Offshore ///

Exxon won't get drilling waiver for Russia, Treasury Chief says

Exxon Mobil Corp. won’t be allowed to bypass U.S. sanctions against Russia to resume drilling for oil in a joint venture that seeks to tap billions of barrels of that country’s crude.

BP Gulf oil spill damage valued at $17.2 billion in new study

BP Plc’s 2010 Gulf of Mexico oil spill caused damage to beaches, animals, fish, and coral that the public values at $17.2 billion, according to a financial accounting released on the seventh anniversary of the disaster.

Gulf of Mexico is equally important as Permian for U.S. oil production, Rystad says

Since the early days of U.S. shale development, we have observed impressive efficiency and well productivity gains realized by E&P companies. These gains were triggered by a gradual learning process, optimization of completion techniques and well configuration, and high grading of drilling locations and equipment.

Over 6 Bcm of hydrocarbons reportedly produced from Vietnam's Moc Tinh and Hai Thach fields since 2003

A working meeting between Alexey Miller, chairman of the Gazprom management committee, and Nguyen Vu Truong Son, CEO and member of the board of directors of Vietnam Oil and Gas Group (PetroVietnam), took place in Moscow on April 19th.

Statoil receives consent for exploration drilling in Barents Sea

Statoil is the operator for production license 532 in the Barents Sea and has received consent to drill exploration well 7219/9-2 in a prospect named Kayak.

ONS reveals theme for next year's event, ONS 2018: INNOVATE

ONS has announced the main theme for next year’s event, ONS 2018. The main theme is INNOVATE.

Wind powered oil recovery concept moves closer to implementation

The DNV GL-led joint industry project for wind powered water injection (WIN WIN) has completed its first phase and determined that wind power could be used to power offshore water injection.

KLAW launches new marine breakaway coupling

The Marine2, launched by KLAW, is 32% shorter and 25% lighter than alternative marine breakaway couplings on the market and is designed to reduce stress on hoses used on offshore hose reel applications.

Wintershall Noordzee announces first oil at Ravn field in Danish North Sea

Wintershall Noordzee B.V. has commenced production from its first own-operated Danish oil field. Ravn field (Block 5/06) produces oil from a depth of approximately 4,000 m via a newly constructed production platform in the Danish North Sea, some 300 km North of the Dutch town of Den Helder.

TechnipFMC, DOF Subsea JV delivers Skandi Búzios, commences contract with Petrobras

TechnipFMC and DOF Subsea announce that the Skandi Búzios, a pipelay support vessel (PLSV) owned by the joint venture formed between TechnipFMC (50%) and DOF (50%), commenced its eight-year charter contract with Petróleo Brasileiro S.A. (Petrobras), as scheduled on April 13, 2017.

Norway's oil problem sets election stage after spending binge

Norway can’t afford an abrupt cut in spending if the economy of western Europe’s biggest oil and gas producer is to continue growing, according to the man who most polls suggest will be prime minister after elections this year.

Trelleborg provides buoyancy to new deepwater ROV

Trelleborg’s applied technologies operation has engineered and manufactured a custom syntactic foam buoyancy package for the Schmidt Ocean Institute for use on its new remotely operated vehicle (ROV), SuBastian.

Huisman celebrates 10-year anniversary of Chinese production facility

Huisman, a lifting, drilling and subsea solutions company, celebrated the 10-year anniversary of its Chinese production facility, Huisman China, on April 17.

Brunei Shell Petroleum recognized for 50 years of service with Sikorsky helicopters

Sikorsky today recognized Brunei Shell Petroleum (BSP) for 50 years of continuous service with Sikorsky helicopters. The recognition event took place at the inaugural 2017 Rotorcraft Asia show. Sikorsky is a Lockheed Martin company.

FMS, Interocean Marine Services align to form FMS Interocean

An international mooring firm has boosted its multi-million-pound inventory value after securing an additional £5million of offshore equipment, as part of an alliance deal with a global marine services company.

ABS breaks ground on new global headquarters in Houston

ABS, provider of classification and technical services to the marine and offshore industries, has broken ground on its new global headquarters.

Iran boosts gas output capacity with new projects at giant field

Iran, holder of the world’s biggest natural gas reserves, boosted output by inaugurating six projects at the giant South Pars offshore field.

CNOOC signs PSC with Husky Oil for Block 16/25 in South China Sea

CNOOC Limited has announced that its parent company, China National Offshore Oil Corporation (CNOOC), has signed production sharing contract (PSC) with Husky Oil Operations Limited for Block 16/25 in the South China Sea.

ABS research establishes firm foundation for jackup moves

ABS, provider of classification and technical services to the offshore industry, has issued the ABS Guidance Notes on Geotechnical Performance of Spudcan Foundations, encompassing the results from multiple targeted jackup research initiatives.

USGS estimates 304 Tcfg in Bossier, Haynesville formations of U.S. Gulf Coast

The Bossier and Haynesville Formations of the onshore and U.S. waters portion of the U.S. Gulf Coast contain estimated means of 4 billion bbl of oil, 304.4 Tcfg, and 1.9 billion bbl of natural gas liquids, according to updated assessments by the U.S. Geological Survey.