Mexico is celebrating its successful shallow water round, Round 2.1, which has awarded 10 of 15 blocks in the Gulf of Mexico today (19 June). Image of Juan Carlos Zepeda, kicking off Round 2.1…
Energy XXI Gulf Coast (EGC) has spudded its first well of the year at West Delta 30 off the coast of Louisiana, as the company announced an 18% workforce reduction. Image of West Delta operations…
The International Energy Agency (IEA) anticipates the global oil market will remain oversupplied into 2018 due to rising US oil production and failure of some OPEC members to comply with production targets. According to IEA’s June market report…
McCubbin. Images from OTC. Offshore Technical Compliance (OTC) has appointed David McCubbin as chief operating officer (COO) and Dan Phelps as director – compliance inspection services…
General Electric’s (GE) investment arm GE Ventures on Tuesday announced the startup of Avitas Systems, which will use predictive data analytics, robotics, and artificial intelligence to deliver advanced inspection services to the oil and gas…
Just like other oil and gas provinces, the global deepwater industry is adjusting to the new normal of low oil prices. However, that adjustment has not been as quick or granular as the response of US tight oil to OPEC’s 2014 decision not to cut production…
Italian giant Eni has submitted its proposal to the Bureau of Ocean Management (BOEM) for a drilling program offshore Alaska, from the man-made island, Spy Island Drillsite (SID) in the Beaufort Sea. Map of SID…
Baker Hughes and GE are one step closer to closing their proposed merger, after reaching an agreement with the US Department of Justice (DOJ), allowing the two companies to complete their proposed transaction under US law. Image from Baker Hughes…
Stone Energy Corp. spud a well at the Rampart Deep prospect in the Gulf of Mexico last week (3 June) with a recently warm stacked Transocean drillship. Deepwater Asgard. Image from Transocean…
Pemex plans to accelerate its farm-out strategy in a move to increase production, and gain access to the latest technology, the company’s CEO José Antonio González Anaya said at the Mexican Petroleum Congress 2017 yesterday (8 June). González…
The Bureau of Ocean Energy Management (BOEM) is funding and participating in a federal research partnership that has launched an intensive three-year program to improve assessment studies of protected marine species in the Gulf of Mexico…
CGG has delivered the final products from its Encontrado multi-client reprocessing project across the Gulf of Mexico's prolific Perdido fold belt to the Comision Nacional de Hidrocarburos (CNH) and the industry. The final reverse time migration (RTM)…
MAN Diesel & Turbo has agreed to acquire a 40% participation in Candian company Aspin Kemp & Associates (AKA). AKA based in Montague, Prince Edward Island (PEI), which specializes in power supply, energy management and drive systems for marine applications…
Baker Hughes and General Electric Co. (GE) have announced the executive team that will lead Baker Hughes, a GE Company upon closing of their proposed transaction to combine GE’s Oil & Gas business with Baker Hughes. The combined executive team will be as follows: Lorenzo Simonelli…
Stress Engineering Services (SES) has teamed up with DeepMar Consulting to expand its existing upstream service offerings. The integrated team will work alongside clients to increase assurance of successful projects in regards to health, safety and environment (HSE)…
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