Marathon Oil is spinning off its downstream business to create the upstream Marathon Oil Corporation, to be based in Houston, and the downstream Marathon Petroleum Corporation, based in Ohio. Marathon Oil will operate and report through three segments: exploration & production…
Distributed temperature sensing data is now often the first port of call when identifying production issues, not the last resort as it had been prior to the adoption of the latest user-friendly data management packages. Tendeka's Garth Naldrett explains why…
A week after the long-awaited release of a presidential commission’s report on the Macondo disaster, US Interior secretary Ken Salazar announced the latest moves in the reorganization of the agency that oversees offshore oil & gas activities…
Floating systems consultant Peter Lovie pinpoints some of the perils of speculative FPS building and wonders if the practice may now have become just too risky for operators or contractors to consider.In the service vessel business and in the…
A new international offshore contracting giant, with a market cap above $5.5 billion, backlog of $5.3 billion and over 12,000 employees, came into being last month with the combination of Acergy SA and Subsea 7 Inc. Meg Chesshyre looks at the rationale behind this high-profile marriage…
Industry experts gathered in Houston late last year to discuss the future of floating LNG. Jennifer Pallanich joined them.A supply glut stemming from a wave of project sanctions between 2003 and 2005 followed by the North American shale revolution…
Newly published Polar class vessel rules from French classification society Bureau Veritas are aimed at speeding Arctic and Caspian Sea oil and gas development by facilitating the building of tank, cargo and offshore service vessels which can operate unsupported by icebreakers in very heavy ice…
No crystal ball is needed to determine one area of offshore activity where spending will rise inexorably in coming years: inspection, repair and maintenance. With one leading commentator predicting this sector’s annual spend will reach $7 billion by 2014…
Responding to consultant Ian Fitzsimmons' recent remarks in OE about BP's accident investigation report on the Gulf of Mexico's Macondo well disaster, drilling specialist Dr John Thorogood argues that it's time to stop pointing the accusatory finger and start learning the human factors lesson…
During the recent inauguration of the new premises of Alstom Hydro Ocean Energy on the island of Nantes, the French group revealed some of the key characteristics of its Beluga 9 tidal electricity-generating turbine and announced it will undergo its first tests in Canada's Bay of Fundy in 2012…
Russell McCulley reviews recent developments and talking points in the offshore communications arena.Florida-based Harris Corporation followed its summer 2010, $525 million acquisition of CapRock Communications with the purchase of Schlumberger's Global Connectivity Services (GCS) in November…
New reports point, cautiously, to better times ahead for the industry in 2011. But uncertainty in the post-Macondo Gulf of Mexico remains, as Russell McCulley writes.World oil demand bounced back in 2010 to its 2007 all-time high, according to a December report from Wood Mackenzie…
For this specially extended edition of his monthly OE column, Professor Michael Economides invited famed horizontal drilling pioneer Jacques Bosio to collaborate on a piece discussing the provenance of this breakthrough technology and its continuing influence on oil & gas well design today…
The Oil Council's recent World Energy Capital assembly in London shone a light on the new generation of smaller companies from disparate backgrounds now beginning to make their presence felt on the international exploration and production stage…
Don’t expect much action on legislative items of interest to the US oil & gas industry before the next Congress is sworn in early 2011. That was the word from King & Spalding senior government relations advisor George Crawford, who spoke to…
Subscribe
