As expected, Hercules Offshore Inc. plans to file for Chapter 11 bankruptcy protection next month as a final solution to its US$1.2 billion debt woes. The firm is one of the first to crash and burn as a result of insufficient cash flow due…
Louisiana-based LLOG Exploration Offshore (LLOG) awarded Houston-based McDermott International a lump sum contract to support LLOG’s Otis development located in the Gulf of Mexico. LV 105. From McDermott…
The Bureau of Ocean Energy Management (BOEM) completed its required evaluation of bids to ensure that the public receives fair market value for tracts leased as part of the Gulf of Mexico Central Planning Area Oil and Gas Lease Sale 235.…
The Bureau of Ocean Energy Management (BOEM) awarded GulfSlope Energy two offshore lease blocks for which it was the high bidder at offshore lease sale 235 in the central Gulf of Mexico. The company will control 107,961 acres covering 19 prospects…
Tropical storm Bill in the Gulf of Mexico (GOM) is causing rig evacuations. The storm is 300mi wide, with winds up to 50 mph and rainfall from 6-10in in some areas. Tropical Storm Bill (2015). From NOAA's National Hurricane Center Facebook…
Spectrum announced that their vessel has arrived in Mexico and started the acquisition of their Gulf of Mexico 2D campaign, in collaboration with Schlumberger. The first phase of the acquisition program Mexico Campeche-Yucatan 2D Regional…
Petróleos Mexicanos (PEMEX) discovered four new shallow water fields offshore Mexico with the potential to produce at least 200,000 b/d of crude oil and 170 Bcf/d of gas. Map of shallow water discoveries off Campeche and Tabasco…
Chevron awarded Technip a lump sum project for the decommissioning of the brownfield development and installation of new subsea equipment supporting a floating production system located in Mississippi Canyon, Gulf of Mexico, in a water depth of approximately 2000m…
There were many memorable presentations and product demonstrations at this year’s Offshore Technology Conference in Houston this past May. OE Staff reports on a few notable discussions. Safety post-Macondo This year marks the fifth anniversary of the Deepwater Horizon disaster…
Fugro completed a year-long wellhead monitoring project for BP Americas measuring BOP stack motions and calculating wellhead fatigue during a deployment in the Gulf of Mexico. The drilling campaign was conducted throughout 2014 in…
EMAS AMC’s subsea construction vessel, the Lewek Constellation, established an industry record for pipelay in the US Gulf of Mexico (GoM) in 7368ft (2246m) of water during her sea trials. The Lewek Constellation…
A former high-ranking BP executive, David I. Rainey, has been acquitted of charges relating to the 2010 Deepwater Horizon accident. On Friday, the US District Court for the Eastern District of Louisiana dismissed charges that Rainey,…
Electromagnetic Geoservices (EMGS) will return to Mexican waters for Petróleos Mexicanos (PEMEX) to continue a 3D electromagnetic (EM) acquisition that was part of a 2013 contract between the two companies. The BOA Galatea…
First production for Chevron’s Big Foot in the Gulf of Mexico is being delayed after its subsea installation tendons suffered damages. Big Foot. From Chevron. The US supermajor…
LLOG Exploration and its partners Ridgewood Energy and Stone Energy Corp. drilled a successful exploration test at the Viosca Knoll 959 “Crown & Anchor” prospect. The initial exploratory well encountered greater than 50ft of net oil bearing sand in a high-quality Miocene reservoir…
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