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According to the latest edition of the “World Offshore Drilling Spend Forecast 2009-2013,” recently published by Douglas- Westwood and Energyfiles, $278 billion was spent between 2004 and 2008 on offshore drilling. The report forecasts lower spending ...
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S. M. (Steve) Cassiani, president, ExxonMobil Upstream Research Co., elected to retire on May 31, after more than 40 years of service, the company said. It was anticipated that the board of directors would elect S. M. (Steve) Greenlee as president, effect...
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Halliburton Co. announced the early retirement of Cris Gaut, a former chief financial officer of the oilfield services company who had been tipped as a possible chief executive officer. Tim Probert will return to the company’s drilling and evaluation di...
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Current Deepwater Activity Operator Area Block OCS Lease Rig Name Prospect Name Depth Devon Energy Prod. Co. LP WR 206 G16965 DIAMOND OCEAN ENDEAVOR Cascade 8,142 ...
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Changing landscape of global E&P industry Last week marked a significant point in the current petroleum industry downturn. The more than $100 a barrel oil price decline, coupled with a 70% plus drop in U.S. natural gas prices during the second half of la...
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InPlace Medical Solutions recently completed the first 1,000 hours of pioneering telemedicine healthcare services for Scorpion Offshore Inc.’s ultra-premium jackup rig, Offshore Courageous. The ongoing pilot project makes Scorpion Offshore the first dri...
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China turns down stake in U.S. GulfChina National Petroleum Corp. has spurned a chance to secure a first foothold in the U.S. oil sector following an approach by Chevron Corp. to buy a stake in a Gulf of Mexico oil field, a CNPC official said, according t...
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China turns down stake in U.S. GulfChina National Petroleum Corp. has spurned a chance to secure a first foothold in the U.S. oil sector following an approach by Chevron Corp. to buy a stake in a Gulf of Mexico oil field, a CNPC official said, according t...
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Arthur D. Little’s recent global survey of 363 senior company executives, while encouraging in some respects, generated a particularly disturbing response related to the state of the world’s troubled economy and where it might very well be headed. The...
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