Anglo-Australian multinational mining, metals and petroleum company BHP Billiton has signed exploration licenses for two offshore Barbados blocks in what could be a return to drilling off the Caribbean Island. BHP is reported to be the…
The Offshore Technology Conference (OTC) announced the final line-up of nine speakers for its new event, d5, which will debut on Friday, 8 May 2015, the day following OTC 2015, at the University of Houston. Themed “The Next Big Thing…
The Offshore Technology Conference (OTC), the world’s foremost event for the development of offshore resources, announced that it will offer complimentary registration during Open Access Day on Thursday, 7 May. Attendees will be able…
Chet Morrison Contractors announced two changes to its senior management team. Leroy Guidry has been named president of Chet Morrison Contractors. In additon to this new position, he will continue to serve as chief financial officer…
This year’s OTC Spotlight Awards showcases innovation in offshore seismic, drilling, subsea operations, inspection, performance maintenance and monitoring, and more. Congratulations to the recipients! MultiNode…
Statoil Petroleum recently completed a North Sea inline isolation in order to facilitate the tie-in of its Valemon platform to its Huldra-Heimdal pipeline. The tie-in will require 27km (16mi) of pipe to be laid. Statoil chose SmartPlug isolation technology…
Advanced dynamic positioning (DP) vessels can now meet critical safety regulations while gaining operational flexibility, efficiency and cost savings through new design and monitoring methods. More operators are asking their drilling…
The Bureau of Ocean Energy Management (BOEM) proposes to conduct 10 oil and gas lease sales in the federal waters of the Gulf of Mexico (GOM), as outlined in the 2017-2022 Draft Proposed Leasing Program. BOEM published in the 29 April 2015…
Few countries have been hit harder by declining crude oil prices in recent months than Venezuela, reports energy business advisory firm Douglas Westwood (DW). Falling oil prices have compounded Venezuela’s debt situation because crude oil represents about 95% of the country’s exports…
Trelleborg’s offshore operation has launched its new mobile production unit (MPU), a portable coating facility that will enable onsite coating of thermal insulation, passive fire and corrosion protection. The MPU will provide advanced…
Kongsberg Maritime entered into a US$26.5 million contract to supply a complete electrical, instrument and telecom solution, including e-house, for the new Yinson Genesis floating production storage offloading unit (FPSO). The FPSO contract…
Enerpac and Al Masaood Trading, Dubai, supplied Lamprell with an EVO-series synchronous lifting system to weigh a newly completed jackup rig. Image from Enerpac. The Enerpac multifunctional…
Following an order announced in October 2013, MacGregor, part of Cargotec, delivered and commissioned 45 variable frequency drive (VFD) winches and a full control system for the recently completed heavy-lift crane barge Hyundai HLV-10000…
Italian energy company Eni started production two weeks ahead of schedule at the deep offshore Cinguvu oil field in the West Hub development project in Block 15/06 offshore Angola. The development is sited 350km northwest of Luanda and 130km west of Soyo…
Oilfield services companies are putting a brave face on the continuing market downturn, despite some reporting shrinking order books. Subsea 7 and Fugro reported shrinking order books in their 1Q results this morning. Subsea 7’s…