Gulf Of Mexico News


Strength in well invention work for Helix

Apr 22, 2013

Demand for well intervention services has continued to be strong in the Gulf of Mexico and North Sea, says Helix Energy Solutions. The Houston-based firm said that as well as a recent five year contract for its Q5000 semisubmersible, currently under construction in Singapore…

Bluewater signs up Seadrill's West Neptune

Apr 16, 2013

Seadrill has signed a contract with LLOG Bluewater Holdings for employment of the new-build drill-ship, West Neptune, offshore Gulf of Mexico.   The contract duration is a minimum of three years plus an option for a one-year extension at mutually agreed rates…

Subsea tiebacks: The latest strategies

Apr 15, 2013

Après the moratorium of deepwater drilling in the Gulf of Mexico, operators are once again exploring for opportunities offshore. Yet, escalating costs for production facilities can prohibit the profitability of some marginal fields. Jeannie…

Newbuild growth: Brazil, Africa, SE Asia and Australia

Apr 15, 2013

The FPSO market appears to be emerging from the economic downturn stronger than ever, with new project awards and forecasted capital expenditure expected to gain momentum throughout the next five years. While challenges certainly remain…

Rig Market Review

Apr 14, 2013

The global rig market is strong, with high utilization, high day rates, and nearly 200 offshore drilling rigs under construction. Drilling contractors are changing their fleet makeup, modernizing, streamlining, and concentrating on market sectors…

BOEM completes SEIS review

Apr 11, 2013

The Bureau of Ocean Energy Management has released a Final Supplemental Environmental Impact Statement (SEIS) for proposed oil and gas Lease Sales 233 and 231, the third and fourth sales scheduled in the current 2012-2017 Five Year Program.(Image…

Pangea LNG to export from Texas

Apr 10, 2013

A. The US Department of Energy granted Pangea LNG (North America) Holdings, long-term, multi-contract authorization to export up to 8 million tonnes per annum (mtpa) of LNG to free trade agreement nations from its south Texas LNG Project…

Stone secures Ensco rig for Cardona

Apr 08, 2013

Stone Energy Corp. hired an ENSCO drilling rig for its Cardona program at Mississippi Canyon block 29, the company announced on April 8, 2013.an ENSCO 8500 series drilling rigThe Ensco 8500 series dynamically-positioned deepwater drilling rig…

CGG sets seismic records in GOM

Apr 04, 2013

CGG announced today that its new fleet, with the addition of four high-end vessels from its recent acquisition of Fugro Geoscience, set two new industry records that highlight the strength of its marine capabilities. Firstly, through…

Apache adds 14 GOM blocks

Apr 02, 2013

Apache subsidiaries placed high bids on 14 blocks during the most recent Gulf of Mexico Lease Sale 227, the company announced on April 1, 2013.(Image: Chevron-Statoil ASA)Apache said it was the sole bidder on nine shallow water blocks on the continental shelf…

Why US gas hydrate potential is losing its fizz

Mar 28, 2013

Andrew McBarnet points to the signs that indicate previous enthusiasm for gas hydrate research in the US may be running out of steam. The announcement last month of significant progress in a key gas hydrates research project offshore…

Gulf of Mexico lease sale

Mar 27, 2013

The US Bureau of Ocean Energy Management and US Department of the Interior announced that Central Gulf of Mexico Lease Sale 227 will offer 28.6 million acres off Louisiana, Mississippi, and Alabama. The sale will take place this month in New Orleans…

Chevron hits Coronado pay

Mar 25, 2013

Chevron encountered more than 400 ft (122m) of net oil pay at its deepwater Coronado prospect well No.1 in the Gulf of Mexico, the company announced on 25 March 2013. Pacific Santa Ana (Image: Pacific Drilling) Coronado comprises Walker Ridge Block 98…

GOM lease sale raises US$1.2B

Mar 21, 2013

The latest Gulf of Mexico Lease Sale 227 held Wednesday drew $1.2 billion in high bids for tracts spanning the coasts of Louisiana, Mississippi and Alabama. Statoil was the highest bidder on 15 leases, the company announced on 20 March 2013…

FMC scores subsea contract duo

Mar 21, 2013

FMC Technologies, Inc. announced it has won multiple subsea contracts this week. Subsea tree (Image: FMC Technologies)The Houston-based equipment supplier said on March 21 that it won a $30 million subsea equipment order from LLOG Exploration Co…

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