Neil Gordon, chief executive of Subsea UK. When looking at oil price trends over the years since the 1920s, it becomes apparent that apart from the cyclical spikes every few years…
Israel is eyeing both future energy independence and potential export markets with the launch of its first-ever offshore licensing round. Audrey Leon reports. Image from iStock. Tiny Israel has big dreams of a gas-based economy…
Melissa Sustaita charts the progress of two of the Caspian region’s famed oil and gas projects, NCOC’s Kashagan and BP’s Shah Deniz. Last year (2016) had its share of peaks and valleys; however, it was a year of excellent progress for two huge projects in different sectors of the Caspian Sea…
Despite reductions in exploration spend, work goes on. Elaine Maslin speaks with Wood Mackenzie’s Andrew Latham to find out where explorers will aim their drillbits this year. Stena DrillMAX. Photo from Stena Drilling…
Decommissioning offshore structures isn’t going away any time soon and research points to a US$210 billion bill for this activity from 2020-2040 worldwide. John Bradbury looks at the market. Allseas’…
Audrey Leon speaks with MJ Hellail, president and CEO of Samoco Oil Tools, to discuss a few of the fit-for-purpose technologies the new firm has launched. Samoco Oil Tool’s Houston facility. Photos from Samoco Oil Tools…
Offshore construction activity in the Middle East Gulf has remained buoyant, but that hasn’t stopped pressure on costs and dayrates. Mirzi Moralde, of IHS, outlines activity in the region. Saipem’s…
Is the subsea market poised for a comeback? Jon Fredrik Müller, of Rystad Energy, sets out the detail. An oil and gas Xmas tree. Photo from GE Oil & Gas. The subsea market has…
Elaine Maslin profiles some of the projects moving forward that pledge to deliver autonomous underwater vehicles for life of field operations. Modus’ AUV launch and recovery system, designed and built by Osbit…
Unmanned autonomous systems and the internet of things are two phrases that are bandied about a lot. But, it’s not so often that they have come together and within the marine environment in a project involving offshore industry players – albeit those who also have a foot in the defense sector…
National Response Corp. (NRC) has established a Tier 2 oil spill response base in the Bay of Campeche region of Mexico. Driven by new shallow and deepwater drilling developments in Mexico, NRC’s Tier 2 base will support NRC exploration…
CIMC Offshore Co., a wholly-owned subsidiary of China International Marine Containers (CIMC) Co., intends to partner with Shenzhen Mangrove Venture Capital Co. and China Industrial International Trust Co. to jointly establish Tianjin Lanshui…
Egypt’s Oil Ministry has signed three oil and gas exploration agreements in the Mediterranean Sea worth an estimated US$220 million, according to news reports. Image from Eni. The deals are with supermajor BP…
Delek Group completed its deal with Dana Petroleum to gain 13.18% of Faroe Petroleum, expanding the Israeli firm’s North Sea footprint, and making it the majority holder in Faroe. Map of Faroe assets…
Energean has closed its deal with Delek Group, Avner Oil Exploration, and Delek Drilling for 100% stake in the I/16 Tanin and I/17 Karish leases, offshore Israel, paving the way for Energean to stick to its plan of first oil at the two fields in 2020…
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