ADCI Underwater Today

September 27, 2019

Fisk Marine Insurance International, LLC
INDUSTRY NEWS
Since 2007, the minimum commercial field size (MCFS) for deepwater standalone oil developments has varied between 130 and 650 MMboe, according to consultant Westwood, depending mainly on the exploration play. Joe Killen, analyst, Global Exploration & Production, said the oil price did not have significant impact on the MCFS because costs and development designs have adjusted to lower prices.

Visit https://www.offshore-mag.com/deepwater/article/14040565/westwood-assesses-threshold-for-deepwater-oil-projects to view the full article online.

 
 Talos Energy Inc. has entered into two separate agreements with BP plc and Exxon Mobil Corp. regarding new exploration opportunities in the US Gulf of Mexico. The company will work with BP to drill and evaluate the Puma West prospect on the Talos-owned Green Canyon block 821. Talos will retain a 25% working interest, with BP, as operator, holding the remaining working interest.

Visit https://www.offshore-mag.com/regional-reports/article/14040271/talos-makes-gulf-of-mexico-transactions-with-bp-exxonmobil to view the full article online.

 
Oil prices dropped about 2%, logging a second straight day of losses after U.S. crude inventories unexpectedly rose and on worries that demand could fall after U.S. President Donald Trump’s comments about trade talks with China.

Visit https://www.cnbc.com/2019/09/25/oil-markets-us-china-trade-relations-in-focus.html to view the full article online.

 
Chet Morrison Contractors, LLC
New On ADCI-TV
Dive Commercial International, Inc.
MESSAGE FROM THE EXECUTIVE DIRECTOR

This year the ADCI will award 2 Scholarships at $4,000.00 each.

 

Eligibility
This ADCI Scholarship is open to members of the community of all ADCI voting member companies who are current and in good standing with ADCI, with the exception of officers and/or directors of the ADCI Board of Directors or their immediate families. This award is available for any institution of higher learning after high school including universities, colleges, junior colleges, vocational training schools and trade schools.

 

Scholarship recipients will be honored at the Awards Dinner at Underwater Intervention 2020.

 

Deadline for submittal of nominations:
NOVEMBER 1, 2019

 

Please visit adc-int.org to download the application form.

Visit https://www.naylornetwork.com/adc-nwl/articles/index-v5.asp?aid=582437&issueID=59237 to view the full article online.

 

Recognizing and honoring individuals whose efforts and accomplishments have significantly contributed to commercial diving through a lifetime of dedication.

 

Nominees do not have to be commercial divers, but can be any individual who has been influential and who has made a significant and recognizable life-long contribution to the commercial diving community.

 

Inductees will be honored at the Awards Dinner at Underwater Intervention 2020.

 

For more information, contact
Phil Newsum
Executive Director
(281) 893-8388 or
phillip.newsum@adc-int.org

 

Deadline for submittal of nominations:
NOVEMBER 1, 2019

 

Please visit adc-int.org to download the nominations form and to learn more about the Commercial Diving Hall of Fame.

Visit https://www.naylornetwork.com/adc-nwl/articles/index-v5.asp?aid=582438&issueID=59237 to view the full article online.

 
UPCOMING EVENTS
Don't miss this annual diving conference, Oct.18-20 in Astoria, Oregon.

Visit https://www.naylornetwork.com/adc-nwl/pdf/HDS_Conference_flyer_as_of_5-17r2.pdf to view the full article online.

 
Naylor Association Solutions
INTERNATIONAL NEWS
The Irish Offshore Operators’ Association (IOOA) has responded to clarification from Ireland’s government on its proposals for future offshore exploration. Although the government announced at the United Nations Climate Action Summit that it plans to discontinue opening Ireland’s waters to exploration at some point, this only applies to future processes and not to concessions awarded under the country’s 2015 Licence Round. 

Visit https://www.offshore-mag.com/regional-reports/article/14040656/irish-operators-seek-meeting-on-governments-offshore-proposals to view the full article online.

 
ECOsubsea, the Norwegian provider of hull cleaning technology, has secured contracts to clean in North European ports of Antwerp and Zeebrugge. The cleaning system has now been approved for use in the two North European ports following around 500 vessel cleanings in Southampton and Norway and its proven ability to meet strict environmental requirements, the company explained.

Visit https://subseaworldnews.com/2019/09/25/ecosubsea-to-provide-hull-cleaning-in-ports-of-antwerp-and-zeebrugge/ to view the full article online.

 
Forum Energy Technologies
NEW PRODUCTS AND TECHNOLOGY
A new well abandonment tool developed by Aberdeen-headquartered Deep Casing Tools has gone from concept to offshore trial with Equinor in just nine months. Deep Casing Tools’ first prototype Casing Cement Breaker was trialed in a well on Equinor’s Huldra field in the Norwegian North Sea, as part of a plugging and abandonment program (P&A), just weeks after the Norwegian operator’s staff were introduced to the tool by drilling services company Archer.

Visit https://www.offshore-mag.com/drilling-completion/article/14040662/fasttrack-offshore-trial-proves-new-costreducing-pa-technology to view the full article online.

 
Ocean Power Technologies has signed two new contracts with Enel Green Power Chile (EGP), a subsidiary of Enel Chile, part of the Enel Group, for the sale of a PB3 PowerBuoy and the development and supply of an integrated Open Sea Lab. The combined value of the contracts exceeds US$1.9 million, and represents OPT’s first deployment off the coast of Chile.

Visit https://subseaworldnews.com/2019/09/24/opt-inks-two-new-contracts-with-enel-chile/ to view the full article online.

 
A new method of pressure testing suspended mudline wells from a vessel, prior to P&A activity, developed by Unity, is set to deliver improved safety and cost savings following a successful project for Spirit Energy.

Visit https://www.offshore-mag.com/drilling-completion/article/14040519/rigless-pa-technology-enables-safe-pressure-testing to view the full article online.