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Category: Deepwater

OPEC secretary general speaks of market patience

Posted February 14, 2018 by Silvia Zurita in Business, Business Valuation, Construction, Deepwater, Downstream, Energy, Engineering, Financial, FPSO, Maritime, Midstream, Natural Gas, Offshore, Oil, Onshore, Petrochemical, Pipeline, Suppliers, Transportation, Upstream, Valuation

By Daniel J. Graeber  |  Feb. 14, 2018 at 9:27 AM - UPI News It's a long-term game, the secretary general said in his opening remarks at a conference in Riyadh. Feb. 14 (UPI) -- While pointing to emerging optimism in the energy markets, OPEC's secretary general said Wednesday that any focus on stability... Read More »

Schlumberger partners with Canadian E&P co. to buy oil and gas assets for $1B

Posted October 19, 2017 by Silvia Zurita in Business, Business Valuation, Commercial, Construction, Construction News, Deepwater, Downstream, Energy, Engineering, Financial, Maritime, Midstream, Natural Gas, Offshore, Oil, Onshore, Petrochemical, Pipeline, Upstream, Valuation

Schlumberger Ltd. Chairman and CEO Paal Kibsgaard.   By Olivia Pulsinelli – Senior web editor, Houston Business Journal   Schlumberger Ltd. (NYSE: SLB), which has one of its principal offices in Houston, and Torxen Energy will buy assets in Alberta, Canada, from Cenovus Energy Inc. (NYSE: CVE) for about $1... Read More »

Texas Economist Sees Oil Industry Leveling Out

Posted October 12, 2016 by Silvia Zurita in Alternative Energy, Business, Business Valuation, Deepwater, Downstream, Energy, Engineering, Financial, FPSO, Infrastructure, Maritime, Midstream, Natural Gas, Offshore, Oil, Onshore, Petrochemical, Pipeline, Upstream, Valuation

San Antonio Express-News   Oct. 10 --A little more than two years since the start of the worst oil downturn in recent memory, the Texas petroleum industry may finally be looking at the bottom as prices, rig counts and even employment show gains. "We're just looking at these little milestones.... Read More »

Research project seeks to deliver ultra-deepwater riser concepts

Posted April 1, 2016 by Silvia Zurita in Business, Business Valuation, Commercial, Construction, Construction News, Deepwater, Energy, Engineering, FPSO, Maritime, Offshore, Oil, Onshore, Upstream

A recent research project has been working to select and bring to maturity at least one safe riser system concept that could meet the performance demand of high-motion vessels in ultra-deepwater areas (10,000-ft depths). Stress Engineering Services, Inc., has been undertaking this work, under the auspices of the Research Partnership... Read More »

Deep Gulf Energy taps Technip for more ultra-deepwater Gulf of Mexico projects

Posted February 15, 2016 by Silvia Zurita in Business, Business Valuation, Commercial, Construction, Deepwater, Energy, Engineering, FPSO, Maritime, Midstream, Offshore, Oil, Pipeline, Upstream

PARIS – Deep Gulf Energy III LLC has awarded Technip a lump-sum contract for the development of the South Santa Cruz and Barataria fields in the ultra-deepwater Gulf of Mexico. These fields are located in Mississippi Canyon acreage, offshore New Orleans, in approximately 2,000 m (6,651 ft) of water. The... Read More »

Despite oil prices, BP starts new oil production

Posted December 30, 2014 by Silvia Zurita in Big Lenders, Business, Construction, Deepwater, Energy, Engineering, Financial, Offshore, Oil, Upstream

With some oil prices dipping below $54 a barrel on Dec. 30, BP PLC (NYSE: BP) announced it has nonetheless started new oil production in the North Sea. BP, which has its North American headquarters in Houston, is cutting jobs and restructuring but still adding new oil production. The first... Read More »

Europe: Weaning itself off Russian energy

Posted May 30, 2014 by Silvia Zurita in Business, Construction, Deepwater, Downstream, Energy, Engineering, FPSO, Midstream, Natural Gas, Nuclear, Offshore, Oil, Onshore, Petrochemical, Pipeline, Shale, Suppliers, Upstream

  Washington, DC - The G7 recently met in Rome to discuss the challenges of energy security following Russia's invasion of the Crimean peninsula, and reaffirmed its commitment to pursuing collective energy security. "Energy should not be used as a means of political coercion nor as a threat to security,"... Read More »

EnergySense Weekly Oil And Gas Follies

Posted July 26, 2013 by Silvia Zurita in Big Lenders, Business, Business Valuation, Commercial, Construction, Construction News, Deepwater, Downstream, Energy, Engineering, Midstream, Natural Gas, Offshore, Oil, Onshore, Petrochemical, Pipeline, Shale, Solar Energy, Suppliers, Upstream

EnergySense Weekly Oil and Gas Follies – Volume 4, July 26, 2013 In which we briefly chronicle the week’s silliness, foibles, fake news and real news related to the oil and natural gas industry. Sierra Club hates this:  Natural Gas Trucks Improve Air Quality in Sugar Land – Solid waste... Read More »

Old Technology Fuels New Energy Boom

Posted May 13, 2013 by Silvia Zurita in Big Lenders, Business, Deepwater, Energy, Engineering, Natural Gas, Offshore, Oil, Suppliers, Upstream

With U.S. oil imports hitting a 17-year low, the mainstream media has awoken to the fact that, as I pointed out three years ago, peak oil is not happening anytime soon.  Charles Mann’s excellent cover story in this month’s Atlantic, “What If We Never Run Out of Oil?” focuses on an obscure, though... Read More »