Given that our issue’s focus is the Gulf of Mexico, it is fitting that we remember the fifth anniversary of the Deepwater Horizon disaster. On 20 April 2010, 11 lives were lost when the Macondo well blew out, spilling millions of barrels of oil…
Oilfield services companies are putting a brave face on the continuing market downturn, despite some reporting shrinking order books. Subsea 7 and Fugro reported shrinking order books in their 1Q results this morning. Subsea 7’s…
EPCI contractor McDermott International and Accra, Ghana-based Hydra Offshore Group have joined forces to create a new joint venture called, McDermott Marine Construction Ghana Limited (MMCGL), focused on opportunities offshore Ghana. McDermott's partner…
This year, Pakistan, Egypt, Jordan and Uruguay plan to begin importing natural gas via floating storage and regasification unit (FSRU) vessels. The vessels are a solution to the challenge of importing liquefied natural gas (LNG) into areas…
A tribunal has rejected a bid by the Ivory Coast to stop oil and gas exploration and development activities in a disputed area between its waters and offshore Ghana. The ruling paves the way for UK-headquartered Tullow Oil to continue with its TEN Project offshore Ghana…
Activity in the Black Sea is set to ramp up this year as oil firms eyes deepwater prospects and move to exploit resources like the significant Domino discovery, according to oil and gas analysts Wood Mackenzie. The firm, which has been…
Strong performance in its subsea business has helped Technip offset “unsatisfactory” onshore and offshore revenues despite industry headwinds, the firm’s CEO Thierry Pilenko announced today. But, the chairman of France’s Technip, which recently launched a new subsea joint venture…
ConocoPhillips’ found no commercial hydrocarbons at its Harrier prospect in Mississippi Canyon Block 118 in deepwater Gulf of Mexico. Harrier was drilled to a total depth of 19,400ft. The well will be plugged and abandoned. ConocoPhillips is the operator of Harrier with 63%…
Norway-based Odfjell's newbuild deepwater semisubmersible Deepsea Aberdeen has started drilling operations under a seven-year contract with BP on the Quad 204 field development project West of Shetland, UK. Deepsea Aberdeen (pictured)…
Colombia yet again made another push this year at IHS CERAWeek in Houston to alert the oil and gas industry that not only is the South American country open for business, like that of its northern competitor Mexico, but that it is willing…
For the first time in decades, Mexico’s upstream business is accessible to foreign companies. A panel of experts discussed the implications at this week's CERAWeek conference in Houston and found that, with three bidding rounds planned and data rooms open for scrutinizing…
Currently, the energy industry is focused on finding ways to master the challenges of the low oil-price cycle. To meet those challenges, first, operators must re-evaluate the future of global oil development, said OAO LUKOIL President Vagit Alekperov…
This week commemorates the fifth anniversary of one of the worst oil spills in US history. On 20 April 2010, 11 lives were lost when BP’s Macondo well blew out, spilling millions of barrels of oil, igniting not just a fire, but change within the oil and gas industry…
The Gulf of Mexico remains resilient five years after the explosion of the Deepwater Horizoncaused the second largest oil disaster in world history. Scientists at the Harte Research Institute (HRI) for Gulf of Mexico Studies at Texas A&M…
China's Zhuzhou China South Rail Times Electric completed a £130 million acquisition of the UK-based ROV and trenching equipment manufacturer Specialist Machine Developments (SMD), also known as Soil Machine Dynamics. Zhuzhou specializes…
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