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Dec 2014

Dec 2014

  • 12,000 workers to join UK’s offshore industry over next five years, report says

    LONDON -- The oil and gas industry, which supports one in 80 jobs across the UK, will provide careers for some 12,000 new entrants over the next five years according to a new report. The report, produced by professional services firm EY, was commissioned by offshore trade association Oil & Gas UK, sector skills organization OPITO and the Department for Business, Innovation & Skills.

    Industry Overview, Offshore, Europe Read More

Dec 2014

  • 2H Offshore appoints Madhu Hariharan as director of London office

    LONDON -- 2H Offshore, an Acteon company, has appointed Madhu Hariharan as an additional director in its London office. Hariharan’s riser engineering experience further strengthens the senior management team in the UK and will help develop 2H Offshore’s growing client base in Europe and the Middle East.

    Industry Overview, Offshore, Europe Read More

Oct 2014

  • 3D Oil begins gas hunt in offshore Otway basin

    3D Oil begins gas hunt in offshore Otway basin MELBOURNE, Australia Polarcus Asima has recieved a contract from 3D Oil to acquire the Flanagan 3D seismic survey in its T 49P Permit in the Otway basin, offshore eastern Australia. The

    Exploration, Offshore, Australia Read More

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

  • 2014 seismic acquisition complete, NPD says

    STAVANGER, Norway -- The Norwegian Petroleum Directorate has had a successful seismic season, which wound up Aug. 19. About 5,600 km of 2D seismic has been acquired in the northern Barents Sea since July 18.

    Exploration, Offshore, Europe Read More

Aug 2014

Aug 2014

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

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