J. Ray McDermott S.A., a McDermott International subsidiary, completes  the Front Runner Spar hull project in the Gulf of Mexico. (McDermott)

Houston engineering company cuts 1,700 jobs amid first quarter loss

For the first quarter of 2015, McDermott posted a loss of $14.5 million, or 6 cents a share, including $10.4 million in restructuring charges, which compared to a larger $46.5 million loss, or 20 cents a share, for the same quarter in 2014.
With the Olympic Mountains in the background, the Polar Pioneer drilling rig arrives in Port Angeles, Wash., aboard a heavy-lift transport ship in April. Shell Oil Co. hopes to use the rig for exploratory drilling during the summer open-water season in the Chukchi Sea off Alaska's northwest coast, if it can get the permits. (Daniella Beccaria/seattlepi.com via AP, File)

Obama administration gives thumbs up to Shell’s Arctic drilling plans

Shell moved one step closer to resuming its $6 billion quest for crude in the Arctic on Monday, with the Obama administration’s approval of its broad plan for exploratory oil drilling in the Chukchi Sea north of Alaska.
Jack Moore,  CEO of Cameron International, announced that he will resign his position in Fall 2015. (Cameron)

Cameron International announces CEO succession plan

Cameron Chairman and CEO Jack Moore, who has led the company for more than seven years, plans to retire on Oct. 5 but still remain in the chairman position.
In this photo take Friday, April 17, 2015, a group of kayakers rafted together work to pull up a protest sign as they practice for an upcoming demonstration against Arctic oil drilling, in Elliott Bay in Seattle. (AP Photo/Elaine Thompson)

Firm to appeal decision on Port of Seattle permit

Foss Maritime plans to appeal Seattle’s position that Royal Dutch Shell can’t use the Port of Seattle’s Terminal 5 under the existing permit.
With the Olympic Mountains in the background, the Polar Pioneer drilling unit  arrives in Port Angeles, Wash., aboard a heavy-lift transport ship. Shell hopes to use the rig for exploratory drilling in the Chukchi Sea off Alaska's northwest coast. (Daniella Beccaria/seattlepi.com via AP)

Judge orders Greenpeace to stay away from drill ships

U.S. District Court Judge Sharon Gleason on Friday also prohibited Greenpeace from flying unmanned vehicles over the offshore Arctic area where Shell plans to drill.
Frans Johansson speaks during the d5 Conference here today, Friday May 8, 2015 on the campus of the University of Houston. The d5 conference is held in conjunction with the OTC meeting which has over 90,000 attendees from around the world to see the latest technology in the energy industry. (Courtesy OTC/Todd Buchanan)

OTC’s smaller d5 lineup looks for a big change

D5’s focus is on ideas, said event host Helge Haldorsen, a Statoil and industry group executive, and d5 looked for some of the biggest ones outside of the oil and gas industry.
Categories: Offshore, OTC, People
Brian Salerno, director of the federal Bureau of Safety and Environmental Enforcement   at the Offshore Technology Conference at the NRG Center Thursday, May 7, 2015.  Gary Coronado / Houston Chronicle )

OTC: Offshore drilling regulators want industry input on ‘next steps’ for safety management programs

The Bureau of Safety and Environmental Enforcement will hold a workshop on the issue on July 29 in Houston aimed at getting ideas for how to strengthen the safety and environmental management systems required of companies operating offshore.
Oceaneering International displays its remotely operated underwater vehicle at the Offshore Technology Conference in Houston on Monday. Oceaneering's ROVs took part in repairing damage at a blown-out well during the Deepwater Horizon oil spill five years ago.

OTC: Robots and automation offshore create new safety and cyber risks

Increasing computerization and automation offshore open up the possibility of dangerous disruptions, driven by errant software updates and plugged-in flash drives. One incident has already taken place.

OTC: Feds could soon take a closer look at who is, and who isn’t, fit to operate offshore

The nation’s offshore drilling overseers are considering adopting a page out of Norway and Brazil’s playbooks — with a potential analysis of oil and gas firms’ “fitness to operate” on coastal waters.
Jeremy Thigpen

Transocean beats estimates on cost cutting

Jeremy Thigpen takes the helm as the drilling industry confronts the double whammy of a glut of new deep-water rigs and falling demand as producers reduce spending because of the collapse in oil prices.
Categories: Offshore