The Bureau of Ocean Energy Management (BOEM) proposes to conduct 10 oil and gas lease sales in the federal waters of the Gulf of Mexico (GOM), as outlined in the 2017-2022 Draft Proposed Leasing Program. BOEM published in the 29 April 2015…
Few countries have been hit harder by declining crude oil prices in recent months than Venezuela, reports energy business advisory firm Douglas Westwood (DW). Falling oil prices have compounded Venezuela’s debt situation because crude oil represents about 95% of the country’s exports…
Kongsberg Maritime entered into a US$26.5 million contract to supply a complete electrical, instrument and telecom solution, including e-house, for the new Yinson Genesis floating production storage offloading unit (FPSO). The FPSO contract…
Italian energy company Eni started production two weeks ahead of schedule at the deep offshore Cinguvu oil field in the West Hub development project in Block 15/06 offshore Angola. The development is sited 350km northwest of Luanda and 130km west of Soyo…
Oilfield services companies are putting a brave face on the continuing market downturn, despite some reporting shrinking order books. Subsea 7 and Fugro reported shrinking order books in their 1Q results this morning. Subsea 7’s…
Siemens is to sell its Bristol, UK-based tidal energy company, Marine Current Turbines, to tidal energy developer Atlantis Resources. Atlantis, which is behind the largest planned tidal development project in the world, says the move…
In a break from the energy industry’s current contraction trend of spending cuts, employee layoffs, contract delays and cancellations, Abu Dhabi National Oil Co. (ADNOC) recently announced plans to spend more than US$25 billion on various offshore fields…
Golder Associates has appointed Dr. Hisham Mahmoud as its president and CEO. He will be based in Atlanta, Georgia. Dr. Mahmoud’s career spans some 27 years, the majority of which has been in diversified global engineering and construction companies…
In this video, Eni shows the Goliat floating and production storage offloading unit (FPSO) platform arriving in Hammerfest, Norway from the Ulsan shipyard in South Korea after a 63-day journey of 15,608 nautical miles. The platform was aboard the Dockwise Vanguard…
FoundOcean completed the grouting for an 8-legged jacket in the Bay of Campeche, Mexico. The project, completed on behalf of McDermott was mobilized from Port Fourchon, Louisiana. In the case of Ayatsil-A, FoundOcean was able to provide a bespoke grouting solution…
Blue Water Shipping signed a contract with Baku Shipyard covering the transport of two hull sections from Singapore to the newly established Baku Shipyard in Azerbaijan. Map from Blue Water…
BP and Total beat analysts’ predictions by reporting better than expected results this morning, despite consistently low oil prices. French oil major Total saw its fastest production growth in more than a decade and gains in its refining…
Wintershall Norge has made a small oil discovery on the Imsa prospect in wildcat well 6406/2-8 in production license 589 in the Norwegian Sea, 190km northwest of Kristiansund. Image from Wintershall…
UAE-based rig builder and fabrication firm Lamprell has been awarded a jackup construction contract by Abu Dhabi's National Drilling Co. (NDC). Image of the Muhaiyimat for National Drilling Co…
UK-based distributed acoustic sensing technology firm OptaSense has partnered with Weatherford International to form a strategic alliance to deliver integrated optical sensing solutions designed to optimize well planning, construction and production across the asset lifecycle…