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.)

STATOIL TO PROCEED WITH JOHAN SVERDRUP PHASE 2

March 22, 2017

The Johan Sverdrup partnership has now decided to proceed with (DG2) Phase 2 of the Johan Sverdrup development, awarding FEED contracts to Aker Solutions,...

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ONESUBSEA WINS CONTRACT FOR MAD DOG 2 PROJECT

March 21, 2017

OneSubsea, a Schlumberger company, today announced the award by BP of an engineering, procurement and construction (EPC) contract to supply the subsea...

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TechnipFMC BAGS ENI GHANA ONSHORE CONTRACT

March 21, 2017

TechnipFMC has been awarded a contract by ENI Ghana E&P (a subsidiary of ENI, Ghana National Petroleum Company and Vitol), for the onshore part of...

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FIRST TMK UP EXD DRILL PIPES SHIPPED

March 21, 2017

TMK, one of the world’s leading producers of tubular products for the oil and gas industry, has shipped the first batch of drill pipe with TMK UP EXD...

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SUNSHINE OILSANDS AND CPECC TO DEVELOP WEST ELLS PHASE II EXPANSION

March 21, 2017

Calgary based Sunshine Oilsands and China Petroleum Engineering & Construction Corporation (CPECC) have signed a Memorandum of Understanding in relation...

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TRANSOCEAN TO SELL ENTIRE JACKUP FLEET TO BORR DRILLING

March 20, 2017

Oslo based Borr Drilling announced the signing of a Letter of Intent with Transocean for the acquisition of 15 high-specification jackup rigs. The transaction...

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EAGLE FORD: SANCHEZ ENERGY COMPLETES COMANCHE TRANSACTION

March 20, 2017

Sanchez Energy announced the closing of the previously announced Comanche Transaction, with the acquisition of working interests in approximately 318,000...

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UGANDA: CNOOC EXERCISE PRE-EMPTION RIGHTS IN TULLOW’S FARM-DOWN

March 20, 2017

On 9 January 2017, Tullow Oil announced that it had agreed to farm-down 21.57% of its 33.33% interests in Exploration Areas 1, 1A, 2 and 3A in Uganda to...

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US SHALE GAS HELPED KEEPING GLOBAL CO2 EMISSIONS FLAT FOR THIRD YEAR

March 20, 2017

Global CO2 emissions were flat for a third straight year in 2016 even as the global economy grew, according to the International Energy Agency, signaling...

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AMEC FOSTER WHEELER TO SUPPORT EDF ENERGY NUCLEAR GENERATION

March 20, 2017

Amec Foster Wheeler has secured a new agreement, worth £125 million to provide long-term support to EDF Energy Nuclear Generation. Under the Technical...

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6 NOVEMBER 1986 – THE SUMBURGH DISASTER

March 19, 2017

On 6 November 1986 the first flight of the Bristish Airways Boeing Vertol (Chinook) 234 LR was delayed due to an oil leak from an engine gearbox that was...

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2nd ANNUAL MiFID II FOR ENERGY AND COMMODITY FIRMS

March 18, 2017

2nd Annual MiFID II for Energy and Commodity Firms 22nd – 23rd May 2017 London, UK This marcus evans event will focus on how to obtain the crucial...

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