Well intervention spending has been hit harder than other areas, but it is not due to a lack of opportunities. Elaine Maslin reports. Island Offshore’s Island Frontier. Image from Island Offshore…
Karen Boman charts Chevron’s success at its large Jack/St. Malo development in the deepwater Gulf of Mexico, a project that was sanctioned just prior to the downturn. McDermott’s North Ocean 102 at work…
EIC’s Andrew Scutter details the challenges and opportunities present offshore Senegal and Mauritania. Senegal Discoveries Map.Image from Far Ltd. During a challenging period for the industry…
Elaine Maslin surveys a variety of floating offshore wind projects due onstream in the near future. Statoil’s Hywind project. Image from Statoil. This year, floating offshore…
HWCG’s David Coatney stresses the importance of developing comprehensive response plans to prevent deepwater blowouts. Photo from HWCG. To respond to future offshore deepwater drilling incidents…
The Taiwan Strait could be on the verge of an offshore wind boom. Elaine Maslin reports on ambitious targets and challenges. Image from iStock. Taiwan has set itself an ambitious offshore energy target…
While significant costs have been stripped out of the oil and gas industry, shale is fighting back. And, if the subsea industry is to survive, it will need more than just reduced costs, industry executives told the Underwater Technology Conference (UTC) in Bergen…
Elaine Maslin examines the market for wave and tidal, and reports on industry efforts to drive down costs and eventually scale up. A Tocardo device, supported on a Damen-built “UFS,” at Hatston Pier…
Composite for coiled tubing has been tried before, but the industry wasn’t ready yet. Norway’s Prototech is taking another look. New software optimizes composite pipe based on typical CT loading conditions…
Baker Hughes stockholders voted 99% to approve its merger with GE Oil & Gas, the company announced today (30 June). The company says that shares voted at the meeting represent approximately 86% of Baker Hughes' shares outstanding as of the record date for the meeting…
Fractured basement explorer Hurricane Energy is set to raise US$520 million to help it fund its Lancaster early production system (EPS), west of Shetland. The cash would be through a $300 million in a share placing and a further $220 million in a convertible bond offering…
Subsea 7 has acquired parts of EMAS Chiyoda Subsea (ECS), following the firm's fall into Chapter 11 bankruptcy proceedings in the US. The Lewek Constellation. Subsea…
The U.S. Department of Interior (DOI) is taking its first step in fulfilling the Trump administration’s pledge to expand Outer Continental Shelf (OCS) oil and gas leasing opportunities by submitting a request for information (RFI) to create a new 2017-2022 offshore lease plan…
BP has decided to exit its 50% interest in Block 24/11 offshore southern Angola after concluding that its 2014 Katambi gas discovery there is not commercial. Due to the exit from Block 24/11 and other exploration write-offs in Angola…
The Norwegian Petroleum Directorate (NPD) has granted Lundin Petroleum subsidiary Lundin Norway AS a drilling permit to drill a wildcat well in the Barents Sea. The company will drill well 7220/6-3 in Production License 609 using the Leiv Eiriksson semisubmersible…