Floating production and mooring specialists SBM Offshore is cutting 1200 jobs and relocating its headquarters from Monaco to Amsterdam, the firm announced this morning. SBM said: 'In light of market conditions and in order to optimize the company's cost base…
Private equity back exploration outfit EPSI has made a NOK6/share offer for the remaining shares of Norwegian exploration firm Rocksource, valuing the firm at US$82 million. EPSI, a HitecVision VII investment, initially increased its holding in Rocksource to 33…
Phoenix, Arizona-headquartered Freeport-McMoRan boosted its production estimates on both its Holstein Deep and Dorado developments in the Gulf of Mexico, the company announced on 4 December. Freeport-McMorRan said it expects to achieve 30…
Stone Energy’s Cardona deepwater development in the US Gulf of Mexico came online in November ahead of its sanctioned schedule and under budget. Image from Stone Energy. Cardona is located…
Production of crude oil and natural gas began for Chevron Corp.’s Jack/St. Malo project in the deepwater US Gulf of Mexico (GoM). The Jack/St Malo semisubmersible floating production unit. From Chevron…
Hess Corp. awarded Proserve a contract worth in excess of US$20 million for the provision of a 12-well subsea control system along with associated topside and subsea interface equipment for the deepwater Stampede development, in the Gulf of Mexico (GoM)…
InterMoor successfully completed the installation and hook up of the permanent mooring system for the Delta House field floating production system (FPS) in the Gulf of Mexico. InterMoor crew hook up at Delta House…
With help from experts Infield and Gaffney Cline & Associates, OE compiled a list of the biggest oil and gas discoveries in the last 12 months, and of the last 10 years. The year’s top oil discovery: Gila (Gulf of Mexico) In December 2013…
Deepwater is a big play for Chevron – one which comes with challenges that the super major is working hard to overcome. Transocean’s drillship Discoverer Deep Seas, which drilled at Chevron’s Tahiti prospect…
OE spoke with experts from Halliburton, Hess and Weatherford to answer the question: “What have been the top achievements in drilling technology in the last five years?” Hess Corp. List provided by Dr…
As development gets deeper, so does pipelay operations. OE asked some of the leaders in the field what they see as the most challenging aspects of deepwater pipelay. EMAS AMC EMAS AMC’s newbuild Lewek Constellation…
GlobalData analyst Gregory Bosunga takes a look at the ten most challenging pipelay jobs around the world. McDermott subsea construction vessel NO102 installed umbilicals totaling 65mi with other related subsea structures for Jack/St…
OE spoke with experts from CGG and Ion Geophysical to ascertain where the next frontiers of future offshore oil and gas exploration will be located. These areas are certain to blossom over the next five years. Here’s how the experts answered…
Petróleos Mexicanos (Pemex) installed the CA-Litoral-A production processing and compression platform in the Tsimin-Xux development project in the Bay of Campeche, Gulf of Mexico (GoM). Image from Pemex…
According to the National Ocean Industries Association (NOIA), there is untapped potential of offshore energy located in the Eastern Gulf of Mexico (GoM) that could greatly benefit the US. That is, if the Eastern GoM were opened to offshore oil and natural gas development…