BP won final approval in recent weeks from its partners for the Mad Dog 2 project, its first major deep-water development there in years.
Tieback work is also picking up steam, with Shell this week greenlighting its Kaikias project, Hess contracting for Penn State Deep and Chevron pushing ahead on its Tahiti Vertical Expansion.
But the boost is too late for some — Gulf Island Fabrication is to sell its fabrication yards in South Texas to consolidate operations in Louisiana.
The
