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offshore

At the GE Oil & Gas  manufacturing site in North Houston on June 30, 2014, an annular blowout preventer, designed to seal the area around a drill pipe, sits atop a blowout preventer stack that also includes ram blowout preventers designed to drive blades through the pipe itself.  (Eric Kayne/For the Chronicle)

GE shows off drone footage of Houston BOP factory

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The company kicked off the campaign in Houston, at its factory near George Bush Intercontinental Airport where it manufacturers blowout preventers, the three-story tall pieces of equipment that act as the final barrier to ruptured offshore oil wells.
conocophillips offshore

ConocoPhillips to scale back deep-water exploration and Gulf of Mexico programs

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Houston-based ConocoPhillips has already trimmed its 2015-2017 capital spending program from an initial $16 billion to about $11.5 billion per year after crude oil prices fell last fall. Of that $11.5 billion, less than $1.8 billion was dedicated to exploration.
Screengrab of an infrared image captured by the National Oceanic and Atmospheric Administration of the tropical disturbance in the Gulf of Mexico, June 15, 2015. (NOAA)

Enterprise Products Partners evacuates three offshore platforms; other companies watching tropical storm closely

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Oil companies and refiners are keeping a close eye on a tropical disturbance in the Gulf of Mexico, but the storm hasn’t shut down operations or triggered evacuations of essential personnel.
The hull of Chevron's Big Foot oil platform arrived in Texas in March 2013, after a three-month journey from Korea. It is scheduled to begin production in early 2014, 225 miles south of New Orleans, floating in 5,200 feet of water. (Chevron)

Additional tethering failures add to problems plaguing Chevron’s Big Foot project

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Three more tendons sank to the ocean floor, adding to the problems that Chevron has been working for more than a week to assess. In addition, all six of the massive buoys holding the tendons in place have also sank, including the portion of one that was adrift.
Amedeo Marcotulli is the new Xodus Subsea general manager in Houston. (Xodus)

Xodus Subsea adds new Houston leadership, but slows growth plans

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Xodus Subsea launched in October as a global energy engineering firm with plans to quickly establish a North American headquarters in Houston and grow.

But then the collapse in oil prices sped up. Fast forward a few months and London-based Xodus Subsea has a new Houston leadership team in place, although the growth plans have slowed along with the overall energy market.

A Sikorsky model 76-D helicopter hovers over a runway during a demonstration of the new Sikorsky model 76-D helicopter designed for transporting offshore oil workers at West Houston Airport Friday, Jan. 23, 2015, in Houston. Sikorsky just opened a Houston office to focus on oil & gas support. 
( James Nielsen / Houston Chronicle )

Sikorsky to cut 1,400 jobs, citing falling oil production

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Spokesman Paul Jackson said the cuts are not related to a review by United Technologies of whether to sell, spin off or divest Sikorsky. A decision is expected to be announced in about a month.
Penguins gather on the coast of Murrell Farm near the northeastern corner of the Falkland Islands. The Falklands have struck oil, potentially pumping billions of dollars into their treasury. One downside is the potential for a major spill in seas where penguins, whales, seals and other marine mammals are drawn to unspoiled coasts.   (AP Photo/Michael Warren)

Premier opens new oil zone off Falkland Islands, boosting shares

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Premier struck oil at the Isobel Deep well, about 30 kilometers (19 miles) from its Sea Lion discovery, the company said Thursday in a statement. Its stock jumped the most in two weeks, while partner Rockhopper Exploration Plc gained as much as 7 percent.
The J. W. McLean offshore drill rig, operated by Transocean Ltd., stands anchored in the Cromarty Firth beyond the prow of the offshore pipelay vessel Deep Energy, operated by Technip SA, in Invergorgon, U.K., on Wednesday, Aug. 6, 2014. (Photographer: Simon Dawson/Bloomberg)

Transocean idles three more rigs amid crude slump

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Offshore driller Transocean has idled three more deep-water rigs, bringing its number of out-of-work units to 14, it said Monday, as the oil slump continued to hammer the drilling market.
(Dado Galdieri/Bloomberg)

Shell exec: U.S. risks losing drilling dollars to Brazil, Canada and Mexico

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The Obama administration’s plan for selling offshore oil and gas leases from 2017 to 2022 could jeopardize the United States’ competitiveness as Brazil, Canada, Mexico and other countries aggressively compete for drilling dollars, a Shell executive told Congress.
frame full of pink slips, layoff notices, etc.

Oil collapse claims 343 more Texas jobs

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Two more companies have told state regulators of plans for layoffs in Texas as the global crude collapse continues to batter the oil and gas industry.