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Industry Alerts!

Gate valve bonnet failures from thermal expansion of fluids at high temperature - In a steam-assisted gravity drainage application, immediately after start-up, a gate valve bonnet failure caused a release of pressure to atmosphere. In thermal applications throughout the oil and gas industry, there have been incidents of valve failures during start-up. Resulting damage can include stretching studs and loss of pressure integrity between the body and bonnet. The main cause is pressure build-up in the gate valve cavity from thermal expansion of fluids, which was completely full and isolated. Such pressure exceeded the rated working pressure of the valve.(more...)

Featured Article of the Month

A three phase separator.

Produced well fluids typically contain a varied amount of oil, produced water, natural gas and sediment. The first step in processing these fluids is to split them up into individual components. This generally takes place at some types of separator. A three phase separator uses gravity to separate produced well fluids into gas, oil, and water phases.

Three phase separators may be designed in either vertical or horizontal configurations. In a horizontal separator, fluid enters the vessel and hits an inlet diverter. The resulting sudden change in momentum provides the initial gross separator of liquid and vapor. The liquid collection section of the vessel must provide sufficient for the oil and emulsion to form a layer or pad above the water. A weir maintains the oil level while an interface controller maintains the water level... (more...)

Featured Company of the Week

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FMC Technologies, Incorporated (NYSEFTI), is a U.S.-based oil and gas equipment and services technology company. FMC Technologies was incorporated in 2000 when FMC Corporation divested its machinery businesses. FMC has its headquarters in northern Houston, Texas.

Named by FORTUNE® Magazine as the World's Most Admired Oil and Gas Equipment, Service Company in 2012, the Company has approximately 18,400 employees and operates 30 production facilities in 16 countries. FMC Technologies designs, manufactures and services systems and products such as subsea production and processing systems, surface wellhead systems, high pressure fluid control equipment, measurement solutions, and marine loading systems for the oil and gas industry.(more...)

Featured Editor of the Month

Marc Archibald.jpg

Marc Archibald

  • Scale Specialist at Clariant Oil Services: October 2012 – Present (1 year 3 months)
  • Chemist 1 at Nalco Champion: February 2010 – September 2012 (2 years 8 months)
  • Senior Development Chemist at Clariant Oil Services: September 2001 – January 2010 (8 years 5 months)

Industry Headlines

Landbridge launches Armour takeover offer

Offer conditional on company dropping its proposed joint venture with American Energy Partners

Keppel buys Cameron's rig business

Aftermarket services also expected to provide a boost during newbuild slowdown

Oil dips in early trade

Investors take advantage of last week's rally and take profits

Fire at Saudi Aramco workers complex

At least 10 killed in blaze at residential facility used to house expats in Saudi Arabia

WA Labor promises fracking moratorium

Policy not backed by federal counterpart as upstream industry body also hits out at the plan

Eni makes elephant discovery off Egypt

Zohr discovery in 1450 metres of water could contain 30Tcf of lean gas

Swala exits Zambia

Australia-listed player also gains more time to drill Tanzanian exploration wells

Explosion at Canadian oil sands site

Operations disrupted at Syncrude Canada's Mildred Lake site but not injuries reported

Saudi Arabia leads as Gulf states escalate

Despite oil price slump, most producing Arab countries are committed to bringing new projects online

Shell puts Arctic drilling on pause

Programme temporarily stops because of rough winds along Alaska's coast

Crude continues climb

Brent swings back above $50 while WTI rises above $45

Drilling stampede to fill slots off India

Contractors offer glut of rigs to ONGC as part of two tenders for the chartering of five deep-water units

Schlumberger’s buyout proposal makes sense

Comment: Proposed takeover of Cameron is a natural progression in industry’s push for greater collaboration

EIA: US crude less vulnerable to hurricanes

US shale oil takes larger share of production as US Gulf share plummets

Former NOV employee found guilty of fraud

Binnion convicted of stealing $1 million in cash and goods including radar gun, laser, and fish

Battle for Power Nap has majors wide awake

Statoil and Shell are competing over development of the emerging deep-water field in the US Gulf

Halcon saves $550m in debt swap

US junior retires $1.57bn in exchange for new $1.02bn in new notes

Alberta royalty framework to hold till 2017

Energy minister details review of scheme for province's new left-leaning government

US rig count falls by eight

Oil rigs rise again, gas rigs drop as Baker Hughes weekly tally hits 877

Nostrum back for lower price

Central Asia-focused player looking at other options as interested party Nostrum submit another proposal

Oil steady after bounce back

Brent and US crude sitting firm after Thursday's jump following earlier slump this week

Eni probes Goliat incident

'Crane boom collision resulted in searchlight crashing onto deck of Barents Sea platform': report

Maurel & Prom in merger pact

French independent set to acquire compatriot MPI in all-stock transaction as oil price hits earnings

New NNPC man makes his mark

New head of Nigerian state player Ibe Kachikwu ploughing ahead with anti-corruption policies

Bashneft boosts profit on export fees cut

Russian oil player bolsters bottom line despite drop in revenue as export tariffs and excise drop

Lukoil takes write-off hit

Russian player’s bottom line dented by non-cash charge but production up in the first half

BW posts rise in profits

Floater owner still to book impairments on FPSO damaged in February explosion off Brazil

Sefton sues ex-chairman over bankruptcy move

Denver-based minnow accuses former executive of ‘misconduct and unlawful activities’ as it fights bankruptcy petition

Bergen Group files rig cash claim

Norwegian player in legal spat with FOE after issuing demand for "missing payment" on Borgland Dolphin upgrade amid claims

Buru hits Praslin pay

Exploration well in Western Australia's Canning basin intersects oil bearing interval

Snorre output hike meets cheers and jeers

NPD concerned production rise by operator Statoil could reduce value of ageing field off Norway

IOG mulls Skipper well options

UK player looking at possibility of contractor-funded drilling on North Sea appraisal, with licence extended

NOV axes Norway staff

900 permanent employees to be shown door as drilling equipment player faces shrinking orderbook amid market slump

Repsol gets Vietnam retention licence

Spanish player to keep hold of exploration area near its Ca Rong Do development

Oil extends gains

US crude on track to post its first weekly rise in 11 weeks

Statoil eyes Sigrun East

New North Sea wildcat on radar screen for state-run explorer off Norway

Gas compression unit heads for Cantarell field

Agosto-12 leaves CIMC Raffles yard in China for the Gulf of Mexico

UIL planning Perth basin shoot

Australian company to gather 2D seismic survey over onshore permits next year

Settlement reached in decade-long oil spill

US independent Taylor Energy to foot $400,000 for coastal research as part of agreement

Hercules de-listed from Nasdaq

Struggling jack-up owner formally booted after declaring bankruptcy

Icahn takes Freeport-McMoran stake

Financier seeks influence over capex, compensation, operations

Petrobras 'urges delay' for fuel IPO

Sour market conditions make management skittish for offering envisaged by October

Freeport doubles down on capex cut

Miner to slash spending by 29%, chop $800m from oil and gas unit

Three injured in offshore pipeline fire

Workers had been performing maintenance on line when rupture occurred off Louisiana

Oil swings to biggest gains in six years

US crude snaps back over $40 as global stocks rise

McDermott wins 'record' Aramco deal

US contractor bags its 'largest single award' in Middle East on foot of LTA deal

Shell in Nigeria oil force majeure

Supermajor declares measure on Bonny light crude after leak detected in Rivers State

OMV gets new upstream boss

Austrian player appoints from within as current E&P chief Jaap Huijskes departs earlier than expected

CIMC Enric buying SOEG

Hong Kong-listed service player inks deal to snap up Sinopacific Offshore Engineering

Seadrill stalls newbuild deliveries

Rig giant delays two-thirds of newbuilding effort as contracts dry up in drilling market slump

Profits drop for PetroChina

State-run giant feels fallout of lower crude prices in first half as it refocuses towards gas

Hoegh back in black

Revenue boost from FSRUs lifts result for Norwegian floating LNG player as more projects in the pipeline

Impairment sinks Bumi into red

Malaysian floater giant posts large quarterly loss as poor oil market leads to charge

NADL to lay up second rig

Seadrill-owned contractor also bereft of contract for newbuild semisub due for delivery this year

KRG payments 'to be made next month'

Erbil administration set to start dishing out up to $100 million for crude sales in September

Chiyoda and Emas in subsea tie-up

Contractors forge joint venture to target EPCI work on field development projects

Total sells midstream assets

French company offloads stakes in North Sea gas terminal and pipelines

Euro giants targeting PNG

Total and Repsol are committed to commercialising their resources in Papua New Guinea

Sevan faces Developer decision

Rig contractor must decide whether to further delay delivery of newbuild amid market slump and talk of possible sale

Rystad expects oil price rebound

Low price 'unsustainable' in longer term as shelved projects set to cause shortfall despite current supply glut: analyst

Noreco tightens belt amid loss

Asset disposals generate cash for Norwegian independent as it curbs exposure to field spending

Lamprell reviewing earlier strategy

UAE-based yard checking robustness of previous review in tough market as revenues and profit sink

Guilty plea in Stena Clyde case

Rig owner pleads guilty to breaching Australian legislation in incident which resulted in fatalities

Gulf Keystone loss widens

Iraqi Kurdistan-focused player sinks deeper into the red but continues talks over possible sale

Amec Foster Wheeler stays strong

Services player keeps profit steady even as soaring administrative costs eat at higher revenues

Statoil gains wildcat nod

State-owned explorer cleared for drilling at Gasol/Gretel prospect in Norwegian North Sea

Tap secures Myanmar acreage

Shallow water block lies near producing gas fields in the Moattama basin

Brent climbs more than $1

Unexpected rise in US inventories sees prices rise in early trade

Pilot gets nod to vary work programme

Operator now has until 2017 to carry out 3D shoot off Western Australia

Prosafe wins new Shell charter

Regalia flotel to be used for short stint at Anglo-Dutch operator's Brent C platform off UK

NZOG sinks to a loss

New Zealand-based company hit by impairments which offset a rise in revenue

McDermott to close Singapore office

US contractor to move regional headquarters to Kuala Lumpur by year's end in bid to grow Asia business

Golar LNG in Brazil power talks

Golar could provide FSRU to supply electric power station, grid in future

Oil drops on products build

Huge draws on crude stockpiles offset by rise in gasoline, distillates

US shale gas output to see first drop

EIA sees cumulative gas production falling, though Utica expected to remain strong

Featured Technology of the Week

Halliburton's DeepReach™ Coiled Tubing Servic uses multiple outer diameter coiled tubing sections in a single string with larger OD sections near the top of the string and smaller OD sections near the bottom.With this arrangement, the tension along the string length is reduced while sufficient flow capacity is retained for performing well intervention operations.

Tapered OD Makes the Difference

The vertical depth capability of conventional coiled tubing is limited because as the length of the tubing string increases in the well, the string’s total weight also increases; therefore, the capability of a conventional CT string to perform ultra-deep work depends primarily on the string’s total hanging weight and the yield strength of the parent metal. If the hanging weight exceeds the pipe’s yield strength, a string separation can occur. Since a tapered coiled tubing string is lighter in weight (compared to a single string of the largest diameter) and its design provides greater strength at the upper end of string, operators can realize up to a 30 percent increase in depth capability over conventional CT strings.

Key Enabling Technologies

Multiple technologies were developed to enable DeepReach coiled tubing to be used in deep well operations. These technologies

include 1) the CT transition joints, 2) Boots & Coots V-Block® gripper design, (more...)