Ardyne, provider of innovative plug and abandonment and slot recovery technology, has saved more than a day of rig time on a planned three-and-a-half day operation and improved efficiencies by thirty-five percent for UK-based operator Fairfield, with the help of its unique Casing Recovery Toolbox.
Offshore Technology News
The first full scale prototype of a subsea variable speed drive has been successfully tested in a sheltered harbor in Vaasa, Finland, taking the vision of an all-electric subsea processing facility one step closer to reality. A variable speed drive is needed to boost the productivity of oil and gas processes and improve energy efficiency, while providing the highest reliability.
ABB will provide Woodside, Australia's largest independent oil and gas company, with a PowerStore Battery storage system that is capable of remote management of operations and service. The system will be installed on the Goodwyn A platform. This innovative ABB solution will contribute to Woodside's 2020 goal of reducing carbon emissions and will help lower cost of operations and maintenance.
Add Energy, an international energy consultancy provider, has partnered with Transborders Energy (TBE) and joined forces with TechnipFMC and MODEC to create a unique and fast deployment business model for the FLNG (floating liquefied natural gas) industry that will free up small-scale stranded resources around the world and establish a new concept in global gas field development.
As offshore oil and gas operations strive to boost productivity and increase revenue while ensuring the safety and security of workers, the industry, like many others, is turning to data capture and analytics to increase visibility and drive efficiency.
Siemens is utilizing its digitalization knowledge and experience and applying it to the oil and gas production industry with its Topsides 4.0 solution. Underpinned by secure communications and centered around the key modules of compression, power generation, power distribution, and automation, Siemens Topsides 4.0 offers a digital lifecycle solution to offshore production facilities.
The oil price collapse of 2014 triggered a wave of cost reduction among upstream businesses. Global oil and gas companies slashed capital expenditures by about 40% between 2014 and 2016. This delivered a clear message: everyone in the supply chain must advance cost reduction strategies for the offshore industry in order to remain competitive.
Husky Energy has awarded Wood Group a multi-million dollar contract to complete detailed engineering for the topsides of White Rose, a concrete gravity-based structure wellhead platform planned for offshore eastern Canada. The project includes procurement services and engineering design work.
The award-winning DAV MX circulating sub from Churchill Drilling Tools, an oilfield service company specializing in drilling innovation, has been successfully used to significantly cut process time and costs for two challenging deepwater cementing operations, without compromising string functionality.
Husky Energy is moving forward with the West White Rose Project offshore Newfoundland and Labrador. The company and its partners will use a fixed wellhead platform tied back to the SeaRose floating production, storage and offloading (FPSO) vessel. The platform, which has received regulatory approval, will enable the Company to maximize resource recovery.