The next few years could see major investments in Colombian waters and last year’s bid round has independents, NOCs, and majors heading to the country’s Caribbean shores. Colombia is South America’s fourth largest oil producer with 2 billion barrels of proved oil reserves…
Pemex Exploration and Production has recently drilled three successful wells testing the deepwater Perdido Fold Belt, but questions remain about the NOC’s timing to develop the offshore discoveries. Mexico’s earliest deepwater exploration was in 2003…
The US Dept. of the Interior's Bureau of Ocean Energy Management (BOEM) announced final details for the Western Gulf of Mexico Lease Sale 233. The sale will take place on August 28 and will cover about 20.7 million acres off Texas for oil and gas exploration and development…
Offshore Installation Services Ltd (OIS), an Acteon company, launched a new service designed to help operators fulfill their suspended well decommissioning plans. Wellintel is a well data collection and review service that gathers and prepares…
Helix Energy Solutions Group, Inc. announced plans to proceed with the construction of a second newbuild semisubmersible well intervention vessel, to be named the Q7000. Owen Kratz, Helix’s President and CEO, stated, “Based on strong market…
The offshore oil and gas industry has changed tremendously over the last several years. Moving into deeper waters has created challenges in operations that would be considered commonplace in shallow water projects. Deeper water has not only made tasks more complicated…
Statoil details the load out process and sail away of a 10,600-ton topsides model destined for its Gudrun field, in the Norwegian North Sea, from Aibel's shipyard in Haugesund, Norway. Read more about the topside's journey here.
Sophisticated monitoring systems on floating production systems can provide real time information for operational support and to improve performance, but a holistic approach is needed to be fully beneficial. Louise Ledgard, head of oil and gas business development…
Wärtsilä’s acquisition of the British-headquartered, global engineering company Hamworthy early in 2012 has added a portfolio of high technology products and systems to the Finnish power solutions company’s offering including vessel internal electrostatic coalescer (VIEC) technology…
The lead ships classed by Lloyd’s Register incorporate advanced design, containment and operational features as well as the ability to cope with the harsh operating environment of the Arctic. Dynagas, the liquefied natural gas (LNG) shipping…
As subsea production systems are entering a new era, Statoil is finding that designing, qualifying and installing the subsea factory is just the start—the future will require a new breed of vessel, Elaine Maslin explains. Earlier this summer…
The global offshore heavy lift market is fragmented, but evolving, with new vessels expected to bring a step change in capability and flexibility. Elaine Maslin reports. Offshore heavy lifting capability has increased in waves, from the early heavy lifts of just a few hundred tonne…
Many arguments about the capabilities of a tug can be quickly settled when you can conduct a full-ahead power, bollard pull test. “Many captains will argue about horsepower, hull design, rudder angles, and other variables, but the only…
Active heave compensation has become a must-have for offshore lifting and landing. But is it the best solution? Heave compensation systems were introduced to the offshore market in the early 1980s to enable the safe landing and lifting of loads…
Trans Adriatic Pipeline AG (TAP) announced today that BP Plc, Azeri SOCAR, France's Total SA, and Belgian Fluxys—members of the international consortium developing the giant Shah Deniz field in Azerbaijan—have exercised their option to join the Trans Adriatic Pipeline AG (TAP)…