Author: Rigs & Barge World
Trailblazing the integration of immersive drilling technology training in India, 3t Drilling Systems has announced a new agreement with the Oil and Natural Gas Corporation (ONGC) for the provision of its simulator technology. The world-leading drilling and well control simulation technology provider, 3t Drilling Systems, part of global training and digital learning powerhouse 3t, will deliver its cutting-edge DrillSIM:6000 simulator to the Institute of Drilling Technology (IDT) in Dehradun, India for this new deal. One of India’s premier research and development centres, the long-established IDT, an educational institute at the ONGC, provides advanced technical knowledge and training to national and…
Abu Dhabi-based NMDC Energy has confirmed the award of a 9.7 billion dirhams (US$2.64 billion) engineering, procurement and construction contract in the United Arab Emirates. NMDC Energy told the Abu Dhabi Securities Exchange in a recent announcement that it “has received a letter of award for a local project amounting to 9.7 billion dirhams for an EPC project that is expected to be completed within 57 months, commencing from 31 March 2025”. NMDC Energy did not disclose the project or end client, but Upstream understands that the contract involves work on Package 4 of Abu Dhabi National Oil Company’s (Adnoc’s)…
Cairn Oil & Gas, India’s largest private operator, has signed a “strategic alliance” with TechnipFMC to speed up subsea infrastructure development for future deepwater projects in the region. The partnership will let Cairn use TechnipFMC’s integrated engineering, procurement, construction and installation (iEPCI) model to “rapidly advance” its deepwater ambitions, according to an announcement of the deal, the value of which was not revealed. TechnipFMC will also offer its integrated front-end engineering and design (iFEED) services to optimise project performance. TechnipFMC signed the deal in Houston, US, with Anil Agarwal, chairman of Cairn parent Vedanta Group, at the CERAWeek by S&P…
From integrating renewable energy sources and implementing green technologies to reducing waste and minimizing carbon footprint, there are numerous ways in which the oil industry is embracing sustainability. Additionally, we will delve into the importance of biodiversity conservation and corporate social responsibility in mitigating the environmental impact of offshore drilling activities.So join us as we dive deep into the realm of sustainable practices for oil rig management. Discover how these innovative solutions not only benefit our planet but also contribute to long-term profitability for companies operating in this sector. Let’s embark on this exciting journey towards a more sustainable future…
Sustainability of Infrastructure: A Crux of India’s growth By Dr. Anand Kumar Tewari, Former Executive Director Indian Oil, Pipelines Division; Chairman AMPP India (Formerly NACE) and Member Governing Council of Natural Gas Society Infrastructure landscape India has witnessed an accelerated growth trajectory for more than a decade. The unprecedented development is associated by majors’ sectors of industry like transport sectors, power and renewable energy, Oil & Gas, Defense production, Fertilizer, Chemicals, Petrochemical, Steel and Cement etc. India is prioritizing infrastructure growth to become a $5 trillion economy soon and a developed nation by 2047. India’s infrastructure sector is all set to become the biggest driver…
US energy firms this week added oil and natural gas rigs for the first time in four weeks, energy services firm Baker Hughes Co said in its closely-followed report on Thursday. The oil and gas rig count, an early indicator of future output, rose by three to 779 in the week to Dec. 22. Baker Hughes released the report a day early due to the upcoming Christmas holiday weekend. Baker Hughes said that puts the total rig count up 193 rigs, or 33 per cent, over this time last year. US oil rigs rose by two to 622 this week, while gas rigs rose one to 155.…
Mitsui O.S.K. Lines (MOL) has announced that green hydrogen produced from offshore wind using the demonstration yacht Winz Maru was supplied onshore in the central breakwater area of Tokyo, as part of the Wind Hunter Project. This marks the first time in the world that a ship has supplied green hydrogen, produced on its own while underway, for use on shore, according to MOL. Between FY 2021 and FY2 023, MOL conducted a demonstration test in Omura Bay in Sasebo City with the Winz Maru, successfully completing all phases of hydrogen production, storage and usage of stored hydrogen onboard. Since,…
2024 has been another strong year for the offshore drilling rig market with high utilization and dayrates. However, the winds of change have started to blow, and the market is already showing some signs of weakening demand and declining dayrates across the three main rig types – jackups, semisubs and drillships. Inflationary pressures across the sector are the driving force of the market correction we expect to see in 2025. Westwood expects full-year 2024 marketed committed utilization, which considers actively marketed rigs with charters underway or already booked with future start dates, to come in around 92%. This is down…
THE recent announcement by the Indian government to provide increased development funding to boost local shipbuilding capability shows India has not given up on becoming a leading shipbuilding nation. Previous attempts by India to become a shipbuilding powerhouse failed, but the Indian government has reportedly been talking to the big shipbuilders and equipment manufacturers of South Korea and Japan to convince them that expanding their production to India would be worth their attention. The government is attempting to kick-start India as a leading shipbuilder with a multi-billion-dollar cash injection, as it seeks to become a developed economy by 2047. Its…
The waters off of South Africa’s Mossel Bay are unforgiving. With blistering winds, waves reaching up to 30 metres high, and currents racing at six knots, it is considered the most difficult place in the world to set up an oil rig. “They’ve got everything bad down there except for icebergs,” says Simen Lieungh, CEO of Odfjell Drilling. “Thank God they don’t have icebergs.” Odfjell is relatively small, yet when Total needed a rig operator to drill wells in the area, they chose the Norwegian company despite stiff competition. The reason, Simen says, is that Odfjell is a world leader when…