Subsea ///

Westwood highlights exploration hits, misses of 2017

A new report from Westwood Global Energy Group, the energy market research consultancy, has highlighted 10 potentially commercial discoveries in 2017 considered likely to be more than 100 MMboe.

Borr Drilling goes from empty-handed to the largest jackup driller in just 16 months

Borr Drilling announced its intention to acquire Paragon Offshore after inking a binding tender agreement to purchase all outstanding shares for $232.5 million. With the acquisition, Borr gets their hands onto 31 jackups and one semisubmersible unit.

Abrado Wellbore Services awarded multi-string section milling P&A project in Trinidad

Abrado announced today that it has been awarded a multi-million-dollar dual-string section milling plug and abandonment project in Trinidad utilizing its proprietary Medusa cutting technology.

MCEDD ‘18: Conference program features 35 global deepwater companies

ENI, host of Marine Construction Engineering Deepwater Development (MCEDD) 2018, will support an expanded technical program at this year’s conference, one of the world’s premier deepwater events.

Offshore oil recovery beginning in world's harshest environments

Explorers are once again testing the waters in their search for oil, according to Transocean Ltd., the world’s biggest offshore rig contractor by market value.

Abrado completes rig-less, dual-string section-milling P&A job in GOM

Abrado announced today that it has completed the first well in a multi-well P&A campaign for an independent GOM operator, using its proprietary Medusa expandable casing section-milling technology.

NERA announces funding for subsea equipment reliability project

National Energy Resources Australia (NERA) is supporting the Transforming Australia Subsea Equipment Reliability (TASER) project, led by Wood and in collaboration with Chevron, Shell and Woodside, by providing AUD $145,000 of funding over two years.

New Products and Services

Alex Endress, World Oil

National Oilwell Varco (NOV) has introduced the iSeries NXT platform to its portfolio of Tolteq MWD/LWD directional systems and tools.

Enpro Subsea wins frame agreement, supporting Tullow Oil in West Africa

Production optimization specialist company Enpro Subsea has been awarded a frame agreement contract to support leading multinational exploration and production (E&P) company Tullow Oil as part of the operator’s strategic activities in Ghana.

New subsea technology could generate £3 billion from the North Sea, Wood Mac says

Wood Mackenzie and the Oil & Gas Technology Centre announced today that developing new subsea technology and approaches to field developments could help unlock an additional 400 MMbbl of oil and gas and generate £3 billion of additional value.

Petrofac awarded follow-on well decommissioning project

Petrofac has been appointed to provide outsourced well operator services on the next phase of Tullow Oil’s Thames Decommissioning project, following the award of a new multi-million-dollar contract.

Royal IHC hits first milestones for Subsea 7 reel lay vessel

Royal IHC has successfully passed the first significant milestones in the design and build process of an integrated reel lay vessel for Subsea 7.

TechnipFMC, Island Offshore enter into strategic collaboration agreement

TechnipFMC has signed an agreement with the Island Offshore group to acquire a 51% stake in Island Offshore’s wholly owned subsidiary, Island Offshore Subsea AS.

BHGE AM '18: Shell exec calls for greater energy renaissance

Harry Brekelmans, Royal Dutch Shell PLC's Projects and Technology Director, shared his ideas about what has been accomplished—and how much more needs to be accomplished—in the ongoing energy renaissance, on day one of the BHGE Annual Meeting (BHGE AM).

Norway grants drilling permit to Spirit Energy Norge AS

The Norwegian Petroleum Directorate has granted Spirit Energy Norge AS a drilling permit for wellbore 35/9-14, cf. Section 15 of the Resource Management Regulations.

Enpro Subsea receives PE funding for development of production, intervention technologies

Enpro Subsea has secured investment from EV Private Equity (EV) to grow its production optimization business into new and existing international markets and further develop its range of production optimization and intervention technologies.

MCEDD '18: Total’s Benoit Ludot, V.P., Deepwater and Subsea, Upstream, to deliver keynote

Gulf Quest LLC has announced that Total’s Benoit Ludot, V.P. of deep water and subsea, upstream, will deliver a keynote presentation at the Marine Construction Engineering Deepwater Development (MCEDD) conference on April 10, 2018 in Milan, Italy.

Aker Solutions wins subsea orders for Troll and Askeladd projects

Aker Solutions was awarded contracts from Statoil to provide subsea production systems and services for the Troll Phase 3 and Askeladd natural-gas developments offshore Norway.

Subsea Expo to explore overseas opportunities for UK companies

With UK subsea exports valued at almost £4 billion, Subsea UK is encouraging British firms to target international expansion to sustain long term growth.

New Products and Services

Alex Endress, World Oil

National Oilwell Varco (NOV) recently launched the Rolligon dry additive mix unit, which uses a custom-designed mixer to pre-mix the gel powder with water on the fly, giving optimum gel quaity even at high rates.