TGS started the Otos multibeam survey and the first stage of a seep and geochemistry program in the US Gulf of Mexico. The survey is designed to mirror the successful Gigante multibeam and seep study in the Mexican Gulf of Mexico, conducted in 2016…
The floating production systems market remains challenging. Will cost-cutting measures made over the past two years help projects reach final investment decision in 2017? Infield’s Catarina Podevyn assesses the market. Johan Castberg…
Operating in HPHT conditions have led to thicker, heavier subsea equipment that can hold up to extreme environments. Atul Ganpatye and Kenneth Bhalla, of Stress Engineering, discuss challenges associated with the design of this equipment…
Anadarko has its eyes set on Colombia, announcing further drilling plans in the Purple Angel block, and opportunities it has identified through the Esmeralda 3D seismic survey in the area. Map of Gorgon…
US giant ExxonMobil announced it will start five major offshore projects in 2017-2018, in addition to a Q4 2016 earnings of US$3.7 billion, which took a $2 billion impairment charge from its upstream sector. Image from Exxon…
Pacific Exploration & Production Corp. has appointed Barry Larson as its new chief executive officer, effective 20 February 2017. Larson will be based at the company's operating headquarters in Bogotá, Colombia. Jim Latimer will continue…
Offshore geoscience and geotechnical engineering consultancy Cathie Associates, has formed a US entity: Cathie Associates Inc in Boston, Massachusetts. The move is part of the company’s plans for international expansion and will enable them to serve offshore wind development in the US…
Chevron posted total earnings of US$415 million for Q4 2016, however, posted a loss for full-year 2016 that the US supermajor says were due to the low oil prices. Image from Chevron. Chevron’s Q4 2016 earnings reflected a gain…
Murphy Oil announced a partnership with supermajor Chevron in the Gulf of Mexico in Q4 2016, in addition to suffering from a net loss of US$64 million during the period, and an even bigger loss for the year. Image from Murphy…
Hess Corp. posted a US$4.9 billion net loss in Q4, as the company moves forward to focus on its developments offshore Thailand and in the Gulf of Mexico, which are expected to contribute significant production and cash flow. The…
Vaalco Energy reported strong Q4 and full year 2016 production results. Image from Vaalco. Production for Q4 2016 averaged approximately boe/d, above the previously provided guidance range of 3300-3600 boe/d…
BP is forecasting that renewables will become the fastest growing fuel source by 2035, nearly quadrupling over the next 20 years, according to the UK oil giant’s latest Energy Outlook. Image from BP…
The Secretary General of the Organization of the Petroleum Exporting Countries (OPEC), H.E. Mohammad Sanusi Barkindo, will deliver remarks to delegates during CERAWeek 2017, 6-10 March at the Hilton Americas—Houston. Barkindo will appear…
EnerQuip, designer and manufacture of torque machines and associated products, has opened a new facility in Houston following a growing demand for its products and services. The company has invested US$1 million in this facility, EnerQuip Torque Solutions Inc…
The Bureau of Safety and Environmental Enforcement (BSEE) and US Coast Guard (USCG) signed four revised memorandums of agreement (MOAs) this week in order to improve regulatory collaboration related to the energy industry on the US Outer Continental Shelf (OCS)…