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…
Topaz Marine recently confirmed the acquisition of the Multipurpose Support Vessel (MPSV) Ocean Commander in . The vessel has been renamed Topaz Commander and joins Topaz Marines’ fleet of around 100 vessels. Built in 1999 in Myklebust as a 84 m UT 745 Platform Supply Vessel (PSV)…
Regardless of today’s economic and financial reality, wealth creation and oil prosperity go hand in hand. While the medium to long term prospects are good, it is a major challenge for the offshore and maritime communities to secure the financing…
The Interagency Alternative Technology Assessment Program workgroup, newly established by the National Incident Commander for the BP Deepwater Horizon oil spill, announced a new effort to collect and review oil spill response solutions from scientists and vendors…
According to a June 1 report from the AFP, the U.S. Coast Guard said the government lacks key equipment it needs to battle the growing oil spill in the Gulf of Mexico and is seeking international help. Coast Guard official Thad Allen, who is in charge of the government's efforts…
Statoil ASA (OSE: STL, NYSE: STO) has agreed to sell 40% of the Peregrino field offshore Brazil to Sinochem Group. Statoil maintains 60% ownership and the operatorship of the field which is set to start production in early 2011. “The transaction confirms the high quality of the Peregrino asset…
According to a May 22 report from Reuters, U.S. President Barack Obama said that offshore oil drilling could only go forward if there were assurances that a disaster like the massive Gulf of Mexico oil spill would not happen again. Obama officially unveiled a commission to investigate the accident…
According to a May 22 report from the California Chronicle, Santa Barbara City Councilmember Das Williams called for an immediate moratorium on all offshore oil leasing, as well as the reopening of a Minerals and Management Service (MMS) field office in Santa Barbara County…
Turbine Transfers Ltd will increase its fleet to 20 vessels by the end of 2011. With the fast growing development of major offshore wind farms in Britain, Belgium, Holland, Germany and Denmark, Captain Mark Meade of Anglesey UK-based Holyhead Towing…
According to a May 19 report from The New York Times, a proposal to drill for oil in the Arctic Ocean as early as this summer received initial permits from the Minerals Management Service office in Alaska at the same time federal auditors were…
Hallin Marine has commissioned a new, $110m, groundbreaking semi-submersible, subsea operations vessel to be named the CSS Derwent. “The CSS (compact semi submersible) delivers big ship capability in a low cost package,” said John Giddens…
