U.S. oil giant Chevron Corp is considering selling its participating interest in the Indonesian Deepwater Development (IDD) gas project, the company said on Friday, as it makes sweeping changes to cut costs and streamline operations. No final decision has yet been made…
French oil major Total has awarded Worley a FEED contract for the North Platte field development in the U.S. Gulf of Mexico.The offshore oilfield project, which marks the return by Total to the GoM as the operator, will be developed using a semi-submersible floating production unit…
Oil and gas exploration firm Edison has reportedly started drilling operations at its North Thekah concession offshore Egypt.According to what appears to be Edison's press release circulated online, Edison started drilling on January 18, 2020 in the Mediterranean Sea block…
Brazil's government is considering an overhaul in the rules for auctions of subsalt oilfields, a senior official told newspaper Valor Economico.Special secretary to the Economy Ministry Waldery Rodrigues told the newspaper the government could…
The first-ever cargo of Guyana's crude for export is scheduled to begin loading this weekend so the oil can be processed at Exxon Mobil's refining system, the company told Reuters on Friday.Exxon has so far made 15 discoveries of oil reserves in Guyana…
Italian oil major Eni and France's Total were among the successful bidders for rights to develop three offshore blocks in Angola out of 10 auctioned late last year, the country's petroleum regulator said on Thursday.Eni and Total won operator…
A London arbitration tribunal has ordered offshore drilling company Pacific Drilling to pay $320 million to Samsung Heavy Industries for a 2015 drillship order cancellation.Pacific Drilling had ordered the Pacific Zonda ultra-deepwater drillship from Samsung in 2013…
Brazilian oil company Petrobras is looking to sell two sets of deepwater concessions offshore Brazil.The company on Wednesday started the opportunity disclosure stage for the sale of its entire stake in the deepwater concessions Golfinho Cluster and Camarupim Cluster…
Senegal could as well be on the way to joining the league of top African oil and gas producers in the next three years after developers of one of the most profound offshore discoveries announced reaching a final investment decision (FID).The Rufisque Offshore…
The offshore oil & gas industry is witnessing the beginning of what could be a new investment cycle as worldwide activity is ramping up.Rystad Energy, the energy research and business intelligence company, said that offshore investments would climb 8% in 2020…
Japanese floating equipment maker Modec Inc is looking to win one or two major platform contracts per year in Brazil as it aims to grow in the country's offshore oil boom, a senior executive told Reuters.A string of contracts in recent years has made Brazil a key market for the firm…
Italian oil and gas company Eni has launched the hull of its Coral Sul FLNG unit at Samsung's Geoje yard in South Korea.Once completed the FLNG unit will be deployed over Eni's Coral reservoir in Area 4 offshore Mozambique and will be used to…
French oil company Total will drill the deepest offshore well by water depth using the Maersk Voyager drillship owned by Maersk Drilling.The Danish offshore drilling contractor said Tuesday that, based on the conditional letter of award previously announced in the third quarter of 2019…
The Netherlands-based SBM Offshore said the Liza Unity floating production, storage and offloading unit (FPSO) hull has arrived in Singapore for topsides integration work ahead of planned startup for client ExxonMobil offshore Guyana in 2022…
With the Argos semisubmersible due to begin production from BP’s Mad Dog field in late 2021, the drilling team needed to ensure the drilling campaign stayed on schedule.BP did this by dedicating and integrating experienced drilling engineers and geoscientists to plan…
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