Dismantling the Oil Industry: Rough North Sea Waters Test New Ideas

By Shadia Nasralla LONDON, Nov 27 (Reuters) - Scottish marine salvage group Ardent is adapting the tanks it used to refloat the Costa Concordia, the cruise ship wrecked off the Italian coast in 2012, to decommission North Sea oil platforms. It is one of several companies trying new ideas to win business in the market for dismantling disused oil platforms. In … [Read more...]

BP Sees First Clair Ridge Oil Helping to Double North Sea Output

By Kelly Gilblom (Bloomberg) -- BP Plc has seen first oil from its giant Clair Ridge development in the North Sea, helping arrest decades of decline in a region where drillers have already produced most easy-to-reach resources. The project increases output from the broader Clair field, which started producing oil in 2005. Clair is by far the biggest oil field in … [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...]

Dropping Anchors in the Gulf of Mexico: 60 Days of Letting Her Go and Pulling Her Up

By Michael Carr - Each of American Salvor’s four 6,000 lb. anchors were attached to its own huge winch by hundreds of feet of 1.5-inch diameter wire cable. Each drum was powered by a large noisy diesel engine equipped with pneumatic controls. Paying out anchor wire and pulling wire in was noisy and dangerous. With all four winches running the decibels were … [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...]