Russia's Rosneft is to take a 30% stake in the Shourouk Concession, offshore Egypt, containing the supergiant Zohr gas field. Rosneft will pay operator Eni US$1.125 million and a share of past expenditures, which amount so far at about $450 million…
In this video, BP shows an overview of its recently sanctioned Mad Dog Phase 2 project. The supermajor sanctioned the US$9 billion Mad Dog Phase 2 project in the Gulf of Mexico on 1 December, with the anticipation of first production set to start in late-2021…
Japan's Mitsui & Co. has reached an agreement with Shell to acquire 20% working interest in the supermajor's 100%-operated Kaikias and Circius fields in the US Gulf of Mexico, the firm announced on 5 December. The two fields sit in four blocks (MC-767…
The Subsea Integration Alliance (a collaboration between Schlumberger, OneSubsea, and Subsea 7) has been awarded a deepwater integrated subsea engineering, procurement, construction, installation and commissioning (EPCIC) multiphase boosting…
Mexico's highly anticipated deepwater bidding round, Round 1.4, in Mexico City resulted in eight of the 10 deepwater blocks in the Gulf of Mexico awarded. Evaluating submitted bids. OE…
Audrey Leon speaks with California-based Materia about a resin the firm hopes will make waves for subsea thermal insulation and other deepwater buoyancy applications. Proxima thermoset norbornene resins create composites…
BP has sanctioned the US$9 billion Mad Dog Phase 2 project in the Gulf of Mexico, with first production set to start in late-2021. Illustration of Mad Dog 2, from BP. The UK supermajor’s…
India plans to invest US$20 billion in deepwater natural gas development in the next five to seven years, the country’s Oil Minister Dharmendra Pradhan said this week, according to news reports. Image from India's Ministry of Petroleum and Natural Gas…
For the offshore oilfield equipment and services industries, 2016 was a difficult year. Douglas Westwood’s Joel Hancock looks forward to see if there is a light at the end of the tunnel. The Maersk…
John Sheehan reports from French cables group Nexans’ technology round table, and finds how the firm is staying afloat during the downturn. Nexans’ Skagerrak installation vessel. Photo from Nexans…
Mexico’s Comisión Nacional de Hidrocarburos (CNH) has revealed a long list of individual international oil and gas companies, in addition to consortia, that have been prequalified for the country’s highly anticipated deepwater round set for next week…
Dutch vessel designer GustoMSC has unveiled a new mid-water drillship design, the Scylax. The 'fit-for-purpose' vessel is described as a compact deep water drilling unit based on a single derrick or drilling mast set up with off-line stand building…
L&T Hydrocarbon Engineering Ltd., a wholly owned subsidiary of Larsen & Toubro, has unveiled high-tech spool base facilities at L&T’s fabrication facility at Kattupalli, in Chennai. These facilities are being employed to execute a prestigious…
BP has agreed to buy a 10% interest in the Shorouk concession offshore Egypt, containing the super-giant Zohr gas field, for US$375 million. As part of the deal with Eni, BP will also reimburse Eni for BP’s share of past expenditure…
SMD, a subsea technology provider, has introduced of Sentio, a synthetic environment and virtualization platform that is designed to optimize and improve the efficiency of operations in offshore environments. Sentio lets the user create models and environments to produce virtual scenarios…
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