CNOOC's Weizhou 12-2 phase II project started production, the company announced today (28 November). The Weizhou 12-2 phase II project is in Beibu Gulf in the South China Sea with an average water depth of approximately 35.7m. The project…
Fugro started integrated survey work offshore India for the country’s oil and gas company ONGC, under a three-year contract valued at approximately US$7.7 million. The contract, awarded to Fugro for the third consecutive time, calls…
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…
Mexico’s National Hydrocarbons Commission (CNH) has issued a call for bids for the country’s Round 3, consisting of 35 shallow water areas in the Gulf of Mexico. Image from iStock. The 35 areas cover some 26…
Mexico has signed 10 exploration and extraction contracts with bid round winners from this June's shallow water Round 2.1. Companies signing contracts on Monday (25 September) included Mexico's state owned firm Pemex and its partners Germany's DEA and Colombian operator Ecopetrol…
The US Bureau of Ocean Energy Management (BOEM) has published the draft Environmental Impact Statement (EIS) for Alaska’s manmade island, the Liberty Project, in the Beaufort Sea. Map of Liberty…
Eni has increased its estimate of resources in place at the Amoca field offshore Mexico to 1 billion boe, following a successful appraisal well that is prompting the Italian giant to accelerate its development plan. Map from Eni…
Upon completing the analysis of royalty rates for offshore oil and gas leases, the US Bureau of Ocean Energy Management (BOEM) has decided to lower royalty rates for the Gulf of Mexico Lease Sale 249. BOEM has set the royalty rate at 12…
Mexico is celebrating its successful shallow water round, Round 2.1, which has awarded 10 of 15 blocks in the Gulf of Mexico today (19 June). Image of Juan Carlos Zepeda, kicking off Round 2.1…
Petróleo Brasileiro (Petrobras) has a won a legal battle for the sale of a set of shallow water fields, in the states of Ceará and Sergipe. The Brazilian giant revealed today (25May) that the 3rd Federal District Court of Sergipe dismissed…
NXT Energy Solutions has started work on the first-ever Stress Field Detection (SFD) Multi-Client Survey in the Gulf of Mexico. NXT’s patented SFD Technology has been approved by the Comisión Nacional de Hidrocarburos, (CNH), for work credits by exploration companies in Mexico…
Soil Machine Dynamics Ltd. (SMD) has signed a contract with Van Oord for the manufacture and delivery of a QTrencher 1600. This contract follows the successful deployment of SMD’s QTrencher 1400 on Van Oord’s Gemini Wind Farm. Scheduled for delivery in Q1 2018…
Black Sea Oil & Gas (BSOG) has awarded GSP Offshore a contract to drill two exploration wells in the XV Midia Shallow Block, on the Romanian Black Sea Continental Shelf. The GSP Uranus, from GSP…
The Hoang Long Joint Operating Co. resumed the 2017 Te Giac Trang (TGT) drilling program, offshore Vietnam, according to partner SOCO International. The Te Giac Trang Field of Block 16-1, is in the shallow water Cuu Long Basin, offshore southern Vietnam…
Audrey Leon speaks with Cesar Granados, Mexico country manager at Weatherford, to get the service company’s perspective on Mexico’s newly opened oil and gas industry, and what role Weatherford aims to play in it. A…
