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Prosafe SE: Safe Notos contract extension with Petrobras

Prosafe SE: Safe Notos contract extension with Petrobras   Prosafe has signed a contract extension with Petrobras Netherlands B.V. (‘Petrobras’) for the provision of the Safe Notos semi-submersible vessel for safety and maintenance support offshore Brazil. The original three years and 222-day firm period was due to complete in July 2020, but the extension will result in o...

“The View from Down Under” - Australia Energy Review November 2020

“The View from Down Under” - Australia Energy Review November 2020   G’day from Perth! As with the rest of the planet, COVID has had a massive impact on the ANZ region, up to now Australia and New Zealand have done very well in terms of low infection numbers, however we are watching events unfold in Melbourne with concern. Onshore and Offshore rig activity has taken a severe blow, 2020 is pretty much a write off. Rig count had been slowly recovering from the low p...

Digital Transformation: The Next Frontier in Oil & Gas

Digital Transformation: The Next Frontier in Oil & Gas   Even before the pandemic and the crash in prices, the oil and gas industry had started to recognise that digitalisation would be the next big transformation in the sector notorious for its boom-and-bust cycles. Companies had started to adopt various innovative digital solutions such as virtual reality, data analytics, and predictive maintenance analytics to boost efficiency and reduce costs. This year’s COVID-19 cri...

Respecting the hierarchy of data

Respecting the hierarchy of data By Andy Powrie, CTO, Arnlea Systems   Issue: If we share data, other companies will know what we do This is at the heart of every digital transformation conversation had in every Energy business worldwide. If we let suppliers share anonymised data, won’t people work out it’s really us and have a competitive advantage?  It’s the most circular and often frustrating argument because it doesn’t go anywhere. It’s...

Automated reporting analytics, benchmarking and drilling performance

Automated reporting analytics, benchmarking and drilling performance   Building on the move into the world of WITSML and operational state detection, Independent Data Services (IDS) released DPM (Drilling Performance Monitoring) in 2018, re-processing WITSML data to deliver detailed drilling performance KPI’s and benchmarks via on-line dashboards. The DPM fully complements the analysis of daily report (‘static’) data by underpinning the DDR narrative with a detail...

An agile transformation - Stena Drilling

An agile transformation - Stena Drilling   ‘People & Process’ Eat Technology for Breakfast Digital business transformation is a diverse and widely documented topic. Thousands of books and technical papers have been written in recent years, covering both successful and failed transformations. With an abundance of literature available, many companies still struggle with the million-dollar question, ‘where to start’. Contrary to common understanding, Dig...

The latest oil and gas update from OGV

The latest oil and gas update from OGV   Touchstone Exploration Inc on Tuesday raised US$30mln via a share placing with the funds earmarked to advance ongoing and successful programmes within the Ortoire project. The Trinidad oil and gas firm is issuing 24.29mln new shares priced at 95p each to institutional and other investors in the United Kingdom and Canada. Three successful exploration wells have so far been drilled at Ortoire - Coho, Cascadura and Chinook - and a fourth, Casca...

Wood Mackenzie lowers forecasts for world oil consumption

Wood Mackenzie lowers forecasts for world oil consumption   The emergence of the new round of restrictions caused by COVID-19 in Europe, and signs of economic weakness in some other countries including the US, have prompted Wood Mackenzie’s analysts to revise down their forecasts for world oil consumption in the last quarter of 2020 and the first of 2021, Trend reports. Demand is now expected to be about 94.3 million barrels a day in the current quarter, down about 6 percent...

BP hydrogen and offshore wind investments are on their way

BP hydrogen and offshore wind investments are on their way   CEO Bernard Looney said that the company is preparing to make its first moves imminently. BP hydrogen and offshore wind investments are preparing to be made in the very near future. In fact, bids are expected during the next six months with a particular focus on H2 activity, according to the CEO of the major oil company, Bernard Looney. Looney discussed the company’s intentions to “probably” bid on of...

Two companies form exclusive alliance to create unified global service

Two companies form exclusive alliance to create unified global service   Pentagon Freight Services and TLC SA Transportation Logistic Consulting have formed a strategic alliance in order to enhance the range and reach of their service. The partnership between the two companies allows them to pool their combined resources, giving both a means of representation in countries where they do not currently have a presence.  TLC, headquartered in Switzerland and founded in 2001, ha...

Quensh announces expansion as it launches new recruitment service

Quensh announces expansion as it launches new recruitment service   A leading HSEQ based consultancy has announced the creation of a new recruitment division to expand their range of HSEQ services as part of an ambitious growth strategy. Quensh HSEQ Specialists, which operates from bases in Aberdeen and Perth, Western Australia, has appointed Andy Brodie as its new Head of Resourcing. Mr Brodie will head up the brand-new recruitment service supporting diversification into new marke...

How Total and BP are leading the green energy charge among oil majors

How Total and BP are leading the green energy charge among oil majors   Should oil companies be investing in solar, wind, battery technology and networks of electric vehicle charging stations? Maybe, in the broader view of themselves as energy companies. And especially if the consumer shifts to EVs faster than expected, crushing demand for transportation fuels. It comes down to whether they’re focused on the product or the customer. If the customer is demanding different k...

Covid delays first gas at Tyra to 2023

Covid delays first gas at Tyra to 2023   The start-up of the Total-operated Tyra Redevelopment Project in the Danish Sector of the North Sea is now expected in the second quarter of 2023, and not in 2022, Noreco, a partner in the project, said Friday. "Due to COVID-19, local governmental imposed restrictions at the fabrication yards have impacted the schedule of the new Tyra topsides, including through the global supply chain delivering key components for the topsides," N...

Giant sees potential in North Sea gas prospect

Giant sees potential in North Sea gas prospect   North Sea-focused Deltic Energy has received a boost after Royal Dutch Shell showed renewed interest in a prospect that it brought to the oil giant’s attention. Deltic turned heads in the industry last year when Shell decided to buy in to acreage containing the Pensacola prospect – but then found the plunge in oil and gas prices triggered by coronavirus posed challenges. With firms that operate in the North Sea cutting...

The COVID-19 Pandemic is Shaking Up Energy Markets in the Western Hemisphere

The COVID-19 Pandemic is Shaking Up Energy Markets in the Western Hemisphere   The COVID-19 pandemic may be doing what persistently low oil prices couldn’t—sparking the long-awaited merger mania in the American Oil Patch. In late October, ConocoPhillips said it would buy Concho Resources in an all-stock deal worth $9.7 billion, making it the largest shale deal since the pandemic began. Like other majors, ConocoPhillips wants to strengthen its position in the prolific Pe...

New Kongsberg – MySep alliance

New Kongsberg – MySep alliance   Kongsberg Digital AS and MySep Pte Ltd have formed an alliance to provide fully rigorous separator modelling within K-Spice® dynamic simulation tool, the process twin in the Kognitwin Energy solution.  Customers with process optimisation or operator training requirements will be able to license MySep Engine directly from Kongsberg Digital. The Kongsberg - MySep alliance brings development of links between the K-Spice® simulator an...

OGUK responds to extension of furlough scheme

OGUK responds to extension of furlough scheme   Commenting on the Chancellor’s announcement today that the furlough scheme will be extended until the end of March 2021, OGUK’s workforce engagement and skills manager, Dr Alix Thom said: “We welcome the support the Chancellor is providing today as it may provide a vital lifeline to many of our members enabling them to retain hundreds of workers in our industry whose skills and capabilities we will need to deliver de...

Iberdrola to invest £67 billion in 'energy revolution' by 2025

Iberdrola to invest £67 billion in 'energy revolution' by 2025   Spanish wind energy group Iberdrola plans to invest 75 billion euros (67.7 billion pounds) in its renewable energy production, grids and retail operations by 2025 to capitalise on growing global demand for clean power, it said on Thursday. Countries and companies the world over are seeking to cut emissions to combat climate change, buoying renewables-focused companies including Iberdrola. Pursuing the...

Texas Oil Industry May Have Left The Worst Of The Downturn Behind

Texas Oil Industry May Have Left The Worst Of The Downturn Behind   Although the Texas upstream oil and gas industry remained in contraction in the third quarter, signs have emerged in employment and rig counts that the sector may have already seen the worst of the downturn and could be headed to recovery, the Texas Alliance of Energy Producers said in its latest Texas Petro Index (TPI) this week. The exploration and production activity index in Texas declined for the 19th month in...

Knocked down by COVID-19, does US oil and gas have the juice to rally again? Fuel for Thought

Knocked down by COVID-19, does US oil and gas have the juice to rally again? Fuel for Thought   The US oil and gas industry is flat on its back, with the fewest rigs in the field since consistent records were kept. The shale boom — an all-American oil and gas frenzy fueled with cheap money funding pricey horizontal drilling rigs that produced record supply — is now a bust, cut off at the knees as the world retreats into its living room to wait out the coronavirus pandem...
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