BP struggled to stop the flow of oil from the Macondo well in the Gulf of Mexico as the disaster entered its second month, and the spill, the worst in US history, was having repercussions far beyond the environmental catastrophe. Russell McCulley reports…
firmsHouston-based Deep Down is acquiring offshore industry syntactic foam flotation products and insulation materials provider Cuming. Total price for the acquisition including the assumption of certain liabilities is $50 million.The newly…
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…
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…
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…
Prosafe’s newest rival in the flotel market is Swedish company Floatel International, established by Bassoe Offshore and management in Gothenburg in late 2006 and run by an experienced management team comprising personnel from Consafe Offshore…
The monetary and environmental cost of the 72-day Montara field oil leak which culminated in a devastating two-day platform fire in the Timor Sea has yet to be determined, but the Australian Government has been quick to establish a Commission…
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