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  1. Mitsui buys 20% stake in Shell’s offshore oil fields in Gulf

    Offshore staff TOKYO – Japan’s Mitsui & Co . has agreed to buy a 20% stake in four blocks in the US Gulf of Mexico from Royal Dutch Shell Plc for an undisclosed amount, according to a Reuters report. The move follows Mitsui’s other investment decisions earlier this year, including co-development of the Greater Enfield oil reserves off Western Australia and an $8-billion expansion of the Tangguh liquefied natural gas project in Indonesia , which is being led by BP. In this latest deal, Mitsui Oil Exploration Co. will buy the 20% stake in four blocks in the Mississippi Canyon, located about 100 km (62 mi) south-southeast of New Orleans, from a Shell subsidiary. The recoverable resources of all the blocks are estimated to be more than 100 MMboe.  Production of crude oil and gas would use the existing near field infrastructure, which could help early commercialization at lower development costs, the company said. Production could start as early as 2019, a Mitsui spokesman said. 12/05/2016 

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    Online Articles

    Mon, 5 Dec 2016

  2. Marsol builds offshore support presence in UAE

    Offshore oil terminal services provider Marsol International has opened a new office, Marsol International Abu Dhabi.

    Online Articles

    Online Articles

    Tue, 6 Dec 2016

  3. BHP, CNOOC, European majors among winners for Mexican deepwater blocks

    The final phase of Mexico’s first oil and gas bid round featured the awarding of eight of 10 deepwater blocks in the Gulf of Mexico to a variety of global operators. But a busy Dec. 5 began with Petroleos Mexicanos SA’s first farmout to the private sector since the country began energy reform in ...

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    Mon, 5 Dec 2016

  4. Oil and Gas: Mexico awards first deep-water oil agreement

    Mexico's state-owned oil company Pemex said Monday that it has awarded its first contract with a private firm for a joint operating agreement in deep-water oil drilling.

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    Wed, 7 Dec 2016

  1. IHS: Decommissioning of aging offshore oil and gas facilities Increasing, annual spending rising to $13B by 2040

    Online Articles

    Online Articles

    Tue, 29 Nov 2016

  2. Oil and Gas: Drill, baby, drill? Election reignites offshore -oil debate

    The controversy over drilling for oil in the Atlantic Ocean has been reignited by the election of Donald Trump, and environmentalists and coastal businesses say it could be the first major fault line that divides them from the new president.

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    Thu, 24 Nov 2016

  3. Rystad: OPEC cuts; shale positioned to grow, offshore remains victim

    Whilst shale has proven to be resilient with only marginal reduction in produced volumes, only 1.3 billon bbl of new offshore oil volumes are sanctioned in 2016, compared to a yearly average around 10 billion bbl in the period 2010-2013,” Espen

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    Thu, 1 Dec 2016

  4. UK operators reducing offshore discharges, emissions

    Discharges to sea and emissions to the air by the UK’s oil and gas industry have fallen steadily over the past 15 years, according to Oil & Gas UK’s Environment Report 2016.

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    Thu, 1 Dec 2016

  5. IOOC overhauls Noruz, Ilam wells in the Persian Gulf

    Iranian Offshore Oil Co. has installed an electric submersible pump in the 31-NR well at the Noruz field in the northwestern Persian Gulf.

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    Wed, 30 Nov 2016

  6. Orion forms manpower venture with CNOOC

    The Orion Group claims to have become the first manpower company to sign a joint venture agreement with China National Offshore Oil Corp.

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    Online Articles

    Thu, 1 Dec 2016

  7. Onshore/offshore oil & gas applications fire protection

    FP 400Y TORRENT Deluge Fire Protection Control Valves highlight this free four-page brochure to effectively serve numerous high hazard offshore and onshore facilities.

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    Article

    Wed, 23 Nov 2016

  8. Industry responds to final five-year OCS leasing program

    US Secretary of the Interior Sally Jewell and Bureau of Ocean Energy Management Director Abigail Hopper have released the proposed final 2017-2022 outer continental shelf oil and gas leasing program.

    Online Articles

    Online Articles

    Fri, 18 Nov 2016

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