The latest communique out of Norway to indicate the return of 鈥済ood times鈥 offshore also warns that post-2014 short-termism may have contributed to conditions requiring, ironically, more haste to keep production from plummeting by 2025.Noting 2018鈥檚 higher exploration well count (53 vs鈥
The outlook for the Gulf of Mexico for 2019 continues to improve.Earlier this week, BP made public plans to expand its Atlantis field, reported new discoveries near its Na Kika platform, and credited a breakthrough in seismic imaging with identifying鈥
London-listed Ophir Energy has suffered a major setback on its offshore investment plan in Equatorial Guinea after the country's Ministry of Mines and Hydriocarbons (MMH) declined the company's request to extend Block R licence that expired on December 31鈥
The U.S. Department of the Interior鈥檚 Bureau of Safety and Environmental Enforcement (BSEE) defines a high-pressure/high-temperature (HP/HT) environment as any reservoir that requires completion equipment or well control equipment with an assigned pressure rating greater than 15鈥
Subsea intervention is going to be big in 2019, just not where you were expecting. David Carr, Senior Vice President - International Development at Helix Energy Solutions Group, gives his forecast for 2019.Around this time of year, the papers are full of forecasts鈥
Despite stalled negotiations between the White House and Congress over funding for a border wall, forcing a shutdown of the government that started December 22, 2018, certain services remain active, if scaled-back, including some serving the oil and gas industry鈥
Brazil鈥檚 oil and gas sector related businesses traded about R$22 billion (about US$5.6 billion) in the last two years. This figure from the National Agency for Petroleum, Natural Gas and Biofuels (ANP) was presented during a ceremony on the balance of advances in the sector鈥
Nigeria-focused listed oil and gas development and production company Sirius Petroleum has put off for the third time the planned spud of a second gas well in the Ororo oil field located in the prolific Niger Delta to an indefinite date after a contracted jack-up rig became unavailable鈥
U.S. crude inventory has leveled off after declining three weeks in a row. The latest weekly survey by the U.S. Energy Information Administration (EIA) indicates U.S. crude inventory as of December 21 was the same as seven days earlier.The past鈥
Eight competitive lease sales for offshore wind acreage have generated almost half a billion in revenue for the U.S. federal treasury. A dozen official leases have been awarded, with three more to be awarded following anti-competitive review鈥
Despite the lingering volatility of global commodity prices, Africa's offshore oil and gas industry has continued to expand, albeit not as fast, opening up more market opportunities for floating production storage and offloading (FPSO) vessel manufacturers and suppliers鈥
As the year comes to a close it is interesting to examine some of the latest developments in the offshore and maritime markets in Brazil. Data from National Union of Marine and 云顶赌场老虎机 Construction and Repair Industry (SINAVAL) shows a number鈥
While the offshore industry has focused on cutting costs, Weatherford 鈥 known primarily as a land-based completions company 鈥 has invested heavily in building an offshore completions line.Mark Hopmann, Weatherford鈥檚 Completions president, says鈥
Performance of Senegal鈥檚 offshore oil and gas market appears to be gaining momentum as the West African country moves to shed the tag of being an uncertain prospectivity to join the region鈥檚 league of oil and gas producers as more international鈥
U.S. crude inventory declined again last week. The latest weekly survey by the U.S. Energy Information Administration (EIA) indicates an inventory fall of 0.5 million barrels in the week ended December 14. While only a small drop, it is the third decline in a row鈥
