It’s been five years since BP’s Deepwater Horizon spill and in a new report, the company says that the GoM is returning to its baseline condition. Image of Deepwater Horizon. From USCG. According…
New analysis by Wood Mackenzie looks at Mexico's Round One shallow water opportunities, a licensing round that includes nine shallow-water fields with a total of 356 MMboe of 2P reserves. These fields, which have not yet been put into production…
While most oil and gas operators and service companies are reducing expenses to keep costs down, some companies are beginning to falter due to financial distress. This month alone, two Houston-based companies, BPZ Energy (which trades under the name BPZ Resources) and Cal Dive International…
SURF contractor Ceona has secured a Letter of Intent (LOI) for the company’s newbuild flagship field development vessel, the Ceona Amazon in the US Gulf of Mexico. The contract will be the Ceona Amazon's first as well as Ceona’s first…
Scotland’s Paradigm Drilling Services is establishing its presence in Mexico by investing an initial US$5 million into the country and creating a Mexican subsidiary, Paradigm Drilling Services Mexico. Innes…
Shell took delivery of an offshore supply vessel for its deepwater operations in the Gulf of Mexico (GoM), from Harvey Gulf International Marine. The Harvey Energy is 302 ft. and operates on three dual-fuel Wärtsilä engines. It will…
Woodside Petroleum's proposed acquisition of Houston-based Apache's interests in the Wheatstone, Balnaves and Kitimat projects are moving forward after the Australian Competition and Consumer Commission (ACCC) announced that it will not oppose the deal…
Bureau of Ocean Energy Management (BOEM) Director Abigail Ross Hopper announced the bureau will offer more than 21 million acres offshore Texas for oil and gas exploration and development in a lease sale that will include all available unleased areas in the Western Gulf of Mexico Planning Area…
The recent downturn in oil prices is expected to have minimal direct impact on Gulf of Mexico (GOM) crude oil production through 2016 because of the long timelines associated with GOM projects, according to a new report by the US Energy Information Administration (EIA)…
Bordelon Marine is partnering with Susan G. Komen to christen the MV Shelia Bordelon on 20 March 2015 at Bordelon Marine Shipbuilders in Houma, Louisiana. As part of its partnership Bordelon Marine will donate a portion of the profits from its ship…
Repsol’s Director for Exploration and Production Technology Santiago Quesada discusses the company’s partnership with IBM aimed at developing cognitive technologies for better decision-making. As demand for oil and gas increases and oil plays mature…
Most of the Mexican side of the Gulf of Mexico remains unexplored. Dan McConnell explores the geotechnical knowns and unknowns in the basin. Acquiring geotechnical data for platform foundation design in Mexico’s Bay of Campeche Image from Fugro…
Chevron awarded INTECSEA a contract to provide engineering and long-lead procurement services for the front-end engineering & design (FEED) phase of the Buckskin/Moccasin development in the Gulf of Mexico. Map provided by Chevron…
Hercules Offshore received a notice from Saudi Aramco to terminate its drilling contract for the Hercules 261, effective 27 March 2015. Hercules says it is in the process of seeking a basis for continuing the Hercules 261 contract. The…
Oil and gas services provider Petrofac has agreed to form a strategic marketing alliance with McDermott International in the deepwater, subsea umbilicals, risers and flowlines (SURF) sector. Under a Memorandum of Understanding (MoU), the two will form a five-year alliance…