Offshore Deepwater News


Somalia to Announce Winners of First Offshore Bidding Round in 2021

Aug 06, 2020

Somalia expects to announce the winners of its first oil and gas licensing round early next year, as the country seeks petrodollars to help rebuild its struggling economy, a senior government oil official said on Wednesday.Battered by violence…

Suriname's Staatsolie Eyes Stake in Apache's Prolific Offshore Block

Aug 03, 2020

Suriname's state-owned oil company Staatsolie is considering farming into an offshore oil block where Apache Corp and France's Total SA have announced a third major discovery, an executive said on Sunday.Staatsolie has the right to a stake of up to 20% in the 1…

Transocean's 20k PSI Newbuild Drillships to Cost $2,25B

Jul 31, 2020

Offshore drilling company Transocean expects its two ultra-deepwater drillships under construction in Singapore to cost it $2,25 billion in total, more than a double on the original order price.Transocean first ordered the drillships - now named…

Murphy Oil to Take Pacific Drilling Rig on a Ten-Well Term in 2021. Scraps 2020 Deal

Jul 30, 2020

Offshore drilling contractor Pacific Drilling has lost a two-well contract for its Pacific Sharav drillship with Murphy Oil, but has managed to secure a ten-well deal with the same client, only at a later date.The drillship recently completed…

Transocean Posts $487M Loss on Impairments. Revenues Rise on Dispute Settlement

Jul 30, 2020

Deepwater drilling company Transocean reported a second-quarter net loss of $487 million, mostly on impairment of assets. The adjusted net loss was $1 million, an improvement from an adjusted loss of $187 million in the previous quarter.Total contract drilling revenues were $930 million…

ExxonMobil Finds More 'High-quality' Reservoirs Off Guyana, Hess Says

Jul 29, 2020

The U.S. oil major ExxonMobil has recently discovered two more high-quality oil reservoirs offshore Guyana, Hess, the company's partner in the prolific Stabroek block said Wednesday.To remind, back in January, ExxonMobil said it had struck its 16th oil discovery in the offshore block in Guyana…

Gulf of Mexico: Blackstone to Raise Stake in Shenandoah

Jul 28, 2020

Israel's Navitas Petroleum said on Tuesday the Blackstone Group signed a preliminary deal to raise its stake in a drilling project in the Gulf of Mexico to 47% from 16%.Navitas had partnered with U.S. oil firm LLOG and Blackstone's portfolio…

Russia's Lukoil Buys Cairn's Stake in Sangomar Field Offshore Senegal

Jul 27, 2020

Russian oil company Lukoil has signed an agreement with Cairn Energy to acquire a 40% interest in the Rufisque, Sangomar and Sangomar Deep) - RSSD - project offshore Senegal for $300 million in cash. The agreement also provides for potential…

Webinar: Floating Production Forecasts & Analysis

Jul 24, 2020

A free webinar will deliver latest forecasts and market intelligence for the global floating production industry, offering insider access to business and investment opportunities in the deepwater sector.Floating Production Systems: 2020 Forecasts & Analysis…

Petrobras Launches Tender for Buzios FPSO Trio

Jul 24, 2020

Brazilian state-controlled oil company Petrobras said on Friday it has approved the start of a tender to build three new floating platforms, known as FPSOs, in the Buzios oilfield, one of the biggest deepwater discoveries this century.Earlier in July…

India's Deepwater Gas Output Pressured by Low Spot LNG Prices

Jul 21, 2020

India’s new deepwater gas production could be under pressure from low spot LNG prices, says Wood Mackenzie.Deepwater is expected to drive India’s gas production growth, adding over 1 billion cubic foot per day (bcfd) of new supply by 2023. However…

Petrobras Reports Buzios Field Production Record

Jul 14, 2020

Brazil's Petrobras said production from four of its floating production, storage and offloading units (FPSO) in the Buzios field located in the Santos Basin, off the coast of Rio de Janeiro, combined to achieve a daily record output on Monday…

Buzios Oil Field Achieves Daily Production Record

Jun 29, 2020

Brazil's Petrobras said that its platforms P-74, P-75, P-76 and P-77 located in the deepwater Buzios oil field, the largest in the world, achieved record production levels on June 27, totaling 664,000 bpd and 822,000 boed.The oil company said it sold 764…

Gulf of Mexico: LLOG Sanctions Taggart Development

Jun 29, 2020

U.S. Gulf of Mexico operator LLOG has sanctioned the development of its Taggart discovery. The discovery will be developed via tieback to the Williams-owned Devils Tower Spar in Mississippi Canyon 773.The Taggart discovery is located on Mississippi Canyon Block 816 in approximately 5…

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