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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


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


Scientists Produce Data from Largest Single Volcano

Project carried out by Schmidt Ocean Institute

  Tamu Massif is a volcano the size of New Mexico and lurks 6,500 feet beneath the surface of the Pacific Ocean. During their 36 day expedition, the science team undertook a survey of immense proportions mapping an area nearly one million square kilometers in size. Not only were they able to gather new high-resolution acoustic imagery of this little known volcano, but they also collected 1.7 million magnetic measurements to better understand how such a large volcano was formed


Tug and Barge Disabled near Galveston

Photo: USCG

Emergency responders are working to keep a disabled tug and barge from running aground off of Texas.   U.S. Coast Guard response and incident management teams are coordinating with G & H Towing and T & T Marine Salvage to prevent a disabled tug and barge from running aground on


Curtis Joins The Shearer Group

Kyle Curtis (Photo: TSGI)

 Naval architect Kyle Curtis has joined naval architecture, marine engineering and marine surveying firm The Shearer Group, Inc. (TSGI).   Prior to joining TSGI, Curtis worked for Versabar in Houston as a marine engineer and a structural engineer. He received a B.S


Port Houston Box Volumes Continue to Rise

Photo: Port Houston

“Port Houston handled close to 10 million tons of total tonnage, reflecting an increase of eleven percent over 2016,” Port Houston Executive Director Roger Guenther announced during the April meeting of the Port Commission of the Port of Houston Authority.


New Bunker Supplier Eyes Houston/Galveston Market

File photo: Port of Houston Authority

GCC Bunkers said it seeks to establish itself as a leader in developing compliance solutions for the IMO global sulfur cap in 2020 and is operated by principals Mark VandeVoorde and John Mafrige. Longer term, GCC is actively evaluating several processing or manufacturing opportunities for post


EU Lawmakers Reject Call for Ban on Arctic Oil Exploration

© ggw / Adobe stock

The European Parliament rejected a call to ban Arctic oil and gas exploration on Thursday, in a symbolic vote seen as a barometer for future moves by Brussels to regulate to protect the region. Lawmakers who back the ban, which had drawn the ire of Norway


GE Shipping Buys New Vessel

Photo: The Great Eastern Shipping Co. Ltd

 The Great Eastern Shipping Company Limited (G E Shipping) signed a contract to buy a Supramax Dry Bulk Carrier of about 52,450 dwt.    The 2006 built vessel is expected to join the Company’s fleet in Q1 FY18.  


Roxtec Services Expands in North America

Global safety seal provider Roxtec said it has launched its second specialized service company offering inspections and maintenance of cable and pipe transits. The new Roxtec Services US LLC is a subsidiary of Roxtec Services AB. It is based in Houston, Texas


Statoil Wins Licences Off UK, 'Resets' Exploration Off U.S.

Norway's Statoil was the second top bidder for 13 oil exploration leases in the U.S. Gulf of Mexico and won six licences offshore Britain, it said on Thursday, in a sign it may be looking to boost reserves after slashing costs. "The importance of oil companies' ability to replenish


Gazprom to Cement LNG Ties with Kuwait

Lena River gas carrier. Photo: Gazprom

 Russia-based energy company Gazprom has negotiated about supplies of liquefied natural gas (LNG)  to Kuwait, reports Tass.   The talks continue in "a rather progressive mood,"during the the Energy Minister Alexander Novak’s visit to the Middle East country


Offshore Supply Vessel Market to Grow 6% by 2021

Photo: BOURBON

The global offshore supply vessel market is forecasted to grow at a CAGR of 6.03 percent during 2016 – 2021, according to Azoth Analytics research report.   The growth in offshore supply vessels is expectect to be driven by rise in demand for oil and gas globally


BP Oil Well Spills Out of Control in Alaska

Photo: BP

 The oil giant British Petroleum (BP) oil and gas well on Alaska’s Northern Slope that blew out on Friday continues to spill crude oil and gas uncontrollably.     There have been no injuries or reports of damage to wildlife


ABS Breaks Ground on New Houston HQ

Photo: ABS

ABS has broken ground on its new global headquarters. Anchoring the CityPlace 2 development, the new headquarters will be located near the intersection of I-45 and the Grand Parkway in the Houston area.    “This is an important milestone in our 155-year-young history and


DP Training: Expanded Choices & Evolving Methods

Photo: Kongsberg Maritime

Perhaps one the most obscure skill sets in today’s rapidly emerging workboat landscape is also arguably its most important. Kongsberg today remains at the cutting edge of DP training and credentialing efforts.    Not lost in last month’s Offshore Service Vessel Dynamic


Statoil Downplays Risks Ahead of Arctic Drilling

File photo: Ole Jørgen Bratland / Statoil

Norway's Statoil on Monday played down concerns that drilling in the Arctic is risky, days before it kickstarts its drilling campaign in the Barents Sea, where the country believes around half of its remaining resources could be located.  


Total Expects Decision on First Libra FPSO by Summer

A decision on the first floating, production, storage and offloading (FPSO) vessels on the giant Libra project in Brazil will be made by the summer, Total's head of exploration and production said on Thursday. "We are actively working actively on Libra to have the first FPSO decided before






 
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