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…
All eyes may be on Guyana, but there’s plenty of other countries worthy of attention in South America. Audrey Leon surveys the current spike in exploration activity in the region. Image from Anadarko Petroleum’s Q4 Operations Report…
Infield Systems’ Neda Djahansouzi gives a flavor of the forecasted fixed platform market in 2017-2021, while we let some figures speak for themselves. Sources: Infield Systems Over…
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…
Audrey Leon chats with Schlumberger, Baker Hughes and Weatherford to learn about the latest technologies available for artificial lift. Dedicated Schlumberger surveillance engineers monitor alarms to prevent or mitigate adverse events…
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…