Houston-based Freeport-McMoRan Oil & Gas (FM O&G) will be the first US oil producer to launch an initial public offering (IPO) in 2015. The company filed a registration statement on Form S-1 with the US Securities and Exchange Commission…
A fire aboard Petróleos Mexicanos’ (Pemex) unmanned Akal-H platform was quickly put out on Monday (22 June) in the Bay of Campeche. The Akal-H platform. From Pemex Flickr. Four…
Vallourec, provider of premium tubular solutions primarily serving the energy markets, announced several key appointments in its North America region. William Gamisans has been appointed managing director for Vallourec Tube-Alloy worldwide effective 1 August 2015…
As expected, Hercules Offshore Inc. plans to file for Chapter 11 bankruptcy protection next month as a final solution to its US$1.2 billion debt woes. The firm is one of the first to crash and burn as a result of insufficient cash flow due…
Louisiana-based LLOG Exploration Offshore (LLOG) awarded Houston-based McDermott International a lump sum contract to support LLOG’s Otis development located in the Gulf of Mexico. LV 105. From McDermott…
Exxon Mobil’s shareholders elected Doug Oberhelman to its board of directors. Oberhelman is also chairman of the board of directors and chief executive of Caterpillar Inc. With the election of Oberhelman, the ExxonMobil board stands at 12 directors…
The Bureau of Ocean Energy Management (BOEM) completed its required evaluation of bids to ensure that the public receives fair market value for tracts leased as part of the Gulf of Mexico Central Planning Area Oil and Gas Lease Sale 235.…
Kongsberg Maritime’s training center in Houston, Texas has become the first maritime training facility in North America to offer the Nautical Institute-accredited Sea Time Reduction Course for dynamic positioning operators (DPO). Kongsberg…
The future of offshore oil and gas exploration will be exploited with high-specification jackups and ultra deepwater (UDW) drillships capable of working in high-pressure, high-temperature (HPHT) environments, according to pure-play, high-specification offshore driller…
The Bureau of Ocean Energy Management (BOEM) awarded GulfSlope Energy two offshore lease blocks for which it was the high bidder at offshore lease sale 235 in the central Gulf of Mexico. The company will control 107,961 acres covering 19 prospects…
Houston-based Hercules Offshore entered into a restructuring support agreement with a group of its debt holders that will shakeup the company’s finances and position Hercules to benefit during the expected rebound in the offshore drilling industry…
Weatherford International has released their IntegraLine liner system with swage technology at the International Association of Drilling Contractors (IADC) World Drilling 2015 Conference and Exhibition. Weatherford’s IntegraLine liner…
API encouraged congress and regulators to prioritize Arctic offshore oil and natural gas development as the House Natural Resources Committee prepared to hold a hearing on Arctic energy today (16 June). “Arctic oil and natural gas…
Shell has cleared its first hurdle in order to progress its takeover of BG Group, the supermajor announced on 16 June. Shell received an early termination of the US antitrust waiting period from the US Federal Trade Commission. The company…
Tropical storm Bill in the Gulf of Mexico (GOM) is causing rig evacuations. The storm is 300mi wide, with winds up to 50 mph and rainfall from 6-10in in some areas. Tropical Storm Bill (2015). From NOAA's National Hurricane Center Facebook…
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