Houston-based Hercules Offshore has filed for Chapter 11 bankruptcy protection with a pre-packaged deal that will send the company into a reorganization and financial restructuring. Image from Hercules…
Image: TAM International TAM International has restructured its regional businesses into two individual hemisphere-based groups in order to achieve higher performance rates and streamline its business objectives…
InterMoor provided Anadarko Petroleum Corp. with rapid hook-up services for their Heidelberg truss spar in the deepwater Gulf of Mexico after stepping in at short notice for another contractor. The company hooked up the 80,000 b/d spar to three mooring lines in Green Canyon block 860…
Harkand has successfully completed the US$10.5 million upgrade of its Gulf of Mexico based dive support vessel (DSV) Swordfish. Originally built in 2007, the Swordfish is the youngest DSV in this region and has been upgraded to the highest safety standards in the offshore industry…
McDermott International reported an increase in profits in 2Q, at US$11.5 million, up from a net loss of $7.4 million in the same period last year on revenues of $1.05 billion (up $570 million). McDermott says revenues for 2Q were positively…
MultiClient Geophysical (MCG) has entered into an agreement with Polaris E&E Services to acquire their Post Stack Reprocessed Atlantic Margin seismic 2D data. MCG will pay Polaris for this transaction through revenue share of futures sales…
Wood Group has been awarded a three-year offshore engineering blanket order by PEMEX Procurement International for field development in Mexico’s Gulf of Mexico waters. The agreement, valued at up to US$28 million, encompasses deepwater and complex shallow water concept and basic engineering…
The Center for Biological Diversity formally and legally petitioned the US federal government to inspect all of California’s offshore pipelines for corrosion and other damages. Image from APPEA…
Schlumberger has expanded its Gulf of Mexico multiclient wide-azimuth seismic data portfolio by launching a new survey in the Campeche Basin. The acquisition of the industry’s first multiclient wide-azimuth survey offshore Mexico will cover 80…
Houston-based Oceaneering International is diving further into the subsea sector with the acquisition of a minority interest in the UK’s Viper Subsea Technology. Image from Oceaneering. The deal…
After almost eight decades of Pemex monopoly, the Mexican energy sector is entering a new era of foreign oil company participation. A decade of steady decline in domestic oil and gas production has incentivized the Mexican government…
DOF Subsea North America has been awarded an inspection, maintenance, and repair (IMR) contract with Freeport McMoran for a period of six months firm. The operations will commence immediately and the vessel Harvey Deep Sea will be utilized under the contract…
ION Geophysical Corp. announced the availability of fast-track pre-stack time migrated (PSTM) data from the first phase of its MexicoSPAN program. Currently being acquired, phase one encompasses more than 22,000km of deep-imaged two-dimensional (2D) seismic data…
In Houston, UTEC Survey promoted Cory Goodyear to the position of general manager after eight years with the company. Goodyear has 18 years’ offshore-related experience having started as a field surveyor before becoming a project manager…
Houston-based Transocean is one of the few major companies in the oil and gas industry to have a positive 2Q 2015, which was due to multiple factors including Macondo-related settlement agreements. Image from Transocean…
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