The United States Energy Information Administration (EIA) issued news release on 9 August with its forecast that China's net oil imports will exceed those of the U.S. by October 2013 on a monthly basis, and by 2014 on an annual basis, making China the largest oil importer in the world…
W&T Offshore, Inc. (NYSE: WTI) announced on 25 July 2013 that it made a subsalt discovery in a deep shelf exploratory target beneath its Ship Shoal 349 Mahogany field. The SS 359 A-14 well exceeded expectations and is currently producing from the targeted T-sand (in excess of 17…
Shell has hit an oil-bearing zone at its Yucatan North-1 exploration well in the US Gulf of Mexico, Shell's partner Inpex confirmed. The oil-bearing zone, located within Walker Ridge 95/96/139/140 blocks, contains approximately 36m net pay…
The second largest offshore wind farm in the world, costing £1.3 billion and generating enough clean electricity to power over half a million homes, was officially opened by UK energy and business minister Michael Fallon today. Greater Gabbard…
The TUP (transfer under pressure) Diving System, designed and built in-house by N-Sea, has undergone a refit and been converted to allow it be used as a mobile system, deployable from most DPII support vessels and platforms. The system will be online August 2013…
OceanTools Ltd. completed a redesign of their MA500 Precision Altimeter. DSP electronics combined with frequency swept CHIRP technology are housed in a hard anodized aluminium housing rated to 3000m as standard. The MA500 uses a new composite…
The floating production sector has been especially active over the past several months. Ten production floaters have been ordered since March, reports International Maritime Associates Inc. (IMA). Contracts include a $3 billion FPSO for Nigeria (a record price for an FPSO)…
Shell made a 100millionbbl, deepwater oil discovery in the Gulf of Mexico, adding to the potential of its Appomattox find. The Vicksburg A discovery is nearby Appomattox, which contains about 500million bbl of potentially recoverable resources…
DONG Energy has made a gas discovery north-west of Shetland after a two-well exploration campaign through 2012-13. DONG said the Cragganmore exploration well, in Block 208/17, had been confirmed as a gas discovery. The well was drilled using the West Navigator drillship in 673m water…
Houston-based Apache Corp.will sell all of its Gulf of Mexico Shelf operations and properties to Fieldwood Energy LLC (Fieldwood), an affiliate of Riverstone Holdings, for US $3.75 billion. Operations include wells that are producing about 100…
Aberdeen-based Flexlife deployed its new integrity monitoring technology, FlexGuard, at Chevron’s Captain field in the UK North Sea. The new monitoring tool provides the operator with instant, continuous monitoring of any subsea riser. This…
Recent offshore drilling by Apache and Anadarko help gauge the potential of the Lamu basin. Vision 2030 is Kenya’s development strategy which aims to transform the economy and “create a globally competitive and prosperous nation with a high quality of life by 2030…
A high level of fabrication activity in and around the North Sea is attracting new players. Elaine Maslin reports. Platform fabrication for new installations in North Sea will reach fever pitch this year as a historically high number of facilities are completed for load out…
Oklahoma-based Tulsa Power’s offshore loading stations are designed to eliminate hoses being laid on deck and dangling from saddles – avoiding trip hazards; reducing UV exposure, hose kinks and fatigue/breakage failures, and reducing the chance of spills…
A group of 24 nations and the EU are meeting in Bremerhaven, Germany, July 11-16, to discuss revised proposals to create two marine protected areas (MPAs) in the ocean surrounding Antarctica. If approved, these may become the largest marine reserves on Earth…
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