Zeta Energy is offering up US$22.5 million for an unconditional takeover offer for Pan Pacific Petroleum NL (PPP). Map from PPP. The offer equals to $0.04 (A$.05) per share and will be made as an on-market cash offer…
Houston-based BPZ Energy, that is currently under chapter 11 protection, is suspending its Corvina CX15-9D well offshore Peru after failing to produce oil. Map from BPZ. The well…
Oil Spill Response Ltd. (OSRL) and the Subsea Well Response Project (SWRP) delivered a containment toolkit, which can be used to minimize the environmental impact of a subsea well incident. Image from SWRP…
Norway-based seismic services firm TGS has signed a letter of award (LOA) with Polarcus DMCC to acquire 3000sq km of 3D seismic data offshore Norway with a potential extension of up to a total of 7000sq km. The activity is expected to…
UK independent Ophir Energy has contracted Australian engineering group WorleyParsons and its subsidiary INTECSEA for engineering and project management services on its Fortuna project in Block R offshore Equatorial Guinea. Ophir has…
German multinational Siemens and Norwegian operator Statoil have jointly developed and qualified a subsea hydraulic power unit (SHPU) for use in offshore oil and gas fields in order to provide hydraulic power right at the well site. The…
On 9 April, thought leaders in the offshore oil sector held an industry discussion focused on the importance of sustainable safety in the offshore oil and natural gas industry. The group included Jack Gerard, president and chief executive for the American Petroleum Institute (API) Randall Luthi…
OE’s Audrey Leon spoke with Scott Cummins, Senior Vice President, Commercial, McDermott about the opening of Mexico’s oil and gas industry and what effects it will have on both McDermott and the industry at large. Welder…
OE’s Audrey Leon spoke with Dr. Bruno de Ribet, a geophysicist and technology global director at Paradigm, about the opening of Mexico’s oil and gas industry and what effects it will have on both the country’s seismic scene. Please explain…
OE’s Audrey Leon spoke with Francisco Nunez, regional sales manager, Latin America, at OneSubsea, about the opening of Mexico’s oil and gas industry and what effects it will have on both OneSubsea and the industry at large. Please explain…
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…
Rystad Energy’s Senior Analyst Bielenis Villanueva Triana ranks Mexico’s exploration competitiveness as compared to other global prospective areas. Fig. 1: Mexico’s petroleum provinces which have proven hydrocarbon potential…
Eckhard Hinrichsen analyses the race for oil and gas reserves as the market liberalizes. The Mexican energy industry is at last open to foreign companies. Investment opportunities abound as the important first licensing rounds loom. The…
In 4Q 2014, Aberdeen-based Return To Scene, a subsidiary of SeaEnergy, completed project delivery of its first contract with Pemex. Capturing the Ku-S platform. Photo from Return2Scene. The…
National Ocean Industries Association (NOIA) president, Randall Luthi, joined API’s Jack Gerard and IADC’s Stephen Coleville this morning to discuss improvements in offshore safety since the Macondo Well accident five years ago. Luthi’s…