Oil & Gas News

Speaking at the 40th Annual Marine/Offshore Industry Outlook Conference on March 30 in Houston, Texas, Randall Luthi, president of the National Ocean Industries Association (NOIA), gave a positive preview of what he expects from the Trump Administration in the coming months as well as a preview of NOIA’s 2017 Annual Meeting to be held April 5-7, in Washington, DC, and includes an appearance by Department of Interior Secretary Ryan Zinke.

Statoil and license partners have decided to use the semisubmersible rig Transocean Spitsbergen on three exploration wells in the UK, and then on a six-well production drilling campaign on the Aasta Hansteen license in Norway.

With their innovative aluminum alloy drill pipe, OTTO FUCHS Drilling Solutions (OFDS) strikes a new path for the oil and gas industry. The leading-edge FuchsRohr AluDrill pipe is an alternative to standard steel pipes commonly used for drilling. Due to its comparatively high strength to weight, the aluminum pipe solution can be used across a wide range of subsea and downhole operations including demanding horizontal drilling.

U.S. crude oil production in the Federal Gulf of Mexico (GOM) set an annual high of 1.6 million barrels per day (b/d) in 2016, surpassing the previous high set in 2009 by 44,000 b/d. In January 2017, GOM crude oil production increased for the fourth consecutive month, reaching 1.7 million b/d. On an annual basis, oil production in the GOM is expected to continue increasing through 2018, based on forecasts in EIA’s latest Short-Term Energy Outlook (STEO).

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