Search results for: Deepwater Pontus

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  • 12 August 2016

    Following the new Massachusetts energy legislation, which calls for 1,600MW of offshore wind capacity by 2027, entering into law, Deepwater Wind has appointed Matthew Morrissey, the managing director of Offshore Wind: Massachusetts, to head its operations in the state.  According to South Coast Today, the Marine Commerce Terminal in New Bedford, Massachusetts, could host the development of Deepwater Wind’s Deepwater ONE project, which would be […]

  • 1 December 2015
    Exploration & Production

    Anadarko, an independent oil and gas company based in Texas, will pay $159 million for its involvement in the Deepwater Horizon oil spill that happened in April, 2010, in the U.S. Gulf of Mexico. This was revealed in a ruling by the U.S. District Court for the Eastern District of Louisiana on Monday. While the […]

  • 9 October 2015
    Business & Finance

    The recent announcement by the U.S. Department of Justice of a proposed USD 20.8 billion out-of-court settlement with BP to resolve charges related to the 2010 Deepwater Horizon oil spill allows the corporation to write off USD 15.3 billion of the total payment as an ordinary cost of doing business tax deduction, according to the U.S. Public Research Interest […]

  • 21 July 2016

    The Long Island Power Authority (LIPA) has postponed the meeting on Deepwater Wind’s 90MW Deepwater ONE – South Fork project, after receiving a request by its partner agency NYSERDA (New York State Energy and Research Development Authority) to do so. At the meeting, which was scheduled for 20 July, LIPA was expected to approve the 90MW wind […]

  • 21 July 2016

    The Long Island Power Authority (LIPA) has postponed the meeting on Deepwater Wind’s 90MW Deepwater ONE – South Fork project, after receiving a request by its partner agency NYSERDA (New York State Energy and Research Development Authority) to do so. At the meeting, which was scheduled for 20 July, LIPA was expected to approve the 90MW wind […]

  • 11 August 2017
    Business & Finance, Exploration & Production

    Offshore drilling contractor Transocean has reportedly found work for one of its semi-submersible drilling rigs. According to VesselsValue, an undisclosed charterer has hired Transocean’s 2000-built semi-sub Deepwater Nautilus on August 8. The drilling rig has been taken on a four-month deal which will start on November 1 and end on February 28, 2018. The semi-sub […]

  • 30 March 2017

    Deepwater oil and gas industry, generally considered an expensive investment, has managed to cut its costs to a certain level, allowing its most attractive deepwater projects to now compete with US tight oil plays, Wood Mackenzie said. However, more cuts are needed to drive the deepwater breakevens further down. The consultancy group has said that a leaner […]

  • 7 March 2014
    Business & Finance

    DeepWater Buoyancy, Inc. has re-launched the reliable, time-tested oceanography/marine measurements line of syntactic foam ADCP buoys, StableMoor(TM) floats and trawl resistant bottom mounts (TRBMs) formerly manufactured by Flotation Technologies (Flotec). DeepWater Buoyancy opened their doors on January 1, 2014 after securing the designs and manufacturing rights to the Flotation Technologies line of oceanographic products. This […]

  • 9 October 2015
    Business & Finance

    The recent announcement by the U.S. Department of Justice of a proposed USD 20.8 billion out-of-court settlement with BP to resolve charges related to the 2010 Deepwater Horizon oil spill allows the corporation to write off USD 15.3 billion of the total payment as an ordinary cost of doing business tax deduction, according to the U.S. Public Research Interest […]

  • 20 February 2015
    Business & Finance

    The New Orleans District Judge Carl Barbier has ruled against BP’s appeal to lower the USD 13.7 billion maximum civil fine the company might pay for its involvement in the 2010 Deepwater Horizon oil spill in the Gulf of Mexico, according to Reuters. Back in September, Judge Barbieri found BP guilty of gross negligence and willful […]

  • 16 January 2018

    UK oil major BP will take a $1.7 billion post-tax non-operating charge in its fourth quarter 2017 results as the Deepwater Horizon claims facility approaches closure. 

  • 9 May 2017

    Transocean, world’s largest offshore drilling contractor, has closed a private offering $410 million in senior secured notes with an annual rate of 5.52% and maturing in 2022. The Transaction was closed by Transocean Conqueror Limited, a Transocean subsidiary, and the owner of the Deepwater Conqueror drillship delivered in 2016.The Notes, guaranteed by the indirect subsidiary that […]

  • 19 June 2017

    As Mexico opens its energy market to more private investment, the country’s drive to exploit untapped deepwater oil riches has raised safety concerns due to mounting accidents that have blotted the country’s safety record.

  • 22 August 2014
    Business & Finance

    Transocean, one of the world largest offshore drilling contractors, has announced its two new deepwater drillships have begun drilling operations.

  • 20 March 2012
    Business & Finance

    Transocean, one of the largest drilling contractors in the world recently announced that its drillship, Deepwater Expedition, was awarded a two-year contract with an undisclosed customer commencing December 2012. The initial dayrate of the contract is $650,000 ($475 million contract backlog). Additionally, the contract includes three priced eight-month option periods. Specifications The Deepwater Expedition is […]

  • 6 December 2016

    Mexico has awarded eight out of ten offered contracts for exploration and production of hydrocarbons in the deeepwater offshore Mexico as part of its first bidding round.  Sixteen international companies, grouped in ten bidders, participated in Mexico’s bidding round held on Monday. The country offered ten blocks in total located in the Perdido area and the Salina […]

  • 16 February 2016
    Business & Finance

    Helix Energy Solutions Group, an international offshore energy services company, has sold its 50% interest in Deepwater Gateway, L.L.C. to a subsidiary of Genesis Energy for a cash purchase price of $25 million. Anthony Tripodo, Executive Vice President and Chief Financial Officer of Helix, stated, “The sale of the Deepwater Gateway interest is in line […]

  • 11 February 2011

    Nailsea near Bristol in the UK is the venue today for the opening of a new state of the art hyperbaric testing chamber aimed at the deepwater energy market.

  • 16 February 2016
    Business & Finance, Operations & Maintenance

    Offshore services player, Helix Energy Solutions has sold its 50% stake in Deepwater Gateway (owner of the Marco Polo platform in the Gulf of Mexico) to a subsidiary of Genesis Energy. The purchase price is $25 million in cash, the Houston-based well intervention and robotics specialist said on Monday. According to Anthony Tripodo, Executive Vice President […]

  • 28 June 2010

    Libya will allow BP to begin drilling in its offshore deepwater region next month, despite the extensive Gulf of Mexico oil spill, the head of Libya’s National Oil Co. said Sunday. Shokri Ghanem, who serves as Libya’s de facto oil minister, said the April explosion of the Deepwater Horizon rig, and the subsequent spill, were […]

  • 11 December 2012
    Business & Finance, Research & Development

    GBI Research, a leading business intelligence provider, has released its latest research, “Deepwater Activity Statistics – New Discoveries Worldwide Driving Deepwater E&P Activity and Demand for Semisubmersibles and Drillships”. The study, which is an offering from the company’s Energy Research Group, provides an in-depth coverage of deepwater activity statistics worldwide and also highlights the various […]

  • 11 June 2010

    Britain will continue plans to open up new deepwater oil drilling operations off Shetland, despite the unfolding disaster caused by the BP disaster in the Gulf of Mexico, a UK energy minister has confirmed.