Offshore North America News - page 238


Offshore oil and gas M&A activity falls

Jul 21, 2015

While at first the oil price seemed to spur a rash of big M&A deals in 2014 and early 2015, analysts at GlobalData and IHS say the market could slow if the oil price doesn’t increase. Jeannie Stell reports. Image from Baker Hughes…

Baker Hughes in 2Q dive

Jul 21, 2015

Baker Hughes’ revenue of US$4 billion in 2Q 2015 marked a 33% drop year-over-year, and the company says it sees no relief in 2H 2015 as unfavorable market dynamics are expected to continue. Image from Baker Hughes Facebook…

Collaboration wins at Jack/St. Malo

Jul 20, 2015

Chevron information technology teams from around the world put their stamp on Jack/St. Malo, providing the technical support that helped the major capital project achieve first oil in the deepwater US Gulf of Mexico (GOM), reports the company…

Halliburton seeing red

Jul 20, 2015

Halliburton’s 2Q 2015 results have the company in the red, with a 16% drop in its total revenue, compared to 1Q 2015, that the company says is due to the industry’s recent downturn. Image from Halliburton…

Industry speaks out on BSEE well control rules

Jul 17, 2015

The International Association of Drilling Contractors (IADC), along with seven other oil and gas industry trade associations, submitted a joint letter today to the Bureau of Safety and Environmental Enforcement (BSEE) with comments on the…

ConocoPhillips cancels Ensco drillship

Jul 17, 2015

Houston-based ConocoPhillips terminated its order for the recently delivered Ensco DS-9 deepwater drillship in concurrence to its plans to reduce future capital expenditures in deepwater exploration. The Ensco DS-9…

Castex starts drilling offshore Louisiana

Jul 16, 2015

Image: Hummer drilling operations/Petsec Energy Castex Offshore Inc. commenced drilling the Main Pass Block 270 #3 well. The exploratory well is being drilled in federal offshore waters on Petsec’s Hummer prospect…

BOEM to offer 22 million acres for GoM development

Jul 16, 2015

As part of President Obama’s all-of-the-above energy strategy to continue to expand safe and responsible domestic energy production, Bureau of Ocean Energy Management (BOEM) Director Abigail Ross Hopper announced that the bureau will offer approximately 21…

EMGS in Mexico multi-client survey

Jul 16, 2015

Mexico's Comisión Nacional de Hidrocarburos (CNH) authorized permits for Electromagnetic Geoservices (EMGS) to acquire about 88,000sq km of 3D electromagnetic (EM) multi-client data over a five-year period off Southern Mexico. SENER’s…

Genesis to acquire GoM pipeline business for US$1.5 billion

Jul 16, 2015

Enterprise Products Partners LP executed definitive agreements to sell its offshore Gulf of Mexico pipelines and services business to Genesis Energy, LP for approximately US$1.5 billion in cash. Image from Enterprise…

Talos consortia only Round One winner

Jul 16, 2015

The Talos Energy, Sierra Oil & Gas, and Premier Oil joint venture was the only winner at Mexico’s historic Round One, in which the consortia was awarded two blocks. Map of Blocks 2 and 7. From Premier…

ARKeX gets east coast survey permit

Jul 15, 2015

ARKeX announced it has been awarded the first geological and geophysical oil and gas exploration permit by the Bureau of Ocean Management (BOEM).  The ARKeX survey will acquire an airborne broadband gravity and magnetic survey over Outer…

Aker bags Hebron work

Jul 15, 2015

Aker Solutions has won a maintenance, modifications and operations (MMO) contract from ExxonMobil for engineering, procurement, construction and maintenance services at the Hebron oilfield offshore Canada. The Hebron oil field is located offshore Newfoundland and Labrador…

SBM Offshore sells Turritella stake

Jul 15, 2015

SBM Offshore has divested a 45% stake in the FPSO Turritella to Mitsubishi Corp. (MC) and Nippon Yusen Kabushiki Kaisha (NYK Line). MC purchased 30% stake and NYK Line purchased 15% stake in the joint venture companies incorporated for the purpose of owning and operating the vessel…

Mexico's bleak Round One ends

Jul 15, 2015

Mexico’s National Hydrocarbons Commission (CNH) opened the first public tender process early this morning (15 July) in the country's historic and disappointing Round One that offered Mexico's upstream opportunities to international companies for the first time in decades…

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