TOPICS OF INTEREST
ConocoPhillips Unveils 10-Year Operating, Financial Plan
The plan targets some $50 billion in free cash flow over the period while growing production more than 3%/year.
BP To Sell Alaska Business to Hilcorp
The $5.6-billion deal includes the Prudhoe Bay field and the Trans Alaska Pipeline and vaults Hilcorp to be the second-largest Alaska producer and reserves holder, behind only ConocoPhillips.
Hilcorp Gets Approval for First Oil Production Facility in Alaska’s Federal Waters
The green light comes 4 years after the privately-held firm filed its development and production plan. Liberty Island would consist of gravel, stretch 9 acres, and sit just a few miles offshore.
Equinor To Employ Permanent Reservoir Monitoring at Arctic, North Sea Fields
The technology will provide Equinor a continual feed of updated reservoir information from its Johan Castberg and Johan Sverdrup fields with the aim of improving well placement, production, injection, and—ultimately—recovery.
Norwegian Exploration and Development Pick Up, but More Is Needed
Norway hopes for a continued rise in offshore exploration and development activity to ensure steady oil and gas production through the next decade.
Equinor’s Offshore Bonanza Continues
Equinor has grabbed seven new licenses in the Barents and Norwegian Seas, the latest in a flurry of offshore activity in which the firm has added acreage off the UK and Brazil, gained approval for a big Arctic project, and awarded billions of dollars in service contracts.
ExxonMobil Exits Russian Ventures, Continues Success off Guyana
The US supermajor continues to evolve its global strategy by pulling out of once-promising Russian partnerships and adding to its offshore Guyana oil drilling bounty.
Statoil Plans Leaner, $6-Billion Arctic Project
Statoil has submitted a long-awaited development plan for what will become Norway’s northernmost development.
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.
Robot Removes Operators From Extreme Environments
Robots have the potential to move human operators away from uncomfortable, potentially risky environments and into comfortable, safe control rooms.
Remote Directional Drilling and Logging in the Arctic
Few locations present as many challenges for drilling as the Arctic. It is one of the most hostile environments in the world, with some of the most remote locations, the toughest logistics challenges, and the largest gaps in infrastructure on the planet.
Norway Faces Up to Harsh Conditions
The need to economically invest in offshore exploration and production has inspired a wide range of innovations in Norway to drastically reduce costs, which can lead to changes in offshore operations around the world.
Selection of Subsea-Production Systems for Field Development in Arctic Environments
In this paper, an analysis of the selection of integrated template structures (ITSs) for Arctic environments is presented.
US Approves BP’s use of Unmanned Aerial Vehicles in Alaska
In June, the United States Federal Aviation Administration (FAA) issued the first approval for the overland use of unmanned aerial vehicles (UAVs) in Alaska.
Big Barriers to Building a New Generation of Arctic Vessels
The industry’s experience thus far drilling offshore the Arctic is a powerful argument to build a new generation of vessels and drilling rigs purpose built for operations in heavy ice.
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01 December 2019
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