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…
In April, Transocean’s Deepwater Asgard drillship arrived in the US Gulf of Mexico (GOM) to work under a two-year contract for Chevron. The ship is a Daewoo Shipbuilding DSME 12000 design with dynamic positioning capabilities and can drill up to 35…
Ophir Equatorial Guinea awarded WorleyParsons a contract for provision of engineering and project management services for their Equatorial Guinea Block R Project, the Fortuna project. Block R map…
Subsea 7 awarded FES International a contract for the supply of fully automated diverless bend stiffener connectors (DBSCs). DBSCs are one of FES’s most successful product lines and this is the 10th fully automatic end fitting release system DBSC…
An oil price below US$70/bbl will not be sustainable long term, according to Norwegian energy analysts Rystad Energy. Speaking at the firm’s offices in Oslo, senior analyst Audun Martinsen outlined how the firm sees current global liquids…
Ceona entered into a joint venture with Seaweld Engineering, which will act as a strategic partner for offshore deepwater construction projects in Ghana. The Ceona Amazon. From Ceona. The…
UK independent Ophir Energy has contracted Australian engineering group WorleyParsons and its subsidiary INTECSEA for engineering and project management services on its Fortuna project in Block R offshore Equatorial Guinea. Ophir has…
OE’s Audrey Leon spoke with Scott Cummins, Senior Vice President, Commercial, McDermott about the opening of Mexico’s oil and gas industry and what effects it will have on both McDermott and the industry at large. Welder…
OE’s Audrey Leon spoke with Francisco Nunez, regional sales manager, Latin America, at OneSubsea, about the opening of Mexico’s oil and gas industry and what effects it will have on both OneSubsea and the industry at large. Please explain…
Most of the Mexican side of the Gulf of Mexico remains unexplored. Dan McConnell explores the geotechnical knowns and unknowns in the basin. Acquiring geotechnical data for platform foundation design in Mexico’s Bay of Campeche…
While the countdown to Round One has dominated activities in the Mexican offshore sector over the past 12 months, there have still been other notable contracts awarded. Pemex’s Ku-S platform in the Bay of Campeche…
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