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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

Hess dives into the red

US independent books large impairment and sees sales plunge and costs increase

Dynamic confirms Aramco LTA deal

Confirmation of contract leaves just Saipem to speak up on lucrative awards in Saudi Arabia

SembMarine profit drops

Reduced rig building activity sends Singaporean yard’s net profit and revenues down, but other units stronger

Novatek profit jumps on liquids output

Russian player posts stronger profit and revenue as oil production increases, despite gas output drop

Marathon, OMV return Croatia blocks

Austrian state player and US independent hand back plethora of offshore licences

Sea Trucks in Permaducto Mexico charter

Dutch player to send its vessel Jascon 31 to work on Pemex project in Gulf of Mexico

Refining helps Total in Q2

French supemajor keeps profit drop to a minimum with high refining sales and higher output

Subsea 7 cuts staff as profit chopped

Services giant to let thousands of jobs and some vessels go as its numbers slip on poor market

Tullow cuts losses in first half

Anglo-Irish independent still mired in the red as it seeks $500 million of savings in three years

Statoil starts Gullfaks South flows

Norwegian’s project to increase output from area in North Sea by around 65 million barrels of oil

LGO hits more Trinidad pay

London-listed player continues its expanding C-sands drilling programme

Total in $876m West of Shetland sale

SSE E&P UK takes sizeable stake in numerous fields off UK from French player

Mad Dog 2 for under $10bn

UK supermajor says project recycled and FID still possible in late 2015 or early 2016

Hibiscus ready for Sea Lion

Malaysian company near to spudding oil exploration well offshore Australia

Husky completes Madura platform

Canadian independent finishes building first facility for BD project as FPSO build continues

Details emerge in fatal rig collapse

Workover rig owned by Basic Energy Services falls during fishing operation in Oklahoma

Anadarko confirms Kronos discovery

US explorer updates on deep-water drilling operations off Colombia and in US Gulf of Mexico

Oil recovers on stockpile hopes

Crude prices swing back from near six-month lows

Chevron to cut 1500 jobs

US supermajor axes positions at offices in Houston and California

Anadarko profits as drilling costs fall

US independent grows adjusted production with big efficiency gains in Wattenberg field

Swift taps Lazard to assess options

US independent seeks advice after $640m debt issuance falls through

ConocoPhillips to sell Cook Inlet

Company aims to focus resources on proposed Alaska LNG project on North Slope

Consol cancels coal IPO, cuts gas capex

Appalachian player tries to live within cash flow through 2016 after posting loss

Oklahoma operators shut wells after quakes

Tremors come after regulators expand list of disposal wells that could be causing spike in earthquakes

Pemex loss widens

Lower production and oil price sends Mexican state player further into the red

NOV profit, revenues chopped

Oilfield services player sees bottom line cut as numerous business wings suffer in poor market

Saipem, Koreans in $1.5bn Kuwait deal

Trio to build marine terminal at upcoming refinery as KNPC also dishes out main facility contracts

BP in red on Macondo payout

UK supermajor sinks to large loss on Deepwater Horizon settlement as low oil price and other items also hit

MHB posts drop in profit

Malaysian contractor sees lower revenues on fewer sail-aways and completed projects

Husky sees falling profits

Canadian player takes hit on increase in corporate tax and write-offs

Blast rocks Iran, Turkey pipeline

Natural gas pipeline halts flow after sabotage attack

Dragados loads out Statoil’s Mariner jacket

Norwegian operator prepares for installation on North Sea field in September as unit loaded out at Spanish yard

Vermilion farms into German licences

Canadian player to carry 50% of exploration costs over the next five years

Asset sales keep Statoil up

Norwegian state player sees profit drop but disposals keep it out of the red

Pantheon spuds East Texas well

London-listed player starts postponed onshore drilling in Polk County

Clontarf, Petrel to re-apply for Ghana licence

London-listed players to submit fresh application for block in Tano basin following approved settlement

PA submits new Zarat plan

Swedish player to develop oil and gas condensate and field in Tunisia by 2020

Ukraine hopeful of gas boost from producers

Energy minister says independent players can help country increase output by a third

Technip add-ons for Kanowit FLNG

Petronas calls on French contractor for a subsea flowline and brownfield modifications

Timor-Leste likes look of Labor

Australia's main opposition party appears to support maritime boundary negotiations

APLNG 'on track' for start up

Refrigerants being introduced to the LNG facility an important milestone

Oil prices hit four-month low

US crude plunges below $47 post-settlement

White Rose project clears regulatory hurdle

Husky Energy gets conditional approval on revised plan for extension project off Newfoundland

SAExploration seismic shoot win

Services provider awarded $47m contract for ocean-bottom data acquisition

SBM wraps FPSO financing

Dutch floater specialist gets funding needed to complete Cidade de Saquarema project for pre-salt field

Deferred FIDs 'amount to $200bn'

FID for projects representing 20bn boe in reserves have been deferred, WoodMac says

Baker Hughes layoffs hit 13,000

Services giant cuts 2500 more this year than previously forecast

Trinity-Centrica $23m asset deal collapses

Trinidad-based independent runs out of time to close on purchase of two blocks

Podcast: Refracked

This week on The Bit we look at the good and bad of refracking, a contract suddenly up for grabs for a BP project off Trinidad and respond to listener comments

'Disparity' in Pemex output reporting

Company's word choice on impact from April blast reportedly raises questions

Oro Negro looks to delay rig delivery

Mexican drilling contractor in negotiations to push back date for jack-up

Ferc OKs Aguirre project

US regulators conditionally approve Puerto Rico FLNG facility

UK dishes out offshore blocks

Eni, BP, E.ON and Centrica figure prominently in latest acreage awards

Sefton ‘unaware’ of chairman’s past

Minnow says name change of recently-departed chairman Daniel Levi was kept secret as criminal past unearthed

Goodrich in $118m Eagle Ford sale

US player agrees deal for Texas proved reserves and associated leasehold

Exodus not about to happen

Rig contract cancellation from US giant not likely to set trend of switching focus

Pemex to submit farm-out requests soon

Official says requests for deep-water Gulf of Mexico stakes to be submitted in early August

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...)