Featured Oilfield News
Source: Oilfield Technology
Transocean Ltd. has announced that it has completed the previously disclosed transaction to sell its jackup fleet to Borr Drilling Limited for a total consideration of approximately US$1.35 billion.
Source: Oil & Gas Investor
In a bid to capture such technology, Helmerich & Payne Inc. said May 22 it entered an agreement to acquire Dallas’ Motive Drilling Technologies Inc. for $75 million payable at closing. The deal includes a potential $25 million in earnout payments based on future performance during the next few years.
Source: E&E News
U.S. EPA is investigating air emissions from two North Dakota oil well sites where workers died from toxic vapors.
Source: Maritime Executive
The UK Maritime and Coastguard Agency has scaled back a search for a worker who went missing last night from the jack-up Noble Lloyd Noble, which is drilling production wells at an oil field 80 nm to the east of the Shetland Islands.
The man was reported missing at 2120 hours Tuesday night, and the rig’s crew initiated a search on board and in the waters nearby. As of Wednesday, three vessels continue the search, including support ships working for Statoil. A Coastguard SAR helicopter has returned to its base.
Source: The New York Times
Friday’s executive order was aimed at rolling back the Obama administration’s attempts to ban oil drilling off the southeastern Atlantic and Alaskan coasts. It would erase or narrow the boundaries of some federally-protected marine sanctuaries, opening them up to commercial fishing and oil drilling.
But Mr. Trump also took aim at regulations on oil-rig safety. In the final years of the Obama administration, the Interior Department implemented several new rules aimed at improving the safety of specific pieces of offshore drilling equipment that had failed during the 2010 oil spill in the Gulf of Mexico, and were found to have been responsible for the deadly BP oil rig explosion that caused that spill.
Source: The Barents Observer
Locals fear for their health and environmental consequences after more than two weeks of raging fire at an oil field in the northern Russian Komi Republic.
The fire in Lukoil’s oil field in Shchelyabozh, near the Komi town of Usinsk, started 10th April and has since created a column of black smoke visible for tens of kilometers away.
Source: Maritime Executive
On April 15, a Sikorsky S92 helicopter made contact with the topsides of the Sevan Brasil SS86 drilling rig during a landing approach. The pilot managed to make a controlled emergency landing despite damage to the tail.
A spokesman for operator CHC Helicopters confirmed the accident in comments to the Aberdeen Journal. "We can confirm that on April 15, 2017 at 4.35pm local time, an S92 (PR-CHR) experienced an emergency landing on the helideck of offshore platform SS86 in Brazil," the spokesman said in a statement. “The crew responded immediately in accordance with their training and successfully landed the aircraft. There were no reported injuries among the passengers or the crew." Sevan Drilling also confirmed the incident and said that rig operations had been temporarily suspended as a precautionary measure.
A major bright spot in the March 2017 American jobs report was the apparent recovery of the mining sector, the employment area associated with oil and gas. The report indicated that 11,000 new jobs were added in the month of March, a further sign that the years-long hemorrhaging of jobs in the energy sector has come to an end.
This report comes after February jobs’ numbers indicating oil and gas employment increased by about 1 percent. The Bureau of Labor Statistics reported that 178,700 people were employed in oil and gas in February 2017. This is the largest number recorded since May 2016, though it is still far off from the industry peak in October 2014, when over 200,000 people were employed in oil and gas.
Oil rose further above $55 a barrel on Monday, supported by another shutdown at Libya's largest oilfield and heightened tension over Syria following the U.S. missile strike. Libya's Sharara oilfield was shut on Sunday after a group blocked a pipeline linking it to an oil terminal, a Libyan oil source said. The field had only just returned to production, after a week-long stoppage ending in early April.
"It means that at least one potential source of additional supply has fallen away for the time being," said Carsten Fritsch of Commerzbank, referring to the Libyan outage. Brent crude , the global benchmark, rose 48 cents to $55.72 at 0947 GMT, not far from the one-month high of $56.08 reached on Friday.
Source: Maritime Hearld
The rigging supervisor together with fellow Wood Group contractors, discovered that they had been exposed to alpha radiation and workers now faced cancer fears with ongoing blood tests. The UK petroleum exploration and production company EnQuest ensured that all the additional precautionary steps had been taken immediately after the accident occurred.
The six employees were working on Thistle offshore platform on 125 nautical miles north east off Shetland, performing shutdown work with pipe equipment. On the half way they were informed about the problem, being exposed to radiation for hours.
In a rare operations update call, Halliburton Chairman and CEO Dave Lesar said the company is spending more money now to protect market share and ensure stronger profits in the future. The plan to “frontload as much of the costs as we can” will mean weaker profits short term to better position Halliburton in the future.
“We are coming off of a historic trough, so what we have to add back is almost unprecedented,” Lesar said, warning that its first-quarter earnings won’t be as strong as previously projected.
Source: Alvin Sun
The Brazoria County Sheriff’s Office responded to the 19000 block of Highway 35 in Brazoria County in reference to an industrial accident at the Denbury Resources Oil Field that resulted in the death of a Pryor Packers Inc. employee.
Lt. Varon Snelgrove, public information officer with the Brazoria County Sheriff’s Office, said the employee has been identified as Antonio “Tony” Perez, 43, of El Campo.
Compared to the past two major Williston job fairs, Billehus said more excitement was in the air as the oil industry rebounds from the recent slowdown.
Calgary-based Enbridge says the layoffs, amounting to about six per cent of the 17,000 employees of the combined company, stem from the merger that closed Feb. 27.
Source: Maritime Executive
The fatality occurred onboard the drillship Pacific Santa Ana. The ship, owned by Pacific Drilling, was operating approximately 250 miles south of Lake Charles, Louisiana. She was under contract to Chevron USA and drilling an exploratory well at the time.
The drill crew onboard was in the initial stages of the drilling process, lowering the Bottom Hole Assembly and 36 inch structural casing to the sea floor in order to begin making the well. This process involved work on the drill floor to successively connect lengths of pipe and lower them through the rig’s main drill center.
"Developing domestic sources of energy is of vital importance to our nation," Christopher R. Brooks, special agent in charge of U.S. Environmental Protection Agency's criminal enforcement program in Louisiana, said in a statement. "This development must be done responsibly and safely to protect public health and the environment."
Source: Houston Chronicle
Downhole Technology, which makes fracturing plugs for completion of oil and gas wells, was accused by the federal agency of failing to take prompt remedial action after Kenneth Echols, who is African-American, reported the incident to company officials and then retaliating against him for reporting the conduct.
Neither company officials nor its lawyer returned calls for comment.
Source: Oilfield Technology
The fully customisable system brings new benefits to deepwater operators for completion and intervention work that improve critical well control of the subsea safety system, tubing hanger and deepwater subsea field developments.
Halliburton collaborated with customers to design a system that is simpler to test, easier to assemble, faster to activate and configurable to individual customer and project requirements. It can isolate the lower landing string in as little as six seconds or less, disconnect from the lower landing string in as little as ten seconds or less and provide downhole data for greater confidence in decision-making.
DRILLING RIG LOCATOR