For the offshore floating rig market, the downturn presented the perfect storm: too many rigs, not enough demand, and with some 200 newbuilds set to enter the market over the next decade. Audrey Leon reports. The Maersk Developer…
Houston-based ConocoPhillips has made the strategic decision to drop out of its deepwater exploration program by 2017, despite a significant program that the company is executing in 2016. Ekofisk…
Retrieving an unreliable blowout preventer (BOP) is a necessary but expensive operation, costing upwards of US$1-2 million dollars. This cost can easily escalate in developing ultra deepwater regions such as Brazil, West Africa and Gulf of Mexico…
Jumbo's heavy lift vessel Jumbo Vision transported subsea pump modules for McDermott International from the OneSubsea facility in Horsoy, Norway to Ingleside, Texas this month. The cargo consisted of several modules with a maximum cargo lift weight of nearly 350t…
Chevron’s appraisal of the Anchor discovery proved successful oil pay in the Lower Tertiary Wilcox Trend, in the US Gulf of Mexico that the company says indicates a significant discovery of potentially hub class scale. Chevron's…
Noble Energy has commenced production from the Big Bend oil development in Mississippi Canyon 698 of the deepwater Gulf of Mexico. Noble and partners expect the single-well field to reach a maximum gross production rate of approximately 20…
Helix Energy Solutions Group's dedicated DP3 well intervention unit, the Q5000, semisubmersible entered service last week and is currently on hire for an unnamed client in the Gulf of Mexico, the company announced on 27 October. Helix took delivery of the semisub in May…
The US Bureau of Safety and Environmental Enforcement (BSEE) identified the Pacific Drilling employee who died during drilling operations onboard the Pacific Santa Ana drillship in the US Gulf of Mexico. BSEE has confirmed that 34-year-old Sam Whitley…
Transocean and the state of Alabama have agreed to a US$2 million settlement stemming from 2010’s Deepwater Horizon disaster. The Deepwater Horizon. Image from EPA. Governor Robert Bentley announced the settlement this week…
An accident onboard the drillship Pacific Santa Ana has left one worker dead. The news was confirmed by the US Bureau of Safety and Environmental Enforcement (BSEE), operator Chevron, and the drillship's owner, Pacific Drilling. The Pacific…
Helix Energy Solutions announced in its 3Q results that its net income fell nearly 87% from US$75.6 million in 3Q 2014 to only $9.9 million for 3Q 2015. However, the drop is all about perspective. The company reported a net loss of 2.6 million in 2Q 2015…
Mexico’s Agencia de Seguridad, Energia y Ambiente (ASEA) has found that Petróleos Mexicanos' (Pemex) Abkatún Permanente platform incident that left four dead, 16 injured and three missing, was caused by a leak in a rarely used gas fuel line that had corroded…
TGS announced that it has acquired 46,500km (25%) of the 186,000km 2D seismic project, Gigante. The survey is being acquired with four Seabird vessels and the fifth vessel, m/v Aquila, will join the survey in early November. Gigante…
UK-based SURF contractor Ocean Installer has been awarded a Regional Framework Agreement with BP for subsea work in the Gulf of Mexico region. The agreement covers subsea fabrication, transportation and installation of offshore facilities…
Mexican state owned company Pemex this morning announced it had evacuated the Sihil-A platform in the Bay of Campache, offshore Mexico, in the latest of a string of incidents offshore Mexico this year. The firm said the measure was taken…
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