India plans to invest US$20 billion in deepwater natural gas development in the next five to seven years, the country’s Oil Minister Dharmendra Pradhan said this week, according to news reports. Image from India's Ministry of Petroleum and Natural Gas…
For the offshore oilfield equipment and services industries, 2016 was a difficult year. Douglas Westwood’s Joel Hancock looks forward to see if there is a light at the end of the tunnel. The Maersk…
John Sheehan reports from French cables group Nexans’ technology round table, and finds how the firm is staying afloat during the downturn. Nexans’ Skagerrak installation vessel. Photo from Nexans…
Mexico’s Comisión Nacional de Hidrocarburos (CNH) has revealed a long list of individual international oil and gas companies, in addition to consortia, that have been prequalified for the country’s highly anticipated deepwater round set for next week…
Dutch vessel designer GustoMSC has unveiled a new mid-water drillship design, the Scylax. The 'fit-for-purpose' vessel is described as a compact deep water drilling unit based on a single derrick or drilling mast set up with off-line stand building…
L&T Hydrocarbon Engineering Ltd., a wholly owned subsidiary of Larsen & Toubro, has unveiled high-tech spool base facilities at L&T’s fabrication facility at Kattupalli, in Chennai. These facilities are being employed to execute a prestigious…
BP has agreed to buy a 10% interest in the Shorouk concession offshore Egypt, containing the super-giant Zohr gas field, for US$375 million. As part of the deal with Eni, BP will also reimburse Eni for BP’s share of past expenditure…
SMD, a subsea technology provider, has introduced of Sentio, a synthetic environment and virtualization platform that is designed to optimize and improve the efficiency of operations in offshore environments. Sentio lets the user create models and environments to produce virtual scenarios…
After a long awaited return to Liberia, ExxonMobil started drilling at the deepwater Mesurado-1 exploration well earlier this week, according to partner Canadian Overseas Petroleum Ltd. (COPL). Map of Liberia…
The oil and gas industry is known for being cyclical, however, the current reality of a “lower for longer” oil price has made sanctioning large offshore projects financially unviable, Douglas-Westwood (DW) said. Many oil majors have opted to focus on subsea well tiebacks…
The Amberjack debottlenecking project in the deepwater Gulf of Mexico (GoM) has been completed, expanding its infrastructure and increasing Green Canyon Block platform (GC-19) off-take capacity by 60%. Amberjack illustration…
Israel's Minister of Energy has opened the country's first offshore bid round covering 24 areas in the Levant Basin, with some located close to existing major gas discoveries. The discovery of giant gas fields in the Levant Basin, offshore…
IKM Cleandrill has been awarded a three-year frame agreement with AkerBP for riserless closed loop mud recovery services. The initial operations under this contract will be production well drilling on the Alvheim development from the Transocean Arctic semisubmersible rig…
The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) received nearly US$563 million (CAD $758 million) in work commitments in its latest deepwater bid round for the East Newfoundland and Jeanne d’Arc regions, offshore the Canada-Newfoundland and Labrador areas…
Houston-headquartered SAExploration has won a ca.US$35 million contract to provide a 3D deepwater ocean-bottom marine project in West Africa. SAE expects to initiate this project in late 2016 and complete it in Q1 2017. The project will…