Just like other oil and gas provinces, the global deepwater industry is adjusting to the new normal of low oil prices. However, that adjustment has not been as quick or granular as the response of US tight oil to OPEC’s 2014 decision not to cut production…
Stone Energy Corp. spud a well at the Rampart Deep prospect in the Gulf of Mexico last week (3 June) with a recently warm stacked Transocean drillship. Deepwater Asgard. Image from Transocean…
Pemex plans to accelerate its farm-out strategy in a move to increase production, and gain access to the latest technology, the company’s CEO José Antonio González Anaya said at the Mexican Petroleum Congress 2017 yesterday (8 June). González…
The Bureau of Ocean Energy Management (BOEM) is funding and participating in a federal research partnership that has launched an intensive three-year program to improve assessment studies of protected marine species in the Gulf of Mexico…
DOF Subsea North America has received an extension of the charter of the Harvey Deep Sea multipurpose service vessel (MPSV) until the end of 2018, plus two one-year options. Harvey Deep Sea. Image from DOF…
Deepwater is ready for a comeback. Operators at this year’s Offshore Technology Conference sang the praises of a new below US$50/bbl world. Audrey Leon reports. Image of Mad Dog in 2013. Image from BP…
Otto Energy has entered into binding agreements to raise US$8.2 million to develop the company’s oil project in the South Marsh Island 71 license (SM-71) in the Gulf of Mexico. Map of SM-71, from Otto…
President Trump wants to take away the Gulf of Mexico Energy Security Act (GOMESA) payments from four coastal states in the Department of Interior’s (DOI) proposed US$11.7 billion budget for 2018. Trump…
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…
Wood Group has signed a 10-year master services agreement (MSA) with Chevron that allows them to deliver conceptual engineering, pre-front-end engineering design (pre-FEED), FEED, detailed design and procurement services in multiple locations…
Oceaneering International will support the design, fabrication and installation of ancillary flowline hardware at Royal Dutch Shell’s Appomattox development in the Gulf of Mexico. Under the contract, Oceaneering will procure and install pre-lay and post-lay crossing mattresses…
LQT Industries has been awarded multiple Gulf of Mexico projects including aluminum accommodation rental packages, construction, and refurbishment projects. LQT is providing aluminum accommodation packages for major oil and gas operators on two separate offshore platforms…
Gulf of Mexico operators BP and Murphy Oil sing the praises of a new below US$50/bbl breakeven world at this year’s OTC Houston. Audrey Leon reports. Image of Morrison presenting at OTC. Images from OTC…
Cobalt International Energy has opened a data room for its deepwater US Gulf of Mexico North Platte field as it announced the latest appraisal well drilling results on the field. Cobalt, which says the field, with an estimated 500-800 MMbbl resource range…
In this video, Weatherford shows the benefits of the company’s RipTide RFID (radio-frequency identification) drilling reamer that can be enhanced with the ReamSync borehole enlargement performance system—a three-tiered process that combines dull grading analysis…
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