Oil & Gas News

With their innovative aluminum alloy drill pipe, OTTO FUCHS Drilling Solutions (OFDS) strikes a new path for the oil and gas industry. The leading-edge FuchsRohr AluDrill pipe is an alternative to standard steel pipes commonly used for drilling. Due to its comparatively high strength to weight, the aluminum pipe solution can be used across a wide range of subsea and downhole operations including demanding horizontal drilling.

U.S. crude oil production in the Federal Gulf of Mexico (GOM) set an annual high of 1.6 million barrels per day (b/d) in 2016, surpassing the previous high set in 2009 by 44,000 b/d. In January 2017, GOM crude oil production increased for the fourth consecutive month, reaching 1.7 million b/d. On an annual basis, oil production in the GOM is expected to continue increasing through 2018, based on forecasts in EIA’s latest Short-Term Energy Outlook (STEO).

It took an abandoned nuclear missile silo, a vast underwater laboratory and a lot of hard work. But the US space agency boldly went where it had never been before: the North Sea.

Norwegian authorities have approved the Plan for Development and Operation (PDO) of the Trestakk discovery on the Halten Bank in the Norwegian Sea. Investments are calculated at NOK 5.5 billion, almost half of the original estimate.

Alcad Vantex nickel technology batteries are delivering reliable backup power for UPS (uninterruptible power supply) systems that support critical control and safety functions on the Well Head Platform A (WHP-A) unmanned offshore oil platform operated by Cuu Long Joint Operating Company (CLJOC) in Vietnam’s Su Tu Den oil field.

Newly launched multipurpose drill ship FREJA integrates a high-performance active heave compensated drilling platform manufactured by MacArtney. The drilling setup on board the vessel has been designed to provide enhanced drilling conditions even in rough seas.

Speaking at the 40th Annual Marine/Offshore Industry Outlook Conference on March 30 in Houston, Texas, Randall Luthi, president of the National Ocean Industries Association (NOIA), gave a positive preview of what he expects from the Trump Administration in the coming months as well as a preview of NOIA’s 2017 Annual Meeting to be held April 5-7, in Washington, DC, and includes an appearance by Department of Interior Secretary Ryan Zinke.

Statoil and license partners have decided to use the semisubmersible rig Transocean Spitsbergen on three exploration wells in the UK, and then on a six-well production drilling campaign on the Aasta Hansteen license in Norway.

Fugro is to boost its marine site characterization services for the oil and gas industry in the Republic of Guyana with a new strategic alliance with Ground Structures Engineering Consultants Ltd. The new relationship will facilitate training for Guyanese citizens and support local economic development.

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