Clik here to view.
Projects help support African nations
Eni, shown here operating off the Republic of Congo, maintains a large presence in African waters, and is continuing to grow it so far this year. (Image courtesy Eni) Despite sustained low oil prices...
View ArticleClik here to view.
Oil prices hit above $50 for first time in seven months!
LONDON – Brent oil prices climbed above $50/bbl on Thursday for the first time in nearly seven months, according to a Reuters report. Oil prices have rallied in recent weeks after a string of...
View ArticleClik here to view.
Project Delays, Economics Push U.S. to Shift Offshore Funding
Becalmed Oregon’s 10-MW WindFloat project was pulled from the DOE grant program due to a lack of buyers for its power supply. Photo: WindFloat Pacific Construction delays and energy economics appear...
View ArticleClik here to view.
Panama Canal Expansion could trigger an East Coast construction boom
Two months ago, the town of Summerville, S.C., broke ground on a $19 million, 307,000-sf shell building (expandable to 923,000 sf) at the Charleston Trade Center, a 750-acre shipping complex with...
View ArticleClik here to view.
Analyst predicts $80/bbl oil by next year
HOUSTON – A recent update from Raymond James & Associates’ US Research group advised that it was raising its 2017 and 2018 oil price forecasts by $5/bbl, predicting per-barrel costs of $75 for US...
View ArticleClik here to view.
Port of Houston Says It’s Ready for Business from an Expanded Panama Canal
The Port of Houston and the Panama Canal are just about the same age. They both celebrated their 100th birthdays in 2014. And now as they pass the century mark, they’re both preparing for some big...
View ArticleClik here to view.
Operations as a Science may Benefit Offshore Exploration, Production
GE and Royal Dutch Shell are seeing a shift from ‘Operations as an Art’ to ‘Operations as a Science’ both in marine and offshore exploration and production (E&P) sectors. The terms came out of...
View ArticleTroubles for New Panama Canal
Troubles for New Panama Canal As ships got larger, The Panama Canal needed to expand to avoid becoming obsolete…but many are concerned that it might not work as planned. See More Here… The post...
View ArticleClik here to view.
Client / Attorney Relationship When Project Investigations Have to be Conducted
Preserving the confidentiality of post-incident investigations Richard A. Schwartz Vorys, Sater, Seymour and Pease LLP Imagine this scenario: Control of the well has been lost. The BOPs have not...
View ArticleClik here to view.
OPEC sees global surplus shrinking in 2017
OPEC Forecast and Global Oil Surplus Bloomberg | Fuel Fix OPEC forecast higher demand for its crude next year as the global surplus fades, while Saudi Arabia pumped near-record levels amid peak summer...
View ArticleClik here to view.
Operators keep their eyes on Offshore Mexico
Despite the market downturn, international oil companies are keeping their eyes on the possible opportunities represented by Mexico ’s evolving offshore marketplace. In early June, it was reported that...
View ArticleDeep Gulf Energy taps Technip for more ultra-deepwater Gulf of Mexico projects
PARIS – Deep Gulf Energy III LLC has awarded Technip a lump-sum contract for the development of the South Santa Cruz and Barataria fields in the ultra-deepwater Gulf of Mexico. These fields are located...
View ArticleClik here to view.
Research project seeks to deliver ultra-deepwater riser concepts
A recent research project has been working to select and bring to maturity at least one safe riser system concept that could meet the performance demand of high-motion vessels in ultra-deepwater areas...
View ArticleTexas Economist Sees Oil Industry Leveling Out
San Antonio Express-News Oct. 10 –A little more than two years since the start of the worst oil downturn in recent memory, the Texas petroleum industry may finally be looking at the bottom as prices,...
View ArticleSchlumberger partners with Canadian E&P co. to buy oil and gas assets for $1B
Schlumberger Ltd. Chairman and CEO Paal Kibsgaard. By Olivia Pulsinelli – Senior web editor, Houston Business Journal Schlumberger Ltd. (NYSE: SLB), which has one of its principal offices in...
View ArticleOperators sign up for Mexico’s round 2.4 bidding process
10/31/2017 Offshore Magazine, Offshore Staff MEXICO CITY – Twenty-five companies have asked the National Hydrocarbons Commission of Mexico (CNH) to sign up for the 4th invitation of the 2nd Round...
View ArticleOPEC secretary general speaks of market patience
By Daniel J. Graeber | Feb. 14, 2018 at 9:27 AM – UPI News It’s a long-term game, the secretary general said in his opening remarks at a conference in Riyadh. Feb. 14 (UPI) — While pointing to...
View Article