Trump Said to Advance Seismic Surveys for Oil in Atlantic

By Jennifer A. Dlouhy (Bloomberg) -- The Trump administration is taking a major step toward allowing a first-in-a-generation seismic search for oil and gas under Atlantic waters, despite protests that the geological tests involve loud air gun blasts that will harm whales, dolphins and other animals. The National Marine Fisheries Service is set to issue “incidental harassment … [Read more...]

Chevron Announces Start of Production at Big Foot Project in U.S. Gulf of Mexico

Oil major Chevron (NYSE:CVX) has announced the start of crude oil and natural gas production from the Chevron-operated Big Foot deepwater project in the U.S. Gulf of Mexico. The field is located approximately 225 miles (360 km) south of New Orleans, La., in a water depth of approximately 5,200 feet (1,584 m.). The Big Foot field was discovered in 2006 and is estimated to … [Read more...]

Semi-Submersible Saipem 7000 Arrives at Damen Verolme Rotterdam for Major DP3 Upgrade

The Saipem 7000, one of the world's largest semi-submersible crane and pipe-laying vessels, has arrived at Damen Verolme Rotterdam for a major upgrade of its dynamic positioning system to meet the new closed ring DP3 configuration and ABS EHS-P notation. Under DP3 EHS-P notation, the vessel will have an exceptional level of redundancy with 4 independent grouped … [Read more...]

Nigeria Heads to Deep Water in Search of Future for Oil Producers

By Elisha Bala-Gbogbo (Bloomberg) -- When it comes to the future of its oil industry, Nigeria is looking miles out to sea. By early next year, the largest offshore production vessel ever delivered to Nigeria will start pumping crude from a deposit deep beneath the seabed, boosting the West African country’s oil output by about 10 percent. The project, viewed as the … [Read more...]