Offshore Shallow Water News

Petrobras to Mothball Offshore Platform to Cut Costs

Aug 07, 2020

Brazilian oil and gas company Petrobras has said it will mothball its Merluza platform (PMLZ-1) in shallow waters in the Santos Basin.'The platform’s production had already been interrupted since March 2020, with the abrupt drop of demand for natural gas…

Petrobras: Binding Phase Starts for Tartaruga Field Stake

Aug 07, 2020

Brazilian oil company Petrobras has kicked off the binding phase for the sale of its entire stake in the Tartaruga field, in the shallow waters of the Sergipe-Alagoas Basin, offshore Brazil.Petrobras had late in June 2020 announced the intention…

Eni Makes Gas Discovery Offshore Egypt

Jul 28, 2020

Italian oil and gas giant Eni, along with partners Total and BP, has made a gas discovery in the Mediterranean Sea, offshore Egpyt.The discovery was made at the Bashrush well on the Eni-operated North El Hammad license, located eleven kilometers off the Egyptian coast…

Eni Confirms 'Significant Hydrocarbon Accumulation' Offshore Vietnam

Jul 27, 2020

Italian oil and gas company Eni announces an exploration well has confirmed 'a significant hydrocarbon accumulation' on the Ken Bau discovery offshore Vietnam, further expanding its potential.The exploration well Ken Bau-2X, located in Block 114…

Byron Set to Tie SM58 G1 Well to GoM Platform. Production to Start in September

Jul 24, 2020

U.S. Gulf of Mexico-focused oil and gas company has informed that the Enterprise 264 jack-up rig has moved to a location near its SM58G platform offshore Louisiana.The drilling rig was last week moved to its recently installed South Marsh Island 58 G location…

Israel: Tamar Offshore Gas Field to Start Paying Taxes on Profit in 2021

Jul 23, 2020

Delek Drilling said on Wednesday the partners in the Tamar natural gas site will start paying taxes on profit in early 2021, which could help Israel move forward with plans to create a sovereign wealth fund.Prime Minister Benjamin Netanyahu…

Double Offshore Drilling Go-Ahead for Aker BP

Jul 22, 2020

The Norwegian authorities on Wednesday granted oil company Aker BP consents to use the Maersk Integrator and Deepsea Nordkapp drilling rigs at the Ivar Aasen and Alvheim fields, respectively.At the Ivar Aasen field in the North Sea, Aker BP…

Coronavirus Outbreaks Hit Petrobras' Quarterly Output

Jul 21, 2020

Coronavirus outbreaks at a number of platforms operated by Brazil's Petrobras hit production in the second quarter, the company said on Tuesday, though the firm indicated output may improve in certain regions.In a securities filing, Petroleo Brasileiro SA…

Maersk Drilling Wins More Jack-Up Rig Work with Aker BP

Jul 20, 2020

Denmark-based offshore drilling company Maersk Drilling has secured an additional one-well contract from Aker BP for its jack-up rig Maersk Integrator. In direct continuation of its current work scope, the rig - which Maersk Drilling says is…

Twinza, PNG Gov't in Talks over Fiscal Terms for Offshore Field Development

Jul 17, 2020

Oil and gas company Twinza has started negotiations with the Papua New Guinea authorities regarding the fiscal terms that will apply to the proposed development of the Pasca A gas-condensate offshore field.The shallow water field in the Gulf of Papua was discovered in 1968 but was never developed…

Petrobras Completes Sale of Ten Offshore Fields to Trident Energy

Jul 16, 2020

Brazilian oil company Petrobras has wrapped up the sale of its entire stake in the ten offshore fields that comprise the Pampo and Enchova Clusters to Trident Energy. The fields are located in shallow water in the Campos Basin in the state of Rio de Janeiro…

Cathie, Global Maritime Team Up to Offer Jack-Up Consultancy Services

Jul 13, 2020

Offshore geoscience and geotechnical engineering consultancy, Cathie has teamed up with marine, offshore and engineering consultancy, Global Maritime in the sphere of jack-up rig services.More specifically, the duo promises to offer a 'holistic'…

Petrobras Sells Three Shallow Water Fields in Potiguar Basin, Brazil

Jul 10, 2020

Brazil's Petrobras has said it has signed an agreement to sell its entire stake in three offshore oil fields in Potiguar Basin to Ouro Preto for $1.5 million.The fields in question are the Pescada, Arabaiana, and Dentão fields located in shallow waters of the Potiguar Basin (Pescada Cluster)…

Aker BP Cleared to Drill Hod Pilot Hole with Maersk Jack-Up

Jul 09, 2020

Aker BP has received consent to use the Maersk Invincible jack-up rig to drill a pilot hole on the Hod field, offshore Norway.The consent for the use of the Maersk Drilling-owned jack-up was granted this week by the Petroleum Safety Authority Norway…

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