Despite reductions in exploration spend, work goes on. Elaine Maslin speaks with Wood Mackenzie’s Andrew Latham to find out where explorers will aim their drillbits this year. Stena DrillMAX. Photo from Stena Drilling…
National Response Corp. (NRC) has established a Tier 2 oil spill response base in the Bay of Campeche region of Mexico. Driven by new shallow and deepwater drilling developments in Mexico, NRC’s Tier 2 base will support NRC exploration…
In this video, supermajor BP gives a look back at its projects in 2016. Progress was made on several of its projects including Shah Deniz 2 off Azerbaijan, the Southern Gas Corridor pipeline from the Caspian Sea into Europe, Juniper in Trinidad and Tobago, Quad 204 in the UK, and more.
The US Bureau of Ocean Energy Management (BOEM) will offer more than 9000 blocks, spanning more than 48 million acres in the Central Gulf of Mexico (GoM) Lease Sale 247, which is the Obama Administration's final GoM sale in its five year program…
Mexico is delaying the country’s shallow water bid round, Round 2.1, by three months in a move that regulators hope will garner more participation, increased competition and investments. Image of Mexico's deepwater round…
Total and Petrobras have agreed to work together on exploration and upstream technology, which will see Total become a partner on two pre-salt licenses in the Santos Basin. Image from Total. The licenses are the BMS-11 license…
Cameron, a Schlumberger (SLB) company, has signed two 10-year pressure control equipment management service contracts on behalf of Transocean valued at greater than US$350 million. The first contract calls for Schlumberger to manage Transocean’s Cameron risers in the Gulf of Mexico…
In his final month as US president, Barack Obama announced today (20 December) that he will ban offshore areas in the Atlantic and Arctic Oceans from future mineral extraction. The decision comes one month after the Department of the Interior…
Houston’s KBR has been awarded two global agreements by BP International for the provision of conceptual engineering services, and another for the provision of pre-front end engineering design (FEED) and FEED engineering services. Each…
The US government’s Atlantic Wind Lease Sale 6 for 79,350 acres offshore New York was held this week, with Norway’s Statoil being declared the provisional winner. Atlantic Wind Lease Sale 6 map…
US deepwater player Anadarko has completed a deal to buy Freeport-McMoRan Oil & Gas deepwater Gulf of Mexico assets and announced two new Gulf of Mexico finds: Warrior and Phobos. Anadarko said the two finds highlighted the value of its…
Stone Energy and its domestic subsidiaries have filed voluntary petitions under chapter 11 of title 11 of the US code, the bankruptcy code, in the US Bankruptcy Court for the Southern District of Texas to pursue a pre-packaged plan of reorganization…
President-elect Donald Trump has nominated Montana Congressman Ryan Zinke as the next US Secretary of the Department of the Interior (DOI), in which he will oversee the regulatory bodies the US Bureau of Ocean Energy Management (BOEM) and the Bureau of Safety and Environmental Enforcement (BSEE)…
Following news that ExxonMobil chairman and CEO Rex Tillerson has been nominated by US President-elect Donald Trump to lead the US State Department, ExxonMobil has announced that Tillerson will step down and Darren Woods will succeed Tillerson in both positions…
California's governor Jerry Brown has urged US President Barack Obama to permanently withdraw waters off his state from new offshore oil and gas leasing and 'guarantee that future oil and gas drilling' is prohibited. Brown had sucessfully…