McDermott International and CB&I today (18 December) unveiled plans to combine in an all-stock transaction valued at US$6 billion. McDermott's DB 50. The companies say the merger will create…
US explorer W&T Offshore's ST 224 #1 exploration well, in the South Timbalier license in the US Gulf of Mexico, was considered water bearing, according to partner Otto Energy. The well was drilled in 170ft water depth using the Enterprise 264 jackup and reached a total measured depth of 10…
Cobalt International Energy reported today (14 December) it has filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Southern District of Texas. But the company says it plans to conduct business as usual, with enough cash…
Shell has awarded a contract to UK forge Sheffield Forgemasters for castings for use on the Vito semisubmersible platform for the US Gulf of Mexico (GoM). The project will see the Sheffield Forgemasters' offshore oil and gas specialist…
Halliburton has released the Geometrix 4D shaped cutters, a line of four distinct geometric profiles to help improve cutting efficiency and increase control to reduce drilling costs. “The launch of Geometrix cutters demonstrates our…
Eni now estimates Area 1 in Mexico’s Campeche Bay to contain between 1.4 to 2 billion boe – 90% of which is oil -- thanks to Eni’s successful Tecoalli-2 well and revision to the reservoir models for the Amoca and Mitzon fields. Mexico's…
Mexico’s state-owned firm Pemex has canceled its tender for the Nobilis-Maximino farm-out that was scheduled to coincide with the country’s next deepwater round (2.4) in January. Juan Carlos Zepeda, president commissioner…
A team of researchers from the University of Houston (UH) is working with the oil industry to develop new ways to predict when an offshore drilling rig is at risk for a potentially catastrophic accident. Ramanan Krishnamoorti, UH's chief energy officer…
Geoseismic firm CGG has acquired the first 38,000-line km of multi-client airborne gravity and magnetic survey over Mexico’s Perdido Fold Belt. This survey is the first of six areas to be acquired in a wider program totaling 200,000 line km across the Mexican Gulf of Mexico…
The US Bureau of Safety and Environmental Enforcement (BSEE) has reported a fatality onboard the Petrobras 10,000 drillship, in Walker Ridge 469, 172 mi south of Port Fourchon, Louisiana. Petrobras 10…
US wind developers Cape Wind have applied to relinquish its lease offshore Massachusetts, which at one time had been set to be America's first offshore wind farm. A series of setbacks endured by Cape Wind allowed the honor of America's first…
Seanamic Group’s Umbilicals International has opened a new quayside manufacturing site in Channelview, Texas – just 30 minutes east of downtown Houston – today (5 December). Umbilicals International's Channelview facility…
Fugro has been awarded contracts by Ørsted to undertake geotechnical investigations at two large-scale offshore wind development sites. Ørsted is pursuing the development of these two new projects - Bay State Wind, located 15mi off the coast of Martha’s Vineyard…
Gaspar Franco Hernández, of CNH, discusses the abundant opportunity to develop Mexico’s over 200 mature fields (First published in the December 2017 OE, access the full issue here). Map of Mexico’s mature fields. Image from CNH. There are several definitions of mature fields…
The US Bureau of Safety and Environmental Enforcement (BSEE) has approved Eni’s drilling plans for the Beaufort Sea offshore Alaska. US Arctic offshore Source: BSEE The Italian-based exploration…