Entek Energy has agreed a deal with Peregrine Oil & Gas to sell its entire Gulf of Mexico portfolio. The interests comprise Entek’s respective 38% and 25% interests in the GA A133 and PN 975 blocks, and its overriding royalty interest in the VR 341/342 blocks…
More than 68,000 people from 120 countries attended this 2016 Offshore Technology Conference (OTC) in Houston, according to data from the organizers. The numbers were down 28% on 2015, which saw 94,700 attendees from 130 countries, and down 37% on the 46-year high notched up in 2014…
A team led by AJ Jain, Harkand North America managing director, has agreed to a management buyout (MBO) of Harkand’s North American and African business. The subsea inspection, repair and maintenance firm went into administration on Wednesday this week…
After equipping over 20 purpose supply vessels (PSV)/multipurpose supply vessels (MPSV), GE has been chosen by Hornbeck Offshore Services’ (HOS) to equip two next generation of US flagged, Jones Act-qualified MPSVs, to be constructed at Eastern Shipbuilding…
Baker Hughes says it expects to make some US$500 million annual savings by the end of 2016, as part of measures it is taking following the collapse of its proposed $34.6 billion merger with Halliburton. The initial phase of the cost reduction…
Californian high-pressure valves firm BuTech is showcasing a new line of high-pressure relief valves at this week's OTC in Houston. BuTech’s new relief valves feature a state-of-the-art repeatable release design that minimizes the need for frequent recalibration…
Cyberhawk Innovations, an aerial inspection and survey provider, is set to establish a Houston office. The new office comes as a result of increasing demand from existing oil and gas customers who recognize the significant cost and time…
Halliburton and Baker Hughes have terminated their proposed US$34.6 billion merger, both companies announced late Sunday, 1 May 2016. According to the terms of the merger proposal, Baker Hughes will receive $3.5 billion for the termination of the agreement…
Quest Offshore assesses the drilling, subsea, and marine construction dynamics affecting of one of the world’s pre-eminent deepwater basins amid the downturn. The Gulf of Mexico has long been a region of critical importance to the global deepwater industry…
The Energy Industries Council’s project tracking database EICDataStream is currently tracking 85 active and future projects in the US Gulf of Mexico, in various stages of development, and the outlook for 2017 and beyond is positive. Major…
Ken Richardson and Ian Simpson, of ABS, review current deepwater drillship designs and technologies. Friede & Goldman’s DS3810 deepwater drillship design, which is being evaluated by ABS for AIP…
Remaining competitive through the downturn is a tall order for some. Caitlin Shaw, of Quest Offshore Resources, examines how the exploration, drilling and subsea segments are expected to fare through 2017. The…
Anyone that reads this column every month will know that there have been some common themes to my take on the oil and gas industry this year. Welsh. First, is my criticism of…
Houston-based Seanic Ocean Systems has moved into a new deepwater hardware testing facility in Katy, Texas, just a few miles west of Houston’s Energy Corridor. The 5.5 acre facility features a large tank offering an alternative to the testing…
John Bradbury speaks with ExxonMobil’s Marilyn Tears ahead of her presentation at this year’s Underwater Technology Conference in Bergen, Norway. Tears. Marilyn Tears has already…