April 2018
News & Resources

Companies in the news

Deep Sea Mooring (DSM) has announced that it is now carrying out operations for Maersk Drilling in Trinidad.
Emily Querubin / World Oil

Deep Sea Mooring (DSM) has announced that it is now carrying out operations for Maersk Drilling in Trinidad. Under terms of a mooring equipment, design and marine supervisory services contract, DSM will deliver a variety of mooring equipment, including chain, fibre ropes, anchors, connectors, buoyancy and handling equipment; mobilization and demobilization services; and mooring design services, including mooring analyses and geotechnical assessment. Also, it includes employment of marine supervisors that will assist Maersk Drilling and Shell in a drilling campaign expected to last up to three years. 

Through its $450-million acquisition of Marathon Oil Libya Limited, Total has gained access to reserves and resources of more than 500 MMboe, with existing production of approximately 50,000 boed. The acquired company holds a 16.33% stake in Libya’s Waha concessions. In addition to production, Total has acquired exploration potential in the Sirte basin, covering an area of about 53,000 km2. Presently, the Waha concessions  reportedly are producing approximately 300,000 boed. However, output is expected to ramp up in the next decade, with potential to exceed 400,000 boed. Total’s partners in the Waha concessions include NOC (59.18%), ConocoPhilips (16.33%) and Hess Corp. (8.16%).

Schlumberger has secured an engineering and supply contract from Noble Energy for a 2,000-ton, single-lift process module. The process module is to be installed on the Leviathan platform, in the Eastern Mediterranean, to recover monoethylene glycol (MEG) used for hydrate inhibition. Under terms of the contract, Schlumberger will provide pretreatment, salt removal and regeneration of MEG for reinjection in the subsea flowlines. The announcement follows Noble Energy’s recent contract award to OneSubsea, a Schlumberger company, for the provision of 10,000-psi horizontal production trees, tree-mounted controls and topside controls for the Leviathan project.

TAQA has re-awarded two five-year contracts to Sparrows Group for the provision of crane operations, maintenance, rigging lofts and fixed lifting inspection services for its UKCS assets. Under terms of the first contract, Sparrows will supply comprehensive crane operations and maintenance services. The scope of work includes crane upgrade projects, structural analysis of crane booms; re-engineering of obsolete components; assembly; and modification and improvement schemes. Likewise, the second contract will see the delivery of rigging lofts and fixed lifting inspection services, including all related equipment and management, maintenance and equipment testing, inspection support, and technical support services.

Hexion Inc.’s oilfield technology group has completed a resin-coated proppant manufacturing plant expansion in Alberta, Canada. The plant was constructed in Sturgeon County, just north of Fort Saskatchewan, Alberta, and has significantly increased the company’s capacity and logistics means. With the expansion, the plant reportedly can now accommodate over 100 rail cars, maximizing its manufacturing and delivery capabilities to better meet the needs of its West Canadian customers.

SignalFire Telemetry has relocated its corporate headquarters in Marlborough, Mass. The new, larger facility features a high-tech system-integration training center. With more than 15,000 ft2, the company’s new location is expected to better meet demand through an extended design and manufacturing footprint. According to SignalFire, the relocation will support growth of its wireless-monitoring product lines, as well as enhance its customer support and training services.

Offspring International (OIL), a supplier of mooring and offloading systems, has inked an agreement with the oil and marine division of Manuli Hydraulics for the provision of single- and double-carcass floating marine and submarine hoses, dock hoses and long-length conduit hoses for offloading at SPM and CBM terminals, and shuttle tankers. 

Bibby Offshore employed its diving support vessel, Bibby Topaz, to complete a £2-million service contract at BP’s Rhum gas field, about 236 mi northeast of Aberdeen, Scotland. The repair and maintenance services performed included control system low-insulation resistance diagnostics and component replacements, manual valve operations, and ROV inspection works on the Bruce platform, about 27 mi south of Rhum field.

McDermott International has secured a detailed engineering and long-lead procurement services contract for the Cassia C compression platform, about 40 mi off the southeastern coast of Trinidad and Tobago. The contract was awarded by BP Trinidad & Tobago, LLC. Under terms of the agreement, McDermott will employ the PLM module from its new digital platform, Gemini XD, to supply advanced technology through project execution and the development of a digital twin of the complete system. According to a release, the company’s Houston-based team will lead execution of the project with support from its engineering center in Chennai, India.

Devon Energy Corp. has reported that it will divest the southern portion of its Barnett shale acreage for $553 million. The divestiture reportedly is part of the company’s 2020 Vision. According to a release, Devon’s remaining Barnett shale assets are in Denton, Wise and Tarrant counties, with a daily production rate of 680 MMcfe.

Anadarko Petroleum Corp. announced that it has received approval from the government of Mozambique for the development of Golfinho/Atum field, in Offshore Area 1. The plan for development of  Mozambique’s first onshore LNG project consists of two LNG trains, with a total capacity of 12.88 MTPA. It will deliver initial volumes of about 100 MMcfd for domestic use in Mozambique. The approved development plan reportedly is a framework of the integrated project, from the reservoir to the LNG market.

About the Authors
Emily Querubin
World Oil
Emily Querubin Emily.Querubin@worldoil.com
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