BP's Gulf of Mexico oil leak is an unmitigated disaster, not just because of the amount of oil that has to be skimmed, the oil-soaked birds that have to be cleansed and the beaches that require purification. It has allowed an Obama administration…
BP has come under fierce criticism for its response to the Macondo blowout, a months-long saga of top hats, riser insertion tools and other containment efforts that only began collecting a significant portion of the oil spilling into the Gulf several weeks after the event…
Four of the largest oil companies have pledged $1 billion to build a rapid response system designed to capture and contain oil in the event of another Macondo-style blowout in the deepwater Gulf of Mexico.In a July 21 joint announcement, Chevron…
Macondo mattersSir, OE's article by Ian Fitzsimmons on preventing future Macondo spills [‘Macondo and other titanic struggles', OE July] was excellent and I distributed a copy to my colleagues both in EIA and DOE. The recommendations made…
Unfair though it may seem, it is conceivable that the Macondo incident will have at least as damaging and persistent an impact on the offshore industry as Chernobyl does on the nuclear power industry. Professor Andrew C Palmer explains why.On…
Increased uncertainties about operating in ultra-deepwater typically result in over-designed production systems with resulting increased costs. Prasanna Parthasarathy and Kellin Nelson of MSi Kenny and Shell's Howard Littell discuss how high…
The Macondo oil spill will have a lasting impact, but not the same repercussions on the petroleum industry that the Three Mile Island accident had on the nuclear industry. So said Douglas Becker, director oil services & equipment, global research for Bank of America…
Andrew McBarnet detects a shift of emphasis in the marketing of marine seismic.The marine seismic industry is well used to the cyclical nature of its operations, but could currently be described as being in something of a state of limbo. This…
Among the greatest uncertainties in future energy supply is the amount of oil and gas yet to be found in the Arctic: the US Geological Survey estimates the region to hold as much as one-fifth of the world's untapped reserves of hydrocarbons…
KBR, long a dominant player in regions like the North Sea, has cast its offshore gaze around the world, looking to expand its geographical presence, its offerings and the way in which it delivers on its projects. Jennifer Pallanich hears about the company's oil & gas growth strategy…
The six-month moratorium on deepwater drilling in the Gulf of Mexico following the Deepwater Horizon disaster has forced oil & gas companies to redraw their plans for the rest of the year. But the effects of the ban could linger long after, as Russell McCulley reports…
OE's analysis of current rig market data is updated monthly using statistics provided by Rigzone.comWorldwide utilization for the mobile offshore drilling fleet is tracking at about 74%, within the tight 74%-76% band it has seen for the past 10 months…
BP in mid-June began collecting oil & gas from the first phase of a system that taps into the choke and kill valves on the Macondo well's failed blowout preventer. The system employs the same flow lines and manifold used in the company's unsuccessful top kill attempt in May…
The Titanic, Columbia space shuttle and Deepwater Horizon disasters span a period of almost 100 years but have more in common than might at first be apparent. All three were avoidable and foundered on a misguided belief in their indestructibility…
BP struggled to stop the flow of oil from the Macondo well in the Gulf of Mexico as the disaster entered its second month, and the spill, the worst in US history, was having repercussions far beyond the environmental catastrophe. Russell McCulley reports…
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