Thursday, July 2, 2015

NEWS  |  Shell Goes Ahead with Giant Gulf of Mexico Field After Cost Cuts  |  Rigzone

NEWS  |  Shell Goes Ahead with Giant Gulf of Mexico Field After Cost Cuts  |  Rigzone: "Royal Dutch Shell has given the green light for the development of its largest platform in the Gulf of Mexico after making steep cost cuts which made the deep water project economical despite low oil prices. The decision to pour billions of dollars into the Appomattox project comes as companies have scrapped around $200 billion of mega-projects in the wake of the sharp decline in oil prices over the past year. Shell has operated in the Gulf of Mexico for over 60 years. The region contributes about 17 percent of total U.S. crude oil production according to the Energy Information Administration and was the location in 2010 of the worst offshore oil spill in U.S. history, involving BP's Deepwater Horizon well. Shell's investment decision shows the energy giant's bet on deep water as it seeks to finalise by early 2016 the $70 billion acquisition of Britain's BG Group, which holds large stakes in Brazil's offshore oil production. The project, some 80 miles (130 km) off the coast of Louisiana, is expected to start production by the end of this decade and reach peak output of around 175,000 barrels of oil equivalent (boe) per day, Shell said on Wednesday. Shell, which operates 7 platforms in the Gulf of Mexico, said it had reduced the project's cost by 20 percent through design improvement and lower contractor and supplies costs, bringing its breakeven price to around $55 per barrel of oil equivalent."

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Summit ESP launches Sentry Well Surveillance and Optimization Service

Summit ESP launches Sentry Well Surveillance and Optimization Service: "Summit ESP has launched its Sentry Well Surveillance service, a real time electrical submersible pump and optimization service. Summit ESP Sentry is a holistic approach to well surveillance backed with 24/7/365 monitoring services designed to increase production, improve ESP run life and reduce downtime and labor expenses. Sentry collects data from artificial lift operations and then provides clients critical information necessary to optimize production and minimize field down time. Summit ESP's Sentry surveillance team of petroleum engineers continuously monitor clients production on a 24-hours-per-day, 365-days-per year basis from the company's monitoring center. Surveillance engineers have access to a complete 360° view of every well's operational information, downhole equipment, application design and field service history. This allows the engineers to analyze and understand each well's operational conditions and identify when there is an issue. Some popular service features of Sentry include: Full remote control ESP set point capabilities, reducing nonproductive time and significantly minimizing the need to call out service technicians to the well location. Custom and recalibrated alarms for all operating parameters, allowing clients to be notified of parameters that are the most important to their production operation. Intensive monitoring for startup and all wells <90 days runtime, during the critical initial new well production time frame. Wells >90 days runtime assessed multiple times per day, assuring production rates are maintained and optimized. Surveillance engineers performing performance analyses with flow rate modeling to ensure optimal production. Summit's Sentry platform is designed to support multiple SCADA systems that store key operating parameters in a centralized database for remote monitoring, analysis and control."

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BP pays record $18.7 billion to settle Macondo claims

BP pays record $18.7 billion to settle Macondo claims: "BP Plc will pay a record $18.7 billion to resolve claims by the U.S. and five states along the Gulf of Mexico related to the 2010 oil spill. The payments will be spaced out over as long as 18 years. A record $5.5 billion will cover federal penalties under the Clean Water Act, topping the previous high of $1 billion. Louisiana, Mississippi, Alabama, Florida and Texas will also receive payouts for harm done in the worst offshore spill in U.S. history."

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SMBC Funny: Chem-Trails!

Absence of evidence is not evidence of absence.

Saturday Morning Breakfast Cereal:

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Monday, June 29, 2015

After Reading Houma Courier Facebook Comments, NASA Decides Not To Deflect Oncoming Asteroid. | THE PUSH POLE

After Reading Houma Courier Facebook Comments, NASA Decides Not To Deflect Oncoming Asteroid. | THE PUSH POLE: "Top NASA officials unanimously agreed not to mobilize rockets and crew to deflect an asteroid headed directly towards Earth. This decision came shortly after they began reading the Facebook comments of a Houma Courier news story. The comments in question can be clicked on to enlarge. Click above to enlarge The disgusting depravity of human beings hoarding themselves into camps and willfully engaging in disingenuous arguments aimed solely at wanton attention and elevating themselves above their fellow man was enough to convince NASA that humanity deserves the fiery, gruesome extinction headed its way."

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Puerto Rico governor says island can't pay public debt - Business Insider

Puerto Rico governor says island can't pay public debt - Business Insider: "Puerto Rico's governor is warning that the island can't pay its $72 billion public debt, delivering another jolt to the recession-gripped US territory as well as a world financial system already worrying over Greece's collapsing finances. Gov. Alejandro García Padilla is hoping to defer debt payments while negotiating with creditors, spokesman Jesus Manuel Ortiz said Sunday night. "There is no other option," García said, according to The New York Times. "I would love to have an easier option. This is not politics; this is math.""

'via Blog this' » Jindal circumvented the law » Jindal circumvented the law: "What if Bobby Jindal held a presidential fundraiser in Baton Rouge and nobody came?  That would surely be big news, wouldn’t it?  Well yes and no. Well, Bobby did and they didn’t come, but nonetheless he raised a half a million dollars. One has to read between the lines in Elizabeth Crisp’s story in the Baton Rouge paper to fully understand the Jindal fundraising scheme."

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Researchers Use Femtosecond Lasers To Display Touchable Images In The Air | TechCrunch

Researchers Use Femtosecond Lasers To Display Touchable Images In The Air | TechCrunch: "A Japanese company called Aerial Burton has been using lasers to ionize air molecules in midair for a few years now, thereby creating bright pixels that float in space. Using the original system, however, you were essentially creating floating plasma which could burn you if you touched it. Now, however, the company has reduced the power necessary to generate the images by using femtosecond lasers, a feat that lets you actually tap images to interact with them. LATEST CRUNCH REPORT Meerkat Launches Embeddable Live Stream Player | Crunch Report Watch More Episodes From Spectrum: Our system has the unique characteristic that the plasma is touchable. It was found that the contact between plasma and a finger causes a brighter light. This effect can be used as a cue of the contact. One possible control is touch interaction in which floating images change when touched by a user. The other is damage reduction. For safety, the plasma voxels are shut off within a single frame (17 ms = 1/60 s) when users touch the voxels. This is sufficiently less than the harmful exposure time (2,000 ms)."

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NEWS  |  UK Says Argentine Plan to Seize Falklands Oil Driller Assets 'Unlawful'  |  Rigzone

NEWS  |  UK Says Argentine Plan to Seize Falklands Oil Driller Assets 'Unlawful'  |  Rigzone: "Britain said on Monday any attempt by Argentina to seize the assets of oil drillers operating in the disputed Falkland Islands would be unlawful after Buenos Aires said it would pursue a local judge's order against six firms. On Saturday, a federal judge in Tierra del Fuego ordered the seizure of $156 million in bank accounts, boats and other property belonging to six European and U.S. oil companies operating in the islands. Argentine Foreign Minister Hector Timerman was quoted in the local press on Sunday as saying his country intended to pursue the case as part of its claim to the islands' sovereignty, something Britain rejects outright. "We have always been very clear that this is an unlawful assertion of jurisdiction over the Falklands Islands' continental shelf, which we reject, and we will raise it with the appropriate authorities," a spokeswoman for Britain's Foreign Office said, when asked how London would react. "We are satisfied that the islands have the right to develop their hydrocarbons sector as a legitimate commercial venture with international oil and gas companies, and will continue to support them as they move forward. Argentine domestic law does not apply to the Falkland Islands.""

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NEWS  |  BP, Anadarko Rejected by Top US Court on Gulf Spill Fines  |  Rigzone

NEWS  |  BP, Anadarko Rejected by Top US Court on Gulf Spill Fines  |  Rigzone: "The U.S. Supreme Court rejected appeals from BP Plc and Anadarko Petroleum Corp. and left intact a ruling that opens the companies to potentially billions of dollars in fines for the 2010 Gulf of Mexico oil spill. In declining to hear the appeal, the high court let stand a ruling by U.S. District Judge Carl Barbier in New Orleans that BP and Anadarko were automatically liable as co-owners of the Deepwater Horizon oil rig. Supreme Court intervention might have delayed Barbier’s pending ruling on a U.S. request for as much as $13.7 billion in civil fines from BP and more than $1 billion from Anadarko. His decision may come at any time. “We’re pleased with the decision,” Wyn Hornbuckle, a Justice Department spokesman, said in an e-mail."

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Friday, June 26, 2015

Independent Oil & Gas extends seismic remapping agreement with Baker Hughes

Independent Oil & Gas extends seismic remapping agreement with Baker Hughes: "Independent Oil and Gas PLC (IOG) is extending its seismic remapping agreement with Baker Hughes’ Reservoir Development Services (RDS) group to better understand resource potential for its Blythe and Cronx/Elgood projects in the Southern North Sea (SNS), with an expected delivery date of late July 2015. “We are pleased to strengthen our relationship with RDS as the initial results from the seismic remapping work are positive,” said Mark Routh, IOG’s CEO. “We expect that the resource plays beneath the Blythe and Cronx/Elgood fields are larger than first anticipated, and with additional reservoir understanding we can more than double our proven reserves, which are currently 3.0 MMboe.”"

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Thursday, June 25, 2015

Freeport-McMoRan Oil & Gas files for initial public offering - Houston Business Journal

Freeport-McMoRan Oil & Gas files for initial public offering - Houston Business Journal: "Houston-based Freeport-McMoRan Oil & Gas Inc. has filed a registration statement for an initial public offering that could raise up to $100 million. The number of shares to be offered, the price per share and the timing of the offering have not been decided, so that proposed maximum aggregate offering price might still change, according to the June 23 filing with the U.S. Securities and Exchange Commission. The company plans to list its common stock on the New York Stock Exchange under the ticker symbol "FMOG.""

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USAA Leads $24 Million Round For Connected Car Platform Automatic | TechCrunch

USAA Leads $24 Million Round For Connected Car Platform Automatic | TechCrunch: "Automatic, the connected car platform whose sensor and app combination is sometimes referred to as a “Fitbit for your car,” announced this morning $24 million in Series B funding, led by the investment arm at USAA, a top insurance and financial services provider for military families, which today counts 11 million members. Also participating in the round were new investors CDK Global, and Comcast Ventures, who join existing investors Y Combinator, RPM Ventures, Anthemis Group, Amicus Capital and angels Mark Goines, Jared Kopf, Rob Chandhok and Dan Rose. The company had never publicly announced its funding, but combined with earlier rounds, Automatic now says that it has raised $32 million in total. Automatic, which competes with a variety of connected car services including Dash, CarMD, Torque, Zubie, and many more, initially focused only on collecting data from your vehicle by way of a car adapter that plugs into the diagnostics port (OBD-II port). This allows it to gather information from your car’s on-board computer which is then shared with the Automatic smartphone app over Bluetooth. With the app, drivers can track their miles driven, MPG, fuel expenses, and more, plus take advantage of features like emergency crash response assistance and a parked car locator, for example."

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Amazon Unbundles Alexa Virtual Assistant From Echo With New Dev Tools | TechCrunch

Amazon Unbundles Alexa Virtual Assistant From Echo With New Dev Tools | TechCrunch: "Amazon has provided a strong answer to a desire I expressed only yesterday for broader software and hardware support for Alexa, its virtual assistant, and Echo, the speaker hardware that is the first platform wherein Alexa can be found. Today, Amazon announced an Alexa API set to let third-party developers easily build support for the system into their own apps; Alexa Voice Service, for integrating Alexa into connected hardware; and the Alexa Fund, as much as $100 million dedicated to supporting devs, gadget builders and startups who’re looking to build voice-powered experiences."

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eDrilling adds Geostreering to wellSIM

eDrilling adds Geostreering to wellSIM: "wellSIM is a dynamic downhole simulator, allowing for integration of client specific well data in early well planning, giving training a new meaning. wellSIM is an integral part of the eDrilling Life Cycle Drilling Simulation concept - advanced dynamic drilling models and diagnosis technology merged with 3D visualization into a “virtual wellbore”. The simulator is aimed at challenging drilling and well operations, including High Pressure - High Temperature wells, Through Tubing Rotary Drilling, Extended Reach Drilling, Managed Pressure Drilling and Dual Gradient Drilling."

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Wednesday, June 24, 2015

Netherlands loses landmark global warming case, ordered to cut emissions | Ars Technica

Netherlands loses landmark global warming case, ordered to cut emissions | Ars Technica: "In a landmark case that may set a very important precedent for other countries around the world, especially within Europe, the Dutch government has been ordered by the courts to cut greenhouse gas emissions by 25 percent. The ruling came from a class-action lawsuit that was brought before the Dutch courts by Urgenda in 2012. The case, rather magnificently, was based on human rights laws. Specifically, Urgenda asked the courts to "declare that global warming of more than 2 degrees Celsius will lead to a violation of fundamental human rights worldwide," and that the Dutch government is "acting unlawfully by not contributing its proportional share to preventing a global warming of more than 2 degrees Celsius." Today, a Dutch court at The Hague ruled in favour of Urgenda, ruling that the Netherlands' plans to cut emissions by only 14-17 percent from 1990 levels by 2020 were illegal. Moreover, the wording used by the judges in the ruling is incredibly strong and clear-cut: “The state should not hide behind the argument that the solution to the global climate problem does not depend solely on Dutch efforts ... Any reduction of emissions contributes to the prevention of dangerous climate change and as a developed country the Netherlands should take the lead in this.”"

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Jindal Launches His Bid For Energy Secretary Today… | The Hayride

Jindal Launches His Bid For Energy Secretary Today… | The Hayride: "…or perhaps HHS. He’s not really running for president. Anybody with a pair of functioning eyes can see that he’s wasting his time trying to get the 2016 Republican nomination; Jindal lacks any of the assets a successful candidate for president needs. He’s not from a large state. Were Jindal the governor of Texas, or Florida, or California or even Virginia or Ohio, he would be able to claim experience governing on a large scale as a qualification for the highest office in the land. Not to mention governing a large state gives you a large amount of media exposure. As governor of Louisiana, you get little of that – Louisiana has only one media market of sufficient size for the national news networks to maintain a bureau, and New Orleans isn’t even the state capitol – so his media prominence as a governor is nearly nil. He doesn’t have a signature accomplishment. This is not to say Jindal hasn’t done anything as Louisiana’s governor. To the contrary, he’s presided over some structural changes to state government that will have lasting positive effect. But privatizing the state’s charity hospitals, when no other state has charity hospitals, doesn’t quite resonate the way Scott Walker gutting the public-sector unions in Wisconsin does. And Jindal’s school-choice reforms, while unquestionably a step forward and highly likely to bring improvement in results over time, have been trumped by developments elsewhere – Nevada, for example. Had he been able to couple those reforms with a massive overhaul of Louisiana’s Byzantine tax system plus some meaningful pension reforms,or perhaps come up with an innovative solution for financing major improvements to Louisiana’s transportation infrastructure, he would have a record far more suggestive of presidential ambitions."

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Statoil cancels contract for COSL Pioneer

Statoil cancels contract for COSL Pioneer: "Statoil has decided to cancel its contract for the COSL Pioneer some 13 months before the expiry date of August 2016, Statoil announced Wednesday. Statoil has canceled its contract for the COSL Pioneer. Image: COSL. COSL Pioneer has been suspended since Oct. 8, 2014, and Statoil has not managed to find alternative activity for the rig during the intervening period. “We regret the need to have to cancel this contract and wish to emphasize that this is not due to how the rig has delivered,” said supply chain senior V.P., Jon Arnt Jacobsen. “COSL Pioneer and its crew have demonstrated a good safety culture and delivered efficient drilling operations to Statoil. Cancellation is a consequence of overcapacity in the rig portfolio.”"

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HARC receives grant to develop interactive well pad site

HARC receives grant to develop interactive well pad site: "Many people have never been on and may never have the opportunity to visit an active drilling or hydraulic fracturing site. Now, anyone with a computer can explore oil and gas development activities and encounter the numerous best practices and technologies industry can employ in order to develop reserves with less impact on the environment and communities. The Environmentally Friendly Drilling Systems (EFD) Program, managed by HARC (the Houston Advanced Research Center), released the EFD Virtual Site in 2012, featuring an interactive Virtual Drilling Rig. In 2014, a Virtual Hydraulic Fracturing Site was launched. This free educational tool was built using gaming software in order to interactively engage current and future energy employees, geologists, and environmental specialists, promoting environmental stewardship to all stakeholders. Now, the EFD Program has been awarded a grant from The Cynthia & George Mitchell Foundation for the development of the next phase of the interactive EFD Virtual Site, the EFD Virtual Well Pad Site. The EFD Virtual Site is free and available to the public. With funding from The Cynthia & George Mitchell Foundation, HARC will work with members of the EFD University and National Laboratory Alliance, as well as subject matter experts from industry, environmental organizations, and other stakeholders to develop the latest addition to the interactive, multimedia web application. Using this state-of-the-art gaming software, users can familiarize themselves with the best practices associated with oil and gas development, as well as increase their understanding of these operations."

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Louisiana Science Textbooks Blame Magician David Blaine For Disappearing Wetlands | THE PUSH POLE

Louisiana Science Textbooks Blame Magician David Blaine For Disappearing Wetlands | THE PUSH POLE: "Starting in 2016, Louisiana science textbooks will suggest that David Blaine has been using a powerful magic trick to make the wetlands vanish into thin air."

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Tuesday, June 23, 2015

Google Launches Free, Ad-Supported Version Of Play Music | TechCrunch

Google Launches Free, Ad-Supported Version Of Play Music | TechCrunch: "Fresh on the heels of the Apple Music launch, Google has just announced that Play Music will now offer a free, ad-supported version of the service to users who don’t want to pay $9.99/month. Play Music is Google’s music streaming service, meant to compete with the likes of Spotify, Apple Music, Tidal, etc. However, unlike the paid version, the free version launched today won’t let users choose their own songs to play on-demand. Instead users will have the option to choose from pre-curated playlists, similar to Pandora or iTunes Radio."

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Friday, June 12, 2015

NEWS  |  Aluminum Could Power AUV Operations in Oil, Gas  |  Rigzone

NEWS  |  Aluminum Could Power AUV Operations in Oil, Gas  |  Rigzone: "Aluminum could provide a new energy source for autonomous underwater vehicles (AUV) for oil and gas operations. Spun out from the Massachusetts Institute of Technology (MIT) 18 months ago, Open Water Power is seeking oil and gas industry partners to test its aluminum-water platform technology in the offshore oil and gas environment. Company officials told attendees at the Oil and Gas Innovation Summit in Houston in late April that their technology can expand by a factor of 10 the distance at which AUVs can operate, and can help the oil and gas industry cut costs and improve safety and efficiency as they seek to tap the world’s remaining hydrocarbon resources, much of which lies far offshore or under the Arctic ice."

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NEWS  |  Cubility Wins Multimillion Dollar Deal to Supply 'MudCube' to Statoil  |  Rigzone

NEWS  |  Cubility Wins Multimillion Dollar Deal to Supply 'MudCube' to Statoil  |  Rigzone: "Norwegian drilling efficiency firm Cubility announced late Thursday a multimillion dollar deal to provide its MudCube solution to Statoil for installation on the Johan Sverdrup field in the North Sea. Cubility said that MudCube is the industry's first compact solids control system that eliminates the traditional process of shaking fluid and solids, delivering improved drilling efficiencies, lower mud consumption, reduced waste volumes and improved health and safety.   "We are delighted that Cubility and our MudCube solution is to play such an important role on one of the most important industrial projects in Norway over the next 50 years – something that is testament to our long-term partnership and collaboration with Statoil," Cubility CEO Even Gjesdal commented in a company statement."

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Thursday, June 11, 2015

Hackers’ favorite target: Big oil and that deadly equipment

Hackers’ favorite target: Big oil and that deadly equipment: "Hackers have made the energy industry a favorite target. A study conducted in April by Symantec Corp., the world’s biggest cybersecurity firm, found that computer-system invaders attacked 43% of global mining, oil and gas companies at least once last year. In a separate survey, the same month, conducted for the Organization of American States by another security company, Trend Micro Inc., 47% of energy organizations reported attacks, the highest among all corporate sectors and surpassed only by governments. “Nowadays you have computers running everything,” said Alvaro Cardenas, a computer-science professor at the University of Texas at Dallas and a member of the Cyber Security Research and Education Institute. “You can create blackouts or oil spills and hurt a lot of people.” As if last year’s oil-price drop wasn’t enough, costs for energy companies rose faster than the U.S. average over the last five years, according to a study by the Poneman Institute for Hewlett-Packard Co. Cybercrimes cost energy and utilities companies an average of $13.2 million each a year for lost business and damaged equipment, higher than in any other industry, according to Poneman’s survey of 257 businesses. Spending worldwide on cybersecurity for oil and gas infrastructure will reach $1.9 billion by 2018, according to ABI Research, a technology data company with offices worldwide."

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Chevron seeks answers on why Big Foot stumbled before start

Chevron seeks answers on why Big Foot stumbled before start: "An equipment failure that’s delayed Chevron Corp.’s $5.1 billion Big Foot deepwater oil project will reduce the company’s production target by less than 25,000 bopd in 2017, the company said. More than a week after some of the production platform’s mooring cables sank in the Gulf of Mexico, Chevron continues to assess the damage and doesn’t know when repairs will start or finish, spokesman Kurt Glaubitz told Bloomberg Television. Remotely-operated vehicles have been roaming the seafloor examining the nine cables that sank. The incident forced Chevron to indefinitely delay this year’s planned start of crude production from the 200 MMbbl field. Big Foot is one of the linchpins in Chairman and CEO John Watson’s plan to boost worldwide production by 20% by the end of 2017. The delay in the project will reduce Chevron’s planned net increase of about 549,000 bopd by less than 25,000 bopd, or about 4.5%, Glaubitz said. The setback increases pressure on the company to avoid delays at the massive Gorgon and Wheatstone natural gas-export developments in Australia that are scheduled to commence this year and next, respectively."

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