Shell made a 100millionbbl, deepwater oil discovery in the Gulf of Mexico, adding to the potential of its Appomattox find. The Vicksburg A discovery is nearby Appomattox, which contains about 500million bbl of potentially recoverable resources…
ThoughtStream: Opinion Mexico is among the ten largest oil producers in the world. This country has made important structural changes to improve economic performance and strengthen its resilience to external shocks. It is a strong partner to the United States and to Canada…
Colloquy: Editor’s Column American oceanographer Dr. Sylvia A. Earle recently received the Hubbard Medal, the National Geographic Society’s highest honor, recognizing “leadership in exploration, science, environmental stewardship and education…
Newly formed subsea business OneSubsea has picked up a major contract with Chevron on its deepwater west of Shetland Rosebank development. OneSubsea, a joint venture between Schlumberger and Cameron, is to provide the subsea equipment on the 240MM boe recoverable Rosebank development…
Shell, and its partners, are expecting to boost production with two new deepwater projects at Parque das Conchas (BC-10) and the Bijupirá/Salema fields. 'Offshore Brazil is a key part of our plans to grow our deepwater portfolio – a key component of our global strategy…
Modiin Energy LP has updated resource estimates for the Yam Hadera field off Israel. The best estimate of gross recoverable, prospective resources at Yam Hadera is 208MMbo (revised upwards from 133 MMbo) and 3.4 Tcf of natural gas (revised upwards from 1…
Seadrill has signed a contract with Chevron China Energy Company for the newbuild ultra-deepwater drillship West Tellus in support of Chevron's affiliated global exploration program. The contract will start in China immediately on shipyard delivery of the unit…
All eyes are on Mozambique as significant natural gas finds are set to turn the East African country into a major LNG player, but are oil riches on the horizon? Mozambique’s prolific Rovuma basin holds 12 offshore discoveries within a 50km radius…
This event aired on August 20, 2013 Click to AccessThe offshore oil and gas industry continues moving into deeper waters, creating challenges in operations that would be common place in shallow-water projects. New synthetic materials…
Petrobras leads subsea pumping development to overcome deepwater production problems Subsea boosting has evolved since the first subsea multiphase pump was installed, in 1994, by Shell at Draugen field in the Norwegian Sea. That pump…
In the wake of the Macondo incident, the drilling industry has focused on making improvements to offshore safety and developing methods to recover from similar incidents. However, emergency release connector (ERC) technologies, which…
BP and China National Offshore Oil Corp. (CNOOC) Ltd. signed a production sharing agreement for Block 54/11 in the South China Sea, the two companies confirmed on July 16. The block covers 4586sq km in water depths ranging from 370-2300m…
Global demand for ultra-deepwater drilling units remains high with new contracts attracting high day rates, according to Fred. Olsen Energy. The firm, which operates a fleet of seven deepwater and mid-water drilling rigs, says growth in the ultra-deepwater segment is expected continue…
Analysis: Perspectives Independent oil companies have led the way opening new frontiers in recent years, but this may change as companies of all sizes have locked-up huge swathes of frontier acreage, creating opportunities for exploration-driven deals…
A semisubmersible floating production system for Malaysia’s Gumusut-Kakap deepwater field was delivered to be installed at the project development site offshore Sabah. The Gumusut-Kakap field is Malaysia’s second deepwater development after the Kikeh oil field…