US supermajor Chevron is set to shave its budget by as much as 36% by next year, as the company approaches the finish line for global construction projects, and sets its sights on increasing production. Jack/St…
Byron Energy's SM-6 #2 well in the South Marsh Island Block 6 in the US Gulf of Mexico has intersected a number of hydrocarbon bearing sands which may result in an increase in reserves estimates for the block, says partner Otto Energy. Otto…
Budget cuts by Mexican national oil company Pemex are having a knock-on impact in the Mexican Gulf of Mexico. Mexico's Cotemar Group, which works for Pemex, has said it will suspend use of Norwegian accommodation vessel provider Prosafe's Safe Regency mid-March…
As ExxonMobil decreases its capital spending budget this year by 25%, the supermajor looks to start up 10 new upstream projects between now and 2017 that will see its production capacity increase. Tillerson…
Anadarko is reducing its capital investments by nearly 50%, and plans to monetize up to US$3 billion of assets, as the company focuses on its offshore assets in the Gulf of Mexico, and off Africa. Mozambique operations…
Most of the news in the rig market is bad, but there are bright spots if you look hard enough. Audrey Leon sets out the details. Image from OE Staff. Not much has changed for…
BSEE has proposed a new well control rule that the agency says will make operating in the Gulf of Mexico safer. But, the industry disagrees, and now it has two studies to prove it. Audrey Leon sets out the detail. At…
Dallas Parker, Gabriel Salinas and Diego Perez, of law firm Mayer Brown, assess the terms of Mexico’s phase four bid round to be held in 2016. The Mexican National Hydrocarbons Commission…
Henrique Paula, of ABS, explains how data analytics can be used to improve safety, environmental protection, operational efficiency, and profitability in emerging energy markets such as Mexico. One of the most promising and legitimate…
The need to innovate, collaborate and standardize existed well before the downturn, and not least in Norway. Elaine Maslin sets out how Transmark Subsea has been doing all three. Work on Murene at Transmark’s facility near Bergen…
DNV GL’s Santhosh Mony, Eckhard Hinrichsen, and Pedram Fanailoo offer the regulatory perspective on offshore risk management. Photo from DNV GL. Mexico is recognized as one of the top 10 oil producers of the world…
35 offshore projects and 100 rig years have slipped after the oil price collapse. Oddmund Føre, Analyst, Rystad Energy, explains. The market for oilfield services is hurting and offshore drilling is no exception. The global market for…
Heather Saucier examines the potential of deepwater plays to be auctioned in Mexico’s next offshore round, including the most prized area in the Perdido Fold Belt. Shell’s deepwater Perdido spar in the US Gulf of Mexico…
Despite the ongoing bribery investigations, Petrobras is ploughing ahead with new FPSOs. Pietro Ferreira, of the Energy Industries Council, outlines current contracting activity in Brazil and in Mexico. Ferreira…
In the Gulf of Mexico, Chevron is putting its focus on its deepwater assets, and is on the fast-track to sell its shelf assets in the area, as the company looks to divest up to US$10 billion in the next two years. Big Foot…
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