OTC 2020 Tech Papers Offer a Look Into the Future of Offshore
The Offshore Technology Conference was cancelled for the first time ever due to the COVID-19 pandemic. But the flow of ideas continues. As proof, this curated summary of technical papers highlights unique concepts that might someday reduce the offshore sector’s heavy cost burdens.
Hard Times in Canadian Oil Could Be Useful Experience
Its reward for years of struggling to adapt to low prices and weak demand for its oil and gas has been an epic crash. Canadians selling change say it is time to consider possibilities that seemed inconceivable in the past.
Diamond Offshore Files for Bankruptcy
The chapter 11 filing comes as record-low crude prices and excess supply have impacted operations across the industry. About 2,500 jobs could be at stake.
Oil Price Crash Triggers Decisions To Slow Drilling
The prescribed treatment for market- and virus-induced oil price collapse is to quickly slow production growth. Two US shale companies moved swiftly to cut the pace of drilling and completions, but it is too soon to know if that will have any impact.
Drilling Automation Is the Future, But ExxonMobil Finds Gaps To Fill
ExxonMobil’s rig automation experiment is accelerating, with plans to push the number of rigs in the system from three to nine. Drilling efficiency was improved by use of an automated pipe-handling system, which reduced the median time required for connection at one location by 20%.
Integrated Deepwater MPD Control System Increases Accuracy, Ease of Use
This paper presents lessons learned regarding design, testing, and installation of a completely integrated managed-pressure-drilling (MPD) control system on a deepwater drilling rig.
Make or Breakeven: Is Unconventional Oil Production Getting More Efficient?
If the benchmark oil price is $10/bbl higher than the breakeven price for production that means companies are making good money, right? Maybe, but it’s hard to know what goes into a breakeven price.
Innovation Will Drive Shale Survival
How can operators and service companies go forward in a shale-dominated industry with low oil prices?
Jones Energy CEO Tells of Company’s Transformation
At the recent Leaders in Industry luncheon in Houston, Jonny Jones told the interesting story of how Jones Energy grew from a small private entity to a company whose shares trade on the New York Stock Exchange.
Transocean Makes Latest Move Toward Offshore Consolidation
This new deal marks the second major acquisition of an offshore drilling company since the onset of the industry downturn.
Upbeat Natural Gas Producers Show Value of Low Expectations
The price declines for oil and natural gas are equally brutal, with roughly a 50% decline for both fuels.
Offshore Industry Gets a Fresh Look at Foamed Cement
An ongoing research project started nearly 3 years ago by the US Department of Energy’s National Energy Technology Laboratory (NETL) is shedding new light on what really happens to foamed cement as it is pumped deep down offshore wells during completions.
High-Pressure/High-Temperature BOP Equipment Becoming a Reality
The offshore industry has taken another step toward opening up new deepwater frontiers to exploration with Maersk Drilling ordering the first 20,000-psi blowout preventer (BOP) made by GE Oil and Gas.
BHP Billiton Testing New Methods To Maximize Returns on Completions
Running a shale exploration and production operation requires a sharp focus on costs, but not all are measured the same.
BOP Monitoring Seeks To Reduce Downtime, Increase Insight
Many problems that result in BOP downtime could be prevented if only drilling contractors knew which parts of the subsea system to replace and when. BOP monitoring systems have been developed to increase reliability by enabling preventive maintenance.
Don't miss out on the latest technology delivered to your email weekly. Sign up for the JPT newsletter. If you are not logged in, you will receive a confirmation email that you will need to click on to confirm you want to receive the newsletter.
06 July 2020
30 June 2020