NOBLE TO PARTNER WITH GE ON THE DIGITAL RIG SOLUTION

Noble Corporation and GE jointly announced a partnership to collaborate on an advanced data analytics system for offshore drilling rigs known as the Digital Rig solution. The Digital Rig solution aims to significantly improve the operational productivity of Noble's drilling rigs. By utilizing data analytics to make asset management more efficient, the Digital Rig solution will allow Noble to better manage the asset lifecycle and provide a more productive drilling operation for customers. The agreement calls for GE to initially deploy its latest digital asset performance management system on four Noble drilling rigs as part of a fleet pilot program. The expected efficiencies captured through the implementation of the Digital Rig solution target a 20 percent reduction in repair and maintenance expenditures across the pilot rigs. The 'data-driven drilling' model created by combining Noble's operational knowledge with GE's advanced data analytics system will have a transformative impact on the entire drilling ecosystem, including: • Enhanced Drilling Process Efficiency – Foresight of asset anomalies and drilling process deviations to reduce operational disruptions and enhance performance consistency. • Shift to Predictive Asset Management – Redefinition of maintenance strategies, with a focus on predictive asset management to achieve long-term, sustainable operational expenditure reductions across the fleet. • Reduction of Third-party Service Costs – Anytime, anywhere rig visibility and insights that leverage the one-to-many impact of shore-based experts to reduce third-party service costs. In addition, the Digital Rig solution will provide real-time asset data to onshore experts around the globe. These experts will be able to actively monitor aspects of the drilling process and will have foresight and visibility into the condition of the assets. By allowing onshore experts to remotely diagnose and advise offshore personnel of issues before they occur, there is a potential to reduce third-party service costs. (Source: Noble Corp.)

DHT ACQUIRES 11 TANKERS FROM BW GROUP

March 24, 2017

BW Group Limited and DHT Holdings announced the acquisition of BW Group’s VLCC fleet by DHT. The fleet consists of 11 VLCCs, including two newbuildings...

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A NEW LIFE FOR TYRA FIELD OFFSHORE DENMARK

March 24, 2017

Maersk Oil has today, on behalf of the Danish Underground Consortium (DUC), reached an agreement with the Government of Denmark which will facilitate future...

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DEEPSEA METRO I WINS NIDO PETROLEUM CONTRACT IN THE PHILIPPINES

March 24, 2017

Odfjell Drilling has, on behalf of Golden Close Maritime Corp., secured a Letter of Intent (LOI) for a two well contract in South-East Asia for Deepsea...

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ENI HITS OIL AT AMOCA IN THE BAY OF CAMPECHE

March 24, 2017

Eni has successfully drilled the Amoca-2 well in the shallow waters of Campeche Bay, offshore Mexico, confirming the presence of oil in multiple reservoirs....

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TRICAN WELL SERVICES AND CANYON TO CREATE PREMIER CANADIAN PRESSURE PUMPING COMPANY

March 23, 2017

Trican Well Service and Canyon Services Group have entered into an arrangement agreement pursuant to which Trican has agreed to acquire all of the issued...

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MELBANA PLANS TO DRILL TWO EXPLORATION WELLS IN CUBA

March 23, 2017

The Block 9 PSC, covering 2,380km2 onshore the north coast of Cuba, is in a proven hydrocarbon system with multiple producing fields within close proximity,...

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PETROBRAS: 3rd YEAR OF LOSSES IN A ROW

March 23, 2017

Petrobras state oil giant, at the heart of the biggest corruption scandal in the history of Brazil, unveiled losses of $ 4.2 billion, improving the negative...

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PGS LAUNCHES RAMFORM HYPERION

March 23, 2017

PGS has completed its newbuild program and has a fleet that is stronger than ever. Ramform Hyperion was celebrated in a naming ceremony at the Mitsubishi...

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BRISTOW AWARDED SAR SERVICES CONTRACT IN THE GULF OF MEXICO

March 22, 2017

Bristow U.S. LLC today announced that it has been awarded a contract with Shell Offshore, a subsidiary of Royal Dutch Shell, for medevac and search and...

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MARATHON OIL: $700 MILLION NORTHERN DELAWARE ACQUISITION FROM BLACK MOUNTAIN

March 22, 2017

Marathon Oil Corporation announced the signing of a definitive agreement to acquire approximately 21,000 net surface acres largely in the Permian's Northern...

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JANGKRIK FPU TO BEGIN ITS JOURNEY TO THE STRAIT OF MAKASSAR

March 22, 2017

Eni announces that the naming ceremony of the Jangkrik FPU (Floating Production Unit) vessel was held today at Saipem Karimun Yard, Tanjung Balai Karimun,...

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ENGIE ACQUIRES EV-BOX

March 22, 2017

Engie announces the acquisition of EV-Box. The Netherlands-based company is one of the world’s leading electric vehicle charging services providers with...

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