Offshore Regions News - page 1741


X factor drilling in the fast lane

May 20, 2010

In 2007, OGX was but a dream of Brazilian entrepreneur Eike Batista. In the course of three short years, the company secured financing for leases, bid on and won shallow water blocks, secured drilling rigs, hired about 150 staff, tallied six…

Deepwater poised for fast recovery

May 20, 2010

Two recently published reports point to a speedy recovery for offshore E&P. The deepwater sector of the oil & gas business should recover quickly from the economic downturn and resume the growth the sector enjoyed before the recession, suggests a new report from Douglas-Westwood…

Will rival gas lines meet part way?

May 20, 2010

Two competing gas transportation projects in southern Europe could be combined to increase the future security of European gas supply, Eni chief executive Paolo Scaroni told CeraWeek attendees in Houston in March. According to Scaroni, combining…

Virginia sale to test Atlantic interest

May 20, 2010

The scheduled 2012 lease sale offshore Virginia will proceed, even without the environmental impact studies necessary to allow oil & gas exploration in place, according to MMS director Liz Burnham.The sale – the first on the US Atlantic OCS…

Guarded optimism greets US leasing plan

May 20, 2010

The oil & gas industry and analysts greeted President Obama’s offshore drilling plan as a step in the right direction. But subsequent events surrounding the Deepwater Horizon disaster (see Heavy losses in Horizon tragedy ) could complicate matters…

Heavy losses in Horizon tragedy

May 20, 2010

Late in the evening 20 April, an explosion rocked the deck of the Deepwater Horizon and set off a fire that raged for 36 hours before the Transocean semisubmersible plunged to the seafloor 5000ft below. As OE went to press, operator BP and other…

Papa Terra makes the most of family ties

May 20, 2010

When the P-61 tension leg wellhead platform (TLWP) begins operations at Petrobras' Papa Terra offshore Brazil in 2013, it will be the new kid on the block in more ways than one. Not only will the deepwater unit be the first TLWP facility off Brazil…

Drillers feel the pre-salt pinch

May 20, 2010

With well costs escalating to consume up to half of a project’s funding, operators are seeking ways to trim costs. During IADC’s Deepwater Drilling conference in Rio de Janeiro in March, operators discussed some of their strategies to trim costs…

Driving systemic change

May 20, 2010

‘It seems the world is feeling better,’ observed Talisman Energy president and CEO John Manzoni, striking an optimistic note in his keynote speech at the recent IP dinner in London. But, he wondered, is the oil & gas industry ready to drive…

Kinks in the pre-salt supply chain

May 20, 2010

While operating in Brazil’s pre-salt region does require an array of technologies, Petrobras CEO Jose Gabrielli told a Houston lunch that a bigger challenge lies in meeting logistical demands for operating in deep waters offshore. During the Brazil-Texas Chamber of Commerce event in March…

Could water worries scupper shale gas?

May 20, 2010

Water shortages could pose as great a threat to energy security as political instability or terrorism, leading peak oil theorist Matt Simmons told delegates at the Global Marine Renewable Energy Conference in Seattle, Washington, last month…

Nigeria closes in on oil reforms

May 20, 2010

Nigeria’s controversial oil reforms, long in the works, appear close to passage. The government hopes to shore up falling production and get a bigger share of oil profits. But IOCs doing business in the Delta are wary, as Russell McCulley reports…

Scandinavia Review

May 20, 2010

Handling the loadCargotec is to deliver MacGregor offshore and subsea load-handling systems to a deepsea research vessel on order at Mitsubishi Heavy Industries’ Shimonoseki shipyard in Japan.‘This contract highlights Cargotec’s capacity and technological expertise in offshore load-handling…

Decision support tool put to the test on Ormen Lange pipelay

Apr 20, 2010

The trend toward putting more and more production equipment on the seabed – and in increasingly deeper waters – strongly challenges the offshore construction industry to continuously improve their ability to perform such activities in a safe and cost-effective manner…

Thrust to the forefront

Apr 20, 2010

Compact Azipod units promise the means of producing more efficient thrust for drilling vessels, saving fuel cost and cutting emissions. OE hears from developer ABB Marine.Bunker prices for the IFO380 grade fuel used by the majority of ships were on the rise at time of writing…

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