Global deepwater oil and gas development has been plagued for a decade by cost creep in equipment and services. Some of the inflation was warranted as we moved into deeper, harsher and frontier areas, requiring higher equipment specs, more specialized assets and a higher level of risk mitigation…
Magma Global has signed an agreement with Odebrecht Oil & Gas to supply m‐pipe for the CMHR (Composite Multi-‐Bore Hybrid Riser) solution for future deployment in deepwater pre-salt projects in Brazil. Magma’s patented mpipe technology…
Subsea boosting is helping to push otherwise uneconomic subsea projects over the line. Elaine Maslin reports on two tiebacks benefiting from a bit of boost – including the industry’s longest deepwater subsea multiphase boosting tieback. Murphy…
Italian contractor Saipem has won a string of contracts worth a total US$370 million. Eni Angola has awarded Saipem additional work orders for the West Hub Development project offshore Angola. The work, which will be performed by Saipem's E&C Offshore division…
The North Sea's first floating production, storage and offloading vessel (FPSO), the Petrojarl I, has been delivered to owner Teekay after a two and a half year project to make it ready for its next deployment. The Petrojarl 1, a Tentech 685 design vessel…
The US Bureau of Ocean Management's (BOEM) Lease Sale 249 brought in high bids of US$121 million from 27 companies with a total of 99 bids earlier today (16 August). Image from BOEM Facebook. A total of 90 blocks were offered…
The hull for Royal Dutch Shell’s Appomattox field development project has set sail from Geoje, South Korea to Ingleside, Texas for completion of construction. Source: Shell Fabrication on…
SBM Offshore revealed that it has inked a deal for its Fast4Ward standardization program, signing a contract in June for the first newbuild hull with China Shipbuilding Trading Co. (CSTC) and the Shanghai Waigaoqiao Shipbuilding (SWS) shipyard…
The new Pacific Drilling CEO says that the company is gaining an increased interest in the deepwater sector for 2018, as the company recorded a loss in Q2, amid the possibility of filing for bankruptcy. The Pacific Bora…
In advance of OE’s 2017 Global FPSO Forum, held in Houston this month, Audrey Leon chats with the forum’s board members to learn what is in store for the FPSO sector and discover how digitalization may play a role. Aerial…
Diamond Offshore is championing a new Floating Factory concept meant to meet future deepwater challenges, but drumming up support during the downturn may be tough. Karen Boman reports. Photo from iStock…
Saipem and Petrobel have finalized offshore contract variations worth US$900 million for engineering, procurement, construction and installation (EPCI) activities in relation to the “Optimised Ramp Up” phase of the “supergiant” Zohr field development project offshore Egypt…
With US lawmakers prepared to hit Russia with more sanctions*, the domestic oil and gas industry is bracing for what potential impacts may come. Karen Boman lays out concerns voiced at a July Atlantic Council Event. [*Update] The US Senate…
Global energy services and technology company AGR, has signed a SaaS (software as a service) contract with Dana Gas PJSC to supply the latest version of its P1 software for deepwater exploration efforts offshore Egypt. Petter Mathisen…
Mexico’s National Commission of Hydrocarbons (CNH) announced that 30 blocks will be offered in the country’s second deepwater round on 31 January 2018. Image of Mexico's first deepwater round held in December 2016…