Chevron and Inpex will make their entry into the Mexican Gulf of Mexico, following an agreement signed between the US supermajor, Japanese giant, and Mexico’s Petróleos Mexicanos (Pemex), for the exploration of Block 3 North in the Perdido Fold Belt…
Royal Boskalis Westminster has sold all of its remaining stake in Fugro. Boskalis went from owning 28.6% stake in Fugro at the end of 2015, to 9.38% in December 2016. The reduction was accomplished through a successful accelerated bookbuild via which 7…
McDermott International has won a contract award from Hess Corp. for subsea tieback work for its deepwater Penn State Deep (PSD) field in the Gulf of Mexico. The PSD field is located in the Garden Banks 216 block in approximately 1500ft of water…
Petrobras and Total have signed deals worth US$2.2 billion that will see Total take stakes in a number of Brazilian offshore fields and an onshore plant. Petrobras has agreed to give Total 22.5% in the Iara concession area, containing the Sururu…
Fernando C. Hernandez, of SECC Oil & Gas, and Efrain Rodriguez, of IMP, discuss efforts to research rigless production solutions for Mexican deepwater operations. Figure 1: SECC’s connector installed on a manifold…
Ronnie Bains, of Emerson Process Management, explains how the use of dynamic simulations and operator training systems can support engineering and workforce training to help bring offshore assets online quicker. Glen Lyon sets sail from South Korea…
Scott Weeden looks at new developments in extended reach drilling, which include managing vibrations, thereby allowing the BHA and bit to stay on bottom longer and get the well to total depth. The…
A seismic shift – pun intended – has been made in ocean bottom node technology. It is being made more efficient and cheaper to deploy, bringing it closer to challenging the high-end towed streamer market. Elaine Maslin reports. Miniaturization…
Old and new provinces continue to bring forth new activity in Latin America, from new finds in Guyana to the ongoing pre-salt programs in Brazil. Michael Borrel sets out the detail. Latin America has become increasingly attractive to both local and foreign investors…
Audrey Leon catches up with TGS’ Chris Corona on some of the geophysical firm’s latest programs offshore Mexico. Photos from TGS. OE: What is your perspective on current activity off Mexico…
2016 was a year of huge challenges for the offshore drilling rig sector as the low oil price environment and reduced E&P spending continued to bite. Stephen Gordon, of Clarksons Research, charts the state of the market, which is arguably facing some of its toughest times since the 1980s…
Mexico’s energy reform has weathered both the storms of public scrutiny as well as the bad luck of launching during a global oil price downturn. Despite the challenges, Mexico has seen some modest success, but will it continue? Audrey Leon reports…
With more than 3 billion boe up for grabs, the race is on to find ways to unlock the remaining oil and gas in around 350 unsanctioned, and largely marginal, UK Continental Shelf discoveries. Emma Gordon reports on the latest developments…
Audrey Leon speaks with Cesar Granados, Mexico country manager at Weatherford, to get the service company’s perspective on Mexico’s newly opened oil and gas industry, and what role Weatherford aims to play in it. A…
Mexico’s 2013-2014 energy reform triggered a deep transformation in the energy industry. The new legal framework –proposed by the executive branch and enacted by congress– establishes a transition from a state-owned and vertically integrated industry model…