Technology Info Crunch

Published in  Oil Industry News  on Friday, 31 March 2017 Subsea wireless automation provider WFS Technologies, and marine rental equipment specialist Seatronics, demonstrated drone-to-remote operated vehicle (ROV) wireless communications at a Subsea Internet of Things event in Houston. The demonstration took place in February at the Delta SubSea (DSS) test tank facility in Houston, Texas, and was attended by representatives from Shell, ExxonMobil, Chevron and BP. Seatooth wireless controllers were integrated with a Seatronics Predator II Inspection Class ROV and a DJI Inspire drone. Two-way data communications between the ROV and the drone were demonstrated while the ROV was submerged in a test tank and the drone flew overhead. “We are helping our customers to drive down costs. Using proven subsea wireless automation deployed by inspection and light class ROVs, we are delivering improved asset integrity information at a fraction of the cost” said Brendan Hyland, Chairman...

Published in  Oil Industry News  on Friday, 31 March 2017 Oil major BP (BP.L) expects its trading operations to benefit from growing global crude trade on the back of abundant U.S., Canadian and Brazilian production and rising energy demand in Asia, a top BP executive said. Tufan Erginbilgic, the head of BP's downstream division that includes one of the world's most powerful trading desks, told Reuters he wanted to expand BP's trading activities using long-term deals on third-party oil and products. U.S. shale oil production using fracking technology has turned the world's largest oil consumer into an exporter of crude and products, while Canada is developing its vast oil sands deposits and Brazil is developing huge offshore fields. "There will be more flows in the world because where crude production will increase is the U.S., Canada, Brazil, and refining will increase in Asia and the Middle East," Erginbilgic told Reuters in an interview. "We are...