Cobalt International has struck its sixth pre-salt discovery offshore Angola. The firm made a 'significant condensate and gas' discovery on the Zalophus #1 pre-salt exploration well in Block 20 offshore Angola. It is the firm's third discovery on Block 20…
Marathon Oil has agreed to sell its 10% stake in the giant Shenandoah oil discovery in the US Gulf of Mexico as part of a major sell-off of assets. The firm has already sold out most of its major assets in the Gulf of Mexico. In November last year…
Kory Kinney, of IHS, takes a look at some of the projects underway in the US Gulf of Mexico. As we move through 2016, construction activity in the US Gulf of Mexico has begun dwindling…
Backlogs for subsea equipment manufacturers have been historically high in recent years – following record levels of subsea tree orders posted in 2013-2014. The process of working through these backlogs has thus-far cushioned the market against the decline in order activity seen in 2015…
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…
Marathon Oil is to reduce its conventional exploration spending to just US$30 million, down from more than $250 million in 2015 and from more than $500 million in 2014. The firm said exploration activity in 2016 would be limited to existing commitments in the Gulf of Mexico and Gabon…
Anadarko Petroleum posted a full year net loss of nearly US$7 billion, with the anticipation of cutting its initial 2016 budget by some 50%. Mozambique operations. Image from Anadarko. For Q4…
Houston headquartered Marathon Oil has agreed to sell all its operated producing properties in the US Gulf of Mexico and a tranche of non-operated interests for US$205 million. The deal with an undisclosed buyer is said to be part of…
Houston-based ConocoPhillips has made the strategic decision to drop out of its deepwater exploration program by 2017, despite a significant program that the company is executing in 2016. Ekofisk…
Houston-based independent Anadarko Petroleum has made an important gas discovery at the Kronos well, offshore northwest Colombia, in the southern Caribbean. The Bolette Dolphin (pictured, right) drilled the Kronos-1 well, which sits in a frontier deepwater basin in the Fuerte Sur block…
Ultra-HPHT, other technologies advance despite oil price drop, but actual deployment in Gulf of Mexico could slow. Bruce Nichols puts it in perspective. Anadarko’s Lucius Truss Spar, located in 7100ft of water…
Cobalt International's Cameia #3 appraisal well drill stem test offshore Angola has proved more successful than expected, the firm announced (4 November). The results confirm the existence of a large reservoir and support Cobalt’s plan…
ConocoPhillips is dropping out of the Coronado prospect located in Walker Ridge Block 52 in the deepwater Gulf of Mexico. The company was in a joint venture with Anadarko Petroleum Corp. as the operator with, Chevron Corp. and Venari Resources LLC…
Venari Resources LLC announced that it has raised an additional US$1.3 billion of equity commitments, bringing the total raised to $2.4 billion. Map of Shenandoah and Coronado prospects. Image from Anadarko…
Chevron Corp. made a new oil discovery in the Keathley Canyon Block 10 located at the Guadalupe prospect in the deepwater US Gulf of Mexico. Transocean’s Discoverer India. From Chevron. Well No…
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