Otto Energy has entered into binding agreements to raise US$8.2 million to develop the company’s oil project in the South Marsh Island 71 license (SM-71) in the Gulf of Mexico. Map of SM-71, from Otto…
President Trump wants to take away the Gulf of Mexico Energy Security Act (GOMESA) payments from four coastal states in the Department of Interior’s (DOI) proposed US$11.7 billion budget for 2018. Trump…
NXT Energy Solutions has started work on the first-ever Stress Field Detection (SFD) Multi-Client Survey in the Gulf of Mexico. NXT’s patented SFD Technology has been approved by the Comisión Nacional de Hidrocarburos, (CNH), for work credits by exploration companies in Mexico…
Wood Group has signed a 10-year master services agreement (MSA) with Chevron that allows them to deliver conceptual engineering, pre-front-end engineering design (pre-FEED), FEED, detailed design and procurement services in multiple locations…
Oceaneering International will support the design, fabrication and installation of ancillary flowline hardware at Royal Dutch Shell’s Appomattox development in the Gulf of Mexico. Under the contract, Oceaneering will procure and install pre-lay and post-lay crossing mattresses…
LQT Industries has been awarded multiple Gulf of Mexico projects including aluminum accommodation rental packages, construction, and refurbishment projects. LQT is providing aluminum accommodation packages for major oil and gas operators on two separate offshore platforms…
Gulf of Mexico operators BP and Murphy Oil sing the praises of a new below US$50/bbl breakeven world at this year’s OTC Houston. Audrey Leon reports. Image of Morrison presenting at OTC. Images from OTC…
Cobalt International Energy has opened a data room for its deepwater US Gulf of Mexico North Platte field as it announced the latest appraisal well drilling results on the field. Cobalt, which says the field, with an estimated 500-800 MMbbl resource range…
In this video, Weatherford shows the benefits of the company’s RipTide RFID (radio-frequency identification) drilling reamer that can be enhanced with the ReamSync borehole enlargement performance system—a three-tiered process that combines dull grading analysis…
OE charts the top 10 deepest water projects currently in production and in development.
Mexico's Petroleos Mexicanos (Pemex) has signed an agreement to license data from the WesternGeco Campeche wide-azimuth (WAZ) multiclient seismic survey in the Salina del Istmo province of the southern Gulf of Mexico, said Schlumberger (SLB)…
Prospects are looking up in the US Gulf of Mexico as operators make final investment decisions. EIC’s Jake Gillian outlines activity in the area. The US Gulf of Mexico (GoM) has seen somewhat…
Audrey Leon chats with Statoil’s Helge Hove Haldorsen about the positive results emerging from Mexico’s energy reform, how it compares to Statoil’s own experience as a state-owned operation, and its overall strategy in the Mexican Gulf. Helge…
Audrey Leon profiles the Thunder Horse field, speaking with project manager Steve Raymer about the BP-operated field’s most recent expansion project, which came in 11 months ahead of schedule and $150 million under budget. Loading…
Greg Myers, of GE Oil & Gas, explains how the digital transformation of offshore assets enables a competitive advantage by reducing excessive inspection and maintenance costs and increasing uptime with real-time operational data. Fig…
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