Mexico’s national oil company Petróleos Mexicanos (Pemex) unveiled its 2016-2021 business plan that will see the company take advantage of the Energy Reform with an aggressive farmout program, expecting to increase production by 15%. Image from Pemex…
The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) received nearly US$563 million (CAD $758 million) in work commitments in its latest deepwater bid round for the East Newfoundland and Jeanne d’Arc regions, offshore the Canada-Newfoundland and Labrador areas…
Technip Umbilicals has been awarded a contract by a major operator to supply a subsea control umbilical in the Gulf of Mexico. The contract includes the project management and manufacture of 7km of a static and dynamic unarmored steel tube umbilical…
Bernard J. Duroc-Danner, chairman of the board, president and CEO, of Weatherford International has resigned, effective immediately. Robert Rayne, current vice chairman of the board, will serve as chairman of the board. Krishna Shivram take over as interim CEO…
The National Ocean Industries Association (NOIA), the Independent Petroleum Association of America (IPAA), the Louisiana Mid-Continent Oil and Gas Association (LMOGA), and the Gulf Economic Survival Team (GEST) have submitted Freedom of Information…
The Canada - Nova Scotia Offshore Petroleum Board (CNSOPB) has not received any successful bids for its Call for Bids NS16-1 issued on 2 May 2016. The parcels are no longer up for bid and remain as Crown land. The next Call for Bids (NS17-1) will be issued in spring 2017…
As the industry heads into the third year of the downturn, market fundamentals for the deepwater segment continue to fight strong headwinds, Rystad Energy says. But, is 2018 the light at the end of the tunnel for the floating rig market? Utilization…
After some rough starts, Mexico’s energy future might be headed in the right direction. Mexico’s upcoming deepwater round and the state owned oil firm Pemex’s upcoming joint ventures were up for discussion at a recent event held by Rice University’s Baker Institute…
The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) advises that exploration licenses (ELs) 1127 and 1128, located off Newfoundland’s west coast held 100% by Black Spruce Exploration, have been cancelled due to non-compliance…
Noble Energy is expecting the final investment decision (FID) for its giant Leviathan development offshore Israel by year-end or early next year, the Houston-based explorer said in its Q3 2016 earnings call. The Noble Sam Croft…
Optime Subsea Services has signed a contract with an undisclosed US-based customer to supply a new hyperbaric testing system that simulates hydrostatic pressures found at water depths up to 14,000m. The 20,000psi hyperbaric pressure vessel…
Anadarko Petroleum posted a net loss of US$830 million in Q3 2016, as the US independent moves forward with its deal with Freeport McMoRan (FCX) and shifts its focus to oil with the deepwater Gulf of Mexico on its priority list. Walker…
In this video, Exxon shows a timelapse video of the construction of the Hebron gravity based structure (GBS), which took about five years to build. Exxon's Hebron heavy oil project off Newfoundland and Labrador, Canada, sits in the Jeanne d’Arc basin about 350km southeast of St…
A recently formed subsea services business has secured private equity investment in order to buy a fleet of 32 remotely operated vehicles. Aberdeen- and Houston-based M² Subsea was able to buy the fleet from the administrators of failed…
Daniel Sack, of EMAS Chiyoda Subsea, has spent three decades in the oil and gas industry following and participating in the next big step changes in technology – one subsea project at a time. Audrey Leon found out more. Daniel…
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