BP has reported a fall in profits in 2013, as the company feels the brunt of its divestment program. Underlying replacement cost profit for Q4 was US$2.8 billion, compared with $3.9 billion for Q4 2012. Full-year underlying replacement cost profit was $13…
Update: The Bureau of Safety and Environment Enforcement (BSEE) announced that weighted drilling fluids pumped into well A-7 stopped the uncontrolled gas flow in Vermilion block 356 in the Gulf of Mexico. BSEE approved operator EnVen’s plan to kill the well with mud…
FMC Technologies Inc. announced today that it signed a 3-year contract with Pemex Exploration and Production to manufacture and supply surface wellheads to support drilling and well maintenance programs in the Gulf of Mexico. The award…
Gulf Coast Shipyard Group, a manufacturer of a variety of ocean-going and inland marine vessels for commercial and military markets, announced today the launch of the first of six Harvey Gulf International Marine 302’ x 64’ dual-fuel Offshore Supply Vessels…
Gulf Coast Shipyard Group, Inc.—a manufacturer of a variety of ocean-going and inland marine vessels for commercial and military markets as well as the Trinity Yachts brand— announced signed a three-year lease with one-year options with the Port of Gulfport…
Brian Salerno, director of the Bureau of Safety and Environmental Enforcement (BSEE), cited 12 Gulf of Mexico operators for failure to comply with the Safety and Environmental Management Systems (SEMS) requirements of the Workplace Safety Rule…
Noble Energy hit a deepwater discovery offshore the Gulf of Mexico. The Dantzler exploration well, located 12m west of the firm’s Rio Grande development in Mississippi Canyon 782, has encountered over 120ft of net pay, mainly crude oil, in two Miocene reservoirs…
Following BP’s September announcement that it was canceling its massive Mad Dog contract, the supermajor is now working with partners Chevron Corp. and BHP Billiton Petroleum to develop Phase 2. BP is reportedly entering topsides pre…
Halliburton plans to open a new integrated completion center located in New Iberia, Louisiana. This new facility will expand the company’s resources and capabilities for deepwater completion tools while continuing to focus on service alignment…
Freeport-McMoRan Copper & Gold (FCX) is one of the world’s largest mining companies, but it is expanding its interests in North American oil and gas. FM O&G has about 1200 Houston-based employees, and has additional offices in California…
Fieldwood Energy LLC acquired SandRidge Energy, Inc.’s Gulf of Mexico and Gulf Coast business unit for US$750 million, with an effective date of Dec. 1, 2013, and subject to customary purchase price adjustments. As part of the transaction…
Subsea 7 provides this video charting the timeline of construction for its latest pipelay/heavy lift strategic enabler vessel Seven Borealis, delivered in 2012. Seven Borealis is a customized SOC 5000 model designed by ULSTEIN. The vessel's…
New year, new focus. OE asked, “What are the main technology trends for your sector this year?” In 2014, we expect to see an emphasis on automation and control systems to enhance rig efficiency and safety. Multi…
Atwood Oceanics, Inc.announced today the delivery of the Atwood Advantage from the Daewoo Shipbuilding & Marine Engineering Co., Ltd. (DSME) shipyard in South Korea. The Atwood Advantage has departed the DSME shipyard and commenced its drilling services contract with Noble Energy…
BP, with partner ConocoPhillips, has struck oil at the Gila prospect in deepwater US Gulf of Mexico. BP said the move was a sign of its returning momentum in the region. The high pressure Gila discovery was made by an exploration well on Keathley Canyon Block 93…
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