LLOG Experiencing Tremendous Growth, CEO Says

Mb50's "Liquid Mud" Rant

LLOG Exploration today provided an update on the status of Deepwater drilling contracts, production at the Who Dat field, development activities at the Marmalard discovery, and its recent Powerball discovery.

On April 2, a three-year contract, with an option for an additional year at mutually-agreeable rates, between LLOG Bluewater Holdings, LLC (the joint venture partnership between LLOG and Blackstone) and Sevan Drilling was announced for the Sevan Louisiana ultra-deepwater drilling rig that is currently under construction in China. The rig will be capable of drilling in water depths up to 10,000 feet, and is scheduled for delivery in Q4 2013.

On April 16, LLOG Bluewater Holdings and Seadrill announced a three-year contract, with an option for a fourth year at mutually-agreeable rates, for the new-build, ultra-deepwater drillship West Neptune. The West Neptune is being built in South Korea and is scheduled for delivery in Q2 2014. The rig will…

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Anadarko Orders Spar Hull from Technip for Heidelberg Field (USA)

Mb50's "Liquid Mud" Rant

Technip received instructions from Anadarko Petroleum Corporation to begin the engineering, construction and transport of a 23,000-ton Truss Spar hull for their Heidelberg field development. This field is located in the US Gulf of Mexico, at a water depth of 1,620 meters (5,310 feet).

The Letter of Intent allows Technip to begin construction work on the project and other early works including purchase of long-lead items for the hull and start of fabrication, in advance of the expected project sanctioning around mid-2013, after which it will enter into Technip’s backlog.

The Heidelberg Spar will have a capacity of more than 80,000 barrels of oil and 2.3 million cubic meters of natural gas per day.

Technip’s operating center in Houston, Texas will provide the overall project management and engineering. The detailed hull design and fabrication will be carried out by Technip’s construction yard in Pori, Finland where most of Technip’s…

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South Texas: Brooks County Battling Border Crime

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Mb50's "Liquid Mud" Rant

Brooks County, Texas is a less than five-hour drive from Houston, but the rural community of just over 7,200 people is facing an overwhelming amount of crime.

High-speed chases, smugglers and a rising body count has become a fact of life in a county made up largely of ranchers and farmers.

“We have a lot to contend with,” said Brooks County Chief Deputy Urbino Martinez. “It takes a toll.”

Houston’s connection to this rise in crime can be clearly seen in the 250 cars kept in the sheriff’s office’s impound lot.

“There’s criminal acts involving every vehicle that’s here,” said Martinez.

Martinez said 95 percent of the cars the county has seized this year as part of human, drug and weapons smuggling were originally stolen out of the Houston area.

“The connection between us and Houston, it’s almost like you would have to say ‘neighboring,’” said Martinez.

In addition to…

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Gulf of Mexico: Quest Offshore Sees Bright Future for Deepwater GoM (USA)

Mb50's "Liquid Mud" Rant

The Gulf of Mexico, more than any other major deepwater region in the world, has experienced massive changes in the last five years with long-term implications for the future of the region and the GoM’s supply & demand effects on the global deepwater oil and gas market, Quest Offshore says in its report.

The worldwide financial crisis and subsequent recession, shale gas’ implications on U.S. natural gas prices and the aftermath of the Macondo incident have led to significant changes in the outlook for the region. Despite those overwhelming obstacles, the U.S. GoM’s future is bright with a pronounced recovery expected in all major market segments from drilling to subsea, floating production and marine construction.

Overall spending in the region is expected to increase significantly starting in 2013 up nearly 30 percent to $40 billion. Total expenditures are expected to reach a significant $167 billion in the 2013 to…

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