offshore
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The Bureau of Safety and Environmental Enforcement is proposing to update regulations covering offshore oil and gas drilling operations.
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While the floating liquefied-natural-gas (FLNG) option initially looked promising, high capital expenditure and very high operational expense (OPEX) have limited its potential application, with four potential FLNG projects being canceled in Australasia in the last 2 years.
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The influx-management-envelope (IME) concept is an advanced, innovative way to assess influx conditions in managed-pressure-drilling (MPD) operations, offering an improved tool for the decision-making process.
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Sustainable cost reductions through innovation and standardization will have more of a positive effect on the offshore sector than cyclical oil-price increases, an OTC panel of industry participants agreed.
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The 50th edition of the Offshore Technology Conference kicked off with a distinguished panel representing operators and service companies evaluating the contributions of the past half century.
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Advanced AUVs with early-stage technologies for live streaming, ultrasonic testing, and 3D laser scanning are set to enter inspection trials on North Sea facilities. The aim is to reduce facilities inspection costs by 50%.
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Aquabotix’s SwarmDiver technology marks a major milestone in the growing trend toward swarm-deployed underwater vehicles.
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With presidential elections looming and energy reforms at a critical juncture, the two Latin American energy powers awarded a bevy of blocks to a who’s who of international oil companies.
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The US supermajor continues to evolve its global strategy by pulling out of once-promising Russian partnerships and adding to its offshore Guyana oil drilling bounty.
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More gas is flowing from Egyptian waters and the Eastern Mediterranean with BP’s launch of its Atoll Phase One project.