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TOPICS: DEEPWATER

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Oct 2014

Sep 2014

  • ‘Worst case’ BP ruling on Macondo means billions more in fines

    NEW ORLEANS (Bloomberg) -- BP Plc faces billions more in potential penalties after a judge found it acted with gross negligence in the 2010 Gulf of Mexico oil spill, dealing a blow to the company’s efforts to expand its drilling program as costs rise and production slips. In a turning point after four years of legal wrangling over responsibility, U.S. District Judge Carl Barbier’s ruling laid the bulk of the blame on BP for the explosion, which killed 11 men and caused the largest offshore oil spill in U.S. history. Acting with gross negligence means BP will be exposed to as much as $18 billion in additional government fines and penalties. The London-based company has spent more than $28 billion on the accident so far.

    Industry Overview, Offshore, Deepwater, North America Read More

Aug 2014

  • ABS to class second-generation ultra-deepwater offloading unit

    HOUSTON -- ABS has been selected to class the Remora HiLoad dynamic positioning (DP) BR loading unit, a second generation of the HiLoad DP system that connects to and keeps conventional tankers in position during crude oil offloading from floating production installations. Traditional offloading methods using a mooring buoy solution can be expensive in ultra-deepwater fields such as those in Brazil's Santos basin. Addressing the need for a cost-effective and flexible offloading solution in remote regions and harsh environments, Norway-based Remora AS developed the HiLoad technology over 14 years to provide a direct offloading method that can deliver cost savings while exporting crude oil from ultra-deepwater areas.

    Production, Offshore, Deepwater, South America Read More

Jul 2014

  • 21 million acres up for grabs in U.S. GOM lease sale

    WASHINGTON, D.C. -- Bureau of Ocean Energy Management (BOEM) Acting Director Walter Cruickshank has announced that the bureau will offer more than 21 million acres offshore Texas for oil and gas exploration and development in a lease sale that will include all available unleased areas in the Western Gulf of Mexico Planning Area.

    Exploration, Industry Overview, Offshore, Deepwater, North America Read More

Apr 2014

  • Aker Solutions, Baker Hughes form subsea production alliance

    OSLO and HOUSTON -- Aker Solutions ASA and Baker Hughes Incorporated have agreed to form an alliance to develop technology for production solutions that will boost output, increase recovery rates and reduce costs for subsea fields.

    Production, Industry Overview, Offshore, Deepwater, Europe, North America Read More

Apr 2014

Oct 2013

  • Title

    Deck     

    Drilling and Completions, Offshore, Deepwater, Onshore, North America Read More

Jul 2013

Jun 2013

  • 2H Offshore awarded detailed design project with ExxonMobil

    HOUSTON -- 2H Offshore, an Acteon company, has been contracted by ExxonMobil to conduct the detailed design of two 10-in production steel catenary risers for ExxonMobil’s Julia Phase 1 development. The Julia development will be a subsea tieback to a moored semi-submersible in approximately 7,000 ft of water.

    Industry Overview, Offshore, Deepwater, North America Read More

May 2013


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