After almost eight decades of Pemex monopoly, the Mexican energy sector is entering a new era of foreign oil company participation. A decade of steady decline in domestic oil and gas production has incentivized the Mexican government…
ION Geophysical Corp. announced the availability of fast-track pre-stack time migrated (PSTM) data from the first phase of its MexicoSPAN program. Currently being acquired, phase one encompasses more than 22,000km of deep-imaged two-dimensional (2D) seismic data…
Image: Delfin LNG Bechtel announced it has been selected by Delfin LNG, a wholly-owned subsidiary of Fairwood Peninsula Energy Corp., to perform front-end engineering and design (FEED)…
US-based Chevron isn’t expecting first production to come from its Big Foot platform in the Gulf of Mexico until 2018, a delay of about two and a half years that will result in reducing production estimates by up to 22,000 b/d net. The…
The rewards on offer from subsea boosting technology were spelled out at the MCE Deepwater Development Conference in London this spring by Arne B. Olsen, sales director, pumps and subsea processing at OneSubsea. Meg Chesshyre reports. Gullfaks…
When developing the Lucius and Heidelberg fields in the deepwater Gulf of Mexico, Anadarko Petroleum opted for a “design one, build two” strategy. Audrey Leon reports on how the Lucius field, which began production in January, came to be…
Already deployed off Brazil and West Africa, Jerry Lee investigates a new way to intervene on wells — from the drill pipe. Animated picture of the ocean floor properties of Vallourec. Image from Vallourec…
Oil major Shell today said the oil price downturn could last for several years, as it revealed 6500 expected staff and contractor reductions in 2015, as well as further capital and operational spending cuts. “Operating costs are expected to fall by over $4 billion…
Image: Jascon 31/Sea Truck Group Sea Trucks Group has won a charter for the Jascon 31 in the Gulf of Mexico. The DP3 accommodation construction vessel will start sailing soon from West Africa to the Gulf of Mexico…
The 2010 Deepwater Horizon spill came back to haunt BP once again in 2Q 2015, as the company reported a massive loss of US$6.3 billion, largely due to the deadly Gulf of Mexico incident. Bob Dudley…
While at first the oil price seemed to spur a rash of big M&A deals in 2014 and early 2015, analysts at GlobalData and IHS say the market could slow if the oil price doesn’t increase. Jeannie Stell reports. Image from Baker Hughes…
Chevron information technology teams from around the world put their stamp on Jack/St. Malo, providing the technical support that helped the major capital project achieve first oil in the deepwater US Gulf of Mexico (GOM), reports the company…
Houston-based ConocoPhillips terminated its order for the recently delivered Ensco DS-9 deepwater drillship in concurrence to its plans to reduce future capital expenditures in deepwater exploration. The Ensco DS-9…
As part of President Obama’s all-of-the-above energy strategy to continue to expand safe and responsible domestic energy production, Bureau of Ocean Energy Management (BOEM) Director Abigail Ross Hopper announced that the bureau will offer approximately 21…
Mexico's Comisión Nacional de Hidrocarburos (CNH) authorized permits for Electromagnetic Geoservices (EMGS) to acquire about 88,000sq km of 3D electromagnetic (EM) multi-client data over a five-year period off Southern Mexico. SENER’s…
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