Offshore Deepwater News


In Namibia, Eco Atlantic Plots Journey Ahead

few minutes ago

Oil and gas exploration and production company Eco Atlantic appears determined to make a breakthrough in its underexplored Namibian offshore assets after preliminary works in preparation for a deep dive it expects to take in the four offshore permits as early as October next year…

Petrobras Sees Major Deepwater Shift in 2020

Nov 19, 2019

Brazil's state-owned oil firm Petroleo Brasileiro SA expects deep offshore areas to account for 88% of its exploration and production activities next year, up from 55% currently, an executive for the company said on Tuesday.The major shift to…

Enpro Subsea Completes Ghana Campaigns

Nov 19, 2019

Production optimization specialist Enpro Subsea said it has recently completed another two subsea hydraulic intervention campaigns for two operators in West Africa. Operations were conducted from a single multi-services support vessel, which was mobilized out of Takoradi in Ghana…

Bourbon to Support Total in Namibia

Nov 18, 2019

Bourbon Marine & Logistics announced on Monday that it has been awarded an integrated logistics contract from Total to support the supermajor's deep offshore exploration campaign in South Namibia in 2020. The project scope covers provision of logistics base…

Foreign Players Unlikely to Bid in Brazil -BP Brazil Head

Nov 13, 2019

Foreign oil companies that have not joined Brazil's last two auctions of offshore 'pre-salt' fields are also unlikely to bid next year, BP Plc's Brazil president told newspaper Valor Economico in an interview published on Wednesday.Adriano Bastos argued that…

Japanese Firms in Brazilian FPSO Gig

Nov 12, 2019

Japanese companies have decided to proceed with the deepwater floating production, storage, and offloading system (FPSO) charter project for the Petrobras-operated Búzios pre-salt oil field located offshore Brazil.MODEC, Mitsui & Co., Mitsui O…

Africa Oil States Aim to Lure Investors

Nov 11, 2019

Lower prices and increasing competition for investment are driving many African states to make it easier and cheaper for overseas companies to keep their oil and gas output flowing.From Ghana to Gabon, governments are adjusting terms to lure…

Puma West Drilling Begins

Nov 10, 2019

BP has started drilling the deepwater Puma West prospect in the Green Canyon block in the U.S. Gulf of Mexico.Project partner Talos Energy, which sold an operating inetrest in the project to supermajor BP, said the well is being drilled by the…

Petrobras Has No Interest in Farming out Buzios

Nov 08, 2019

Brazil's state-run oil firm Petrobras, which dominated this week's disappointing offshore oil auctions, has no interest in farming out its Buzios block to be operated by another firm, its head of exploration and production said on Friday.Major…

Repsol Buys Stake in the Monument Prospect

Nov 07, 2019

Repsol will acquire a 20% nonoperated interest in the Monument prospect that oprator Equinor is drilling in the Northwest Walker Ridge area in the deepwater Gulf of Mexico, Equinor said in an announcement on Thursday.The Norwegian energy copany…

Big Oil Stuns Brazil in Back-to-back Auction Flops

Nov 07, 2019

Major global oil firms snubbed a second Brazilian oil auction in a row on Thursday, passing up offshore blocks and forcing officials to reconsider a bidding system that gives a privileged position to state-run Petroleo Brasileiro SA.The only block awarded in Thursday's bidding went to Petrobras…

Huge Brazil Oil Round Disappoints

Nov 06, 2019

A huge Brazilian oil auction, dubbed one of the largest ever, frustrated expectations on Wednesday, as high prices and tepid demand turned the widely awaited tender into an embarrassing miscalculation for the cash-strapped government.Brazil's…

Total to Sell Stake in Nigerian Offshore Block

Nov 06, 2019

Total is seeking to sell its 12.5% stake in a major deepwater oilfield off the coast of Nigeria, industry and banking sources said, in an effort to adjust the energy company's Africa portfolio amid a broad expansion.The stake in Oil Mining Lease (OML) 118…

Five-year Floater Forecast Buoyant: Report

Nov 05, 2019

Orders for floating production vessels, their variants and, by default, a lot of “EPCI” are expected to be higher over the next four years than believed at the end of 2018, says an analysis of business drivers done in November by numbers cruncher…

Current News

Seadrill Chairman Steps Down

Oil Price Adds to Drill Mix

Norway's Oil Industry Lifts Forecasts

Sarawak Seeks to Recoup Tax from Petronas

In Namibia, Eco Atlantic Plots Journey Ahead

Seadrill in Talks with Banks to Restructure Debt

LR Bolsters Well Management Team

Total Criticizes EIB's Decision Not to Finance Gas

Maersk Supply Service Wins UK Job

Japanese Trio Orders Wind Turbine Installer

Magazine

Offshore Engineer (Sep/Oct 2019)

This issue of Offshore Engineer is dedicated to Big Data and Digitalization

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