Paragon Offshore and its lenders have entered into an agreement to revise the company's restructuring plan in hopes to emerge from its bankruptcy process later this year in October. The Paragon MSS1…
TGS and Schlumberger have started the Dual Coil Shooting multivessel full-azimuth acquisition Revolution XII and XIII surveys in the US Gulf of Mexico. The surveys will cover about 7150sq km (306 blocks) in the Green Canyon, Atwater Valley…
An oil spill with an estimated maximum potential of 4200 gallons of crude oil occurred yesterday (2 August) from a well owned by Houston-based Texas Petroleum Investment Co. (TPIC), near Main Pass offshore Louisiana, according to the US Coast Guard (USCG)…
Vaalco Energy’s chief executive officer (CEO), Steve Guidry, will retire from the company and board of directors effective 1 September 2016. Guidry joined Vaalco as CEO in October 2013 after having worked for 33 years at Marathon Oil Corp…
Cobalt International Energy is setting Angola as its number one priority, as the Houston-based company disclosed a multimillion-dollar loss in Q2 2016 due to a dry well in the Gulf of Mexico. The Rowan Reliance drillship…
Transocean has agreed to acquire all of the outstanding common units of Transocean Partners not already owned by Transocean in a share-for-unit merger transaction that will also see the Houston-based company takeover three vessels. In the merger…
In this video, Anadarko talks about its Heidelberg project, in the Green Canyon area of the Gulf of Mexico. Heidelberg, which came onstream four months ahead of schedule in January 2016, is an 80,000 b/d floating production facility…
Considerations for pipe-in-pipe designs for high-pressure, high-temperature fields were set out by Subsea 7 engineers at this year’s OTC. Jerry Lee takes a look. Subsea 7’s flowline solutions (from left: bundle…
Oceaneering’s Justin Pizzitola discusses the use of an open water dual coiled riser based system for rigless stimulation. Back deck of an Oceaneering vessel. Images from Oceaneering International…
In advance of OE’s 2016 Deepwater Intervention Forum, held in Galveston, Texas, Audrey Leon discusses the next game-changing technologies with the forum’s board members. The Helix Well Enhancer…
ConocoPhillips and Marathon Oil Corp. have signed an early termination agreement for the deepwater drillship Maersk Valiant, Maersk Drilling says. The termination, which comes following Conoco's decision to halt Gulf of Mexico deepwater exploration spending…
The US Bureau of Safety and Environmental Enforcement (BSEE) has issued recommendations for safety measures developed from the investigations into two offshore incidents involving the use of hydraulic casing jacks, where one incident resulted in a fatality…
Forum Energy Technologies (FET) has opened a new plant near Houston expanding its syntactic foam manufacturing capabilities. The six-acre facility in Bryan, Texas, brings Forum’s Syntech product line closer to clients in the oil and gas industry and has the capacity to support future growth…
The US Bureau of Ocean Energy Management (BOEM) is gearing up to hold is first ever lease sale via a live broadcast later this summer that will mark the last lease sale for the Western Planning Area of the current five-year program. Image of Hopper…
Schlumberger has reduced its workforce by 16,000 so far this year, which the oil services giant attributed to weak activity that it expects to persist throughout the year. Image from Schlumberger…
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