Pemex’s board of directors approved a restructuring plan for its subsidiary Pemex Exploration and Production (PEP) on 22 May, the Mexican national oil company announced. The board of directors created a steering committee for PEP, designating Juan Javier Hinojosa Puebla…
The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) has laid four charges against the consortium behind the Hibernia field after an oil spill. The charges were made against the Hibernia Management and Development…
For the US energy industry, 2014 will be remembered as the year when crude oil prices fell below US$50/bbl, resulting in significant realignments in the sector. Aside from the oil price collapse and the historic high of domestic natural gas production…
Pipeline repair company IRM Systems opened a new base of operations in Houston, Texas. Rutger Schouten, general manager of IRM Systems said: “The implications of this development are tremendous, bringing with them the need for a new perspective on pipeline inspection…
The Petroleum Bill and suite of associated regulations as well as a sovereign wealth bill have been put before the Bahamian House of Assembly for their second readings on 20 May, Bahamas Petroleum Co. announced. Image from Bahamas Petroleum…
Both Halliburton and Transocean have reached settlement agreements with BP over the 2010 Deepwater Horizon incident in the Gulf of Mexico. The Deepwater Horizon incident occured on 20 April 2010, spilling millions of barrels of oil into…
As part of an unusual mortality event investigation, a team of scientists has discovered that dead bottlenose dolphins stranded in the northern Gulf of Mexico since the start of the Deepwater Horizon oil spill have lung and adrenal lesions…
The National Ocean Industries Association (NOIA) has promoted Megan Bel Miller to VP for government and political affairs. She will lead NOIA's congressional relations and political action committee. Miller joined the NOIA staff in May 2013 as senior director of government & political affairs…
US-based Verisk Analytics completed the US$2.8 billion (£1.85 billion) acquisition of UK-based Wood Mackenzie (WoodMac), the data analytics and commercial intelligence company for the energy, chemicals, metals and mining verticals. “We’re pleased to have completed the acquisition of WoodMac…
Houston-headquartered drilling contractor Hercules Offshore sold four jackups that had been previously cold stacked since 2009. Despite the sale, 11 rigs in the company’s fleet remained cold stacked, five were added to that list this year alone…
The US Senate Energy and Natural Resources Committee held a hearing regarding US Senator Bill Cassidy’s legislation S. 1276, the Offshore Energy and Jobs Act of 2015, to expand offshore energy production by opening parts of the Outer Continental…
Engineering firm Ramboll is bringing its Danish values to its newly acquired American businesses. Meg Chesshyre sets out the details. When Danish engineering consultancy Ramboll acquired Houston-based Excel Engineering in October 2013…
Gregory Hale highlights the importance of both safety and following proper security protocols. The April Pemex blast on a dehydration and pumping platform in the Gulf of Mexico showed that incidents will happen in a dangerous environment…
Reflex Marine’s first personnel transfer device is now operational in Mexico after being certified by the Mexican Merchant Marines. Reflex Marine’s six person transfer device, the FROG-6, was purchased by Olympic Shipping for use on their accommodation vessel…
Spectrum entered into a cooperation agreement with Schlumberger to jointly acquire and process Spectrum's offshore Mexico Campeche-Yucatan 2D regional multi-client program. The cooperation agreement includes more than 44,000km of regional…
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