Sembcorp Marine Rigs & Floaters Pte. Ltd. has won a contract from Shell Offshore Inc. to build and integrate the topside and hull of a Floating Production Unit (FPU) for the Whale field in the Gulf of Mexico.The agreement precedes a final investment decision (FID) for the full Whale project…
As global oil firms make ever-bigger bets on Brazil's massive deepwater fields in its 'subsalt' area, a swarm of small and mid-sized companies has sprung up to specialize in lower-profile fields that still produce over a third of the country's crude…
Hess Corporation has made an oil discovery at the Esox-1 exploration well located in Mississippi Canyon Block No. 726 in the deepwater Gulf of Mexico, the US-based independent announced on Tuesday.Esox-1 was drilled in 1,405 meters water depth…
MacGregor has received an order from the China National Offshore Oil Corporation (CNOOC) to supply the riser pull-in system for a deepwater floating production unit (FPU) located in the Lingshui 17-2 gas field, offshore China.MacGregor, part of Cargotec…
Oil supermajor BP has made a major gas discovery in the Orca-1 exploration well in the BirAllah area offshore Mauritania, partner Kosmos Energy announced on Monday.Located approximately 125 kilometers offshore Mauritania, Orca-1 was drilled in approximately 2…
The Secretary-General of the International Seabed Authority (ISA) Mr. Michael W. Lodge signed a Memorandum of Understanding (MoU) to establish the first ever joint training and research center with Mr. Wang Hong, Administrator of State Oceanic Administration of China…
Brazilian state-owned oil company Petrobras said on Thursday that some of its costs in a key oil-producing region plunged in the third quarter, a positive sign given that the company is making a huge bet on the region.In a securities filing announcing its third-quarter results…
Tullow Oil and its partners in the Orinduik block offshore Guyana are plotting their next steps following two discoveries on the closely watched hotspot earlier this year.The London-based operator, which owns 60% working interest in the 1,776-square-kilometer Orinduik block…
CNOOC Ltd, the listed arm of China's largest offshore oil and gas producer, on Thursday reported a 27.9% jump in capital spending in the third quarter amid Beijing's push to boost oil and gas exploration and production.Capital expenditure at CNOOC reached 19…
Unionized workers at Brazil's state-controlled oil company Petróleo Brasileiro SA, or Petrobras, said they will start a general strike on Saturday to press for higher wages as they negotiate a new contract.A group representing 12 oil worker…
TechnipFMC said it has been awarded an integrated engineering, procurement, construction and installation (EPCI) contract by Shell for the deepwater Perdido Phase 2 development, located in the Gulf of Mexico.Arnaud Piéton, President Subsea at TechnipFMC…
Brazilian state-run oil firm Petroleo Brasileiro SA posted a significant production boost in the third quarter, as heavy investments in its deepwater, pre-salt zone showed signs of paying off.Investors and analysts have been watching the firm's production figures closely in recent quarters…
A UN-recognized initiative Small Island Developing States (SIDS DOCK) and Naval Energies have signed a Memorandum of Understanding to support the development of marine renewable energy.Under the agreement SIDS and Naval Energies will collaborate…
The third annual meeting between the International Seabed Authority (ISA) Secretariat and the contractors with deep-sea exploration contracts in the international deep-seabed (the Area) concluded in Changsa, China on Sunday.Delegates gathered…
US-based LLOG has ordered subsea trees designed for pressures up to 20,000 pounds per square inch (psi) for its deepwater Shenandoah development in the US Gulf of Mexico.The subsea trees, ordered from TechnipFMC on Tuesday, mark the first material…