Statoil will make its first moves into Nicaraguan waters after the country awarded the Norwegian explorer four licenses off its Pacific coastline. The 29 May announcement came after meetings last September where delegates from Statoil and the state oil company…
W&T Offshore encountered hydrocarbon pay at Ewing Banks 910 with the successful drilling and evaluation of the Ewing Banks 910 A-5 ST well in the Gulf of Mexico. The company logged 160ft of gross hydrocarbon interval and is currently completing the well…
Producing oil and natural gas safely and responsibly in the Arctic will strengthen America’s economy and national security, API said in comments to proposed regulations for operations offshore Alaska. “Producing more energy here at home creates new job opportunities and makes us more secure…
Seadrill’s 1Q 2015 results showed the company’s revenue at US$1.244 million, down just 1.36% from $1.261 million in 4Q 2014. The West Jupiter. Image from Seadrill. Operating profit skyrocketed to a whopping 35…
The National Transportation Safety Board (NTSB) is naming Shell as being ultimately responsible for the grounding of the Kulluk ice-class mobile offshore drilling unit (MODU) in 2012 offshore Alaska, due to the company’s inadequate assessment of the risk for the towing…
Producing oil and natural gas safely and responsibly in the Arctic will strengthen America’s economy and national security, API said in comments to proposed regulations for operations offshore Alaska. Image from CGG…
Penspen, a provider of engineering and management services to the energy industry, appointed Carl Mook as the new executive vice president (EVP) asset management and asset integrity and regional director of the Americas. In his new EVP role…
Harris CapRock Communications, a provider of managed communications services for remote and harsh environments, has been selected by Hess Corp. to provide a turnkey, integrated telecommunications solution to support the Stampede offshore field development project…
Applus RTD, provider of integrity technology services, will open an office in Corpus Christi, Texas following increased demand for its non-destructive testing (NDT) services from the region’s energy industry. The new office adds…
Pemex’s board of directors approved a restructuring plan for its subsidiary Pemex Exploration and Production (PEP) on 22 May, the Mexican national oil company announced. The board of directors created a steering committee for PEP, designating Juan Javier Hinojosa Puebla…
The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) has laid four charges against the consortium behind the Hibernia field after an oil spill. The charges were made against the Hibernia Management and Development…
For the US energy industry, 2014 will be remembered as the year when crude oil prices fell below US$50/bbl, resulting in significant realignments in the sector. Aside from the oil price collapse and the historic high of domestic natural gas production…
Pipeline repair company IRM Systems opened a new base of operations in Houston, Texas. Rutger Schouten, general manager of IRM Systems said: “The implications of this development are tremendous, bringing with them the need for a new perspective on pipeline inspection…
The Petroleum Bill and suite of associated regulations as well as a sovereign wealth bill have been put before the Bahamian House of Assembly for their second readings on 20 May, Bahamas Petroleum Co. announced. Image from Bahamas Petroleum…
Both Halliburton and Transocean have reached settlement agreements with BP over the 2010 Deepwater Horizon incident in the Gulf of Mexico. The Deepwater Horizon incident occured on 20 April 2010, spilling millions of barrels of oil into…
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