Towards 2025, deepwater exploration and production will save the offshore industry, Norwegian energy analysts Rystad said in a recent presentation. According to Douglas Westwood’s World Deepwater Market Forecast, 2014-2018, deepwater spending is due to rise by 130%…
Tidal and wave energy projects are getting grid-wet this year, yet there’s still more to learn. Emma Gordon reports from All Energy. An OpenHydro device. Image from OpenHydro. The…
Following Mexico’s historic energy reforms, Fernando C. Hernandez of Reaching Ultra, discusses what is still needed in order to make Mexico a major deepwater player. Fig. 2: The Perdido Hub as seen from a crew boat…
Brazilian giant Petrobras encountered light oil pay at the second appraisal well at its Carcará pre-salt discovery offshore Rio de Janeiro, according to partner Queiroz Galvão Exploração e Produção (QGEP). ODN II…
Rig owner and operator Songa Offshore is close to taking delivery of the first two of four Cat D rigs it is building to work for Norway’s Statoil. The Songa Equinox has completed sea trials and is scheduled for delivery mid-June. The…
Standby vessel operator Atlantic Offshore Rescue has unveiled its third new vessel in the past 12 months as part of its fleet modernization program, representing an investment totaling £300 million. Ocean Falcon, a new Class A multi role and emergency response and rescue (MRV/ERRV) vessel…
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…
DeepOcean has been awarded an inspection, maintenance, and repair (IMR) contract by GDF SUEZ E&P Norge (GDF SUEZ). The four-year contract covers all ROV-based IMR work for GDF SUEZ on Gjøa field and the associated subsea assets. DeepOcean…
The Petroleum Safety Authority Norway granted Statoil consent for exploration drilling at its operated production license 602 in block 6706/11 in the Norwegian Sea. The field is located around 233km from the nearest mainland at Skomvær in the county of Nordland…
Tullow Oil began exploration drilling at the Zumba prospect in the Norwegian Sea, according to partner North Energy. The Leiv Eiriksson. From Ocean Rig. Zumba is located in production licence 591…
To develop its large fleet, Groen Offshore, Guard & Support selected the first Damen Twin Axe Fast Crew Supplier (FCS) 2610 to be customized with offshore oil and gas standby capabilities. The Netherlands-based company will deploy…
GC Rieber Shipping has taken delivery of its seismic new-build Polar Empress, from Kleven-owned Myklebust Verft. The vessel is chartered on a five-year contract to Dolphin Geophysical. Polar Empress is a high-capacity 3D seismic vessel with ice-class 1A…
Chevron awarded Eidesvik Offshore a 19-month contract for the Viking Princess platform supply vessel. The contract comes with a four optional six-month extensions. The vessel is set to begin in June/July 2015. The Viking Princess was delivered in 2012…
Total achieved a milestone of producing a cumulative 2 billion bbl from its operated deep offshore Block 17 located 150km off the coast of Angola, Africa. CLOV. From Total. With the recent start up of CLOV…
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