BP reported its financial results for the first quarter of 2014. Underlying replacement cost profit for the quarter was $3.2 billion, compared with $2.8 billion for the previous quarter and $4.2 billion for the first quarter of 2013. Operating cash flow in the quarter was $8.2 billion. The company a
The Energy Department announced $10 million to test prototypes designed to generate clean, renewable electricity from ocean waves and help diversify America’s energy portfolio. The Energy Department supported demonstrations at the U.S. Navy’s wave energy test site off Hawaii’s island of Oahu will he
NOAA ships, small boats, and hydrographic services contractors have their sailing orders to survey more than 2,000 square nautical miles in U.S. coastal waters this year, collecting data that will strengthen the foundation of the nation’s environmental intelligence. The NOAA Office of Coast Survey w
AWE Limited reported that the Pateke-4H development well was at a measured depth of 4,700m and drilling ahead on a horizontal trajectory through the Kapuni F10 sandstone reservoir with an 8 1/2 inch drilling assembly. The reservoir was intersected at 4,023m and operations have drilled 677m horizonta
Stone Energy Corporation announced success on the deep water Cardona South well at Mississippi Canyon 29. Stone operates and owns a 65% working interest in the well. The Cardona South well (MC 29 #5 well) encountered over 275 feet of net oil pay in three separate sections of the well. The Cardona So
DNV GL has updated the Worldwide Offshore Accident Databank (WOAD), the world’s leading repository of offshore accident information. The latest update to WOAD adds over 300 new accident records bringing the dataset up to the Hercules 265 blowout on 23rd July 2013. With records of 6451 accidents occu
Tap Oil Limited announces that it has executed a borrowing base debt facility with BNP Paribas (BNP) for up to US$90 million. The BNP facility will replace the US$50 million Manora field development facility and the A$20 million corporate facility executed with Commonwealth Bank of Australia, as ann
The Bureau of Safety and Environmental Enforcement (BSEE) participated in a day-long Government Initiated Unannounced Exercise involving Occidental Petroleum Corporation (OXY). The table top exercise, held in Huntington Beach, Calif., tested OXY’s ability to respond to a simulated spill event in acc
The U.S. National Oceanic and Atmospheric Administration’s (NOAA) ships, small boats, and hydrographic services contractors have their sailing orders to survey more than 2,000 square nautical miles in U.S. coastal waters this year, collecting data that will strengthen the foundation of the nation’s
Jee Ltd, an independent multi-discipline subsea engineering and training firm, has been awarded a contract in support of a $14 million seven-year development. The contract, with a major offshore pipelay and subsea construction company, is as a result of recent oil field operations in Canada. Jee wil
The Oceanscience Group have been appointed as an authorized HYPACK® OEM partner, to further strengthen the available options for the popular Z-Boat® 1800 remotely-operated hydrographic survey boat. Oceanscience can now supply their top specification single beam and side-scan equipped Z-Boats, largel
GE Oil & Gas, Mexico’s state-owned oil and gas company Petróleos Mexicanos (PEMEX), and the Mexico Institute of Petroleum (IMP), have signed a technology collaboration agreement focused on the oil and gas sector, with the sponsorship of Mexico state-owned oil and gas company Petroleos Mexicanos. The
The U.S. Department of the Interior (DOI), through its office of Bureau of Safety and Environmental Enforcement (BSEE), is seeking a contractor who will carry out Wind Energy Inspection Procedure Assessment. The DOI intends to competitively award a Firm-Fixed-Price (FFP) type of contract to one of p
The U.S. Department of the Interior (DOI), through its office of Bureau of Safety and Environmental Enforcement (BSEE), is seeking a contractor who will carry out Wind Energy Inspection Procedure Assessment. The DOI intends to competitively award a Firm-Fixed-Price (FFP) type of contract to one of p
