Brazil's state-owned oil and gas company Petrobras will sell its 20% stake in BP's Gila prospect in the US Gulf of Mexico, the company announced on 29 April 2013. Petrobras signed a Sale and Purchase Agreement (SPA) for its stake in exploratory blocks KC 49…
The first section of this article will review the active, and quite unique, North Atlantic hurricane season of 2012. The remainder of the article will detail the North Atlantic basin tropical forecast for 2013. The forecast will examine…
Operators, contractors and regulators are working in close cooperation to maintain continuous improvement in offshore safety, Center for Offshore Safety Executive Director Charlie Williams told reporters this morning. He said the Offshore…
Norwegian innovation in the oil and gas industry will be celebrated in Houston with the marking of a major milestone this year. Norway is marking its 40th anniversary of attending the Offshore Technology Conference with an impressive line…
The 45th annual Offshore Technology Conference (OTC) in Houston places the spotlight on the latest technological advances plus industry stars such as new head of BP Upstream Lamar McKay and PEMEX’s E&P director Carlos Morales-Gil. OTC returns to Houston’s Reliant Park complex May 6-9…
Houma, Louisiana-based Chet Morrison Contractors announced today that Derick Bourg is now the Vice President of the Fabrication and Offshore Construction department. He has headed the Harvey Fabrication Facility for Chet Morrison Contractors for the last 16 years…
Next Tuesday, April 30, OE will host new Expert Access webinar, this time featuring Patrick Zirnhelt and Jeremiah Woodford of IFS North America. Zirnhelt penned an article for OE’s April issue entitled “Increasing returns from asset management investment…
Marine Well Containment Company (MWCC) announced that Mobile, Alabama has been selected as the shorebase location to house the well containment company’s subsea umbilicals, risers and flowlines (SURF) equipment. The MWCC capping stack stands roughly 30ft tall and weighs about 100 tons…
Russia-based OMK held a ribbon-cutting ceremony to open its new pipe-manufacturing facility, which sits on 75 acres in Houston. The US$100 million investment was made in response to rising demand for oil country tubular goods (OCTG), especially by strong demand in North America’s shale plays.
Houston-based growth Chicago-headquartered global energy law firm Mayer Brown brought William T Heller IV and Harry R Beaudry onboard its legal team in January. The pair will be based out of Mayer Brown’s Houston Corporate & Securities practice…
Promoting from within Houston-based service company TAM International elevated Mike Machowski to chief operating officer in February. Machowski previously served as TAM’s vice president and director of Canadian operations. In his…
Après the moratorium of deepwater drilling in the Gulf of Mexico, operators are once again exploring for opportunities offshore. Yet, escalating costs for production facilities can prohibit the profitability of some marginal fields. Jeannie…
The FPSO market appears to be emerging from the economic downturn stronger than ever, with new project awards and forecasted capital expenditure expected to gain momentum throughout the next five years. While challenges certainly remain…
M-I Swaco, a Schlumberger Company, took OE on a tour of its new SMART 3D package of integrated displacement services. Audrey Leon reports from Houston. MM-I SWACO unveiled its SMART 3D displacement package on February 28 at the Houston Museum of Natural Science…
Exploration could be radically altered by a simple idea, Victor Schmidt explains, saving industry months and millions. How does the offshore industry evaluate a new deepwater play? Conduct geologic research, examine studies, collect samples…
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