The US Department of the Interior (DOI) and Bureau of Ocean Energy Management (BOEM) are offering 122,405 acres offshore Kitty Hawk, North Carolina in a commercial wind lease sale in March. Map of wind energy areas off North Carolina…
Stabilizing oil prices have prompted producers to return to both shale and offshore projects, but the industry still needs to cut costs. A new workforce program offered by the University of Houston (UH) focuses on helping oil and gas…
Canadian junior firm Corridor Resources was issued exploration license EL-1153 from the Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) in exchange for the surrender of exploration license EL-1105 covering the Old Harry Prospect in the Gulf of St…
TechnipFMC is now operating as a unified, combined company following the completion of the US$13 billion merger of FMC Technologies and Technip. Image from TechnipFMC. Beyond today's pressures on the oil and gas industry…
McDermott will exercise its option to purchase Oceanteam’s 25% ownership in the vessel-owning company North Ocean 105 AS by the end of April 2017, according to joint venture partner Oceanteam. Under McDermott’s main credit facility agreement…
Global Energy Development (GED) has entered into two share purchase agreements to acquire a total of 11 offshore subsea service vessels, and a barge vessel, as it seeks to adopt a new business strategy focusing on the subsea oilfield services sector…
Qinterra Technologies has been awarded a three-year wireline tractor and instrumented intervention services contract with a deepwater oil and gas operator in the US Gulf of Mexico, effective immediately. The scope of the contract includes tractor conveyance…
US independent Hess will increase its 2017 exploration and production (E&P) budget, turning its attention to activity offshore Norway, Guyana, and the Gulf of Mexico, the company announced on 12 January. Image from Hess…
Pacific Radiance, a provider of integrated offshore marine support services, has re-established its presence in the Middle East with its recently inked multi-year contracts worth up to US$68 million, including options. Under the multi…
GE Oil & Gas and Transocean signed a US$180 million contractual service agreement (CSA), to further maximize productivity and lower operating costs for Transocean. As a pioneer of new business models and performance-based service agreements…
In this video, BP shows its global plans for 2017. The supermajor will focus on several of its projects including Thunder Horse in the Gulf of Mexico; Shah Deniz 2 in the Caspian Sea off Azerbaijan; Juniper off Trinidad and Tobago; Quad 204 off the UK; and much more.
The US Bureau of Ocean Management (BOEM) has appointed Walter Cruickshank, Ph.D., as the acting director. Image of Cruickshank, from BOEM. As deputy director, and currently acting director of BOEM…
The American Petroleum Institute (API) reported the total wells drilled and completed in Q4 2016 decreased 8.8% when compared to Q3 2016. This decrease shows a drastic improvement from the same period in 2015 which saw a 21% decrease in total wells drilled and completed…
Audrey Leon speaks with Tom Adams, vice president, Power Business Development, at ABS Group, to find out how the firm is offering its inspection and quality assurance services to the offshore wind industry. Image from iStock…
ExxonMobil has developed cMIST, a technology which dehydrates natural gas using a patented absorption system inside pipes and replaces the need for conventional dehydration tower technology. This inline technology could be deployed at both…
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