Offshore

Oil Company Finds Another Problem in Alaska Marine Pipelines

ANCHORAGE, Alaska (AP) — A petroleum company under investigation for leaks in two underwater pipelines in Alaska’s Cook Inlet confirmed Friday it has an issue with a third. Hilcorp Alaska LLC shut down a natural gas pipeline last weekend when volumes of natural gas moved from a production platform ..

Deloitte: North Sea Pipeline Deals to Rise this Year

The North Sea will see a rise in infrastructure deals this year, with private equity funds playing an increasing role in midstream assets, according to business advisory firm Deloitte. Against the backdrop of a low oil price, more oil and gas companies are looking to rationalize their portfolios an..

Entek to Sell Off Entire Gulf of Mexico Portfolio

Australian Entek Energy Limited has entered into an agreement with Houston-based Peregrine Oil & Gas to sell the company’s entire Gulf of Mexico portfolio for almost $3 million as market conditions continue to take their toll. Entek will be divesting its 38-percent interest in the GA A133 block and..

McDermott Wins Contract in Gulf

McDermott International, Inc. was awarded a subsea umbilical and flowline installation contract by Anadarko in support of its Phase II development of the Caesar/Tonga field in the Gulf of Mexico. Caesar/Tonga Phase II will be developed as a subsea tieback to the Anadarko-operated Constitution spar ..

Is This The Next Offshore Sweet Spot For Big Oil?

France’s Total SA is searching for an “elephant” oil field off the coast of Uruguay. Uruguay does not have much of an offshore oil industry. But the Pelotas Basin, where Total is focusing, is starting to garner more interest. It borders Brazil and there is speculation that both countries have large..

Oil Production in Federal GOM Expected to Hit Record High in '17

U.S. Gulf of Mexico (GOM) crude oil production is estimated to increase to record-high levels in 2017, even asprices remain low. The Energy Information Administration (EIA) projects GOM production will average 1.63 MMbpd in 2016 and 1.79 MMbpd in 2017, reaching 1.91 MMbpd in December 2017. GOM prod..