Emerson Automation Solutions has launched the latest version of its reservoir characterization and modeling software, Roxar RMS 10.1. RMS 10.1. Image from Emerson. Through even…
Eni has increased its estimate of resources in place at the Amoca field offshore Mexico to 1 billion boe, following a successful appraisal well that is prompting the Italian giant to accelerate its development plan. Map from Eni…
Shell is buying the deepest floating production unit in the world, the Turritella floating production storage and offloading (FPSO) unit in a US$1 billion cash deal that will allow the supermajor to assume operatorship of the entire Stones development in the deepwater Gulf of Mexico…
Upon completing the analysis of royalty rates for offshore oil and gas leases, the US Bureau of Ocean Energy Management (BOEM) has decided to lower royalty rates for the Gulf of Mexico Lease Sale 249. BOEM has set the royalty rate at 12…
Statoil and partner Husky Energy have failed to discover hydrocarbons in the Flemish Pass Basin, offshore Newfoundland, the Norwegian giant announced today (10 July). The West Aquarius. Image from Seadrill…
Two Houston-based companies, Gibson Applied Technology & Engineering (GATE Energy) and Helix Energy Solutions robotics subsidiary Canyon Offshore signed a memorandum of understanding to jointly offer subsea blockage prevention, detection…
Cantium has taken over US supermajor Chevron’s Bay Marchand and Main Pass assets in the Gulf of Mexico. The takeover includes five fields located on the Gulf of Mexico’s Outer Continental Shelf (OCS) and in Louisiana state waters…
Otto Energy has farmed into the South Timbalier 224 (ST 224) lease, taking 25% stake in the Gulf of Mexico, with drilling expected to start later this year, and first production set for the end of 2018. Map of SM 71 (left) and ST 224 (right)…
AFGlobal has acquired Advanced Measurement (AMI), a provider of automation, controls and data management systems. AFGlobal says this acquisition enhances the company’s current upstream drilling, completion and production smart technology…
Canadian company SNC-Lavalin Group has completed its acquisition of the UK’s WS Atkins. WS Atkins is a consultant company in design, engineering and project management, with a leadership position across the infrastructure, transportation and energy sectors…
Sheffield Forgemasters' offshore oil and gas specialist, Vulcan SFM, secured a US$7.1 million (5.5 million GBP) contract with Samsung Heavy Industries (SHI) to supply 73 steel castings ranging from 0.5-tonne to 19.5-tonne, for a semisubmersible oil platform…
GE Oil & Gas and Baker Hughes today (3 July) completed their planned merger, which will create an entity that offers GE’s digital solutions and Baker Hughes domain expertise as oilfield services provider. Source…
Audrey Leon discusses the next game-changing intervention technologies with OE’s Deepwater Intervention Forum advisory board members ahead of this year’s show. Onboard the Well Enhancer looking…
While significant costs have been stripped out of the oil and gas industry, shale is fighting back. And, if the subsea industry is to survive, it will need more than just reduced costs, industry executives told the Underwater Technology Conference (UTC) in Bergen…
Elaine Maslin surveys a variety of floating offshore wind projects due onstream in the near future. Statoil’s Hywind project. Image from Statoil. This year, floating offshore…