Hercules Offshore, Inc. announced that it has entered into an agreement for the sale of eleven inland barge rigs, which includes three active rigs, eight cold stacked rigs, and related assets ('Inland Asset Package') for cash proceeds of approximately $45 million…
The US Senate has confirmed MIT physics professor Ernest Moniz as Barack Obama’s new Energy Secretary, replacing outgoing Secretary Stephen Chu. President Barack Obama congratulated Moniz on his successful confirmation hearing, where the Senate voted unanimously…
E&P companies are ramping up exploration of deepwater and ultra-deepwater reservoirs, encouraged by attractive oil prices. New developments spread across offshore Africa, Asia Pacific, Europe, Middle East and North and South America. Jeannie…
Tenaris announced it will invest $70 million to build a new sucker rods mill with a production capacity of 1,800,000 units per year, in order to reduce lead times and improve service for customers in the growing North American market. It…
Chevron encountered more than 400ft of net oil pay at its deepwater Coronado well No. 1 in the US Gulf of Mexico. Coronado comprises Walker Ridge Block 98. The No. 1 well is located approximately 190 miles off the Louisiana coast in 6,127ft of water…
Buccaneer Energy has spud the shallow water Cosmo No. 1 well located in Alaska's Cook Inlet, near Anchor Point on the Kenai Peninsula, the company announced on 13 May 2013. Buccaneer used the Endeavour - Spirit of Independence jack-up rig…
COLLOQUY: Editor's Column The structure of the Mexican oil industry is on the verge of change, driven by a need to increase revenues and build reserves. The consensus is that Mexican fields are aging, production is declining, and although…
Royal Dutch Shell plc (Shell) has announced a final investment decision in the Stones ultra-deepwater project, a Gulf of Mexico oil and gas development expected to host the deepest production facility in the world. This decision sets…
ExxonMobil and 50/50 partner Statoil will commence development on the Julia oil field in the US Gulf of Mexico, the companies announced on 7 May 2013. The project's capital costs could total more than US$4 billion. “The development of…
Husky Oil Operations awarded Technip two contracts for the planned subsea tieback of the South White Rose Extension field off Canada's eastern coast, Technip announced on 8 May 2013. The field is an extension of the White Rose field, located in the Jeanne d’Arc Basin…
Tendeka, the provider of completions systems and services to the upstream oil and gas industry, today announces plans to significantly grow its North and South American market presence by promoting its full portfolio of complementary completions products and services in the region…
Rigless abandonment of wells and use of downhole communications will be future trends, according to an OTC paper on well plugging and abandonment. Praful Desai, presenting for Schlumberger, outlined the large number of ageing and non producing wells globally…
Announcement Confirms Continued Growth of Quickflange’s Cold-Based Pipe Connection Solutions Onshore and in Gulf of Mexico Quickflange AS, one of the industry’s leading providers of high performance pipe connection systems, has appointed…
Swire Oilfield Services, LLC, the world's largest supplier of specialized offshore cargo carrying units to the global energy industry and leading supplier of modular systems, offshore aviation services and fluid management, will exhibit at the Offshore Technology Conference (OTC) in Houston…
Leading international oilfield services company, Expro, is celebrating its 40th anniversary at this year’s Offshore Technology Conference (OTC) in Houston by showcasing its investment in new technology and innovation. As part of that…
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