Issue: April 2018

Special Focus

OTC commemorates 50 years in Houston

The Offshore Technology Conference (OTC), the offshore oil and gas industry’s largest equipment exhibition, is celebrating its 50th edition this year.

OTC Spotlight on New Technology Awards: Offshore industry innovates despite muted activity

Offshore investments may still be slow to accelerate, but that hasn’t stopped companies from ramping up R&D efforts to create a safer, more efficient and more productive offshore industry.

Technical advances solve a variety of offshore problems

As was the case last year, nearly all of this group of new technologies and next-generation improvements on existing products remains split between drilling and production applications.

Planning and operating a duo-lateral well in Mittelplate oil field

Germany’s largest oil field, operated by DEA Deutsche Erdoel AG, sits in a national park and UNESCO World Heritage site, with development drilling restricted to one existing island.

Geosteering solutions land wellbore and maintain lateral in deepwater target

Engineered drilling solutions combined with real-time visualization software, land a deepwater wellbore in the reservoir, drilling laterally 100% within the pay-zone and geostopping above the oil water contact, ensuring maximum production.

Collaboration leads to successful application of new drill bit design

An example of a cooperative relationship was demonstrated when Ulterra, a producer of PDC drill bits, and a large independent E&P company—operating in the Eagle Ford shale—combined forces to examine ways to improve performance.

Regional Report: Gulf of Mexico

Push comes to shove, as activity ebbs

What’s new in well logging and formation evaluation

In 2017, the big news in the logging and formation evaluation industry was the completion in July of the successful merger of Baker Hughes and GE Oil & Gas to form BHGE, which comes on the heels of the unsuccessful effort by Halliburton to purchase Baker Hughes in 2016.

Shaletech: Permian Basin

Soaring drilling, production block out irritants

Digitization and data analytics will impact upstream operations favorably

On June 13, 2014, the cost of a barrel of West Texas Intermediate stood at $107.49. That year, budgeted, worldwide capital expenditures in the oil and gas industry would approach a record $520 billion. The future looked bright.

Investing in predictive analytics derives true value

As the oil and gas (O&G) industry emerges from the recent downtown, executives are looking for innovative ways to promote growth.

First oil

Is it “transparency” on the GOM, or is it something else.

Energy issues

Mixed message on offshore.

What’s new in exploration

Things certain in life: Death, taxes and risk in exploration.

Drilling advances

Home cooking.

What’s new in production

The Great East Japan Earthquake and MH 21.

Offshore in depth

Mixed messages from the Gulf of Mexico.

Executive viewpoint

Offshore energy: Produce today, don’t panic tomorrow.

The last barrel

Optimism springs eternal
News & Resources

World of oil and gas

Concho Resources’ acquisition forms Permian’s largest unconventional shale producer.

Industry at a glance

In March, downward pressure on oil prices was applied by consecutive gains in U.S. inventory, capped by a weekly surge of 5.32 MMbbl in late March.

Companies in the news

Deep Sea Mooring (DSM) has announced that it is now carrying out operations for Maersk Drilling in Trinidad.

New products and services

GE and Noble Corp. have launched a digital drilling vessel, targeted to achieve 20% operational expenditure reduction across the targeted equipment and improving drilling efficiency.

People in the industry

Apache Corp. has named David Pursell as senior V.P. of planning and energy fundamentals.
Port Fouchon 2018

The U.S. needs a vibrant Port Fourchon

President Donald Trump’s State of the Union address on Jan. 30 hit home with those of us who see Port Fourchon as an essential component of the nation’s long-term energy security.

Designing a future with “holistic resilience”

With rigs on standby, awaiting active duty in the deepwater Gulf of Mexico (GOM), the management of southern Louisiana’s resilient Port Fourchon is locked firmly in the visionary mode.

Construction to begin on next leg of LA-1

With construction set to commence on the next segment, fingers are crossed that President Donald Trump’s sweeping infrastructure initiative will provide some of the funding necessary to complete the 19-mi elevated Louisiana Highway 1 (LA-1) thoroughfare to Port Fourchon.
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