Mexico's National Hydrocarbons Commission (CNH) announced today that 25 companies have askes to sign up for the next deepwater round, Round 2.4, to be held on 31 January 2018. The companies that have signed up include those that have participated in previous rounds such as BHP…
Class society ABS issued a managed pressure drilling (MPD) notation to Seadrill’s West Capella ultra-deepwater drillship for demonstrating system compliance with the ABS Guide for Classification and Certification of Managed Pressure Drilling Systems Guide…
Subsea firm Ocean Infinity has claimed to have undertaken the deepest dive by multiple autonomous underwater vehicles (AUVs) commercial known. The feat was achieved on 18 October, when the firm launched six HUGIN AUVs, each with…
Tullow Oil's latest 'ambitious wildcat' well offshore Suriname, south America, has failed to make a commercial discovery. The Araku-1 exploration was drilled to a total depth of 2685m and penetrated the objectives of the Araku prospect…
A steady recovery is in motion in the subsea business with the potential for major subsea awards in the remaining months of this year and throughout 2018, according to TechnipFMC's boss Doug Pferdehirt. The firm won US$2.5 billion in…
Reduced spending for oil and gas exploration is limiting availability of quality deepwater assets for merger and acquisition (M&A) deals, according to a new report by IHS Markit. This lack of deepwater asset inventory is challenging exploration…
Oilfield services firm Expro has launched a new extreme high-pressure tubing conveyed perforating (TCP) gun system, delivering the largest perforation hole area available for frac and gravel pack completions. Designed specifically for challenging deepwater environments in the Gulf of Mexico…
French oil giant Total has agreed a farm-in deal with UK based independent Impact Oil and Gas, which will see it take major stakes in deepwater blocks offshore Namibia and South Africa. Total has acquired 70% of Impact’s interests in Block 2913B…
MODEC has signed a contract for supply, charter, and operations of a floating production storage and offloading (FPSO) vessel with Brazil's Petrobras on 13 October 2017. The firm charter period of the contract is 21 years. The FPSO will be deployed at the Sépia field operated by Petrobras…
Australian explorer Woodside's latest exploration wells offshore Myanmar were non-commercial or dry, the firm has revealed. Thalin discovery Source: Woodside The firm's Pyi Tharyar-1 well…
Transocean's ultra-deepwater drillship Deepwater Invictus was awarded a two-year contract plus three one-year priced options with a subsidiary of BHP Billiton. The backlog associated with the firm contract is approximately US$106 million…
FairfieldNodal has begun a project to acquire and process high-resolution 3D marine seismic for the Libra consortium led by Petrobras, Total, Shell, China National Petroleum Corp., and CNOOC. The Libra project, FairfieldNodal’s first such project offshore Brazil…
Independent oil firm African Petroleum has applied to enter a second renewal period at the Senegal Offshore Sud Profond (SOSP) production sharing contract (PSC). The firm is also hoping to swap a commitment to drill a well for a 3D seismic…
Anadarko Petroleum has signed an exploration agreement with the government of Peru to explore 4.7 million acres across three deepwater blocks in the Trujillo Basin offshore Peru. The exploration phase of the agreement is a typical multi-year…
US oil major Chevron has decided to discontinue its exploration program in the Great Australian Bight, according to the country's industry body. BP dropped its plans for drilling two deepwater wells in the area after a tussle with…