Handling the loadCargotec is to deliver MacGregor offshore and subsea load-handling systems to a deepsea research vessel on order at Mitsubishi Heavy Industries’ Shimonoseki shipyard in Japan.‘This contract highlights Cargotec’s capacity and technological expertise in offshore load-handling…
The oil & gas industry and analysts greeted President Obama’s offshore drilling plan as a step in the right direction. But subsequent events surrounding the Deepwater Horizon disaster (see Heavy losses in Horizon tragedy ) could complicate matters…
When the P-61 tension leg wellhead platform (TLWP) begins operations at Petrobras' Papa Terra offshore Brazil in 2013, it will be the new kid on the block in more ways than one. Not only will the deepwater unit be the first TLWP facility off Brazil…
Non-productive time (NPT) associated with control systems software and hardware integration remains a significant drain on high-spec offshore asset costs, according to a study released last month.The study, by the Athens Group and ModuSpec,…
OE ’s analysis of current rig market data is updated monthly using statistics provided by Rigzone.comUtilization for the worldwide mobile offshore drilling fleet continues to track in the 74-75% range, about 7% below year ago levels. Global…
With well costs escalating to consume up to half of a project’s funding, operators are seeking ways to trim costs. During IADC’s Deepwater Drilling conference in Rio de Janeiro in March, operators discussed some of their strategies to trim costs…
In 2007, OGX was but a dream of Brazilian entrepreneur Eike Batista. In the course of three short years, the company secured financing for leases, bid on and won shallow water blocks, secured drilling rigs, hired about 150 staff, tallied six…
The shaky economic recovery could be threatened if US energy policies push up prices, ExxonMobil chairman and CEO Rex Tillerson said in Houston last month.‘You can raise taxes, raise royalties – it's going to ultimately increase the cost of energy…
Rapid technological and market developments in the offshore industry over the past five years have put pressure on class to develop rules and notations for a new generation of specialised well-intervention offshore vessels. DNV's Alexander Wardwell reports…
Two recently published reports point to a speedy recovery for offshore E&P. The deepwater sector of the oil & gas business should recover quickly from the economic downturn and resume the growth the sector enjoyed before the recession, suggests a new report from Douglas-Westwood…
Two competing gas transportation projects in southern Europe could be combined to increase the future security of European gas supply, Eni chief executive Paolo Scaroni told CeraWeek attendees in Houston in March. According to Scaroni, combining…
While operating in Brazil’s pre-salt region does require an array of technologies, Petrobras CEO Jose Gabrielli told a Houston lunch that a bigger challenge lies in meeting logistical demands for operating in deep waters offshore. During the Brazil-Texas Chamber of Commerce event in March…
The scheduled 2012 lease sale offshore Virginia will proceed, even without the environmental impact studies necessary to allow oil & gas exploration in place, according to MMS director Liz Burnham.The sale – the first on the US Atlantic OCS…
The trend toward putting more and more production equipment on the seabed – and in increasingly deeper waters – strongly challenges the offshore construction industry to continuously improve their ability to perform such activities in a safe and cost-effective manner…
Compact Azipod units promise the means of producing more efficient thrust for drilling vessels, saving fuel cost and cutting emissions. OE hears from developer ABB Marine.Bunker prices for the IFO380 grade fuel used by the majority of ships were on the rise at time of writing…