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…
Leslie Cook, of Wood Mackenzie, examines falling dayrates in the floating rigs sector, and the view out to 2020. Graph sources: Wood Mackenzie As the cyclical downturn in the deepwater market continues to drag out…
Interventek Subsea Engineering has signed a two-year exclusive deal with Louisiana-based Professional Rental Tools (PRT) to supply its in-riser Revolution valve for well intervention operations in the Gulf of Mexico. Interventek will supply its 6…
Shell and Mitsui Oil Exploration have taken the final investment decision for phase one of the Kaikias deepwater project in the US Gulf of Mexico, in hopes of starting production in 2019. Illustration of Kaikias…
Equatorial Guinea's Ministry of Mines and Hydrocarbons has extended the closing date of its 2016 Licensing Round, due to a 'wave of new exploration interest' thanks to a more positive outlook in the industry. The round, offering 'all…
Cairn Energy's latest well on the SNE (Shelf North Edge) field offshore Sengal has reached total depth, at 2852m, says partner FAR Ltd. Wireline logging operations have been completed on the SNE-5 appraisal well, in Senegal's Sangomar Deep block…
The Carbon Trust’s Offshore Wind Accelerator (OWA) announced its US$3 million (£2.4 million) Improved Fatigue Life of Welded Jacket Connections (JaCo) project, aiming to cut the cost of offshore wind by optimizing the design of jacket foundations…
Fugro announced a partnership with the Shell Ocean Discovery XPRIZE to support the oil major's global, three-year ocean mapping competition. The competition is looking for rapid, unmanned and high resolution ocean mapping technologies…
India's Reliance Industries Ltd. (RIL) has awarded Genesis a contract to undertake front end engineering design (FEED) on the MJ field deepwater development in block KG-DWN-98/3 in the Bay of Bengal. This project will consider a seven…
DeepOcean subsidiary, ADUS DeepOcean, completed a 3D laser survey offshore Ghana, which has led to a further three-year contract for DeepOcean Ghana Ltd. The recent climate in the oil and gas industry has sharpened the need for cost effective…
PeruPetro, the responsible government agency, has granted independent oil and gas exploration and production company Baron Oil to drill the Cuy-Z34-13-1X exploration well offshore of northwest Peru in Block Z-34. The well is planned to be drilled in 5764ft of water to a total depth of 12…
Subsea 7 has taken delivery of the Seven Arctic and Seven Kestrel, successfully completing a substantial and targeted fleet investment program that has added six newbuild vessels to the Subsea 7 fleet since 2014. Image of the Seven Kestrel…
North Sea decommissioning is finally happening and it means some difficult questions are starting to be asked about what should be left behind and what might benefit sea life. Elaine Maslin explores the details. Shoal…
The floating production systems market remains challenging. Will cost-cutting measures made over the past two years help projects reach final investment decision in 2017? Infield’s Catarina Podevyn assesses the market. Johan Castberg…
French research institute Ifremer has chosen French robotics and automation firm ECA Group to develop an ultra deep autonomous underwater vehicle (AUV) able to reach 6000m water depth. Through the move, ECA Group will become the prime…