As a number of Caribbean nations set sights on developing potential deepwater reserves, concerns have surfaced about the region’s ability to respond to a Macondo-style subsea leak. The topic is especially prominent in a swath of sea where tourists…
A little starpower lit up a rainy week in Stavanger, as Hollywood actor-turned-oil spill cleanup advocate Kevin Costner hit town for the ONS 2010 conference and exhibition. Russell McCulley reports.--Nearly 50,000 visitors coursed through the…
DNV and Norway’s Fridtjof Nansen Institute released a joint study during ONS calling for improved technology, better spill response preparation and greater co-operation among stakeholders in order to safely develop Arctic resources. The study…
Problems of the kind encountered by the Deepwater Horizon and Sedco 711 are not unique and being judgemental with the benefit of hindsight is futile, argues drilling consultant Dr John Thorogood. Pointing out that there is much still to be learned about human error…
Citing a ‘renewed culture of safety' taking hold in the offshore oil & gas industry, the co-chairman of the presidential commission set up to investigate the Macondo disaster told attendees at the March CeraWeek conference in Houston that the…
Baker Hughes has expanded its SmartCare line of products to include what the company describes as ‘more environmentally responsible’ drilling and completion fluids, production chemicals and additives used in cementing and stimulation procedures…
French-owned utility group GDF Suez is stepping up its UK exploration and production operations with the goal of becoming a major player in the North Sea. The company's UK E&P arm has been involved in the sector for the past 15 years, but is now working up major expansion plans…
Oil & gas companies will spend roughly $135 billion on subsea hardware between 2012 and 2016, an increase of 14% over the preceding five-year period, according to a new report from Douglas-Westwood.Spending took a hit in 2010 and 2011 as the…
Mexico's latest licensing round only the second in state oil company Pemex's long history, made possible by recent exploration & production contract reforms failed to draw a successful bid for the offshore blocks on offer. Russell McCulley talks to Juan Carlos Zepeda Molina…
At a recent Bergen conference showcasing the strength in depth of Norway's subsea industry, Statoil EVP Øystein Michelsen challenged delegates to work with his company in developing the technology to go further, deeper and colder and seize the…
Regulatory enhancements prompted by the macondo disaster now require operators to submit a worst-case discharge (WCd) scenario report prior to obtaining a drilling permit in US offshore fields. How to model WCd for offshore wells in compliance…
The Inter-M Pulse long-term mooring connector, developed by InterMoor in conjunction with sister company Pulse Structural Monitoring, was recently put through its paces in a North Sea field trial. Alan Duncan, MD of InterMoor UK, reported…
Two years after Macondo, BP launched an all-out effort at OTC 2012 to demonstrate its commitment to safety and to its future in the Gulf of Mexico. Russell McCulley reports.Among the many legacies of the 2010 Deepwater Horizon blowout is what's…
OE's analysis of current rig market data is updated monthly using statistics provided by Rigzone.comUtilization for the competitive fleet of mobile offshore drilling units worldwide has been gradually improving since February and is currently in the mid-80% range…
Despite higher oil prices, improving access to capital, increasing economic optimism and a generally more favorable deal environment, oil & gas executives are still cautious about engaging in M&A, according to Ernst & Young's sixth Global Capital Confidence Barometer…
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