Mexico’s 2013-2014 energy reform triggered a deep transformation in the energy industry. The new legal framework –proposed by the executive branch and enacted by congress– establishes a transition from a state-owned and vertically integrated industry model…
Audrey Leon chats with Schlumberger, Baker Hughes and Weatherford to learn about the latest technologies available for artificial lift. Dedicated Schlumberger surveillance engineers monitor alarms to prevent or mitigate adverse events…
Leslie Cook, of Wood Mackenzie, examines falling dayrates in the floating rigs sector, and the view out to 2020. Graph sources: Wood Mackenzie As the cyclical downturn in the deepwater market continues to drag out…
Audrey Leon catches up with TGS’ Chris Corona on some of the geophysical firm’s latest programs offshore Mexico. Photos from TGS. OE: What is your perspective on current activity off Mexico…
Old and new provinces continue to bring forth new activity in Latin America, from new finds in Guyana to the ongoing pre-salt programs in Brazil. Michael Borrel sets out the detail. Latin America has become increasingly attractive to both local and foreign investors…
Infield Systems’ Neda Djahansouzi gives a flavor of the forecasted fixed platform market in 2017-2021, while we let some figures speak for themselves. Sources: Infield Systems Over…
Even though the oilfield service market in shale is the place to be in 2017, Rystad Energy says there is clear evidence that offshore projects are still being prioritized by exploration and production (E&P) companies. In fact, for every…
BP’s five-year plan has revealed the next wave of its competitive projects with potential new final investment decisions (FID), a list of several offshore projects set to come online this year, and eight projects that are currently under construction set for start-up in 2018-2021…
Interventek Subsea Engineering has signed a two-year exclusive deal with Louisiana-based Professional Rental Tools (PRT) to supply its in-riser Revolution valve for well intervention operations in the Gulf of Mexico. Interventek will supply its 6…
EMAS Chiyoda Subsea (ECS) filed a voluntary petition for reorganization under Chapter 11 of the US Federal Bankruptcy Code yesterday (27 February), Chiyoda Corp. announced today (28 February). ECS and its subsidiaries will facilitate…
Shell and Mitsui Oil Exploration have taken the final investment decision for phase one of the Kaikias deepwater project in the US Gulf of Mexico, in hopes of starting production in 2019. Illustration of Kaikias…
Forum Energy Technologies has delivered a remotely operated vehicle (ROV) to new Norwegian firm ESEA Submarine for offshore work, including inspection, survey and salvage work. ESEA Submarine was established during 2016 by Georg Stranden…
Equatorial Guinea's Ministry of Mines and Hydrocarbons has extended the closing date of its 2016 Licensing Round, due to a 'wave of new exploration interest' thanks to a more positive outlook in the industry. The round, offering 'all…
Ophir Production has contracted a vessel for its Ophir floating production field development offshore Malaysia. The tanker Puteri Bangsa will be converted into the MTC Ledang floating production, storage and offloading (FPSO) unit by Malaysian firm MTC Engineering for use on the Ophir field…
Subsea 7 has won a contract on Cooper Energy's Sole gas field development, offshore Australia. The contract scope consists of the subsea tie- back of the Sole well to the Orbost Gas Plant, including the fabrication and installation of 64km of pipeline…
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