Oil prices are set to rise on average US$10/bbl annually towards 2020, with global liquids supply and demand balancing out in around two years, according to Oslo-headquartered oil and gas consulting and business intelligence firm Rystad Energy…
ExxonMobil began production at its deepest subsea tie-back, Hadrian South in the deepwater Gulf of Mexico. Image from ExxonMobil. Hadrian South is located about 230mi offshore in the…
Keppel Offshore & Marine subsidiary Keppel FELS delivered a KFELS B Class jackup rig to Mexican national oil company, Petróleos Mexicanos (Pemex). The Kukulkan jackup. From Keppel. The…
Overwhelming support from stockholders at both sides of Halliburton and Baker Hughes approved the US$34.6 billion merger today (27 March). Lessar. From Halliburton Facebook. A total…
Mediterranean countries cannot be naive about the industrial risks around oil and gas exploration and production, delegates at the Offshore Mediterranean Conference (OMC) in Ravenna were warned this morning. The region, which comprises EU member states as well as non-member states…
Fugro took delivery of the Fugro Americas, a newbuild shallow draft survey vessel this month. The Fugro Americas. From Fugro. Custom designed to Fugro’s specifications, the vessel…
Schlumberger has completed the acquisition of about 2750sq km of two new full-azimuth multiclient seismic surveys over the Garden Banks and Green Canyon areas in the Gulf of Mexico. Both shoots are the initial phase of the Revolution X and Revolution XI surveys and will provide full-azimuth…
BP finally has filed – and won approval for – its long-awaited revised Mad Dog 2 development plan, records at the US Bureau of Ocean Energy Management show. The new plan calls for a 140,000 b/d semisubmersible floating production platform in 4440ft of water in Green Canyon block 780…
The US' National Oceanic and Atmospheric Administration is planning increased 2015 Arctic nautical charting operations, updating charts based on surveys conducted a hundred years ago. The so-called Arctic marine corridor project will…
A total of 42 offshore companies showed up to the Central Gulf of Mexico (GoM) Lease Sale 235 that drew in more than US$538 million in high bids for exploration and development in the area. Gulf of Mexico map…
Chevron’s Big Foot platform is on its way to the Walker Ridge area, offshore deepwater Gulf of Mexico. Big Foot. From Chevron. Walker Ridge is located approximately 360km south of New Orleans…
Schlumberger launched TeleScope ICE ultrahigh-temperature measurements-while-drilling service and PowerDrive ICE ultrahigh-temperature rotary steerable system (RSS). The ultraHT-rated electronics in the…
Saudi Aramco awarded KBR, Inc. (NYSE: KBR) a six-year project management contract to provide project management services for Saudi Aramco’s offshore program. Under the terms of the contract, KBR will provide project management and engineering…
The Gulf of Mexico (GoM) lease sale 235 that will offer 41.2 million acres for exploration and development in the central planning area offshore Louisiana, Mississippi and Alabama begins tomorrow (18 March 2015). Secretary Jewell will…
National Ocean Industries Association (NOIA) President Randall Luthi issued the following statement in advance of tomorrow’s Gulf of Mexico offshore oil and gas lease sale: 'This sale will be interesting due to low oil prices, which just dropped further this week…
Subscribe
