While the Caribbean may not be rich in traditional petroleum energy resources, the evolution of renewable energy has revealed that the region possesses an abundance of another valuable source – water. Minister in the Prime Minister’s Office with responsibility for Energy…
Trelleborg’s offshore operation has been awarded its first order for drill riser buoyancy modules (DRBM) and riser protection by engineering, procurement, construction and installation contractor, Hyundai Heavy Industries (HHI) in Korea. For Trelleborg…
Forum Energy Technologies, Inc. received an order from Subsea 7 SA to supply eight work-class remotely operated vehicle (ROV) systems. The ROVs will be delivered through late 2014 and 2015. The order comprises two Perry™ XLX Evo 200HP…
Belgium's Exmar and Canada's Pacific Rubiales Energy (PRE), through its wholly-owned affiliate Pacific Midstream Holding, announced the ordering of a barge-based floating LNG regasification unit under a 50/50 joint venture. The unit will…
Douglas-Westwood has released its 12th World Deepwater Market Forecast (2014-2018), suggesting that deepwater spend will surge from 2016 onwards. Deepwater expenditure is expected to increase by 130%, compared to the preceding five-year period…
A closer look at the integration and delivery of first oil in Mars B through the Olympus tension-leg platform.
Shell announced it has begun production from the Mars B development through Olympus, its seventh, and largest, floating deepwater platform in the Gulf of Mexico. It is the first deepwater project in the region to expand an existing oil and gas field with significant new infrastructure…
On 30 Jan 2014, House Government Bill C-22 was introduced in the second session of Canada's 41st Parliament, amending the Canada Oil and Gas Operations Act for, among other matters, new requirements for regulatory preauthorization of…
Update: The Bureau of Safety and Environment Enforcement (BSEE) announced that weighted drilling fluids pumped into well A-7 stopped the uncontrolled gas flow in Vermilion block 356 in the Gulf of Mexico. BSEE approved operator EnVen’s plan to kill the well with mud…
Royal Dutch Shell has said it will quit its 2014 plans for drilling offshore Alaska, cut capital spending, and increase the pace of assets sales, the oil major’s CEO Ben van Beurden (pictured) announced today. Shell's U-turn on Alaskan drilling follows a profit warning last week and…
PEMEX Exploración y Producción (PEP) has chosen a Spanish ship builder for the construction of two ship-shaped flotels. One will be built at the Navantias' Ferrol Estuary shipyard on the northwest coast of Spain. The construction of the…
Houston-based ION Geophysical Corp. has increased its ownership interest in OceanGeo B.V., a geophysical company specializing in multicomponent ocean bottom seismic acquisition using ocean-bottom cables (OBC). ION now owns 70% of OceanGeo…
This video shows the launch of the first of six new 302'x64' LNG OSVs built for Harvey Gulf International Marine by Gulf Coast Shipyard Group (GCSG). The first of these GCSG-built Harvey Gulf OSVs will be moved to GCSG’s newly commissioned…
Vagit Alekperov, OAO LUKOIL President, and Emilio Lozoya, General Director of Mexico’s Pemex, signed a cooperation agreement today at the World Economic Forum Annual Meeting in Davos, Switzerland. The document was signed in the presence of Enrique Peña Nieto…
Mexican state-owned oil company Petroleos Mexicanos says it will not begin exporting high-quality Olmeca crude to Europe until the second half of February. Pemex said on 6 Jan, that exports of the extra-light Olmeca would begin in January…