Liftboats started as a concept in South Louisiana with the first-known liftboats conceived in Braithwaite. The technology was developed locally and has continued to improve. A liftboat is a self elevating, self-propelled vessel equipped with…
TGS-NOPEC Geophysical Company (TGS) announced at its Capital Markets Day that it will embark on several new partnerships. TGS and Electromagnetic Geoservices ASA (EMGS) agreed to jointly development multi-client projects in defined areas in northwestern Europe…
Wood Group PSN (WGPSN) will deliver operations & maintenance services to Hess Corporation's Baldpate production platform in the deepwater Gulf of Mexico, under a new five-year contract. WGPSN will also provide these services to Hess for…
Reamco, Inc. was presented with the President’s “E” Award for Exports by U.S. Acting Secretary of Commerce Rebecca Blank at a ceremony on May 20, 2013, in Washington, D.C. The “E” Awards are the highest recognition any U.S. entity may receive…
Bureau Veritas Certification is pleased to announce its provisional accreditation as an official SEMS Audit Service Provider for the Center for Offshore Safety (COS). Originally introduced as recommended practice RP 75 in 1990, the Safety…
Gilbralter-base shipyard Gibdock has completed a refit of the seismic vessel WG Cook for WesternGeco. WG Cook is one of six 12-streamer 3D seismic ships delivered to the owner in 2010. The 19-day project was completed on time and with…
Hercules Offshore, Inc. announced that it has entered into an agreement for the sale of eleven inland barge rigs, which includes three active rigs, eight cold stacked rigs, and related assets ('Inland Asset Package') for cash proceeds of approximately $45 million…
The US Senate has confirmed MIT physics professor Ernest Moniz as Barack Obama’s new Energy Secretary, replacing outgoing Secretary Stephen Chu. President Barack Obama congratulated Moniz on his successful confirmation hearing, where the Senate voted unanimously…
E&P companies are ramping up exploration of deepwater and ultra-deepwater reservoirs, encouraged by attractive oil prices. New developments spread across offshore Africa, Asia Pacific, Europe, Middle East and North and South America. Jeannie…
Tenaris announced it will invest $70 million to build a new sucker rods mill with a production capacity of 1,800,000 units per year, in order to reduce lead times and improve service for customers in the growing North American market. It…
Chevron encountered more than 400ft of net oil pay at its deepwater Coronado well No. 1 in the US Gulf of Mexico. Coronado comprises Walker Ridge Block 98. The No. 1 well is located approximately 190 miles off the Louisiana coast in 6,127ft of water…
Buccaneer Energy has spud the shallow water Cosmo No. 1 well located in Alaska's Cook Inlet, near Anchor Point on the Kenai Peninsula, the company announced on 13 May 2013. Buccaneer used the Endeavour - Spirit of Independence jack-up rig…
COLLOQUY: Editor's Column The structure of the Mexican oil industry is on the verge of change, driven by a need to increase revenues and build reserves. The consensus is that Mexican fields are aging, production is declining, and although…
Royal Dutch Shell plc (Shell) has announced a final investment decision in the Stones ultra-deepwater project, a Gulf of Mexico oil and gas development expected to host the deepest production facility in the world. This decision sets…
ExxonMobil and 50/50 partner Statoil will commence development on the Julia oil field in the US Gulf of Mexico, the companies announced on 7 May 2013. The project's capital costs could total more than US$4 billion. “The development of…