Fluor Corp. and Stork has announced that Fluor has signed an agreement with UK-based private equity firm Arle Capital Partners to acquire 100% of Stork Holding B.V., based in the Netherlands, for an investment of approximately US$755 million (€695 million)…
Image from IOG. Murphy Oil encountered hydrocarbon pay at its Thunder Bird sidetrack well in the Gulf of Mexico, but has decided to plug and abandon the well, due to the low oil price environment…
As a result of working closely with industry and listening to the needs of users, load cell designer and manufacturer LCM Systems has announced the launch of their re-designed wireless load shackles. The Telshack range is designed specifically for use in harsh…
Seatronics completed a project with marine services organization Meridian Ocean Services in Mexico to inspect and chart existing pipelines along the coast of Ciudad Del Carmen, which required a full survey equipment spread utilizing a Forum Comanche ROV…
Houston-based Marathon Oil's Solomon exploration well in the US Gulf of Mexico has been plugged and abandoned after not encountering its lower tertiary target interval. The well reached its total depth of approximately 34,600ft on Walker Ridge Block 225…
Schlumberger has decided to “right size” its organization with another round of job cuts this quarter that will see the oil services giant incur an estimated restructuring charge of about US$350 million. Schorn…
US Bureau of Safety and Environmental Enforcement Director Brian Salerno testified today (1 December) before a US congressional committee on Energy and Natural Resources defending a new well control rule, 30 CFR Part 250 released earlier this year…
Using steam to help increase oil recovery, particularly from heavy oil, is a well tried and tested technology, but not quite so offshore. Elaine Maslin looks at a bid to change that. Images from The Steam Oil Production Co…
Accredited well control training provider, Well Control School (WCS), has relocated its training center in Lafayette, Louisiana to 425 Settlers Trace Boulevard. WCS will hold its first classes in the new center on 30 November, 2015. The…
Walter Oil & Gas announced the installation of the recently completed Coelacanth Field platform at Ewing Bank Block 834 (EW 834) in the Gulf of Mexico. Image of Coelacanth Field’s platform heading to sea…
Italian explorer Eni has announced it will begin an exploratory drilling campaign at its three fields in the Bay of Campeche offshore Mexico. Eni representatives were in Mexico City on 30 November to sign a new production sharing contract…
The Louisiana US District Court ruled for Anadarko Petroleum to pay a US$159.5 million penalty for its role in the 2010 Deepwater Horizon disaster that spilled 3.19 MMbbl into the Gulf of Mexico, and left 11 people dead. Transocean's…
When OE turned 10 in 1985, we invited the leading figures in the offshore industry to reflect on highlights from the previous decade. Now that we’re older and wiser, we decided to yet again reach out to some familiar faces to not only reflect on the past…
Getting HPHT right is a real challenge for today’s industry, involving finding new materials, setting new standards and building competence in the industry. Elaine Maslin reports. Ian Penman, senior global technical advisor…
The University of Houston (UH) petroleum engineering program – started in 2009 with just 20 undergraduate students – has been elevated to a full department within the UH Cullen College of Engineering. The move was announced this month. The new department…