ION Geophysical Corp. announced the availability of fast-track pre-stack time migrated (PSTM) data from the first phase of its MexicoSPAN program. Currently being acquired, phase one encompasses more than 22,000km of deep-imaged two-dimensional (2D) seismic data…
In Houston, UTEC Survey promoted Cory Goodyear to the position of general manager after eight years with the company. Goodyear has 18 years’ offshore-related experience having started as a field surveyor before becoming a project manager…
Houston-based Transocean is one of the few major companies in the oil and gas industry to have a positive 2Q 2015, which was due to multiple factors including Macondo-related settlement agreements. Image from Transocean…
Image: Delfin LNG Bechtel announced it has been selected by Delfin LNG, a wholly-owned subsidiary of Fairwood Peninsula Energy Corp., to perform front-end engineering and design (FEED)…
US-based Chevron isn’t expecting first production to come from its Big Foot platform in the Gulf of Mexico until 2018, a delay of about two and a half years that will result in reducing production estimates by up to 22,000 b/d net. The…
Contracting activity across the global upstream sector rose 20% in 2Q this year, compared to 1Q, but is still lower than the same period last year, according to the Energy Industries Council's EIC Monitor. The uptick in EPC activity was focused on Brazil and Norway…
The US Department of Justice (DOJ) and the European Commission are digging deeper into Halliburton’s US$34 billion proposed acquisition of Baker Hughes by requesting additional information in discrete areas. Image from Baker Hughes…
Noble Energy recorded a net loss of US$109 million for 2Q 2015, however managed to slightly increase its total sales volume. Image from Noble. 'Although these are challenging times in our industry…
Fugro has been awarded a contract by BG International Ltd. Sucursal Honduras to conduct an integrated multibeam echosounder (MBES) survey and seabed coring campaign over its offshore acreage (block) in the Honduran Caribbean. As part of BG’s exploration license commitments…
In advance of 2015 Deepwater Intervention Forum held in Galveston, Texas, OE’s Managing Editor Audrey Leon discusses the intervention market in the wake of the downturn, and speaks with several forum board members ahead of the show on 11-13 August…
The rewards on offer from subsea boosting technology were spelled out at the MCE Deepwater Development Conference in London this spring by Arne B. Olsen, sales director, pumps and subsea processing at OneSubsea. Meg Chesshyre reports. Gullfaks…
When developing the Lucius and Heidelberg fields in the deepwater Gulf of Mexico, Anadarko Petroleum opted for a “design one, build two” strategy. Audrey Leon reports on how the Lucius field, which began production in January, came to be…
Already deployed off Brazil and West Africa, Jerry Lee investigates a new way to intervene on wells — from the drill pipe. Animated picture of the ocean floor properties of Vallourec. Image from Vallourec…
A busy week for global news mid-July sent crude prices plummeting. The agreement between the Greek government and European financial ministers left a lingering uncertainty hanging over the Eurozone, with several high profile organizations remaining openly critical of it…
Chevron’s results for 2Q 2015 show the company in a drastic drop of nearly 90% compared to last year, from substantial impairments that have lead the company to implement multiple efforts to improve future earnings and cash flows. Image…
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