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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

Halliburton.gif

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

Rigzone.com: Latest News Headlines

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

Oil Futures Follow Broader Markets to One-Week High

Oil futures rise to a one-week high, as broader markets rally on positive US economic data.

Transocean Shareholders Reject Icahn's Dividend Proposal

Transocean shareholders reject a $4 a share dividend proposal by activist investor Carl Icahn but oust long-time company Chairman Michael Talbert.

Energy Department Approves Freeport Natural-Gas Export Permit

The Obama administration clears the way for broader natural gas exports by approving a $10B facility in Texas, a milestone in the US transition into a major supplier of energy for world markets.

Moller-Maersk Net Profit Falls, Demand to Stay Subdued

Moller-Maersk posts a smaller-than-expected drop in first-quarter net profit, supported by increased freight rates and efficiency measures at its main shipping unit.

Statoil Sets Eyes on GOM to Help Increase Production Growth

With a worldwide presence, Statoil has an ambitious goal to boost its production output by 2020 with a large amount of that coming from the United States.

Greenland Minister: Will Issue New Oil Exploration Licenses

Greenland's new government clarifies its stance on allowing more offshore oil exploration.

Rig Released for Nervesa Drill

Sound Oil reports that the rig it will use on its Nervesa asset, onshore Italy, has been released from operations in the Netherlands.

Myanmar Pipelines on Schedule Despite Attack

A rebel attack on CNCP workers at a compound in Myanmar will not delay the launch of pipelines due to start pumping oil and gas into China later in 2013, according to an official.

OMV Petrom to Redevelop Oprisenesti Field

Romania’s OMV Petrom plans to invest $116 million this year to redevelop Oprisenesti oil field.

Total Production to Increase 3% PA to 2015

Total Chief Executive confirms a production growth target of 3 percent a year between 2011 and 2015.

Lekoil Plans to be Pan-African Player

Junior oil company Lekoil raises $49 million on London’s Alternative Investment Market as it seeks to become a pan-African oil and gas player.

Petroceltic to Farm Out More of Isarene

Petroceltic says it is closer to farming out a further 18.375-percent interest in its Isarene Permit that contains the Ain Tsila, onshore Algeria.

Apache Shareholders Don't Approve Executive Compensation

Apache shareholders didn't approve the energy company's executive compensation plan for 2012 at its annual meeting, making their displeasure with the company's performance known.

Transocean Inks New Contracts, Extensions; Sees More Downtime

Transocean reports downtime for its drilling fleet but inks several new contracts for its rigs.

ExxonMobil Taps FMC for Julia Equipment

FMC will supply subsea equipment for deployment to the Julia field in the Gulf of Mexico.

Revised Hydraulic Fracturing Rule Available for Comment Period

The Department of Interior seeks comments on the updated rule that would govern hydraulic fracturing on US federal and Indian lands.

Salamander Pens PSC for Central Kalimantan Licenses

Salamander signs Production Sharing Contracts (PSC) for the Northeast Bangkanai and West Bangkanai license areas.

Max Petroleum Encounters Hydrocarbons at Zhana Makat Well

Max Petroleum announces that the ZMA-E6 development well in the Zhana Makat Field has successfully reached total depth, encountering hydrocarbons in Jurassic sandstone reservoirs.

Moniz Unanimously Confirmed as Energy Secretary

The US Senate confirmed Ernest Moniz, a nuclear physicist who has lauded the US natural gas boom, as the next US Energy Secretary.

Crude-Oil Futures Settle up 86 Cents at $95.16/Barrel

Crude-oil futures prices settle higher, climbing on hopes for rising demand as the peak summer gasoline demand season approaches.

Upstream RSS

Latest news from Upstream Online

Anadarko stock plummets on NYSE error

The New York Stock Exchange cancelled more than two dozen trades of Anadarko Petroleum stock occurring milliseconds before market close on Friday that sent the US independent's shares down about 99%.

Fracking 'did not taint' Arkansas water

A new study has cleared hydraulic fracturing as a cause of groundwater contamination in Arkansas, but researchers say the findings suggest that local geology plays a major role in potential pollution from the controversial practise.

Shareholders oust Transocean chairman

Shareholders voted out Transocean Chairman Michael Talbert at the annual meeting on Friday and backed a nominee of activist investor Carl Icahn to replace him on the board of the world's largest offshore drilling contractor.

US rig count stays flat on 1769

The aggregate number of oil and gas rigs drilling in the US remained unchanged this week, staying at 1769 for the second straight week, according to data from Houston-based services giant Banker Hughes.

Cicsa eyes second modern jack-up

Mexican marine construction giant Operadora Cicsa is understood to be evaluating the fabrication of a second modern jack-up.

Argos Energies 'also part of EU oil probe'

Dutch trading house Argos Energies is reportedly also among the oil companies and price reporting agencies being investigated by the European Commission in its oil market inquiry, Reuters has reported.

Nigeria LNG declares force majeure

Nigeria LNG has declared force majeure on its liquefied natural gas exports from at Bonny Island a day after Shell halted its supplies to the Bonny Island facility over a reported leak.

Indonesia reveals 21-block round

Indonesia has launched a new licensing round with 21 blocks on offer, two of which the country’s authorities have classed as unconventional.

Pertamina ‘may seek shale block partner’

Indonesian state-run oil company Pertamina could seek a farm-in partner at the country’s first shale gas block which it has just been awarded, a report has claimed.

UMW eyes growth with listing

Malaysian conglomerate UMW could be in the hunt for rig acquisitions as it lines up a listing of its oil & gas division.

Petroceltic closes in on second Isarene partner

London-listed Petroceltic International is closing in on a second farm-in partner for its Isarene permit in Algeria.

Bidders chase Chissonga prize

The battle lines have been drawn on Maersk Oil’s deep-water Chissonga project in Block 16 off Angola, where three groups of bidders are poised to vie for each of the two key surface facilities.

Brent slips on US data

Brent futures slipped towards $103 a barrel on Friday as disappointing US economic data revived worries over demand growth in the world's biggest oil consumer, while a stronger dollar also pressured prices.

Maximino holds promise for Pemex

Mexico state oil monopoly Pemex says it has found "clear indications" of light crude at its ultra-deepwater Maximino well.

Hess kicks off key tender process for Malay plan

US independent Hess has begun a much-awaited tender process for the key production infrastructure of the first development phase of the North Malay basin gas project near the Malaysia-Thailand Joint Development Area.

Sempra signs tolling deals with foreign trio

Sempra Energy has signed 20-year tolling agreements with three foreign players that will account for the full capacity at the proposed 12 million-tonne-per-annum Cameron LNG-export facility in Louisiana.

Golden Pass team seeks Ferc approval

The team behind the Golden Pass LNG-export project have taken the next step with federal US regulators to gain approval to go ahead with the planned $10 billion liquefaction facility on the Texas Gulf Coast.

Interior unveils new draft fracking rules

The US Department of the Interior released an updated proposal on long-awaited rules governing hydraulic fracturing on federal and tribal lands that it says gives more "flexibility" to oil and gas producers while protecting public health and safety.

Chevron: Argentina No 2 in world shale

Chevron's president of Latin American and African operations said Argentina and not China has the world's second largest deposits of unconventional oil after the US, according to a report.

Tethys Petroleum inks deal on Uzbek block

Independent Tethys Petroleum has signed a protocol of intent with state outfit Uzbekneftgaz to jointly explore a block in northwest Uzbekistan.

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

Meetings and Events (May-2013)

Meetings and Events

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

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.

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…

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.

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 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.

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.

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.

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.

European Commission raids BP, Shell offices in price fixing probe

Investigators from the European Commission (EC) carried out raids at BP's offices in Canary Wharf and Shell's offices in central London and Rotterdam on Tuesday, as part of a probe into alleged price fixing in Europe.

Today’s oil prices jump as US retail sales pick up, stockpiles continue

Oil prices gained today after retail sales in the US unexpectedly increased, raising hopes of a revival in demand growth, while the rise in stockpiles in the world's largest oil consumer failed to further boost prices.

Karoon Gas Australia expands Bilby-1 discovery, offshore of Brazil

Karoon Gas Australia revealed that it has expanded the Bilby-1 oil discovery, offshore of Brazil, with a proven oil column of 320 metres.

Canada to control Arctic Council; aboriginals demand moratorium on energy

Leaders from the eight circumpolar nations will meet on Wednesday and hand chairmanship of the Arctic Council to Canada. The meeting comes after a growing number of Arctic aboriginals demanded a moratorium on energy development in the Far North.

Kongsberg to supply vessel simulators for training centre in Nigeria

Norway-based technology company Kongsberg Maritime has secured a multimillion dollar contract from PEM Offshore to deliver a full suite of offshore vessel simulators.

Statoil approves Julia field development in Gulf of Mexico

Multinational oil and gas majors Statoil and ExxonMobil have decided to approve the development of the Julia field in the Gulf of Mexico.

Today’s oil prices slide on firm dollar, demand growth concerns

Oil prices decreased today as the dollar remained strong and fresh concerns were raised over a slowdown in demand growth in the US, which added further pressure on prices.

Today's Brent crude falls; stays above $104 as US data supports demand

Brent crude slipped today, but managed to stay just above $104 a barrel, as robust signs of revival from the US and continuing uncertainties concerning the Chinese economy gave mixed signals about demand from the world's top two consumers.

Shell to drill deepest offshore well in Gulf of Mexico

Royal Dutch Shell announced that it has decided to proceed with its plan to develop the world's deepest production facility, the Stones ultra-deepwater project, in the Gulf of Mexico.

PETRONAS to buy offshore blocks in Campos Basin, Brazil

PETRONAS Brasil, a subsidiary of Malaysian oil and gas company Petroliam Nasional Berhad (PETRONAS), has signed an agreement with OGX Petroleo e Gas (OGX) to buy its interest in two offshore blocks in the Campos Basin in Brazil.

Boskalis wins installation contract for Shell's Malampaya Project

Netherlands-based maritime infrastructure company Royal BoskalisWestminster has secured an offshore depletion compression platform installation contract for Shell Philippines Exploration's Malampaya Project, offshore of the Philippines.

Today's Brent crude surges, as positive global data raises demand expectations

Brent crude jumped today after global positive data revived expectations of a rise in demand growth, while fears that an excess supply can put pressure on prices were also reduced.

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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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