Houston: “A step change can be achieved with respect to prevention and mitigation of major accidents through a performance based safety regime supported by a risk management approach. Empirically, the risk can be reduced by a factor of ten,” says Elisabeth Tørstad…
According to a Sept. 1 report from Reuters, a federal judge rejected the U.S. government's request to dismiss an industry lawsuit challenging its deepwater oil and gas drilling moratorium, dealing another blow to the Obama administration. Hornbeck Offshore Services Inc…
On September 2, President of the National Ocean Industries Association (NOIA) Randall Luthi issued the following statement on the accident on the Vermillion Platform 380:“Any accident in the offshore energy industry is certainly worthy of attention…
According to a report from the Associated Press, a mile-long oil sheen spread September 2 from an offshore petroleum platform burning in the Gulf of Mexico off Lousiana, west of the site of BP's massive spill. Coast Guard told media the sheen…
Congressman Elijah E. Cummings (MD-07), a senior member of the House Committee on Oversight and Government Reform, sent a request to Congressman Dennis Kucinich (D-OH) on August 30, requesting that, in his role as Chairman of the Subcommittee on Domestic Policy…
The Deepwater Horizon joint investigation concluded the fourth day of the fourth session of hearings August 26 into the circumstances surrounding the explosion, fire, pollution and sinking of the Mobile Offshore Drilling Unit Deepwater Horizon…
The Gulf Coast Claims Facility (GCCF), administered by Kenneth R. Feinberg, is now accepting claims from individuals and businesses for costs and damages incurred as a result of the oil discharges due to the Deepwater Horizon incident on April 20…
Scientists funded by the National Science Foundation (NSF) and affiliated with the Woods Hole Oceanographic Institution (WHOI) have detected a plume of hydrocarbons at least 22 miles long and more than 3,000 ft below the surface of the Gulf of Mexico…
Deepwater Horizon Joint Investigation Co-Chairs J. David Dykes (Bureau of Ocean Energy Management, Regulation and Enforcement) and Captain Hung Nguyen (U.S. Coast Guard) announced that U.S. District Judge (Ret.) Wayne R. Andersen and U.S. Coast Guard Capt…
While ten letters in all, “moratorium” might as well be the foulest four-letter word in the Gulf of Mexico oil patch right now.On May 27, the Obama Administration ordered a halt to drilling in water depths more than 500 feet, effectively cancelling…
Introduction & market overview Over the next few years, Douglas-Westwood forecasts a strong increase in FPS expenditure, driven by a surge in installations. Findings from the latest edition of our World Floating Production Market…
Today four oil majors – Chevron, ConocoPhillips, ExxonMobil and Shell – announced a plan to build and deploy a rapid response system that will be available to capture and contain oil in the event of a potential future underwater well blowout in the deepwater Gulf of Mexico…
Secretary of the Interior Ken Salazar directed the Bureau of Ocean Energy Management, Regulation and Enforcement (BOEM) to issue new suspensions of deepwater drilling – set to last until at least November 30, 2010 -- on the Outer Continental Shelf (OCS)…
According to the International Energy Agency’s July 2010 Oil Market Report, global oil demand through 2011 is projected to rise 1.6% or 1.3 mb/dyear‐on‐year to 87.8 mb/d, driven entirely by non-OECD country consumption, as OECD countries continue to see a gradual decline…
Saipem has been awarded new offshore contracts worth over 1 billion euro. The contracts refer to activities to be carried out between 2010 and 2012 in the main offshore areas where Saipem is present, in particular in the Caspian Sea, both in the Kazakh and Azeri sectors…
