The Offshore Technology Conference (OTC), the world’s foremost event for the development of offshore resources, announced that it will offer complimentary registration during Open Access Day on Thursday, 7 May. Attendees will be able…
The Bureau of Ocean Energy Management (BOEM) proposes to conduct 10 oil and gas lease sales in the federal waters of the Gulf of Mexico (GOM), as outlined in the 2017-2022 Draft Proposed Leasing Program. BOEM published in the 29 April 2015…
FoundOcean completed the grouting for an 8-legged jacket in the Bay of Campeche, Mexico. The project, completed on behalf of McDermott was mobilized from Port Fourchon, Louisiana. In the case of Ayatsil-A, FoundOcean was able to provide a bespoke grouting solution…
BP and Total beat analysts’ predictions by reporting better than expected results this morning, despite consistently low oil prices. French oil major Total saw its fastest production growth in more than a decade and gains in its refining…
UK-based distributed acoustic sensing technology firm OptaSense has partnered with Weatherford International to form a strategic alliance to deliver integrated optical sensing solutions designed to optimize well planning, construction and production across the asset lifecycle…
The latest EIC Monitor report once again shows a significant decline in the levels of contracting activity across the global upstream sector in Q1 2015. Despite the overall number of contracts being awarded dropping, the value of some is substantial…
Baker Hughes Inc. issued its international rig count that showed 1251 rigs operating worldwide in March 2015 outside of the US and Canada. Unsurprisingly, global rig counts have dropped significantly due to an approximate 50% drop in crude oil prices since 2014…
International oilfield services firm Weatherford will cut another 2000 jobs from its workforce, taking the total number of planned job cuts to 10,000. Weatherford’s move follows Schlumberger announcing last week a further 11,000 job cuts…
Senator Mike McGuire’s office is creating legislation to ban oil and gas drilling off the coast of California. The SB 788 Coastal Protection Act will close a loophole that could allow oil and gas developments in coastal waters. According to McGuire…
Fugro set a new seafloor drill water depth record of 2923m (9589ft) while completing a combined sampling and piezocone penetration testing (PCPT) borehole to 62m (203ft) below the seafloor. Fugro seafloor drill…
Strong performance in its subsea business has helped Technip offset “unsatisfactory” onshore and offshore revenues despite industry headwinds, the firm’s CEO Thierry Pilenko announced today. But, the chairman of France’s Technip, which recently launched a new subsea joint venture…
ConocoPhillips’ found no commercial hydrocarbons at its Harrier prospect in Mississippi Canyon Block 118 in deepwater Gulf of Mexico. Harrier was drilled to a total depth of 19,400ft. The well will be plugged and abandoned. ConocoPhillips is the operator of Harrier with 63%…
The sudden drop in oil prices is different from cycles in the recent past, said Rex Tillerson, chairman and chief executive of ExxonMobil, during his Tuesday morning keynote speech and discussion at the recently held CERAWeek. This event has been created due to oversupply…
NOV's senior vice president and chief financial officer, Jeremy D. Thigpen, has left the company effective immediately to become president and CEO of rig owner Transocean. Thigpen succeeds Ian C. Strachan who was appointed interim CEO…
For the first time in decades, Mexico’s upstream business is accessible to foreign companies. A panel of experts discussed the implications at this week's CERAWeek conference in Houston and found that, with three bidding rounds planned and data rooms open for scrutinizing…
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