Celebrating its 40th Anniversary, Offshore Engineer (OE) and Hasbro Inc, an American multinational toy and game company, teamed up to create a custom MONOPOLY Game for the offshore industry. The OE 40th Anniversary Collector’s Edition MONOPOLY…
Saipem reports that it has received notice that its client, South Stream Transport BV, which is controlled by Gazprom, is lifting the suspension of work under the contracts, and that Saipem should commence work on the offshore pipeline in the Black Sea…again…
Ultra-HPHT, other technologies advance despite oil price drop, but actual deployment in Gulf of Mexico could slow. Bruce Nichols puts it in perspective. Anadarko’s Lucius Truss Spar, located in 7100ft of water…
The Jack/St. Malo development is a bellwether for the Lower Tertiary Trend, Stephen Thurston, vice president of deepwater exploration and projects for Chevron said at the Offshore Technology Conference (OTC) this week. The Jack and St. Malo fields…
Emerson Process Management launched its next generation Roxar subsea Wetgas Meter for accurate production measurement, reduced risk, and improved flow assurance in gas and gas condensate fields. Subsea wetgas meter…
James Fisher Offshore, part of James Fisher and Sons, has reached an agreement with KPMG in Scotland to acquire a number of subsea assets free from encumbrances from Specialist Subsea Services. The assets include work-class ROVs, inspection class ROV and survey equipment…
The Kenli 10-1 field offshore China is now online, according to China National Offshore Oil Corp. (CNOOC). Image from CNOOC. Production at the field located in Bohai Bay began on 23 April at an average water depth of 17m…
The Offshore Technology Conference (OTC), the world’s foremost event for the development of offshore resources, announced that it will offer complimentary registration during Open Access Day on Thursday, 7 May. Attendees will be able…
In the words of a wildly popular weekly US television series: “BP, you are in danger. Hess…you’re safe!” Due to current low oil price realizations, BP's consolidated cash flows in 1Q fell to about US$1.9 billion, a significant fall from a year ago…
An oil price below US$70/bbl will not be sustainable long term, according to Norwegian energy analysts Rystad Energy. Speaking at the firm’s offices in Oslo, senior analyst Audun Martinsen outlined how the firm sees current global liquids…
A tribunal has rejected a bid by the Ivory Coast to stop oil and gas exploration and development activities in a disputed area between its waters and offshore Ghana. The ruling paves the way for UK-headquartered Tullow Oil to continue with its TEN Project offshore Ghana…
Few countries have been hit harder by declining crude oil prices in recent months than Venezuela, reports energy business advisory firm Douglas Westwood (DW). Falling oil prices have compounded Venezuela’s debt situation because crude oil represents about 95% of the country’s exports…
This year, Pakistan, Egypt, Jordan and Uruguay plan to begin importing natural gas via floating storage and regasification unit (FSRU) vessels. The vessels are a solution to the challenge of importing liquefied natural gas (LNG) into areas…
BP and Total beat analysts’ predictions by reporting better than expected results this morning, despite consistently low oil prices. French oil major Total saw its fastest production growth in more than a decade and gains in its refining…
Louisiana-based LLOG Exploration Co. began production from the Delta House floating production system (FPS) in the Gulf of Mexico. Delta House. From LLOG. Delta House is located in Mississippi Canyon 254…
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