Statoil made two oil discoveries in the Bay du Nord area during its 19-month exploration drilling program offshore Newfoundland, which the company is estimating the finds to possibly be in the lower end of the anticipated volume range. Map…
Brazil’s National Petroleum Agency (ANP) granted a 27-year extension to Petróleo Brasileiro (Petrobras) for two concession contracts in the Campos basin, offshore Brazil that will lead to the drilling of 10 new wells. Image from Petrobras…
Quest Offshore assesses the drilling, subsea, and marine construction dynamics affecting of one of the world’s pre-eminent deepwater basins amid the downturn. The Gulf of Mexico has long been a region of critical importance to the global deepwater industry…
Remaining competitive through the downturn is a tall order for some. Caitlin Shaw, of Quest Offshore Resources, examines how the exploration, drilling and subsea segments are expected to fare through 2017. The…
Cyprus-based Ocean Rig has stepped in to buy the sixth generation ultra-deepwater (UDW) drillship Cerrado, which once drilled the giant Libra prospect offshore Brazil, following its owner Brazil-based Schahin Group bankruptcy declaration last April…
While Ensco adds two more rigs to its cold-stacked list, the rig provider sold one of its semisubmersibles for US$1 million. The Houston-based company has also seen several of its contracts shortened. Image from Ensco…
Italian major Eni has found what could be the biggest gas deposit in the Mediterranean and the company is eager to develop it. Jerry Lee reports. Egypt Nile Delta. The Zohr discovery, in the Shorouk block…
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…
The floating rig market is preparing for the most challenging year ahead. Leslie Cook, of Quest Offshore, explains. Noble Corp. announced in Q1 it would retire the Noble Discoverer drillship after…
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…
iOG Solutions and eDrilling today announced the formation of a partnership aimed at better serving exploration and production companies operating in the Middle East and India. iOG Solutions and eDrilling has partnered up to provide an…
While depressed commodity prices lend to pessimism, floating production systems are projected to remain an integral component of offshore field development. Quest Offshore analyst Andrew Jackson explains. The…
Norwegian classification and verification outfit DNV GL unveiled an unmanned floating LNG concept, which it thinks could unlock the potential of remote offshore gas fields. DNV GL's Solitude concept…
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…
According to the National Ocean Industries Association (NOIA), there is untapped potential of offshore energy located in the Eastern Gulf of Mexico (GoM) that could greatly benefit the US. That is, if the Eastern GoM were opened to offshore oil and natural gas development…
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