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Bordelon Marine teams up with Susan G. Komen

Mar 03, 2015

Bordelon Marine is partnering with Susan G. Komen to christen the MV Shelia Bordelon on 20 March 2015 at Bordelon Marine Shipbuilders in Houma, Louisiana.  As part of its partnership Bordelon Marine will donate a portion of the profits from its ship…

Wood Mack sold to US-based Verisk

Mar 10, 2015

An American data analytics and risk assessment firm based in Jersey City has bought Edinburgh, UK-based energy and mining industry analyst Wood Mackenzie.  Verisk Analytics has agreed to buy the firm for US$2.8 billion from owners Hellman & Friedman and other Wood Mackenzie shareholders…

CNOOC brings Qinhuangdao online

Mar 09, 2015

CNOOC Ltd. announced that its Qinhuangdao 32-6 comprehensive adjustment project has commenced production. The Qinhuangdao 32-6 oilfield is located at the central north of Bohai Bay with an average water depth of approximately 20m. The…

EIA: Gulf of Mexico production set to grow

Mar 03, 2015

The recent downturn in oil prices is expected to have minimal direct impact on Gulf of Mexico (GOM) crude oil production through 2016 because of the long timelines associated with GOM projects, according to a new report by the US Energy Information Administration (EIA)…

ACCC good with Woodside, Apache deal

Mar 05, 2015

Woodside Petroleum's proposed acquisition of Houston-based Apache's interests in the Wheatstone, Balnaves and Kitimat projects are moving forward after the Australian Competition and Consumer Commission (ACCC) announced that it will not oppose the deal…

Pricing will be key to 2015 oilfield services M&A activity

Feb 16, 2015

The outlook for mergers and acquisitions in the oil and gas service sector in 2015 will hinge upon the resilience of businesses and a recalibration of pricing expectations, according to energy specialist corporate advisory firm Simmons & Co…

Restoring production efficiency

Feb 04, 2015

A three phase asset management strategy could help counter costs, says ABB’s Will Leonard. In mid-December, the price of oil fell further after the International Energy Agency (IEA) forecast weaker demand in 2015. Brent crude fell to around US$60 a barrel…

Sustained low oil prices provides canvas for industry to reinvent itself

Feb 03, 2015

Voluntary oil production cuts to support oil prices have been ruled out in favor of a brutal process of natural selection to correct the market. The most efficient producers will be left standing as growth slows and companies cut capital budgets and reduce headcounts…

Rescue mission

Feb 04, 2015

With oil prices depressed, Greg Hale argues that automation could make a much needed difference in the offshore industry. The scenario is set and it is time for everything to play out: automation can come to the rescue of the offshore oil and gas industry…

Inefficient producers will be driven out

Feb 02, 2015

Kuwait Petroleum Corp.'s (KPC) CEO today said the company would be increasing output, a move he says will put pressure on deepwater projects as well as the likes of onshore oil sands and expensive unconventional projects. Nizar Al-Adsani said the market…

Trelleborg introduces the Knowledge Center

Jan 28, 2015

Trelleborg Sealing Solutions’ (Trelleborg) new website, the Knowledge Center, will showcase best practice in sealing technology and aim to bridge the gap between design engineers’ needs and standard technology documentation, bringing useful information together as part of one digital portal…

Premier maintains momentum

Jan 14, 2015

Independent oil firm Premier Oil is sticking to an eight-well exploration campaign in 2015, including its four-well campaign in the Falkland Islands, due to start in March, and its first well in the emerging Mandal High play offshore Norway…

GE/McDermott launch new consultancy

Jan 15, 2015

A new oilfield consultancy has been launched by GE Oil & Gas and McDermott International to “transform the development of front-end solutions for offshore fields.” Io oil & gas consulting, deliberately spelled without capital letters by the firms…

First oil on Eldfisk II achieved

Jan 05, 2015

First oil production has started from ConocoPhillips Eldfisk II project in the Norwegian North Sea. The Eldfisk II project includes plans to drill 40 new production and water injection wells from the new Eldfisk 2/7 S platform. One of four pre-drilled wells is currently online…

Different risk profiles among deepwater projects

Jan 01, 2015

GlobalData’s Adrian Lara sheds light on the kinds of deepwater projects expected to advance while the price of oil continues to fall. Engineers from Jumbo Maritime deliver 25 MOF caissons for the…

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