Since the idea of floating liquefied natural gas (FLNG) was first mooted the landscape of the oil and gas sector has changed dramatically. When Shell finally pressed the go button for its Prelude FLNG project offshore Australia back in mid-2011, the oil price was pushing $115 a barrel. By the time it delivered first gas earlier this year it was less than half what it was at final investment decision (FID) eight years earlier…
US-based LLOG Exploration announced on Tuesday that it has started production from the large-scale deepwater Buckskin project in the US Gulf of Mexico. Buckskin, which is located on Keathley Canyon blocks 785, 828, 829, 830, 871 and 872 in approximately 2…
Petroleos Mexicanos will focus on shallow water projects and onshore plays, and avoid investing in its deepwater riches for now, as the ailing Mexican state-run oil company seeks to turn around a 14-year slide in crude production, a top official said on Thursday…
TechnipFMC said it has been awarded a number of subsea contracts by US-based Anadarko Petrleum for its Golfinho/Atum development offshore Mozambique.The UK-based firm said it was awarded a contract worth more than $1 billion for the engineering…
Cyprus and Greece heaped pressure on the EU on Tuesday to take action against Turkey over gas drilling in disputed waters, as Ankara said it would step up exploration in a move that could further strain ties with Western allies.Turkey and Cyprus…
Mooring solutions supplier SOFEC has selected an innovative mooring monitoring system (MMS) for a major new deepwater development offshore Mozambique.The new system, supplied under a teaming agreement between BMT and Sonardyne, will involve…
UK-based offshore drilling company Seadrill has secured a one well contract with Kosmos Energy (KOS), for the West Capricorn.The rig will work for KOS in the U.S. Gulf of Mexico. The job is expected to begin in the fourth quarter of 2019, while the backlog is approximately $10 million…
The outlook for West Africa’s offshore oil and gas market remains positive despite some hiccups hinged on delay by some countries in the region to align their hydrocarbon regulations to prevailing market trends and the intensifying global competition…
Brazilian state-run oil firm Petroleo Brasileiro SA has made natural gas discoveries in six deepwater fields in the Sergipe Basin, it said in a regulatory filing on Monday.Petrobras said it is now looking at drawing up a budget plan to finance…
Mexico's oil regulator on Thursday approved exploration plans for four deepwater areas operated by Royal Dutch Shell, after it gave the green light to five others earlier this week, committing the oil major to invest at least $791 million.The…
Brazil's oil regulator ANP announced on Thursday preliminary rules for a major oil auction in the pre-salt area in the Santos basin and postponed the bidding round to Nov. 6 from Oct. 28.The preliminary rules will be in public consultation until July 3…
In April, Maritime Developments (MDL) concluded a flexible installation project offshore West Africa. The work scope, commissioned by DeepOcean, saw the MDL third-generation reel drive system (RDS) used on board the Polar Onyx for installation of a 2…
Subsurface Imaging, part of CGG’s Geoscience division, has delivered a step-change in subsalt image quality over the Mad Dog field in the Green Canyon area of the US Gulf of Mexico.Fast access to high-quality images was critical to BP and partners…
Mexico's independent oil regulator on Tuesday approved deepwater exploration plans for five areas operated by Royal Dutch Shell Plc in Mexican waters near the U.S. maritime border.The plans commit the Anglo-Dutch oil major to invest at least $397 million over the next four years…
Project partners have taken final investment decision (FID) for the second phase of the Mero project in the deepwater Libra block of the pre-salt Santos Basin offshore Brazil, operator Petróleo Brasileiro announced on Tuesday.The Brazilian state-controlled oil company…
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