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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

Origin in $1.2bn Contact sale

Australian player to sells interest in New Zealand utility but keeps upstream assets in the country

Oil prices inch higher

Analysts warn oil could dip near lows touched earlier this year despite rises in early trade

SapuraKencana targeting Brunei

Malaysian player forms joint venture company targeting oil and gas industry

Oil & gas job losses continue to mount

More than 176,000 positions have been lost this year, recruitment firm says, as more layoffs disclosed

Podcast: Apache Makes a Splash

This week on The Bit we look at a new entrant into the emerging Goodland Lime unconventional play and a tragedy in Oklahoma

Noble halts Marcellus drilling

Independent waiting for better natural gas prices before restarting operations

QEP to cut Oklahoma jobs

US independent slashes workforce as it reports second-quarter losses

Chevron: No Big Foot output until 2018

Delayed tension-leg platform may not produce for two years or more

Industry groups blast US Clean Power Plan

America's Natural Gas Alliance says new rule creates 'false choice' between natural gas, renewables

Second Iraq NOC official shot dead

Chief engineer gunned down on way to work weeks after predecessor shot dead

Emerald teams up in Bakken

Bakken junior brings in Koch Exploration for development drilling

Brazilian police collar Dirceu

Chief-of-staff in Lula government arrested at his home as part of Operation Car Wash

Shares rally as KRG hatches payment deal

New agreement sees reversal in oil players' fortunes after shares earlier slid on pipeline blast disruption

Noble sees red in Q2

Slashed revenues and higher costs send US independent to a loss in second quarter

DSME in 'fat Cat-D claim'

South Korean yard 'in $855m demand against Songa due to faulty design' on delayed newbuild rigs: report

Kosmos dives to loss as sales slashed

Dallas-based player sinks into the red on low oil price, slumping sales and derivatives loss

Norway slices for Lime

Rex-owned player to acquire Norwegian Sea licence stakes in deal with EnQuest

BW ‘nets $300m EGAS deal’

Singapore-based vessel owner to provide Egypt with import facility in multi-year contract, report says

Fugro nabs BG Honduras survey deal

Vessel owner already started work on contract scouring Patuca basin on UK player’s frontier acreage

Diamond defies rough market

US rig contractor secures new charter as it maintains stable profits in Q2

Ceona in Angola tie-up

UK contractor joins forces with local player to target subsea installation work off West African country

Atlantic eyes possible sale

Cash-strapped Faroese player in strategic review as it struggles to meet financial commitments

Searcher fails to find work

Transocean lays up another rig off Norway as drilling market slump takes toll on fleet utilisation of contractor

Output starts at second Iracema FPSO

First oil produced from the Cidade de Itaguai floater off the coast of Brazil

Gazprom feeling heat from independents

Gas monopoly facing challenges in Russia as other players aggressively target its domestic market share

Archer wields jobs axe

Further workforce cuts as drilling services player feels financial pain of market slump

Chevron could face LNG delays in Oz

Gorgon and Wheatstone still on track but schedules for both are facing pressure

Circle plugs Moroccan well

Disappointing results from onshore well despite gas shows while drilling

Iran resumes Turkey gas flows

Natural gas starts to flow again following pipeline explosion caused by saboteurs last week

Oil continues to fall

Brent hits its lowest level since early February while US crude drops to a four-month low

First Donggi Senoro gas ships

LNG cargo from Indonesian project released and headed for the Arun terminal in Sumatra

Petro-king wins contracts

Oilfield service provider handed work from two customers worth a combined $7.7 million

Cooper in Sole gas sales agreement

Deal struck for the supply of gas from proposed offshore project off the coast of Victoria

Otto drilling off the Philippines

Exploration well expected to hit primary target reservoir within the next two weeks

Enoc catches Dragon with higher offer

Dubai-based player secures majority shareholder support with increased bid for Irish outfit

Petrobras pauses for thought on Jupiter

Appraisal work put on back burner as company extends process to declare commerciality

Basic eyes acquisitions with PE funding

Services player cashes up in deal with Quantum Energy Partners ahead of expected market consolidation

US rig count dips by two

Number of rigs chasing oil grows by five while number of gas rigs falls by seven

Chevron flows hit by Wafra shutdown

Supermajor's production declines fueled by loss of production from Neutral zone field

Shell icebreaker heads to Arctic

Protesters end standoff as Shell begins drilling at Chukchi prospect

ExxonMobil eyes more Guyana wells

US giant says ‘watch this space’ as it lines up further drilling plans on contentions block following Liza oil find

ExxonMobil profit slashed in Q2

US supermajor sees bottom line chopped in second quarter on continued low oil price

Trio prep for Foz do Amazonas drill drive

Total, BP and QGEP first operators to submit drilling plans for offshore Brazil basin

Chevron hit by impairments

US supermajor's bottom line smashed by charges as oil price stays low

Imperial profits plunge

ExxonMobil-connected Canadian player sees second-quarter results slashed amid low oil prices

Apache splashes into Goodland Lime

US independent enters emerging East Texas play with purchase of lease package

Afren files for administration

Cash-strapped UK explorer appoints administrator after failing to get financial backing

Empyrean targets more Sugarloaf wells

Australian junior to continue drilling and appraisal operations throughout the year with new drawdown funding

Enoc extends Dragon offer

Dubai-owned player only gets small minority shareholders acceptance so far

Sinopec ‘to relocate staff’

Chinese state player aiming to cut costs by moving international employees home: report

Cosco Corp dips into red

Lower marine engineering and dry-bulk revenues send Singaporean builder to loss in second quarter

Total taking PNG block reins

French giant assumes operatorship of PRL15 from InterOil as they move towards Papua LNG FID

Arup joins marginal field initiative

Engineering group signs up to the consortium looking to make smaller development projects commercial amid low oil price

CGG narrow loss

French seismic player to make further spending reductions amid falling oil prices

Profit, production up at BG

Shell takeover target boosts bottom line on asset sales and shoots for upper end of output range

Three in race for ADOC’s Hail development job

Operator studying bids from trio for project off United Arab Emirates

Savannah inks new Niger PSC deal

UK junior gets two more blocks in Agadim rift basin and sets sights on six commitment wells

M&P sees sales, output slip

Falling oil price slashed French player’s top line with issues affecting Gabon flows in first half

Offshore well planned in Japan

Inpex tasked with drilling offshore well as part of government programme to find domestic oil and gas

South Korean trio suffer big losses

Daewoo, Hyundai and Samsung have reported major losses for the second quarter

Pryce is right for Philippines well

Local company farms in for 10% interest in large Hawkeye-1 oil well which is about to spud

Vantage denies role in Brazil bribes

Houston-based driller responds to reports in Brazil media about contracting of rig

Suncor triples profits, slashes spending

Canadian giant increases income and production but cost-cutting still priority

Cheniere signs deal for Corpus Christi gas

Houston-based player signs LNG sale and purchase agreement with Central El Campesino in Chile

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...)