CNOOC Limited announced a summary of its business strategy and development plan for the year 2010. The total targeted net production of the company in 2010 is 275 million to 290 million barrels of oil equivalent (BOE) (assuming with WTI at $75/barrel)…
Keppel FELS Limited (Keppel FELS) has secured a contract from Aramco Overseas Company B.V., a subsidiary of Saudi Aramco, to build a customized KFELS Super B Class jackup rig. The contract is subject to a notice from the owner to proceed with construction by May 2010…
As part of Secretary of the Interior Ken Salazar's commitment to issue a decision on the application for the Cape Wind Energy Project, the Minerals Management Service (MMS) is accepting public comments on the historic preservation aspects of the project…
An estimated 513 billion barrels of technically recoverable heavy oil are in Venezuela’s Orinoco Oil Belt.This area contains one of the world's largest recoverable oil accumulations, and this assessment is the first to identify how much is…
Keppel FELS Limited (Keppel FELS) has delivered Ensco 8502, the third of seven Ensco 8500 Series semisubmersible (semi) drilling rigs it has been contracted to build exclusively for Ensco International (NYSE:ESV). Delivered seven days ahead of schedule…
Statoil has been awarded shares in eight exploration licenses on the Norwegian continental shelf. The company is operator on six of them. The award, which comprises 38 production licenses, is split between 25 for the North Sea, ten for the Norwegian Sea and three for the Barents Sea…
Topaz Energy and Marine, through its subsidiary Nico International Hydrospace, part of the newly established Topaz Engineering division, has completed the Vopak Horizon Fujairah Limited Phase 5 – Marine Extension Project. Topaz executed in subcontract…
Subsea 7 reports it has completed the Girassol Pipeline Repair Project for Total E&P Angola. The project was an entirely diverless pipeline repair in 1350m water depth and was based on a technical design competition issued by Total which resulted…
Otto Marine Limited announced that it has successfully found a charter for its MT6009 PSV, named Otto Explorer. The vessel will be chartered out to the Group’s subsidiary, Singapore-based Reflect Geophysical Pte Ltd, on a bare boat charter for a contract term of 7+1+1+1 years…
Apache Corporation (NYSE:APA) reported a fire aboard its East Cameron (EC) 2 processing platform, in La. state waters of the Gulf of Mexico about two miles off the coast of Cameron Parish.The three personnel on the platform, all Island Operating employees…
The U.S. Coast Guard proposes to establish a temporary safety zone around a drillship while it is anchored on location in order to drill exploratory wells at various locations over the US outer continental shelf in the Chukchi and Beaufort Seas between July 1 and October 31…
The Minerals Management Service (MMS) has approved a grant for $1,237,608 to the Plaquemines Parish Government in La. through the Coastal Impact Assistance Program (CIAP). The money will be used for the first phase of a planned wetland repair and restoration project along Fringe Marsh…
Looking back at the Cummins Hotips#84 from 1999 (www.haig-brown.com Hotips) one can see how this class of vessels has evolved over the past decade. The crew boats were already getting larger with vessels up to 183 by 35 ft being the largest built for the Gulf of Mexico at that time…
A study released by the Minerals Management Service examines the circulation in the Eastern Gulf of Mexico (GOM) and sheds new light on the behavior of the Loop Current (LC) and Loop Current Eddies (LCEs), the relation between the upper- and lower-layer currents…
Hornbeck Offshore Services, Inc. (NYSE:HOS) has introduced the HOS Centerline, a Jones Act qualified, 370-ft multi-purpose support vessel (MPSV) to its fleet. This HOS 370 design, with an 8,000+ deadweight-ton capacity represents the largest…
