Oil & Gas

5,000,000 barrels of oil spewed into the Gulf of Mexico over 86 days 7,000,000 litres of chemical dispersant pumped into the spill area to dissipate the resultant morass 11 men who lost their lives in the April 20th explosion 6,000,000 dollars expended by BP per day to try and contain the oil gusher 3,790,000,000 dollars … Continue reading →

The Inexorable Rise Of FPSO

With oil prices careening about the $100 per barrel mark, global demand for floating production, storage and offloading (FPSO) units is expected to double in the coming years until the end of the decade. Consistently high crude prices, coupled with rapidly depleting shallow water and onshore reserves, are forcing exploration and production companies to forage … Continue reading →

How Will BP’s Macondo Lawsuits Change The Relationship Between Operators And Service Companies?

On the first anniversary of the blow out at the Macondo well – which led to the death of 11 workers and leaked 4.9 million barrels of oil into the Gulf of Mexico – BP launched no fewer than three lawsuits against its contractors. From Transocean, the company which owned the Deepwater Horizon rig, BP … Continue reading →