LQT Industries was awarded the refurbishment and outfitting of a single lift accommodations facility for an oil and gas company. LQT is providing project management, procurement, and construction teams to complete the project. The project…
Deepwater is ready for a comeback. Operators at this year’s Offshore Technology Conference sang the praises of a new below US$50/bbl world. Audrey Leon reports. Image of Mad Dog in 2013. Image from BP…
Baker Hughes and GE have gained clearance from the European Commission (EU) for the duo’s proposed merger. “The companies remain confident in the value that the combined company will deliver to its customers, employees, shareholders and to the oil and gas industry…
Otto Energy has entered into binding agreements to raise US$8.2 million to develop the company’s oil project in the South Marsh Island 71 license (SM-71) in the Gulf of Mexico. Map of SM-71, from Otto…
Ensco is set to acquire Atwood Oceanics in an all-stock transaction worth some US$839 million, creating a company with the largest jackup fleet in the world. Image from Ensco. Ensco…
Husky Energy has firmed up plans for its West White Rose Project offshore Newfoundland and Labrador with first oil set for 2022, while announcing a new discovery at Northwest White Rose. The SeaRose FPSO…
ExxonMobil has awarded Maersk Drilling a contract extension valued at US$22.5 million for the ultra deepwater drillship Maersk Viking. The three-year contract, originally scheduled to end in July and valued at $610 million, will now run an additional 150 days into December this year…
President Trump wants to take away the Gulf of Mexico Energy Security Act (GOMESA) payments from four coastal states in the Department of Interior’s (DOI) proposed US$11.7 billion budget for 2018. Trump…
TGS and Petroleum Geo-Services (PGS) have announced two new multi-client 3D seismic projects offshore Eastern Canada. Following on from the recently announced 2017 2D seismic campaign and the Cape Broyle 3D, the two new projects - East…
Former Louisiana state official Scott A. Angelle has been appointed as the director of the US Bureau of Safety and Environmental Enforcement (BSEE), effective 23 May. Angelle. Image from BSEE. Angelle…
Talos Energy has started drilling the Zama-1 exploration well in Block 7 in the shallow water Sureste Basin, offshore Mexico. The well is the first exploration well to be drilled on acreage awarded in Mexico's first international licensing round in 2015…
The Bureau of Ocean Energy Management (BOEM) says it will offer about 1.09 million acres in the Cook Inlet, offshore Alaska’s south central coast in a lease sale scheduled for next month. Map of the 224 areas included in the Cook Inlet Lease Sale 244…
Wild Well Control purchased subsea capping equipment from Shell EP Wells Equipment Services BV. Wild Well’s WellCONTAINED capping stack located in Singapore. Image from Wild Well. The…
NXT Energy Solutions has started work on the first-ever Stress Field Detection (SFD) Multi-Client Survey in the Gulf of Mexico. NXT’s patented SFD Technology has been approved by the Comisión Nacional de Hidrocarburos, (CNH), for work credits by exploration companies in Mexico…
Westwood Global Energy Group (WGEG) predicts to see stagnation in terms of dollar demand through to early next decade before signs of a recovery emerge. This is due primarily to the marked oversupply of equipment. Most critically, the newbuild offshore rig market (comprising jackups…
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