Offshore Deepwater News


TotalEnergies Makes FID for Kaminho Deepwater Project Offshore Angola

May 21, 2024

TotalEnergies, along with its partners Petronas and Sonangol, has made a Final Investment Decision (FID) for the Kaminho project to develop the Cameia and Golfinho fields offshore Angola.Located 100 km off the coast of Angola in 1,700 m water-depth…

First Oil from Shell's Bonga North Tranche 1 in 2027/2028

May 09, 2024

Oil major Shell expects first oil from its Bonga North Tranche 1 project off the coast of Nigeria in 2027/2028 and 'there are opportunities get that stream on earlier,' a Shell executive said on Thursday.Elohor Aiboni, a managing director at Shell Nigeria…

DNV's New Standard for Hybrid TCPs Set to Improve Deepwater Projects Reliability

May 08, 2024

DNV has released its latest standard, DNV-ST-F207 for hybrid thermoplastic composite flexible pipes (TCPs), which facilitates the integration of innovative technologies like carbon fiber armor into flexible riser designs to enhance efficiency and reliability for deepwater projects…

BP Eyes 2025 FID for Tiber Oil Project

May 07, 2024

BP is considering a 2025 financial greenlight decision for its Tiber offshore oil project in the U.S. Gulf of Mexico, an executive said on Tuesday at an offshore energy conference in Houston.The company's U.S. Gulf of Mexico output last year averaged 300…

Green Light for $3 Billion Oil Port off Texas Expected By Year-end

Apr 30, 2024

Enterprise Products Partners on Tuesday said it expects to have two contracts for its proposed deepwater oil export terminal by May 31 and reach a final investment decision before year-end.Enterprise's ambitious Sea Port Oil Terminal (SPOT)…

Petrobras Q1 Oil Production Up 4.4%

Apr 29, 2024

Brazilian state-run oil company Petrobras said on Monday that its crude oil production during the first quarter rose 4.4% compared to the same period last year.Petrobras pumped 2.24 million barrels per day (bpd) in the period, the firm said in a statement…

Enterprise Products Gets Port License for Gulf of Mexico Oil Terminal

Apr 10, 2024

Enterprise Products Partners said on Tuesday it had received a deepwater port license for its Sea Port Oil Terminal (SPOT) in the Gulf of Mexico from an agency of the U.S. Department of Transportation.The project, located near Freeport, Texas…

Argeo Venture to Set Sail to West Africa Under $39M TotalEnergies Deal

Apr 04, 2024

Norwegian offshore services company Argeo has signed a contract with TotalEnergies for deepwater work offshore West Africa.The work will be carried out by Argeo Venture as part of the contract that will occupy the vessel for the remainder of 2024…

Beacon Concludes Divestment in Deepwater Gulf of Mexico Fields

Apr 01, 2024

Texas-based exploration and production company Beacon Offshore Energy has completed the divestment of its non-operated interests in deepwater fields in the Gulf of Mexico.The move is in accordance with a previously executed definitive agreement with GOM 1 Holdings…

MODEC Gets FEED Job for Shell’s Gato do Mato FPSO

Apr 01, 2024

MODEC has secured the Front-End Engineering and Design (FEED) contract for a floating production storage and offloading (FPSO) system for Shell’s Gato do Mato development, offshore Brazil.Gato do Mato FPSO will be moored at a water depth of approximately 2…

LLOG Taps ABL for Marine Warranty Services at Salamanca Project in Gulf of Mexico

Mar 12, 2024

Energy and marine consultancy ABL has been awarded a contract by LLOG Exploration to provide marine warranty survey (MWS) services for the subsea development of the Salamanca project in the U.S. Gulf of Mexico.The Salamanca development project…

Exxon Signals Potential Counter Offer for Hess's Guyana Assets

Mar 06, 2024

Exxon Mobil Corp on Wednesday said it filed a contract arbitration claim disputing Hess Corp's proposed sale of its Guyana oil properties, and suggested it may counter Chevron Corp's pending deal for the assets.The arbitration case seeks to…

Tullow Oil Swings Into Loss, But Eyes Returns After 2025

Mar 06, 2024

Tullow Oil swung into a loss in 2023 after cutting the value of reserves in one of its West African oilfields, as its chief executive said the company would consider shareholder returns after 2025.The London-listed company said on Wednesday it posted a $110 million loss after tax last year…

Helix Secures Deepwater Well Intervention Contract in West Africa

Feb 27, 2024

U.S.-based oil and gas services firm Helix Energy Solutions has been awarded a deepwater well intervention contract award by Esso Exploration and Production Nigeria (Esso) at Erha and Usan fields, offshore Nigeria.The project is expected to…

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