Jacobs Engineering Group Inc. and CH2M Hill Companies Ltd. have entered into a definitive agreement that will see Jacobs acquire all of the outstanding shares of CH2M in a cash and stock transaction with an enterprise value (EV) of approximately US$3…
Petronas subsidiary PC Carigali Mexico Operations is opening a Mexico City office in Q3 2017 that will help support the company’s operations in the Salinas basin. In all, Petronas has 5491sq km in gross acreage in the Salina Basin. In June…
Pacific Drilling CEO Christian J. Beckett has stepped down from his positions as CEO and as a member of the board, after a 10-year tenure, to pursue other opportunities, the firm has announced. Paul T. Reese, the Houston-based company’s current Executive Vice President and CFO…
Cox Oil Offshore has purchased a majority stake in the Gulf of Mexico (GoM) Outer Continental Shelf from Freeport-McMoRan Oil & Gas (FM O&G), a subsidiary of Freeport-McMoRan. The deal includes FCX’s interests in the Flatrock and Hurricane areas of the OCS-310 Tiger Shoal lease…
BP is on track to start up its Juniper project off Trinidad in the coming weeks, and bring Eni’s Zohr online offshore Egypt by the end of 2017. The supermajor was hopeful in its Q2 2017 earnings call, announcing the possibly of having final…
US offshore wind developer Deepwater Wind has unveiled plans for a 'utility-scale' offshore wind and energy storage project offshore Massachusetts. Revolution Wind would be a 144 MW wind farm paired with a 40 MW hour battery storage system provided by Tesla…
Diamond Offshore is championing a new Floating Factory concept meant to meet future deepwater challenges, but drumming up support during the downturn may be tough. Karen Boman reports. Photo from iStock…
Mexico’s energy reform efforts have been realized with recent successes from prior bid rounds. Now, Mexican national Pemex has added a steady schedule of farm-outs in shallow and deep water. Audrey Leon surveys the plays on the agenda. Juan…
In advance of OE’s 2017 Global FPSO Forum, held in Houston this month, Audrey Leon chats with the forum’s board members to learn what is in store for the FPSO sector and discover how digitalization may play a role. Aerial…
Mobile offshore drilling units could be a FPU conversion alternative. Karen Boman sets out the details. InterMoor tows the ATP Innovator FPU from the Gomez field in the Gulf of Mexico.Photo from InterMoor’s Flickr…
NEL’s Damian Krakowiak examines the potential of virtual flow metering technology and how better testing could enable its adoption. Validation needed. Photo from NEL. With the…
All Coast LLC will enter the US offshore wind farm market with the development of the first Jones Act-compliant vessel built for offshore wind farm installation and support activities. The liftboat will be capable of installing offshore foundations and wind turbines…
CARBO Ceramics announced KRYPTOSPHERE HD has been utilized by all supermajor E&Ps operating in the Gulf of Mexico, for deep, high stress wells. KRYPTOSPHERE HD is the leading ultra-conductive, high strength ceramic proppant. It was initially…
W&T Offshore has secured the Enterprise Offshore 264 jackup rig to drill the South Timbalier Block 224 condensate prospect in the US Gulf of Mexico, says partner Otto Energy. According to Otto, W&T expects to spud the well in Q4. The prospect is in approximately 170ft of water…
With US lawmakers prepared to hit Russia with more sanctions*, the domestic oil and gas industry is bracing for what potential impacts may come. Karen Boman lays out concerns voiced at a July Atlantic Council Event. [*Update] The US Senate…
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