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Houston Exploration

Interest in Offshore Exploration in Greenland Growing

Several of the world's largest oil companies hope to tap into possible offshore oil and gas reserves as Greenland opened a new round of concessions for exploration licenses in the fragile Arctic region. Eyes of an oil-thirsty world have turned to the shores of the semiautonomous Danish territory amid rising fuel prices, Mideast instability and concerns over future supplies. The Greenland government hopes to make big gains from any reserves found in its icy waters, but environmentalists say oil exploration there could damage a sensitive region already under threat by global warming. The names of companies attending the meeting and what conditions the Greenland government would put forth for exploration in the Disko Bay- the area being opened for the current round of concessions- remained undisclosed. Oil exploration off west Greenland started in the 1970s but stopped after five failed drilling attempts. Activities resumed in 2001 off Nuuk, the Greenland capital. Canadian company EnCana last year became the first company to win a license for offshore oil and gas exploration off Nuuk.In 2008, Calgary, Alberta-based EnCana is expected to start drilling in areas believed to have reserves ranging from 400 million to 1.2 billion barrels of oil. (Source: Houston Chronicle)


OTC Announces New Board Members

The Offshore Technology Conference (OTC) board of directors elected the 2004-2005 chairman and vice-chairman during this year’s event that took place 5-8 May at Reliant Center at Reliant Park in Houston. Members of the OTC Board are appointed to four-year terms by their respective society or organization. The OTC Board includes 13 representatives, 11 from OTC’s sponsoring organizations and two from OTC’s endorsing organizations


MMS Names Mineral Revenues Stewardship Award Winners

Timely payment of royalties and accurate reporting have earned four energy companies the Mineral Revenues Stewardship Award, the Department of the Interior’s Minerals Management Service (MMS) announced today. The oil and gas industry places a high value on the award. “We are recognizing these companies for their exceptional performance in production reporting and timely payment of royalties to the Federal Government,” MMS Director Johnnie Burton said


BP Disaster Strands Billions of Barrels of Crude

According to a May 13 report from Bloomberg, a regulatory crackdown on offshore oil drilling after the fatal rig explosion in the Gulf of Mexico will delay development of U.S. deposits with billions of barrels of crude and may spawn industry job cuts. BP Plc, ConocoPhillips, Petroleo Brasileiro SA, Cobalt International Energy Inc. and Plains Exploration & Production Co. are among explorers with projects on hold in the Gulf or coastal California after the April 20 explosion prompted federal


Technip Wins Important GofM Subsea Contract

Technip awarded Murphy Exploration & Production Co. contract for development of Dalmatian Field in Gulf of Mexico. The lump-sum contract is for work at a water depth ranging from 530 to 1,800 meters on a field  jointly owned by Murphy and Ecopetrol America Inc., comprised of the De Soto Canyon Blocks 4, 47, 48 and 91. The project consists of a subsea tie-back to an existing Gulf of Mexico platform. The contract covers: project management, engineering


Merger Talks Feed Energy Sector Deal Speculation

Employees work in a lab at the Halliburton Co. facility in Houston.

  Talks that could lead to oilfield services provider Halliburton Co buying rival Baker Hughes Inc may herald increased deal-making in the energy business as companies bet on a protracted drop in oil prices, industry bankers said. Competing service companies including National Oilwell Varco Inc and Weatherford International may also be targets, bankers and lawyers said. In any deal, the incentives will be the same: consolidation would allow them to better weather the downturn and


Galveston’s Simulator Provides Training Opportunities

Marine industry operations will grow and develop with highly trained workers as a result of the expansion and upgrade of the Full Mission Ship Simulator operated by the Texas Maritime Academy. The improvements were made possible by a $250,000 grant to Texas A&M University at Galveston by Houston Endowment Inc., a philanthropy endowed by Mr. and Mrs. Jesse H. Jones. Mike Kemp, vice president and CEO of the campus, said this funding will significantly assist the university in complying with


Finalists Named for DOI’s 2006 Safety Awards for Excellence (SAFE)

Fifteen offshore energy companies have been named national finalists for the Department of the Interior’s 2006 Safety Awards for Excellence (SAFE) competition. Sponsored by the Minerals Management Service (MMS), the SAFE awards are presented annually to Outer Continental Shelf (OCS) oil and gas operators and contractors who achieve excellence in safety and pollution prevention. Established in 1983, the SAFE Awards recognize and honor companies making concerted efforts to train and motivate


BP Shares Deepwater Well-capping Expertise

Under the Technology License Agreement, BP will make available technical information that PEMEX E&P can use. Petroleos Mexicanos Exploration and Production (PEMEX E&P) and BP's agreement is for the latter to share the technical information it used to build its own global deepwater well-capping equipment. Under the Technology License Agreement, BP will make available technical information that PEMEX E&P, one of four subsidiaries of PEMEX, can use


UK Chancellor Mentions Hi-Tech Tax Breaks on Bibby Offshore Visit

Osborne (L) & Woodcock: Photo courtesy of Bibby Offshore

Bibby Offshore, subsea services provider to the oil & gas industry, says it has hosted a visit by George Osborne, Chancellor of the Exchequer, to the Company’s workshop, storage and maintenance facility in Aberdeenshire, Scotland. The Chancellor was given a tour of Bibby Offshore’s new 50,000 sqft state-of-the-art Westhill facility, The Hangar. His visit follows the Company’s recent investment into its facilities; including the installation of a 16 tonne Gantry Crane


ISS Bags Tanzania's Paragon project

Paragon Offshore’s jack-up rig M826 in position.

  Inchcape Shipping Services (ISS) has been appointed by Paragon Offshore, Houston, as marine and logistic services provider for a new drilling campaign off the Songo Songo Islands, Tanzania – the first new commercial drilling project in Tanzania in a number of years.


Ecopetrol, JX Nippon Team Up to Explore Brazil Offshore

BLOQUE BRASIL FZAM320

  Ecopetrol reports it has established an Alliance with Japan’s JX Nippon Oil & Gas Exploration through its affiliate in Brazil, Ecopetrol Óleo e Gás to explore the FZA-M-320 block, located in shallow waters of the Foz Amazonas basin on the equatorial margin of the


Oil Plunge Deepens High-yield Gloom

US crude fell to a more than six-year low this week, clouding the picture for a high-yield energy sector that already faces a significant cull when credit lines are reevaluated in autumn.   Lower-quality names, especially in exploration and production, are already struggling to stay afloat


MN 100: Bordelon Marine

Sheila Bordelon.jpg

The Company: Founded in 1979, Bordelon Marine is a leading provider of Marine Transportation services operating in the Gulf of Mexico and around the world. The company owns and operates a fleet of modern offshore supply vessels ranging in size and type from DP1 Mini-supply Vessels to MPSV 260 DP2


Côte D’Ivoire Invests in O&G Safety Training

Thegrowth in oil and gas activity in Côte D’Ivoire has seen investment in standardized safety training in the region far outstrip that of other hydrocarbon-rich West African countries, according to international learning technologies company Atlas Knowledge.


Oregon Bridge Danglers Hope to Delay Shell's Arctic Drilling

Protestors rappelled off a bridge in Portland, Oregon on Wednesday hoping to delay Royal Dutch Shell's Arctic oil exploration this summer by blocking the return of a ship to Alaska that holds emergency equipment.   Greenpeace said 13 protestors lowered themselves from the St


Sembcorp Marine Posts 17% Fall in Q2

Image: SembCorp Marine

 Low oil prices and muted sentiment in the industry continued to take a toll on Sembcorp Marine's second-quarter earnings.   The rigbuilder has announced that net profit for the three months ended June 30 sank 17 per cent to to $79.58 million (SGD 109 million), compared to $96


WGMA Urges Participation in Menhaden Survey

Photo courtesy Department of Marine Sciences

  The West Gulf Maritime Association (WGMA) is urging its members with ships arriving at any port in the western US Gulf to participate in the Menhaden survey. The annual Menhaden spawn (typically April through October) has created challenges for ships transiting local waterways


BG Awards Fugro MBES, Seabed Coring Contract

Photo: Fugro

Fugro has been awarded a contract by BG International Limited Sucursal Honduras to conduct an integrated multibeam echosounder (MBES) survey and seabed coring campaign over its offshore acreage (block) in the Honduran Caribbean. As part of BG’s exploration licence commitments


Marad Visits TX Maritime Technology & Training Center

The San Jacinto College Maritime Technology and Training Center will open in January 2016 to become one of the regions only campuses built specifically for mariner training and as a home to the states first maritime transportation associate degree program. All San Jacinto College maritime training is currently operating out of a facility in Pasadena, Texas. Photo credit: Jeannie Peng-Armao

United States Maritime Administration tours Maritime Technology and Training Center site.   Administrators from the United States Maritime Administration (MARAD), along with staff from United States Senators John Cornyn and Ted Cruz, recently visited the construction site of the Maritime


Russia Submits Vast Arctic Territory Claims to UN

Map by  National Snow and Ice Data Center

 Russia has submitted its bid for vast territories in the Arctic to the United Nations, AP reported as the Foreign Ministry saying.   The ministry said in a statement that Russia is claiming 1.2 million square kilometres (over 463


JV for 3D seismic in Arctic

Photo: CGG

 Paris-listed seismic giant CGG and Russia's largest shipowner, SCF Group (Sovcomflot), have formally registered a joint-venture company focused on coldwater  surveys, reports Interfax.  The joint venture, to be called Arctic Geophysical Exploration (AGE)


'Frack now, pay later,' - Top Companies Amid Oil Crash

Schlumberger NV

  Business is so tough for oilfield giants Schlumberger NV and Halliburton Co that they have come up with a new sales pitch for crude producers halting work in the worst downturn in years. It amounts to this: "frack now and pay later."


US Gives Shell Final Nod to Drill for Oil in Arctic

Fennica (Photo: Arctia Shipping)

The Obama administration on Monday granted Royal Dutch Shell the final permit to drill for oil and gas in the Arctic for the first time since 2012, a move environmentalists vowed to fight.   The Interior Department gave Shell the final permit to drill into the oil zone in the Chukchi Sea


Ampelmann Wins Gangway Contract in GoM

Photo: Ampelmann

Ampelmann informs it has been awarded a contract by Boa Marine Services Inc. (BMSI) to provide a gangway solution for the ExxonMobil-operated Julia project in the Gulf of Mexico. Ampelmann’s work scope comprises transferring day- and nightshifts of personnel and 24 hours emergency evacuation






 
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