Mexico’s secretary of energy (SENER) announced on 7 January that it signed two remaining production sharing contracts with Pan American Energy and Fieldwood Energy for areas awarded offshore Mexico during the country’s phase two bid round held in late September…
Baker Hughes’ rig count for December 2015 shows decreases across five of the six regions with the US suffering the most, representing a 59.3% drop year-on-year, and the Middle East with the only increase. Image from iStock…
Hardide Coatings, a UK-based provider of advanced surface coating technology, has announced the opening of its new Virginia production facility. In January 2015 the company commenced an investment of up to US$7 million in Martinsville to expand its production operations to North America…
2015 truly was the year of ups and downs. At the start of the new year the price of oil tumbled to just below the US$50/bbl mark and by 31 December it rested at just under $40, at $37.04/bbl. However, it is not known what true bottom is for the market…
Trendsetter Engineering has announced the acquisition of Wiltor Machine, a 6000sq ft precision machine shop in north Houston specializing in complete turnkey, proto‐type, and production machining for the oil and gas industry. This machine shop has experience machining stainless steel…
Borets has appointed David Langley as North American HSE manager. Langley. Image courtesy of Borets. Based at Borets’ US corporate office in Houston, Langley will be responsible…
Houston-based Ensco received a cancelation notice from Brazilian giant Petrobras for the DS-5 drilling rig, citing improper payments. Image of the Ensco DS-5 drillship. Courtesy of Ensco. Last year…
Offshore living quarter specialist HB Rentals installed a new temporary living quarters (TLQ) accommodation project on the Far Sentinel, a 15,000 gross ton subsea construction / inspection, maintenance and repair (IMR) vessel owned and managed by Norway’s Farstad Shipping…
Louisiana-based LLOG Exploration’s Delta House floating production system (FPS) achieved its nameplate oil capacity of 80,000 b/d in the Gulf of Mexico during the last days of 2015. Image of Delta House…
Innovate, collaborate, standardize; lead with lean. One could argue that the future of the global offshore E&P business, particularly deepwater development, is ours to create. Confronted…
OE reached out to analysts Wood Mackenzie and IHS Energy to find out the view on the next 12-18 months. And the outlook is not so great for exploration spend. Audrey Leon and Elaine Maslin report. Wood Mackenzie Image from iStock…
While depressed commodity prices lend to pessimism, floating production systems are projected to remain an integral component of offshore field development. Quest Offshore analyst Andrew Jackson explains. The…
From an oil industry perspective it's difficult to find anything positive to say about 2015 other than I'm glad it's come to an end. Colin Welsh. Image courtesy of Simmons & Co. I certainly didn't see $35 Brent crude coming…
No. 1 – Chevron’s Big Foot Chevron’s Big Foot platform being towed to Walker Ridge. Photo from Chevron. Coming in at No. 1 on Infield System’s list of highest capex projects for…
Sinopacific Shipbuilding Group successfully delivered three SPP17A platform supply vessels (PSV) to owner Naviera Petrolera Integral (NPI) at Zhejiang Shipyard. The 3 SPP17A PSVs were contracted in July 2014. All of them are the SP series…