AUGUST 21, 2018 — Shell’s Appomattox project in the deep waters of the U.S. Gulf of Mexico reached another milestone this month with the recent delivery of the Appomattox semi-submersible Floating Production System
MAY 9, 2018 — The downturn in the price of oil over the past few years forced oil and gas producers to rethink their approach to deepwater offshore oil and gas development.
JANUARY 26, 2018 —Rising oil prices have increased interest in secondhand for jack-up rigs, pushing asset values up 36 percent from a year ago, according to data compiled by VesselsValue. VV’s Fixed
SEPTEMBER 22, 2016 — A.P. Møller-Mærsk A/S is to reorganize the Maersk Group’s businesses into two divisions: an integrated Transport & Logistics division and an Energy division. The main growth focus going
NOVEMBER 18, 2015—Are you ready for an oil rebound? Barclays Corporate Banking is predicting that next year the demand for oil will triple and crude oil will hit $60 per barrel. Barclays
AUGUST 11, 2015—Amid the challenging oil market conditions, offshore support vessel owner Tidewater Inc., New Orleans, LA, reported a first quarter net loss for the period ended June 30, 2015, of $15.1
DECEMBER 3, 2014—The first oil and gas production from the Jack/St. Malo project in the Lower Tertiary trend in the deepwater U.S. Gulf of Mexico—with a water depth of some 7,000 feet—has
MARCH 27, 2014—Alberta, Canada has some of the world’s largest proven reserves of oil—about 170 billion barrels. Almost all of those reserves are locked away in oil sands (more commonly referred as
AUGUST 8, 2013—Brazil’s Petrobras has confirmed an oil discovery in a well 303 km offshore of the state of São Paulo in water depths of 2,158 meters. The deepwater discovery was at
MAY 25, 2012—This summer, the Marine Well Containment Company (MWCC), Houston, TX, will conduct a live drill to deploy its new capping stack well control equipment in the Gulf of Mexico as
