Siemens is planning to bring to market the first complete electrical power solution for subsea factories by June 2016, Are Dahl, Director of Siemens’ oil and gas subsea solutions division told Upstream Intelligence.
Oil and gas operators like Hess, ConocoPhillips and Anadarko are increasingly turning to digital oilfield technology as being the key to weathering the current oil price environment and allowing them to emerge with more efficient, streamlined operations.
The cost of project management on offshore exploration projects has risen 20% in the past two years and will rise further as operators drill more complex projects in deeper waters, Performance Forum, a study group made up of major oil companies, said in a report.
Industry experts at the 2nd Annual Well Integrity and Lifecycle Management Conference in Houston, Texas, USA on June 16 and 17 will provide invaluable insights into the critical challenges facing well integrity management.
Do you get sick of hearing the offshore industry buzz words, like asset integrity, over and over again? Like many of us, offshore structural engineers are regularly caught up in buzz words which lack the real technical, high-level application which is critical to their role.
Royal Dutch Shell’s $70 billion acquisition of BG, announced on April 8, will help the former to boost reserves. But the deal will also give the combined company a production pipeline of 40 million tonnes of LNG a year, which makes up about 16% of the global LNG market, making it a global leader in the space.
The Gulf of Mexico remains a key production hub for operators, offering high margin barrels. The region has benefitted from a large number of projects coming on-stream over 2014 and the first half of 2015, and new projects ramping up will continue to support growth through the first half of 2015, according to Virendra Chauhan, oil analyst at London-based consultancy Energy Aspects.