The Bureau of Ocean Energy Management (BOEM) opened the Gulf of Mexico Western Planning Area Lease Sale 238 in New Orleans on 20 August 2014, offering 21.6 million acres for oil and gas exploration and development offshore Texas. The sale attracted more than US$109…
Forecasters with the National Oceanic and Atmospheric Administration's (NOAA) Climate Prediction Center raised the likelihood for a below-normal season in last week’s update to the Atlantic Hurricane Season Outlook. Image…
Petroleos Mexicanos, Mexico's national oil company, released 2Q 2014 financial results last Friday. Total sales increased by $15.9 billion pesos (US$1.2 billion), which represented 4% growth year-over-year. The growth is primarily attributed to a 27…
Oman's Ministry of Oil & Gas (MOG) has announced an oil and exploration bid round which includes two blocks offshore. The two offshore blocks 18, 59 are being opened to bidders alongside onshore blocks 43A, 54, 58. Block 18 is in…
Chinese industrial conglomerate Fosun International Ltd. is buying Australia’s Roc Oil Co. Ltd. in an all-cash, A$474 million (US$441 million) transaction. Sydney-based Roc Oil has assets from Australia to Malaysia, China, and the UK North Sea…
BW Offshore has agreed a US$800 million, 10-year credit facility for the Catcher floating production, storage and offloading project. The facility is a combined construction and long term financing facility. The credit facility was substantially…
China National Petroleum (CNPC) and Cupapetroleo (CUPET) signed a framework agreement to increase crude output and production sharing and a cooperation agreement on drilling services in Havana, Cuba on 22 July. Under the agreements, CNPC…
Research and Markets analysts forecast that the global offshore drilling market will grow at a compound annual rate of 10.9% (CAGR) over the period 2013-2018. One of the key factors contributing to this market growth is the increase in…
Shore-side command centers are the hub for offshore communications and rescue coordination efforts. Images from McMurdo Group. McMurdo Group’s Remi Julien discusses how different…
The HelWin Beta platform, on its way out to sea. Photos from HFG. The North Sea is set to continue to provide work for fabricators for 10-20 more years, says Heerema Fabrication Group’s CEO…
DONG Energy released a video showing the installation of the Hejre jacket that occurred on 23 May 2014. DONG Energy has installed the jacket for the Hejre platform in the Danish sector of the North Sea, 292km north west of Esbjerg…
Underwater noise is recognized as an adverse environmental stress and must be addressed in environmental impact assessments (EIAs). Companies have stepped forward with 3D acoustic modeling and measurement systems as countries develop…
Cooper Energy Ltd. announced that the Elliston-2 oil development located in PPL 249 on the western flank of Cooper basin in South Australia, spudded and of 22 July, the rig was drilling a 12 ¼ in. hole at 162m. Elliston-2, a vertical well located 250m south-southwest of Elliston-1…
Ellen Fussell Policastro examines how video surveillance meets DCS integration for faster event response. Video surveillance sees use for monitoring coastal traffic monitoring and preventing vandalism…
Total E&P UK’s HPHT Elgin Franklin complex. Image from Total E&P UK. High-pressure, high-temperature developments are on the increase in the UK North Sea…
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