Offshore
Optimism Abounds for M&A in the Gulf of Mexico
A comeback is expected for M&A activity in the U.S. Gulf of Mexico. The combination of substantial inventory on the block, potential proof-of-concept developments on the horizon and continued focus by many players in the region on divesting of non-core properties, may set the stage for heightened deal flow in the region, assuming commodity prices continue to cooperate.
Future of US Offshore Sector
One of the early lessons of the new year that revealed itself in the first few weeks of January is there is a renewed bullishness in the offshore oil and natural gas potential for the Gulf of Mexico.
UK Oil and Gas Authority Releases Data on Over 3,000 Pipelines
Earlier this week, the UK Oil and Gas National Data Repository (NDR) was launched with over 130 terabytes of data covering thousands of pipelines, offshore wellbores, and seismic surveys going back more than 50 years. This is believed to be one of the largest ever single open releases of data in the industry.
Global News
Finland, Estonia and Latvia Sign Deal for Single Gas Tariff Zone Gas transmission operators of Finland, Latvia and Estonia signed an agreement on to set up a single gas transmission tariff zone for the three countries from the start of 2020. The agreement fulfills a goal ..
NACE International Roundtable: Corrosion Management for Pipeline Integrity
To explain the value of corrosion management systems (CMS), how they work, and what programs and platforms are available to help organizations improve corrosion control programs, three experts in oil and gas pipeline corrosion management share their knowledge and experience with CMS. They are Michael Ames, Chapman Engineering; Gerry Koch, DNV GL; and David Kroon, Aegion Corporation.
McDermott to Construct Offshore Pipelines, Infrastructure for Pan Malaysia Field
McDermott International today announced contracts from Sarawak Shell Berhad (SSB) and Sapura Exploration and Production (SEP), to provide transportation and installation pipelines, offshore structures and pre-commissioning work for the Pan Malaysia field development offshore Malaysia.
Subsea Bayesian Networks – Integrity and Risk Assessments
If high levels of safety and environmental protection in the subsea oil and gas sector are to be maintained, then understanding the risks involved is more important than ever. But it has never been more difficult necessary to optimize IMR activities than it is now.
2019 Global Pipeline Construction Outlook
The upstream sector started the new year on a cautious note following a sharp decline in oil and gas prices, but the midstream sector roared into 2019 on a wave of pipeline construction activity. The latest Pipeline & Gas Journal survey indicates 145,353 miles of pipelines were planned or under construction worldwide at the start of the year.
Norwegian Driller's Subsea Robotics Include Pipe-Handling Systems
A family of robots is undertaking subsea tasks of automated drilling. Its primary piece of equipment is a “drill floor” heavy-duty, six-axis robot with a load capacity of 1,500 kg.
Unconventional Well Demands and EOR Drive Innovation in Subsea Sealing Technology
As the subsea industry continues to evolve to help meet the demands of oilfield operators, there is now an even greater requirement for ground-breaking sealing technology.
2018 Midyear International Update: Pipeline Construction & Market Trends
Global energy trends and forecasts entering the second half of 2018 continue to support a generally bullish outlook for oil and gas production and infrastructure construction to meet growing demand and evolving patterns of interregional trade.
Premier Sanctions North Sea Gas Development, Export Pipeline
Premier Oil said it reached a final decision with its joint venture and infrastructure partners to invest in the development of the Tolmount gas field in Britain's North Sea, including construction of a minimal facilities platform exporting gas to shore via a new gas pipeline.
Allseas Touches Down with Sonardyne Dual-GyroUSBL’s on Lorelay Stinger
Offshore pipeline installation and subsea construction company Allseas is taking advantage of the operational benefits available from Sonardyne International’s GyroUSBL acoustic positioning technology, following an order for two systems for its 236-meterlay vessel, Lorelay.
Nord Stream 2 Prep Work Along German Coast Begins
Preparatory work for the section of the Nord Stream 2 pipeline off Germany's Baltic coast has commenced, the consortium behind the project said.
Robots, Drones Help Protect Offshore Pipelines
Oil and gas companies are using robots and drones to inspect offshore pipeline infrastructure in the Gulf of Mexico.
Gazprom Completes Sea Stretch of First TurkStream Line
Gazprom has finished the sea portion of TurkStream's first line across the Black Sea. The second line, designed to ship gas to south European countries such as Greece, Bulgaria and Italy, will be laid in the third quarter of 2018.
McDermott to Perform Diving for Offshore Pipeline Projects
McDermott International will start performing air and saturation diving next month for pipeline construction projects offshore South Africa and Trinidad and Tobago.
The Offshore Technology Conference Celebrates 50 Years
In 2018, the Offshore Technology Conference (OTC) is celebrating 50 years since its first conference at NRG Park (formerly Reliant Park) in Houston.
Offshore Oil Is Poised For Significant Growth
The offshore oil and gas industry is now more prepared to deliver projects and profits at lower costs and simpler designs.
Diving Deep in the Gulf of Mexico
Drillers are diving deep to increase oil and gas production in the Gulf of Mexico.
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..
- Keystone Oil Pipeline Resumes Operations After Temporary Shutdown
- Freeport LNG Plant Runs Near Zero Consumption for Fifth Day
- Biden Administration Buys Oil for Emergency Reserve Above Target Price
- Mexico Seizes Air Liquide's Hydrogen Plant at Pemex Refinery
- Enbridge to Invest $500 Million in Pipeline Assets, Including Expansion of 850-Mile Gray Oak Pipeline
