Category: Offshore

Saudi gas reserves up as Aramco taps new shale deposits

Saudi Arabia’s natural gas reserves rose last year as it explored for the fuel in the Red Sea and tapped shale gas to free more crude oil for export, according to the kingdom’s state-run oil company.  More »

Offshore industry prepares for hurricane season

With hurricane season just days away, forecasters are predicting a more mild summer, but offshore producers are preparing nonetheless.  More »

Norway oil-strikes risk mounts as more workers break off talks

Oil-service workers in Norway followed offshore-platform workers in breaking off wage talks with employers, raising the prospect of another strike in the oil and gas industry two years after a walkout hit output.  More »

Exxon’s Norway oil fields risk shutdown by strike over pensions

The Safe union will order as many as 154 offshore-platform workers to walk out if the talks fail, paralyzing production at the Ringhorne, Jotun and Balder fields, the group’s leader Hilde-Marit Rysst said by phone.  More »

Human errors account for 80% of offshore accidents, exec says

Safety must be the backbone of any offshore company’s corporate culture because four of every five major offshore accidents are caused by human errors rather than mechanical or structural failures, an Anadarko Petroleum executive said Monday.  More »

One offshore accident can spoil goodwill for entire industry, regulator says

The offshore oil and gas industry only has to look back four years to see why investing in safety isn’t a frivolous expenditure, it’s hard-nose business, the nation’s top offshore regulator said Monday.  More »

Oil companies warm to Canada’s chilly waters

Eastern Canadian provinces are promoting their cold offshore waters as a hot opportunity for finding new offshore oil plays.  More »

Offshore regulators to keep eye on bad actors

Marine and drilling regulators vowed Thursday to keep a closer watch on oil companies and contractors they say are consistently cutting corners on safety offshore.  More »

Time may be coming for subsea well replacements

Several thousand subsea wells may need to be replaced in the coming years, an oilfield servicer said Thursday at the Offshore Technology Conference.  More »

Dual-gradient drilling could revolutionize offshore industry, execs say

A new twist on offshore drilling will revolutionize the way oil companies think about well designs in ultra deep-water reservoirs and is pushing the limits on how deep they can reach into the earth, energy executives said Thursday.  More »

Commentary: Developing deep water requires a lot of collaboration

John Gremp, CEO of FMC Technologies, explains that because many new discoveries involve complex geologies and harsh environments, operators and suppliers need to work collaboratively to develop the resources.  More »

Model of largest construction vessel draws awe at OTC

Though various models of the ship have been coming to the Offshore Technology Conference for about 15 years, the Pieter Schelte never fails to draw a crowd.  More »
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