Mexico’s federal government is taking measures to strengthen Petroleos Mexicanos’s (Pemex) financial position by providing a total liquidity of some US$4.2 billion (73.5 billion MXN), Mexico’s Secretariat of Finance and Public Credit (SHCP) announced today…
While Ensco adds two more rigs to its cold-stacked list, the rig provider sold one of its semisubmersibles for US$1 million. The Houston-based company has also seen several of its contracts shortened. Image from Ensco…
Aegion Corp. is on schedule to begin pipe coating and the application of pipe insulation material for use on the Shell Appomattox project in the deepwater Gulf of Mexico, this fall. The insulation material vendor for the project, Materia…
Antelope Oil Tool has developed the CentraMaxRT1 (rotating), PI1 (push-in) and PT1 (pull-through) Centralizer Subs, adding to the CentraMax product line. Image from Antelope. The…
Marathon Oil has agreed to sell its 10% stake in the giant Shenandoah oil discovery in the US Gulf of Mexico as part of a major sell-off of assets. The firm has already sold out most of its major assets in the Gulf of Mexico. In November last year…
The Cross Group has successfully completed subsea live well intervention operations on three TFL (through-flowline) template wells in the US Gulf of Mexico using its 3-1/16in 10,000 psi subsea convertible live well intervention package in 1800ft of water…
Wood Group has acquired Ingenious Inc., a supplier of proprietary software and consulting services to the global chemical, oil and gas, and energy industries. The acquisition provides a manufacturing operations management systems capability…
Noble Energy will plug and abandon its Silvergate prospect after failing to encounter commercial hydrocarbons in the Gulf of Mexico, and will move to drill an appraisal well at its Katmai discovery. Noble will move to drill at Katmai…
The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) has issued two calls for bids in the Eastern Newfoundland and Jeanne d’Arc Regions under the Scheduled Land Tenure Regime in the Canada-Newfoundland and Labrador Offshore Area…
Supermajor Chevron has cut 655 upstream jobs from its Houston workforce, adding to the list of oil and gas companies that have been hit by the low oil prices. John Watson, from Chevron. “In light of the current market environment…
The TRIYARDS Holdings built Lewek Constellation ice-class DP3 multi-lay vessel, was named Support Vessel of the Year at the 2016 Offshore Support Journal (OSJ) Awards. Only offshore support vessels (OSVs) deemed to have raised the bar…
Offshore rig count for March 2016 declined 33.4% when compared to March 2015, and 5% compared to February 2016. Image from Baker Hughes Twitter. According to Baker Hughes, there were a total of 241 vessels operating last month…
Shell has awarded Materia, and Aegion Corp. a contract to supply pipeline insulation materials for the Appomattox development in the deepwater Gulf of Mexico. The insulation system is unique among existing polymers in its ability to provide…
Searcher Seismic will begin the South Campeche Ultracube 3D seismic reprocessing project offshore Mexico that will merge three existing surveys. Map of the Ultracube project, from Searcher. In total…
The US Department of Justice (DOJ) is taking action and suing to block Halliburton’s US$34.6 billion takeover of Baker Hughes, claiming that the merger threatens to eliminate competition, raise prices and reduce innovation in the oilfield services industry…