offshore

Jumbo Maritime's heavy-lift crane vessel Fairplayer completed the work.

This paper describes a low-impact, nonaqueous drilling fluid (LIDF) designed to minimize equivalent circulating density (ECD) increases and associated risks in deep water by reducing the effect of cold temperature on fluid viscosity.

The charter agreement for the LNG-propulsion vessels is in line with Total’s Climate Ambition and will cut down on several emissions.

The number of units that have been cold stacked since 2016 are in the double digits. Reactivation costs for these rigs range from $40 million to $100 million. Given current rates and contract durations, most of these are unlikely to return to work.

In an updated projection, Rystad said that a breakeven of only $50/bbl is needed to produce 100 million BOPD in 2025, reflecting the reduction in oil-production costs.

DNV GL and floating production, storage, and offloading (FPSO) vessel specialist Bluewater are undertaking a pilot project to use hybrid digital twin technology to predict and analyze fatigue in the hull of an FPSO in the North Sea.

Akers BP said it will use lessons learned from the pilot and scale the remote-assist concept across its assets.

The FPSO will be capable of processing 90,000 B/D of crude, 75 million ft3/D, 120,000 B/D of water injection, and a storage capacity of 900,000 bbl of crude oil. First oil is planned for 2021.

With oil prices still low, Hess decided to sell a stake in one offshore project to help pay to develop a much larger one.

Equinor plans to cut its global exploration staff by 30% in the next 3 years and plans to drill 30–40 wells globally this year. Ongoing labor strikes have led to the operator shutting in four of its platforms.