Dril-Quip, a U.S. based company that designs, manufactures and sells drilling and production equipment today announced net income of $28.8 million, for the quarter ended March 31, 2012, compared to net income of $21.7 million for the first quarter of 2011. Total revenues were $177.1 million during the first quarter, 2012 compared to $137.7 million [...]
Nexen Inc. today reported that drilling operations are complete on the Kakuna sub-salt exploration well on Green Canyon block 504 located approximately 180 miles southwest of New Orleans in deepwater Gulf of Mexico. The well did not encounter commercial hydrocarbons, and is now in the process of being plugged and abandoned. Kakuna was drilled to [...]
Apache Corporation reported record worldwide production in the first-quarter of 2012 as the company benefitted from higher prices for oil and natural gas liquids and its balanced approach helped it weather the continuing deterioration of North American natural gas prices. Daily production increased 7 percent over the same period the prior year, adjusted for dispositions. [...]
Superior Energy Services of Houston, Texas, took delivery of one of the most advanced maritime training simulators ever developed, in April 2012. The next-generation simulator from Kongsberg Maritime will be used to provide integrated, real-time training for Superior’s offshore marine personnel at its new facility in Anchorage, Alaska. Under the terms of the contract, signed [...]
May 3, 2012 | Posted in
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With the offshore production industry seeking to increase the efficiency and availability of its deepwater equipment, GE has introduced a new blowout preventer (BOP) stack with an interchangeable lower marine rise package (LMRP) and lower stack frames. Traditionally, the lower marine rise package and lower stack have been fabricated as a custom-fit pair for a [...]
Two Incat Crowther 55m Catamaran Crew Boats, to be named SEACOR Lynx and SEACOR Leopard, are under construction at Gulf Craft LLC in Louisiana, USA. The vessels’ operator, SEACOR Marine, is a progressive company that pioneered the use of fast catamarans in the offshore industry with the commissioning of SEACOR Cheetah in January 2008, and [...]
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Alan Duncan, Managing Director of InterMoor UK, an Acteon company, presented findings from a recent Inter-M® Pulse field trial in the North Sea during a media event at the Offshore Technology Conference 2012 in Houston, Texas. Developed by InterMoor, in conjunction with sister company, Pulse Structural Monitoring, the Inter-M Pulse is a long term mooring [...]
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Proserv, a global leader in energy production technology services, has unveiled a next generation subsea cutting tool that provides complete well severance and significantly reduces in-well operational time by up to 50%. Proserv’s enhanced Multi-String Cutting (MSC) tool, which was launched today at the Offshore Technology Conference in Houston, is a customisable internal multi-string conductor [...]
Dow Oil & Gas yesterday announced the launch of the NEPTUNE™ Advanced Subsea Flow Assurance Insulation System, a breakthrough technology specifically engineered to withstand the increasingly harsh conditions associated with subsea oil production. The system is now commercially available for subsea architecture applications through Dow’s global qualified coater network, with line pipe and field joint [...]
The three Norwegian offshore innovators Jon Hermstad (Kvaerner), Tor Inge Tjelta (Statoil) and Tom Guttormsen (Statoil) were on 1 May honoured for their groundbreaking achievements in finding technical solutions for securing structures to the seabed in conjunction with the development of the deep water fields in the North Sea. In 1985 they performed a full [...]
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