Issue: April 2024
SPECIAL FOCUS: Offshore technology
A new event detection and management service integrates proven MPD and wired drill pipe technologies for faster detection and resolution of downhole events and safer, more efficient deepwater drilling.
Unlocking the promise of America’s Great Lower Tertiary Play by adopting a safer, more profitable dry tree approach.
Increasing safety and reducing injuries during drilling is gaining momentum. Automation achieves these goals in the red zone by automating risk-prone, manual tasks. Automated installation of control line clamps has increased rig floor safety. Semi- and fully automated systems will become available commercially later this year.
Reducing reliance on hydrocarbons for power is critical to achieving near- and long-term sustainability targets. Siemens Energy is collaborating with major offshore operators to implement decarbonization strategies for electrification, automation and digitalization. This article highlights successful implementation of technologies at several projects and discusses other promising concepts under development.
In late March, the Offshore Technology Conference (OTC) announced the winners of their 2024 Spotlight on New Technology Award. Per the organization’s announcement, “this esteemed honor is given exclusively to OTC exhibitors who are reshaping the offshore energy sector through their innovation and development of technologies.” Echoing the awards of 2023, 15 technologies were selected for their advancements in the offshore energy sector—five of these are from small companies, a slight decrease from 2023’s seven.
Late-life management of oil and gas assets is a careful balancing act where operators weigh many evolving factors, all while tracking cessation of production and potential options that follow. Mistakes can be costly and developing a tailored asset management strategy is crucial to avoid wasting resources and ensure that assets are maximized.
Features
Faced with ongoing uncertainties ranging from the fall elections to the global oil market and the LNG “pause,” U.S. producers are holding activity steady.
Columns
Ensuring energy security: A call to action for Europe's future
Shake, rattle and roll
