The Canada-Nova Scotia Offshore Petroleum Board (CNSOPB) granted Shell Canada the approval to begin its Shelburne Basin Venture Exploration Drilling Project, offshore Nova Scotia. The Stena IceMAX…
Although Houston-based FMC Technologies fell 22% in its 3Q 2015 revenue, the company managed to book US$1 billion in subsea orders, and added US supermajor Chevron to its 20k JIP. FMC ROV. Image from FMC Twitter…
Matt Kirk has been appointed vice president of operations at Wood Group Kenny, joining the regional leadership team in the Americas. With 17 years’ experience in the oil and gas sector, Kirk joins Wood Group Kenny from Xodus Subsea where he was managing director…
An accident onboard the drillship Pacific Santa Ana has left one worker dead. The news was confirmed by the US Bureau of Safety and Environmental Enforcement (BSEE), operator Chevron, and the drillship's owner, Pacific Drilling. The Pacific…
Helix Energy Solutions announced in its 3Q results that its net income fell nearly 87% from US$75.6 million in 3Q 2014 to only $9.9 million for 3Q 2015. However, the drop is all about perspective. The company reported a net loss of 2.6 million in 2Q 2015…
ABS entered into a memorandum of understanding with Hyundai Heavy Industries (HHI), Daewoo Shipbuilding and Marine Engineering (DSME) and Samsung Heavy Industries (SHI) to establish a joint industry project (JIP) with leading operators, drilling…
Mexico’s Agencia de Seguridad, Energia y Ambiente (ASEA) has found that Petróleos Mexicanos' (Pemex) Abkatún Permanente platform incident that left four dead, 16 injured and three missing, was caused by a leak in a rarely used gas fuel line that had corroded…
CGG GeoSoftware has announced new releases to its application suites: Jason 9.0, Hampson-Russell 10.0 and Insight Earth 3.0. Jason 9.0 has a new anisotropic inversion tool for analyzing anisotropy for effective well design and optimum production…
TGS announced that it has acquired 46,500km (25%) of the 186,000km 2D seismic project, Gigante. The survey is being acquired with four Seabird vessels and the fifth vessel, m/v Aquila, will join the survey in early November. Gigante…
The US Department of the Interior announced it will cancel two planned Arctic offshore lease sales under the US government’s current five-year plan for 2012-2017 due to Shell’s failed Arctic campaign and current market conditions, which left…
Oil services giant Schlumberger revealed its revenue took a 33% plunge in 3Q 2015 with revenue hitting almost US$8.5 billion for the period, citing a decline in rig activity and pricing pressure as the reasons. The results are causing the…
Oil production from the Organization of the Petroleum Exporting Countries (OPEC) totaled 31.2 MMb/d in September, down 60,000 b/d from August as Saudi Arabia further reined in supply, according to a Platts survey of OPEC and oil industry officials and analysts…
UK-based SURF contractor Ocean Installer has been awarded a Regional Framework Agreement with BP for subsea work in the Gulf of Mexico region. The agreement covers subsea fabrication, transportation and installation of offshore facilities…
Senators Maria Cantwell, Barbara Boxer, Dianne Feinstein, Patty Murray, Ron Wyden and Jeff Merkley introduced the West Coast Ocean Protection Act, legislation to permanently prohibit offshore drilling on the outer continental shelf of California…
As Mexico’s first offshore bidding round for already discovered fields saw bids significantly higher than the minimum set up by the government, adding further transparency to the process would be positive for the round as it approaches its deepwater phase…
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