Houston-based Paragon Offshore entered into a US$300 million sale-leaseback agreement with SinoEnergy for two heavy-duty harsh environment jackup rigs. Propsector 1. From Paragon. According to the terms of the agreement…
Petróleos Mexicanos (PEMEX) awarded McDermott International an engineering, procurement, construction, installation (EPCI) and pre-commissioning contract for the Ayatsil-C replacement jacket and associated deck installation, offshore Mexico…
Electromagnetic Geoservices (EMGS) will return to Mexican waters for Petróleos Mexicanos (PEMEX) to continue a 3D electromagnetic (EM) acquisition that was part of a 2013 contract between the two companies. The BOA Galatea…
Saipem awarded Aker Solutions its first order offshore Mexico at the Pemex-operated Lakach deepwater natural gas field. Lakach map. From Pemex. Lakach, Mexico's first subsea gas development with onshore processing facilities…
KPMG Corp. Finance recently advised on the sale of a precision engineering specialist in the oil and gas industry. KPMG advised Vine Street Capital and the management of Lymington Precision Engineers on its sale to Senior, an international manufacturing group…
A total of 12 groups are challenging the US Department of Interior’s (DOI) decision to reaffirm the 2008 Chukchi Sea lease sale that will allow oil and gas drilling in a nearly 30 million acre area of the Chukchi Sea outer continental shelf (OCS)…
First production for Chevron’s Big Foot in the Gulf of Mexico is being delayed after its subsea installation tendons suffered damages. Big Foot. From Chevron. The US supermajor…
FMC Technologies and Technip new joint venture Forsys Subsea is now operational after receiving all regulatory approvals. Forsys Subsea is a joint venture formed as part of a broader alliance between FMC Technologies and Technip, which…
LLOG Exploration and its partners Ridgewood Energy and Stone Energy Corp. drilled a successful exploration test at the Viosca Knoll 959 “Crown & Anchor” prospect. The initial exploratory well encountered greater than 50ft of net oil bearing sand in a high-quality Miocene reservoir…
Houston headquartered Apache Corporation has shaken up its leadership team and regional operating structure to 'streamline' the business, including creating an 'offshore' division. The move includes creating 'more integrated, super-region structures…
Gregory Hale walked the aisles at this year’s Offshore Technology Conference to find out what moves the industry is making toward automation. OTC conference floor. Automation…
With a mean estimate of 23.6 billion bbl of undiscovered, technically recoverable conventional oil in the Beaufort and Chukchi seas, the Arctic could be one of the last big finds. Heather Saucier examines what is at stake on the US side. Source…
John Bradbury reports on new equipment designs for risers and umbilicals from DeepFlex and Technip, which the two top-tier players say can stretch the performance envelope. Umbilical spools on Technip Umbilicals’ quayside in Newcastle…
Tidal and wave energy projects are getting grid-wet this year, yet there’s still more to learn. Emma Gordon reports from All Energy. An OpenHydro device. Image from OpenHydro. The…
Following Mexico’s historic energy reforms, Fernando C. Hernandez of Reaching Ultra, discusses what is still needed in order to make Mexico a major deepwater player. Fig. 2: The Perdido Hub as seen from a crew boat…