Offshore Engineer Deepwater News


OKEA Bags Drilling Contract for Deepsea Nordkapp

Apr 29, 2019

Norwegian oil and gas company OKEA has secured the Odfjell Drilling-owned semi-submersible rig Deepsea Nordkapp to drill for upside opportunities within and surrounding the Draugen field offshore Norway.The drilling operation is expected to commence in Q4 2019…

Exxon Eyes Brazil Transfer-of-rights Area

Apr 26, 2019

ExxonMobil Corp is studying a possible purchase of production rights in Brazil's so-called transfer-of-rights area - one of the world’s most promising offshore oil areas - although no decision has yet been made on the matter, an executive said on Friday…

Case Study: iEPCI at Karish

Apr 25, 2019

An integrated approach to subsea services is the driving force behind a major project being performed by UK-based TechnipFMC at the deepwater Karish field, offshore Israel, in the Mediterranean Sea.The integrated engineering, procurement, construction…

Keppel Wins Lingshui 17-2 Engineering Work

Apr 25, 2019

Keppel FloaTEC secured an engineering services contract from China’s Offshore Oil Engineering Company (COOEC), the main engineering, procurement, construction and installation (EPCI) contractor for the Lingshui 17-2 production semisubmersible to be built at COOEC's Qingdao facility in China…

Petrobras to Record $326 Mln Writedown Due to Rig Dispute

Apr 25, 2019

Brazilian state-run oil firm Petroleo Brasileiro SA will record a 1.3 billion-real ($326 million) provision in its first-quarter results due to an ongoing dispute with a bankrupt rig lessor, it said on Thursday.In a securities filing, Petrobras…

Gulf of Mexico Output Lifts Hess Profits

Apr 25, 2019

Hess Corp reported a surprise profit on Thursday, supported by higher production at the U.S. oil and gas producer's oilfields in the Bakken shale and Gulf of Mexico regions.The company said production from Bakken rose 17 percent to 130,000 barrels of oil equivalent per day (boe/d)…

Political Risks Mar Africa's Offshore Grand March

Apr 25, 2019

Political instability, insecurity and marine boundary disputes pose some of the major challenges constraining progress of Africa's upstream offshore oil and gas exploration ambitions at a time when the continent expected to ramp up production from its deep and ultra deepwater investments…

Drilling Down Deep

Apr 25, 2019

Deepwater drilling is back and targeting ever deeper waters, from South Africa to Pakistan.Deepwater exploration is starting to get serious, again. If fact, French oil major Total is lined up to drill what will be a new deepwater drilling record later this year…

ExxonMobil Adds Acreage Offshore Namibia

Apr 24, 2019

ExxonMobil has grown its footprint in the deep waters offshore Namibia, adding approximately 28,000 square kilometers of exploration acreage in in the frontier region, the supermajor said on Wednesday.ExxonMobil said it signed an agreement with…

Shell Makes Deepwater Find in US GoM

Apr 24, 2019

Shell announced Wednesday it has made a significant discovery at the deepwater Blacktip prospect in the Alaminos Canyon Block 380 in the U.S. Gulf of Mexico.The discovery is located in approximately 1,900 meters water depth in the Alaminos Canyon Block 380…

Murphy Oil to Buy LLOG's GoM Assets

Apr 23, 2019

Oil and gas producer Murphy Oil Corp said on Tuesday it would buy Gulf of Mexico assets from LLOG Exploration Offshore and LLOG Bluewater Holdings for at least $1.38 billion in cash in a move to strengthen its position in the region that saw record production last year…

US Outlook: Deepwater Production Rising

Apr 22, 2019

Currently one in every five barrels produced in the United States comes from the Gulf of Mexico (GoM), and 88% of that output flows from reservoirs in water depths greater than 500 feet.In 2016 the GoM produced 575 million barrels of oil, and in 2017 621 million barrels…

BP Invests $6 Bln in Offshore Azerbaijan Project

Apr 22, 2019

The British multinational oil and gas company BP and its partners will lead a $6 billion development of the giant Azeri-Chirag-Deepwater Gunashli (ACG) oil-field complex offshore Azerbaijan.The supermajor said that the Azeri Central East (ACE)…

Petrobras Confirms Reserves at Moita Bonita

Apr 22, 2019

Brazilian oil and gas giant Petrobras has confirmed the extension of gas and oil accumulation in the Moita Bonita area, in deep waters in the Sergipe Basin offshore Brazil.A press release from the Petrobras said: 'We have completed the drilling…

BP Terminates Seadrill Semisub Contract

Apr 22, 2019

UK-based offshore deepwater drilling company Seadrill Partners said that it has received early termination notice from BP for the semisubmersible West Capricorn about three months ahead of schedule.According to Seadrill’s latest fleet status report…

Current News

ROVOP Opens Rotterdam Office

Newpark Eyes Deepwater Opportunities

BMT Unveils New Vessel Designs

Engie, EDP to Form 50-50 Offshore Wind JV

Equinor Dishes $80 Mln Johan Sverdrup Contract

Petrobras Eyes $9 Bln Transfer-of-rights Addendum

Sonardyne Acquires EIVA

FLNG Satu Achieves First LNG at Kebabangan

Interview: Aaron Smith, President & CEO, OMSA

Sif Wins Borssele V Monopiles Deal

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