About US$336 billion (€300 billion) could be spent in offshore wind capex over the next 10 years, with cumulative capacity surpassing 57GW. Douglas Westwood’s Rachel Stonehouse explains. Cumulative offshore wind capacity is forecast to reach 57GW by 2024…
Statoil and ExxonMobil are seeking ways to develop the multi-trillion cubic feet of gas resources they have found in Block 2 offshore Tanzania. Elaine Maslin takes a look. If you speak Swahili…
Russian arctic oil exploration is facing an uphill battle against international sanctions and low oil prices. But, the country’s oil companies and government are still keen to find produce their icy black gold. Eugene Gerden reports. The…
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…
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…
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…
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…
Towards 2025, deepwater exploration and production will save the offshore industry, Norwegian energy analysts Rystad said in a recent presentation. According to Douglas Westwood’s World Deepwater Market Forecast, 2014-2018, deepwater spending is due to rise by 130%…
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…
Keppel FELS in Singapore is on track to deliver three KFELS B Class jackup rigs to Mexico's Grupo R, the company announced on 30 May, following a triple naming ceremony. Built to Keppel's proprietary KFELS B Class design, the three identical rigs were named CANTARELL I…
88 Energy received notification that the Moroccan Minister for Energy and Minister for Finance have signed the assignment document, finalizing the divestment of the interests of DVM International SARL ('DVM', 88 Energy's subsidiary in Morocco) in the Tarfaya Offshore Block…
Murphy Oil completed and achieved first production at its Medusa SS #6 well in the Gulf of Mexico, according to partner W&T Offshore. Medusa SS #6 is located in the Medusa Field, in Mississippi Canyon 538/582 approximately 100m south of New Orleans…
Statoil will make its first moves into Nicaraguan waters after the country awarded the Norwegian explorer four licenses off its Pacific coastline. The 29 May announcement came after meetings last September where delegates from Statoil and the state oil company…
W&T Offshore encountered hydrocarbon pay at Ewing Banks 910 with the successful drilling and evaluation of the Ewing Banks 910 A-5 ST well in the Gulf of Mexico. The company logged 160ft of gross hydrocarbon interval and is currently completing the well…
Producing oil and natural gas safely and responsibly in the Arctic will strengthen America’s economy and national security, API said in comments to proposed regulations for operations offshore Alaska. “Producing more energy here at home creates new job opportunities and makes us more secure…