Douglas-Westwood (DW) forecasts global subsea hardware capex will total US$117 billion (bn) between 2014 and 2018. This represents growth of more than 80% compared with the preceding five-year period. In 2013, subsea tree installations were lower than expected…
In its 2014 Atlantic hurricane season outlook issued today, National Oceanic and Atmostpheric Association’s (NOAA) Climate Prediction Center is forecasting a near-normal or below-normal season. The main driver of this year’s outlook is the anticipated development of El Niño this summer…
Ceona, SURF contractor with heavy subsea construction capabilities, has been awarded a contract for work in the Oyo oilfield offshore Nigeria from CAMAC Energy Inc. The Oyo Phase One expansion project includes installation and recovery of…
Fugro is expanding its survey fleet in the Gulf of Mexico (GoM) to include a new AUV, Echo Surveyor VII, and a new vessel, R/V Fugro Americas. “These impending launches indicate our strong capabilities and commitment to our clients in the GoM and internationally…
W&T Offshore Inc. subsidiary, W&T Energy VI, acquired Woodside Energy's deepwater Gulf of Mexico assets for US$51 million, the company announced on 20 May 2014. The transaction includes a 20% non-operated working interest in the producing Neptune field (Atwater Valley Blocks 574…
Technip profiles a day in the life of one of its Houston-based project managers.
A McDermott International, Inc. subsidiary has signed a lease agreement with the Mississippi Development Authority and the Mississippi State Port Authority for the exclusive right to operate a spoolbase and marine operations base in the Port of Gulfport…
It has been less than a year since Mexico’s landmark energy reform, but the effects of this major restructuring on one of the world’s largest economies are already being observed. Gustavo Hernandez Garcia, acting director of E&P, Pemex,…
The first multi-client geohazard ultra-high-resolution 3D seismic survey is about to begin in the US Gulf of Mexico. NCS SubSea Inc., Geotrace Technologies Inc., and SpecPartners Ltd. have announced the start date for a multiphase, large-scale innovative project called SAFE-BAND…
This year's Offshore Technology Conference, held at Houston's Reliant Park on 5-8 May, broke records with 108,300 attendees, a 46-year high and a 3.3% increase over last year's numbers, the conference announced on 8 May 2014. Attendance surpassed the 2013 total of 104…
NCS Subsea, GeoTrace and SpecPartners set the start date for a multiphase, large scale project called SAFE-BAND. Acquisition is to begin 1 June 2014. NCS Subsea said it will be the first multi-client geohazard survey on a regional scale utilizing ultra-high resolution 3D seismic (UHR3D)…
Apache Corporation's Gulf of Mexico subsidiary is to sell its non-operated interests in the Lucius and Heidelberg development projects and 11 primary term deepwater exploration blocks to a subsidiary of Freeport-McMoRan Copper & Gold for US$1…
Statoil has started its latest Gulf of Mexico exploration campaign with a well on Martin, a high-impact prospect, started on 20 April. The Martin prospect is in about 2916ft (890m) water depth in Mississippi Canyon 718, in the Greater Mars basin…
Monday morning's 'New Deepwater Construction Equipment Update' highlighted multiple vessels that can be used for operational assistance. Saipem discussed the merits of theCasterone DP pipelay vessel, which has a stinger that is designed against 1500Te pipe pull…
EMAS AMC have awarded welding specialist Serimax a long-term frame agreement to provide comprehensive welding services for their global spool base operations. EMAS AMC said the global frame agreement will further strengthen its…
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