In 1994, when BP and SOCAR signed a deal for the development of the Azeri, Chirag and Gunashli oil fields in the deepwaters of the Caspian Sea, it was dubbed the 'Contract of the Century.' Now, the 'Contract of the New Century' has been signed…
InterMoor has been contracted by Subsea 7 to provide mooring and tow services for BP’s Mad Dog 2 project in the US Gulf of Mexico, InterMoor announced today (11 September). The contract's scope includes InterMoor securing the new semisubmersible production platform at depths of 4440ft…
Drilling on the deepwater Drombeg prospect offshore Ireland has discovered water wet reservoirs, says Providence Resources. The 53/6-1 well, in about 2233m water depth - the deepest a well has been drilled offshore Ireland - about 220km off south-west Ireland…
Eni has inked the Saipem 12000 drillship for drilling the RD-1 well in the Rabat Deep Offshore license, offshore Morocco. Partner Chariot Oil & Gas says the RD-1 well will target the JP-1 prospect using the with drilling due to start in the latter part of Q1 2018…
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…