All dressed up and nowhere to go is never a good feeling. But that's exactly what has just happened to − of all companies − TGSNopec. The acknowledged maestro of the multiclient seismic survey business last month put out a terse statement that…
BP in late August was in the final stages of permanently plugging the deepwater Gulf of Mexico Macondo exploration well, which spilled nearly 5 million barrels of oil between the 20 April blowout that destroyed the Deepwater Horizon rig and mid-July…
The six-month US moratorium on deepwater drilling following the Deepwater Horizon tragedy, along with tougher regulations and higher liability costs likely to follow, could put the squeeze on independent operators in the Gulf of Mexico. Russell McCulley talks to one company that's pushing back…
BP's Gulf of Mexico oil leak is an unmitigated disaster, not just because of the amount of oil that has to be skimmed, the oil-soaked birds that have to be cleansed and the beaches that require purification. It has allowed an Obama administration…
BP has come under fierce criticism for its response to the Macondo blowout, a months-long saga of top hats, riser insertion tools and other containment efforts that only began collecting a significant portion of the oil spilling into the Gulf several weeks after the event…
Four of the largest oil companies have pledged $1 billion to build a rapid response system designed to capture and contain oil in the event of another Macondo-style blowout in the deepwater Gulf of Mexico.In a July 21 joint announcement, Chevron…
Unfair though it may seem, it is conceivable that the Macondo incident will have at least as damaging and persistent an impact on the offshore industry as Chernobyl does on the nuclear power industry. Professor Andrew C Palmer explains why.On…
The Macondo oil spill will have a lasting impact, but not the same repercussions on the petroleum industry that the Three Mile Island accident had on the nuclear industry. So said Douglas Becker, director oil services & equipment, global research for Bank of America…
Andrew McBarnet detects a shift of emphasis in the marketing of marine seismic.The marine seismic industry is well used to the cyclical nature of its operations, but could currently be described as being in something of a state of limbo. This…
The six-month moratorium on deepwater drilling in the Gulf of Mexico following the Deepwater Horizon disaster has forced oil & gas companies to redraw their plans for the rest of the year. But the effects of the ban could linger long after, as Russell McCulley reports…
OE's analysis of current rig market data is updated monthly using statistics provided by Rigzone.comWorldwide utilization for the mobile offshore drilling fleet is tracking at about 74%, within the tight 74%-76% band it has seen for the past 10 months…
BP in mid-June began collecting oil & gas from the first phase of a system that taps into the choke and kill valves on the Macondo well's failed blowout preventer. The system employs the same flow lines and manifold used in the company's unsuccessful top kill attempt in May…
The Titanic, Columbia space shuttle and Deepwater Horizon disasters span a period of almost 100 years but have more in common than might at first be apparent. All three were avoidable and foundered on a misguided belief in their indestructibility…
BP struggled to stop the flow of oil from the Macondo well in the Gulf of Mexico as the disaster entered its second month, and the spill, the worst in US history, was having repercussions far beyond the environmental catastrophe. Russell McCulley reports…
Around 73,000 attendees packed this year’s OTC in Houston, nearly 5000 more than last year. But the still-unfolding Deepwater Horizon drama in the Gulf of Mexico kept the usual celebratory mood at bay, writes Russell McCulley.--It wasn’t exactly…
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