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.)

TULLOW OIL DISCOVERS OIL IN NORTHERN KENYA

January 19, 2017

Tullow Oil announced that the Erut-1 well in Block 13T, Northern Kenya, has discovered a gross oil interval of 55 metres with 25 metres of net oil pay...

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NOBLE TO ACQUIRE CLAYTON WILLIAMS

January 19, 2017

Noble Energy and Clayton Williams Energy have executed a definitive agreement under which Noble Energy will acquire all of the outstanding common stock...

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EXXONMOBIL TO DOUBLE PERMIAN BASIN RESOURCE

January 19, 2017

ExxonMobil will more than double its Permian Basin resource to 6 billion barrels of oil equivalent through the acquisition of companies owned by the Bass...

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BAKER HUGHES AND SCHLUMBERGER AWARDED CAT J CONTRACTS

January 18, 2017

Baker Hughes and Schlumberger will be awarded by Statoil the contracts for integrated drilling and well services on the Cat J rigs Askepott and Askeladden....

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TechnipFMC: A NEW OFFSHORE GIANT

January 18, 2017

TechnipFMC announced that it is operating as a unified, combined company following completion of the merger of FMC Technologies and Technip. The merger...

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APA: STATOIL AWARDED 29 LICENCES ON THE NCS

January 18, 2017

In connection with the Award in Predefined Areas (APA) for 2016 Statoil has been awarded interests in 29 exploration licences on the Norwegian continental...

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CNOOC COMMENCES PRODUCTION AT ENPING 23-1

January 18, 2017

CNOOC Limited announced that the Enping 23-1 oilfields have commenced production. The Enping 23-1 oilfields are located in the Pearl River Mouth Basin...

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STATOIL: CAPE VULTURE WELL HITS OIL

January 17, 2017

One year after the licence award Statoil has made an oil and gas discovery at Cape Vulture close to Norne estimated at between 20 and 80 million barrels....

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ORYX COMPLETES ZEY GAWRA WELL

January 17, 2017

Calgary based Oryx Energy advised that In December 2016, the Zey Gawra-1 well was side-tracked and completed in open hole partially penetrating the Cretaceous...

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YANGJIANG NPP UNIT 4 BEGINS OPERATION

January 17, 2017

The fourth unit of the Yangjiang Nuclear Power Plant (NPP) operated by China General Nuclear Power Corporation (CGN) succeeded in its first grid connection...

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HURRICANE ENERGY SPUDS HALIFAX WELL

January 17, 2017

Hurricane Energy announced the spudding of well 205/23-A, the Halifax Well, on 15 January 2017. The recently drilled Lancaster Pilot well (205/21a-7) encountered...

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FSRU BW INTEGRITY NAMED

January 17, 2017

Following up from the Press Release issued on 22 August 2016, on BW signing a 15-year agreement with Pakistan GasPort Limited (PGPL) to provide LNG regasification...

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