutions,” Jim Maher, TVO CEO, said. “The Tethered BOP addresses serious safety issues, enabling reliable operations on new exploration wells, as well as re-entry and P&A on much older wells. We see many opportunities for this wellhead fatigue mitigation system in the relatively shallow water of the North Sea, and we are pleased to be ...

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New BOP concept removes all hydraulics, halves weight of BOP

Norway-based Electrical Subsea & Drilling has developed a light BOP technology concept with electrical actuation and controls. The technology allows the weight of the BOP to be reduced by approximately half compared with typical BOP weights today, said company CEO John Dale at the IADC Drilling Engineers Committee Q3 2018 Technology Forum on 19 September in Houston. Watch the video to find out more about the new technology concept.

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Early kick detection project on horizon for DeepStar consortium

The DeepStar offshore technology development consortium recently held a shear ram workshop and is looking to undertake a new project to study early kick detection. Dave Barrow, Co-Chairman of DeepStar’s Drilling, Completions and Intervention Subcommittee, spoke at the IADC Drilling Engineers Committee Q3 2018 Technology Forum on 19 September about the group’s mission and ongoing work. Watch DC’s video with Mr Barrow to find out more.

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Subsea 7 awarded integrated contract offshore US Gulf of Mexico

Subsea 7 has announced the award of a contract by Fieldwood Energy to Subsea Integration Alliance, a global partnership between Subsea 7 and OneSubsea, a Schlumberger company. The award is for the deepwater Katmai field development in the US Gulf of Mexico’s Green Canyon 40. This supplier-led integrated subsea development solution, combines OneSubsea’s subsea production systems and Subsea 7’s subsea umbilicals, riser and flowline systems expertise. The Subsea 7 scope includes project management, engineering, procurement, construction and installation of 40 km of pipe-in-pipe production flowline (12 in outer pipe and 8 in inner pipe), together with subsea structures, tie-ins to the Tarantula Platform and pre-commissioning expertise. The OneSubsea scope includes provision of three trees (with options for two additional trees), connectors, valves, topside ...

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US net natural gas exports in first half of 2018 were more than double the 2017 average

From January through June of 2018, net natural gas exports from the United States averaged 0.87 billion cubic feet per day (Bcf/d), more than double the average daily net exports during all of 2017 (0.34 Bcf/d). The United States, which became a net natural gas exporter on an annual basis in 2017 for the first time in almost 60 years, has continued to export more natural gas than it imports for five of the first six months in 2018. U.S. natural gas exports have increased primarily with the addition of new liquefied natural gas (LNG) export facilities in the lower 48 states. U.S. exports of LNG through the first half of 2018 rose 58% compared with the same period in ...

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Equinor acquires a 40% stake in the Rosebank project in the UK

Equinor has signed an agreement to acquire Chevron’s 40% operated interest in the Rosebank project, one of the largest undeveloped fields on the UK Continental Shelf (UKCS). Once concluded, the transaction will strengthen Equinor’s UK portfolio, which includes the Mariner development, attractive exploration opportunities and three producing offshore wind farms. “We look forward to becoming the operator of the Rosebank project. We have a proven track record of high value field developments across the North Sea and will now be able to deploy this experience on a new project in the UK,” Al Cook, Equinor’s Executive Vice President for Global Strategy & Business Development and UK Country Manager, said. “Today’s agreement allows us to buy back into an asset in which ...

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Shell adds material acreage to its deep-water position in Brazil

Shell Brasil Petróleo, a subsidiary of Royal Dutch Shell, and its bid consortium member Chevron Brasil Óleo & Gás, has won a 35-year production sharing contract for the Saturno pre-salt block located off the coast of Brazil in the Santos Basin. Shell will pay its share of the total signing bonus for the block, equating to approximately $390 million. “We are pleased to add another material, operated exploration position to our leading portfolio in one of the world’s most prolific deepwater areas” Andy Brown, Upstream Director, Royal Dutch Shell, said. “We continue to grow an exciting and resilient Upstream business of long-term competitive positions in our heartlands while maintaining strong, capital discipline.” With the addition of the Saturno block (Shell 50% ...

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ExxonMobil wins additional acreage in Brazil’s 5th pre-salt bid round

ExxonMobil has increased its holdings in Brazil’s pre-salt basins after it won the Titã exploration block with co-venturer Qatar Petroleum during Brazil’s 5th pre-salt bid round. The block awarded added more than 71,500 net acres to the ExxonMobil portfolio, expanding the company’s total position in the country to approximately 2.3 million net acres. “With the acquisition of this block, we continue to increase our holdings in Brazil’s pre-salt basins, which are high-quality opportunities that enhance ExxonMobil’s global portfolio,” Steve Greenlee, President of ExxonMobil Exploration Company, said. “These resources will benefit from ExxonMobil’s considerable capabilities, which we will employ as we explore and develop them with our co-venturers and the government.” Equity interest in the block will be 64% for ExxonMobil ...

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Transocean announces contract extension for Petrobras 10000

Transocean has announced that the ultra-deepwater drillship Petrobras 10000 was awarded a 790-day contract extension offshore Brazil with Petrobras. The contract is extended through October 2021 and includes a blend-and-extend modification to the previous contract dayrate, effective September 2018. The additional net contract backlog is approximately $185 million, including cost escalations. Additionally, Transocean will receive a 5% royalty per day, totaling approximately $16 million, estimated to be from October 2018 to October 2021 associated with the use in Brazil of the company’s patented dual-activity technology on the Petrobras 10000.

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