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Industry Alerts!

Crude oil leaks in Arkansas suburb after ExxonMobil pipeline ruptures - An ExxonMobil pipeline rupture near Little Rock, Ark., Friday evening (3/29/2013) has resulted in a “major oil spill,” according to the Environmental Protection Agency. Up to 10,000 barrels sprang from the pipeline, according to an incident report filed to the National Response Center by ExxonMobil early Saturday morning. Twenty-two residents were evacuated from their homes, according to a statement on the ExxonMobil website. (more...)

Featured Article of the Month

Different types of oilfield emulsions.

In oilfield, emulsion most commonly refers to water droplets in a continuous oil phase, which is also called water-in-oil (W/O) emulsions. Other types of emulsions include oil-in-water (O/W) emulsions (oil droplets in a continuous water phase, sometimes referred to as “reverse” emulsions), and multiple emulsions (e.g. water droplets suspended in larger oil droplets that in turn are suspended in a continuous water phase). Emulsion formation can drastically increase the bulk fluid viscosity.

Since oil is typically co-produced with water, emulsions can be encountered in almost all phases of oil production and processing: inside the reservoirs, wellbores, wellheads, and wet crude-handling facilities; transportation through pipelines and crude storage; and during petroleum processing. The formation of emulsions during oil production is a costly problem, both in terms of chemicals used for processing to meet product quality and lost production due to emulsion incurred processing system shut-down or increased pressure drop due to increased viscosity. (more...)

Featured Company of the Month

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Halliburton (pronounced /ˈhælɨbɜrtən/; NYSEHAL) is the world's second largest oilfield services corporation with operations in more than 70 countries. It has hundreds of subsidiaries, affiliates, branches, brands and divisions worldwide and employs over 50,000 people.

The company has headquarters in the North Belt office in Houston, Texas, and in offices in Dubai, United Arab Emirates (opened March 2007), where Chairman and CEO David J. Lesar works and resides, "to focus [the] company’s Eastern Hemisphere Growth." The company will remain incorporated in the United States.

Halliburton's major business segment is the Energy Services Group (ESG). ESG provides technical products and services for petroleum and natural gas exploration and production. Halliburton's former subsidiary, KBR, is a major construction company of refineries, oil fields, pipelines, and chemical plants. Halliburton announced on April 5, 2007 that it had finally broken ties with KBR, which had been its contracting, engineering and construction unit as a part of the company for 44 years.(more...)

Industry Headlines

Upstream RSS

Latest news from Upstream Online

IKM makes consultancy buy

Norway’s IKM Consultants is making waves in the subsea market as it acquires a compatriot company from engineering giant Siemens.

ExxonMobil, NNPC consider bonds

US supermajor and Nigerian partner may look at bond market to raise cash from 2016

Brazil sets pre-salt auction for October

Brazil regulators have scheduled the nation's first bidding round for pre-salt oil acreage under a new production-sharing regime, bumping up the expected date a month to October, according to official documents.

Marathon axes Athabasca sale talks

Marathon Oil has failed in its bid to offload a large chunk of its holdings in a Canadian oil sands project after it could not reach an agreement with an interested buyer.

FMC wins Shell's Stones gig

US contractor FMC Technologies has scooped what is likely to be a lucrative subsea contract from Shell for work at a large Gulf of Mexico play.

Statoil evacuates Karsto on leak fear

Statoil has evacuated a gas processing plant in Norway on fears of a possible leak at the facility, according to a report.

Gazpromneft eyes Badra well sextet

Russian state oil producer Gazpromneft has issued a new tender to drill six oil wells at the Badra oil field in southeastern Iraq.

Otto readying for Galoc campaign

Australia's Otto Energy is preparing to drill two development wells at the offshore Galoc field in the Philippines.

Nighthawk hits oil in Colorado

US-focused Nighthawk Energy is advancing on plans to bring a well on stream this month after hitting about 32 feet of gross oil pay while drilling on its Smoky Hill project in Colorado.

Falcon Oil & Gas hires driller for Hungary wells

Irish junior Falcon Oil & Gas has hired Germany’s DrillTec for a three-well exploration programme due to start next month in Hungary.

Salamander down despite oil, gas shows

Salamander Energy has hit gas and oil at its latest exploration well off Indonesia but high pressure has prevented a full evaluation of the play.

US Oil & Gas posts Hot Creek oil resources

Minnow US Oil & Gas has said a new competent person’s report has pegged 19 million barrels in contingent resources at its Hot Creek Valley acreage in Nye County, Nevada.

Wood Group grabs Gulf of Mexico gig

Wood Group PSN has secured a five-year operations and maintenance contract from US independent Hess in the Gulf of Mexico.

EMGS and TGS link up in Europe

Norway’s Electromagnetic Geoservices (EMGS) is teaming up with seismic contractor TGS to develop joint multi-client projects in areas of north-western Europe.

Parkmead's Lochard buy dashes shares

Shares have slumped in both Parkmead and Lochard Energy after the former agreed a deal to buy the latter on Thursday.

Lundin fizzes out at Carlsberg

Swedish independent Lundin Petroleum has come up dry with a wildcat on its Carlsberg prospect in the North Sea, off Norway.

Technip lands Abu Dhabi gig

French engineering company Technip has been awarded a contract by Abu Dhabi Marine Operating Company (Adma-Opco) at Das Island, off the coast of Abu Dhabi in the United Arab Emirates.

Origin prepares to spud Vietnam well

Australia's Origin Energy is preparing to spud an exploration well on the Whale prospect on Block 121, off the coast of Vietnam.

Brent slips below $102

Brent crude futures slipped below $102 per barrel on Thursday as fresh data from China cast doubt on the strength of recovery in the world's second-biggest oil consumer and the dollar weighed on commodity markets.

Horizon in asset disposal

Australian independent Horizon Oil said it will reveal imminently the details on a "potential material transaction involving an asset disposal".

Rigzone.com: Latest News Headlines

The latest upstream oil and gas news from around the world.

Virginia Senators Seek to Expand Offshore Energy Leasing

Virginia Senators Mark Warner and Tim Kaine introduce legislation that would open up acreage offshore Virginia for energy leasing.

Rig Secured for Malta Area 4 Drill

Mediterranean Oil & Gas says its partner in Malta Area 4, Genel, has secured the Paul Romano rig to drill an exploration well later this year.

Brazil to Hold First Pre-Salt Oil Exploration Auction in October

Brazil will hold its first auction of pre-salt oil exploration acreage under the country's new production-sharing regime in October, one month earlier than expected.

Marathon Oil: Talks to Sell Alberta Oil Sands Stake Fall Through

Marathon Oil says discussions to sell its 20% outside-operated stake in the Athabasca Oil Sands Project in Alberta were unsuccessful and talks with a prospective buyer have been terminated.

Bridge Energy Production on Track

Bridge Energy reports that production for the first quarter was in line with expectations at 1,110 barrels of oil equivalent per day.

Gazprom Issues New Tender for Badra Oil Wells

Gazprom Neft issues a new tender to drill six oil wells at the Badra oil field in eastern Iraq.

SBM on Track for $4B Turnover in 2013

SBM Offshore expects to increase its revenue for 2013 by eight percent to $4 billion.

Lundin's Carlsberg Well Comes up Dry

Lundin Petroleum reports that well 7/4-3 on the Carlsberg prospect in the Norwegian North Sea found no hydrocarbons.

Osaka Gas Buys PNG Gas Fields

Osaka Gas buys stakes in natural gas assets in Papua New Guinea from Horizon Oil.

HRT Expects to Start Drilling Second Namibia Well in Two Weeks

HRT expects to start drilling on its second well offshore Namibia in two weeks, Chief Executive Milton Franke says.

Oil Drops as Gasoline Stocks Rise, Fed Weighs Winding Down of Stimulus

Crude futures drop 2% on a government report showing rising fuel supplies and signs that the Federal Reserve may be closer to winding down stimulus efforts.

Laredo, EnerVest Agree to Anadarko Basin Transaction

Laredo sells assets to raise capital for drilling activities in the Permian basin.

Brazil's OSX Cuts Workforce Amid Broader Reorganization

OSX Brasil has laid off more than 300 employees as part of a broader reorganization plan to reduce spending and focus on hard orders.

Delta SubSea, FMC Schilling Robotics Pen Framework Agreement

Delta SubSea enters a multi-year framework agreement with FMC Schilling Robotics.

Natural Gas Flows at Noble's Karish Discovery Offshore Israel

Noble Energy finds 1.8 Tcf of gross mean reserves of natural gas near the Tamar field.

Qatar Petroleum Takes 15% Stake in Total E&P Congo

Qatar Petroleum International and Total sign a framework of Agreement whereby QPI will participate in Total E&P Congo through its subscription to a 15% share capital increase of this company.

BP's Investment in Iraq to Reach $5B by 2016

BP plans to increase the production capacity at the Rumaila oilfield by 750,000 barrels per day and aims to increase its spending in the country to $5 billion a year, a senior exec. says.

Sudan Accused of Blocking Oil Exports

South Sudan has accused its neighbor Sudan of blocking oil flow from its Unity state.

Technip Wins Canada LNG Project

Technip is part of a consortium that has been awarded a contract for an LNG project in British Columbia.

Fabricom Moves to Bigger Aberdeen Office

Fabricom Offshore Services expands its team and moves to bigger offices in Aberdeen after less than a year in the city.

WorldOil: Current Issue

The latest news and journals from World Oil.

Companies in the news (May-2013)

Companies in the news

First Oil (May-2013)

Growth: Organic and inorganic

Innovative Thinkers (May-2013)

Fred Dupriest: Refusing to drill by the book

Offshore in depth (May-2013)

Newbuilds keep on coming: MODU ahoy!

What's new in exploration (May-2013)

Well testing overlooked in deepwater exploration?

EAGE preview: Leveraging technology to change industry frontiers (May-2013)

This year, participants at the 75th EAGE Conference and Exhibition incorporating SPE EUROPEC will have the opportunity to take a closer look at the industry’s “Changing Frontiers.” As the global population grows and energy demand increases, oil and gas players around the world are looking for new, more sophisticated ways to access and develop Earth’s natural resources. EAGE will be held June 10-13, 2013, at ExCel London.

Achieving seismic inversion without 4D logs in the North Sea’s Blake field (May-2013)

The Hit Cube matches stochastic pseudo-well synthetics to measured seismic responses, so that seismic inversion can be done without known target information and 4D difference logs.

Canadian shales shift focus to tight oil, but drilling down (May-2013)

On the heels of an upraised assessment of potential reserves, which Canada says stacks up nicely with its southern neighbor’s most prolific shale plays, tight oil is expected to play an ever-increasing role in the nation’s overall production mix. The identified liquids-rich plays in the Western Canada Sedimentary basin also have become case studies on the evolution of frac design and completion strategies in emerging unconventional plays.

Intelligent completions enable injection and production in mature field offshore Vietnam (May-2013)

IC technology was successfully applied in an offshore field, in the South China Sea, to provide an efficient water-injection method for optimizing pressure support, as well as sweep.

Drilling advances (May-2013)

Study pins down cementing gaps

Industry at a glance (May-2013)

Industry at a glance

05-13_International_Offshore_Rigs_Table_May_2013(May-2013)

International Offshore Rigs            

05-13_International_Rotary_Drilling_Rigs_Graph_May_2013.html (May-2013)

 International Rotary Drilling Rigs Graph            

05-13_Rotary_Rigs_Running_in_the_US_Table_May_2013.html (May-2013)

Rotary Rigs Running in US                               

05-13_Selected_World_Oil_Prices_Graph_May_2013 (May-2013)

Selected World Oil Prices Graph ($/bbl)                           

05-13_US_Rotary_Drilling_Rigs_Graph_May_2013 (May-2013)

US Rotary Drilling Rigs                                 

05-13_World_Oil_Production_Table_May_2013.html (May-2013)

World Oil and NGL Production                  

Effective water management requires both surface and subsurface solutions (May-2013)

An optimum water management program can be achieved by minimizing water production through subsurface technologies, and then employing field-specific surface water treatment and recycling strategies.

New products (May-2013)

New products and services

Oil and Gas in the Capitals (May-2013)

New horizons unfold in Europe

The Last Barrel (May-2013)

Bureaucrats’ environmental agendas run into turbulence

What's new in production (May-2013)

Who needs water anyway?

Single-run “mega-combo” LWD/MWD improves formation evaluation offshore Angola (May-2013)

The largest-ever suite of MWD/LWD data acquired for an ultra-deepwater well offshore Angola aided in the design of optimum BHAs and wireline programs for subsequent wells.

What’s new in artificial lift? (May-2013)

Part 1: In this first of two monthly reports, the authors review various artificial lift technologies and highlight innovations in beam/rod pumping and hydraulic piston pumps.

Interaction of drilling with social responsibility improves water access and resource utilization (May-2013)

PART 1: Drilling infrastructure could potentially improve a community’s access to water in areas with limited potable supplies, as demonstrated in California, Central America, and various other international locations.

World of Oil and Gas (May-2013)

World of Oil and Gas

Regional Report: Latin America (May-2013)

Latin America is a continent of contradictions for oil and gas activity. Brazil’s 11th licensing round and is creating excitement for both offshore and onshore activities, but the country is experiencing declining production from mature fields. Political uncertainty is clouding prospects in Venezuela and Argentina. While Colombia has passed the 1 MMbopd milestone, lack of major discoveries has subdued expectations for the local oil and gas industry.

New News information at Offshore Technology

New and updated information from News listed on offshore-technology.com

Russian firms lack experience and safety record says Greenpeace report

Russian energy giants have poor environmental and safety records, lack transparency and experience in offshore drilling, and are dependent on a Kremlin power struggle over energy policy, according to a new report by Greenpeace, Platform and ShareActi…

Today's oil prices plunge over dismal China data, firm dollar

Oil prices decreased today after China released fresh data, which painted a gloomy picture of the country's strength of recovery, while a firm dollar also added additional pressure on commodity markets, including oil.

US senators introduce bill to lift ban on drilling in Virginia

US Democratic Senators Mark Warner and Tim Kaine have introduced a new bill to lift the federal moratorium on natural oil and gas exploration and drilling off the coast of Virginia.

Oil prices slide over gasoline stockpiles, summer demand concerns in US

Oil prices plunged today, following data which showed that gasoline stockpiles increased suddenly in the US, and on concerns that peak summer demand in the world's top oil consumer may not meet expectations.

EU Parliament approves stringent oil and gas drilling legislation

The European Union (EU) Parliament has approved a new directive on the safety of offshore oil and gas operations.

Talisman Energy produces oil from HST/HSD development, Vietnam

Canada-based energy firm Talisman Energy has started oil production from its Hai Su Trang and Hai Su Den (HST/HSD) development, offshore of Vietnam.

European Parliament members support offshore oil platform safety regulations

Members of the European Parliament (MEPs) have supported new regulations to improve the safety of offshore oil and gas platforms, in spite of criticism from Green MEPs.

Santos begins oil production from Fletcher Finucane, Australia

Santos has commenced oil production from the Fletcher Finucane project in the Carnarvon Basin offshore of Western Australia, ahead of schedule.

Today's oil prices positive as supply concerns rise over Middle East tensions

Oil prices remained positive today, mainly due to supply concerns rising from escalating tensions in the Middle East, while balanced apprehensions about moderating demand growth kept prices under pressure.

Today's Brent crude steady over positive economic data, strong equity markets

Brent crude was steady today, boosted by optimistic economic data and strong equity markets, while prices were still under pressure due to a moderate outlook for demand and excess supplies.

Senator recommends US Government join EU oil price investigation

Senate Energy and Natural Resources Committee Chairman Ron Wyden has recommended that the Justice Department take part in a European Union (EU)-launched probe in relation to oil price manipulation by Shell, BP and Statoil.

Statoil wins oil and gas blocks offshore Brazil

Statoil announced that it has secured six oil and gas licences in Brazil's 11th licensing round, reinforcing its position in the Espirito Santo basin.

BP to seek British PM intervention as Gulf spill costs spiral

UK-based energy firm BP is said to be considering asking UK Prime Minister David Cameron to intervene over the spiralling cost of compensation that US companies are demanding, in connection to the damages caused by the 2010 Gulf of Mexico oil disaste…

Today's oil prices slide over demand growth concerns, firm dollar

Oil prices dipped today after the US released disappointing data, which sparked fresh concerns over demand growth. Prices also came under pressure due to a firm dollar.

Statoil acquires BP's offshore exploration licences in Australia

Statoil has signed a farm-in agreement with BP to buy a 30% equity interest in four exploration licences offshore of South Australia.

Noble secures jackup rig contract for Statoil's Mariner oil field

Switzerland-based Noble has secured a drilling contract from Statoil for a newbuild ultra-high specification jackup rig for the Mariner field in the UK sector of the North Sea.

Today's oil prices slide on weak factory data; US stockpile drop caps further fall

Oil prices fell today after data showed that US factory production had dropped unexpectedly, reducing the outlook for demand; however, a surprise reduction in US crude stockpiles helped restrict any further fall in price.

BP secures deepwater exploration blocks in bidding round in Brazil

UK-based BP, along with its partners Total, Petrobras and Petrogal, has secured exploration rights for eight deepwater blocks offshore of Brazil, in the Brazilian National Petroleum Agency's (ANP's) 11th bid round.

Today’s oil prices rise as US dollar shrinks; supply outlook caps further rise

Oil prices slipped today, due to concerns about increasing supplies from the US and a weak outlook for global demand growth.

BP to commence proposed deepwater drilling in Australia in 2015-2016

UK-based BP has announced it is planning to begin deepwater drilling off southern Australia in late 2015 or early 2016 and will obtain a drilling rig by the end of 2013.

Featured Editor of the Month

Gary.Harrison.jpg

Gary Harrison
Pipeline Technical Authority at BP


Featured Technology of the Month

Deepreach.png
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...)



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