LNG America announces the selection of the American Bureau of Shipping (ABS) as the classification society for North America’s first LNG bunker barges, currently being designed by Jensen Maritime. ABS will assist LNG America in working…
TAM International, an independent oilfield services company providing inflatable and swellable packers, received LEED (Leadership in Energy and Environmental Design) Silver certification for the new construction of its manufacturing facility located at 6935 Pinemont Dr…
The US Energy Information Administration’s new “Today in Energy” brief looks at how Mexico’s crude oil exports to the United States have declined, while US exports of petroleum products to Mexico have increased. The US imported 850,000 bbl/d of crude oil from Mexico in 2013…
On May 22, Pemex announced that the substructure of the Ayatsil B platform was floated out from McDermott International’s Altamira yard in Mexico's Tamaulipas state. Two years ago, McDermott announced that it received the contract for the new Ayatsil B drilling platform (May 2012)…
Today's Baker Hughes North American offshore rotary rig count listed 60 rigs operating this week, up 3 rigs from a week ago and up 9 rigs from a year ago (18% year-over-year increase). The majority, 58 rigs, are working in the Gulf of Mexico…
Hess Corporation is set to complete its transition into a pure-play exploration and prodution company after agreeing a deal to sell its retail business to Marathon Petroleum Corporation for US$2.6 billion. Hess says the business unit…
Douglas-Westwood (DW) forecasts global subsea hardware capex will total US$117 billion (bn) between 2014 and 2018. This represents growth of more than 80% compared with the preceding five-year period. In 2013, subsea tree installations were lower than expected…
In its 2014 Atlantic hurricane season outlook issued today, National Oceanic and Atmostpheric Association’s (NOAA) Climate Prediction Center is forecasting a near-normal or below-normal season. The main driver of this year’s outlook is the anticipated development of El Niño this summer…
Ceona, SURF contractor with heavy subsea construction capabilities, has been awarded a contract for work in the Oyo oilfield offshore Nigeria from CAMAC Energy Inc. The Oyo Phase One expansion project includes installation and recovery of…
Fugro is expanding its survey fleet in the Gulf of Mexico (GoM) to include a new AUV, Echo Surveyor VII, and a new vessel, R/V Fugro Americas. “These impending launches indicate our strong capabilities and commitment to our clients in the GoM and internationally…
The US Coast Guard and Maritime Transportation Subcommittee of the US House Committee on Transportation and Infrastructure (T&I) of the 113th Congress will conduct a hearing in Washington, DC on 21 May, about using new ocean technologies…
W&T Offshore Inc. subsidiary, W&T Energy VI, acquired Woodside Energy's deepwater Gulf of Mexico assets for US$51 million, the company announced on 20 May 2014. The transaction includes a 20% non-operated working interest in the producing Neptune field (Atwater Valley Blocks 574…
Atlantic Towing has been awarded a contract by ExxonMobil Canada Properties and Hibernia for four new platform supply vessels operating out of St John's, Newfoundland and Labrador. The 10-year contract also includes 15 years of options at the Charterers' discretion…
Unconventional natural gas producer Chesapeake Energy Corp. announced on 16 May 2014, its 2014 Analyst Day, that it will spin off its oilfield services business, Chesapeake Oilfield Operating, LLC (COO), which has been somewhat hidden in the Chesapeake Energy corporate structure…
Power and automoation group ABB has won contracts worth more than US$20 million to supply electrical power and propulsion systems for two next-generation offshore vessels. The first vessel, of ULSTEIN SX165 design (pictured), is being…