The US Department of the Interior today (Tuesday) announced details of a proposed oil and gas leasing program for 2017-2022. US Secretary of the Interior Sally Jewell (pictured, right, with President Obama) and Bureau of Ocean Energy…
US$75-80 barrel oil price will be the new norm, industry commentators predicted Tuesday morning. But how long it will take to get there is the greatest uncertainty. Elaine Maslin reports. Uncertainty around how long oil prices will remain around US$50/bbl and…
Norwegian explorer Statoil returned three licenses off the west coast of Greenland this month, the company confirmed. The reduction follows the company’s announcement last February that it would cut back on Arctic exploration efforts to control capital expenditures…
McDermott’s Derrick Barge 50 (DB50) completed the installation of a drilling and production platform that included the heavy lift of a 3250-tonne jacket in the Gulf of Mexico. The DB50 installation…
Hess shows the carefully staged choreography of 14 cranes as they hoisted the 1000-tonne Tubular Bells main deck 100ft in the air to set it into place atop the production and cellar decks at a Houma, Louisiana fabrication facility. The Tubular…
Italian explorer Eni sanctioned the Offshore Cape Three Point (OCTP) deepwater development project that will provide domestic gas supply to Ghana’s thermal power plants for more than 15 years. Image from Eni…
New York-headquartered Hess says it is cutting its 2015 capital and exploration budget by 16%, compared to 2014, to US$4.7 billion. While the firm said most of the cash (45%/$2.1 billion) would be spent on its unconventional shale resources…
DONG Energy has awarded offshore substation transportation and installation contracts for the Burbo Bank Extension, Race Bank and Walney Extension to Seaway Heavy Lifting (SHL). The three contracts cover the transportation and installation of in total up to five platforms…
Technip won two contracts for flexible pipe supply and installation at the Amethyst field, in Mississippi Canyon 26, in the US Gulf of Mexico. The Deep Blue. From Technip. Both contracts are for operator Stone Energy…
COSCO (Dalian) Shipyard awarded Huisman a contract for the delivery of four customized 400mt rope luffing knuckle boom cranes and two 100mt knuckle boom cranes onboard four new subsea support vessels (SSVs) for Maersk Supply Service. MT 6027…
Germany’s Wintershall picked up eight new exploration licenses from the Norwegian Ministry of Petroleum and Energy in the current licensing round APA 2014. Image from Wintershall. Wintershall…
DNV GL has opened up a new office in Nanjing to support business growth in the area and be the center for operations in Central China. DNV GL celebrated the opening of its new office in Nanjing. Image from DNV GL…
InterMoor completed a mooring and foundation installation campaign for bpTT’s Juniper gas project offshore Trinidad and Tobago. Image from InterMoor. According to InterMoor, this is…
Following the split of Aker Solutions, sub-surface consultancy Aker Geo will now operate under the First Geo brand. In 2015, Aker Solutions ASA split into two separate companies: Aker Solutions ASA and new oil services investment company Akastor ASA…
The Bureau of Safety and Environmental Enforcement (BSEE) responded to an Energy XXI, GOM-operated platform that was damaged by a fire in South Timbalier (ST) Block 27 in the Gulf of Mexico. The unmanned ST 27 IA platform…