A new study by Wood Mackenzie on what to expect from global oil and gas exploration in the year ahead, Global Exploration: What to look for in 2017, shows that exploration should return to profitability in 2017, after five years of only single-digit returns…
The new Baker Hughes is expected to generate a revenue of some US$34 billion, have approximately 70,000 employees, and operate in more than 120 companies, according to GE Oil & Gas CEO Lorenzo Simonelli. Image of Simonelli…
Zilift, a developer of permanent magnet technologies for innovative artificial lift applications for the energy sector, has successfully achieved the installation, operation and retrieval of a slim-line cable deployed electrical submersible pump (ESP)…
More than 70% of Chevron's US$19.8 billion 2017 planned upstream investment will generate production within two years, the firm said yesterday. Chevron says it is targeting shorter-cycle, high-return investments with its 2017 capital budget…
Houston’s Ardent completed the removal of the Troll Solution jackup in the Bay of Campeche, off Mexico, that the company is calling the largest wreck removal in 2016. Ardent deployed assets from several countries…
A joint connecting a hose at BP’s Thunder Horse platform disconnected and released drilling fluid into the Gulf of Mexico (GoM) last month, in an incident that the US Bureau of Safety and Environmental Enforcement (BSEE) is investigating…
A clean energy startup based in Southern California is developing a power supply for remotely operated vehicles, which draws on temperature gradients in the ocean. Seatrec's Trec Thermal RECharging Battery uses a non-toxic material with…
Stone Energy is conducting tests to identify failure points at its Amethyst well in the Gulf of Mexico, with no assurance of production restoration, following a shut-in in April. Image from Stone Energy…
Atwood Oceanics is to delay delivery of two new ultra-deepwater drillships being built by two years. The drillships are being built at by Daewoo Shipbuilding & Marine Engineering (DSME). Atwood agreed with DSME to take delivery of the two drillships…
In this video, BP shows an overview of its recently sanctioned Mad Dog Phase 2 project. The supermajor sanctioned the US$9 billion Mad Dog Phase 2 project in the Gulf of Mexico on 1 December, with the anticipation of first production set to start in late-2021…
Japan's Mitsui & Co. has reached an agreement with Shell to acquire 20% working interest in the supermajor's 100%-operated Kaikias and Circius fields in the US Gulf of Mexico, the firm announced on 5 December. The two fields sit in four blocks (MC-767…
The Subsea Integration Alliance (a collaboration between Schlumberger, OneSubsea, and Subsea 7) has been awarded a deepwater integrated subsea engineering, procurement, construction, installation and commissioning (EPCIC) multiphase boosting…
Mexico's highly anticipated deepwater bidding round, Round 1.4, in Mexico City resulted in eight of the 10 deepwater blocks in the Gulf of Mexico awarded. Evaluating submitted bids. OE…
Audrey Leon speaks with California-based Materia about a resin the firm hopes will make waves for subsea thermal insulation and other deepwater buoyancy applications. Proxima thermoset norbornene resins create composites…
FMC Technologies and Technip announced that the pending, combination between the companies has received a clearance decision issued by the General Superintendent of Administrative Council for Economic Defense, (CADE), the Brazilian antitrust authority…
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