ExxonMobil has further confirmed the potential of the Stabroek block offshore Guyana with a fifth oil discovery in the Turbot-1 well. Stena Carron drillship. Image from Stena Drilling. ExxonMobil…
Keppel Shipyard has won a floating production storage and offloading (FPSO) vessel conversion contract from SBM Offshore for ExxonMoibil's Liza development offshore Guyana. The contract is for the conversion of a very large crude carrier (VLCC) into an FPSO…
Weatherford International and Intel Corp. will collaborate to bring the Internet of Things (IoT) technologies to the oil field. Colin Tait, director of information technology at Weatherford, stood alongside Jonathan Ballon, vice president…
Petrobras has signed a heads of agreement (HoA) with Norway's Statoil to commit to assessing cooperation opportunities aligned with their business strategies relating to deepwater mature fields. The agreement is in continuity with a memorandum of understanding signed in August 2016…
Is deepwater still relevant? Shell thinks so, from optimizing its existing production to new projects. But when will the tap be turned? Elaine Maslin reports. Shell’s Olympus platform. Photo from Shell's Flickr…
Keppel Offshore & Marine's BrasFELS shipyard in Brazil has delivered the Cidade de Campos dos Goytacazes MV29 floating production storage and offloading (FPSO) vessel to MODEC. The FPSO was completed safely, on time and within budget…
ION Geophysical announced an approximate 50% extension to its previously announced program offshore Panama due to strong client interest and prefunding to evaluate offshore Panama in advance of the anticipated license round. The client…
QGEP Participações has completed two separate farm-out agreements, one with ExxonMobil and one with Murphy Oil in the Sergipe Alagoas Basin. The farm-out agreements are for Blocks SEAL-M-351 and SEAL-M-428. Additionally, QGEP and its…
Lloyd’s Register has been tapped for its well management expertise by Ecopetrol Costa Afuera (Ecopetrol Offshore) for offshore exploration drilling operations in Colombia. Ecopetrol Costa Afuera, part of Colombia's state-owned oil company…
Brazil experienced a “historic day in the oil and gas sector” with its 14th Round, as the joint venture of Petrobras and ExxonMobil signed the largest bonus of US$701 million (R$2.24 billion) for a block in the Campos basin. Oddone…
Italian major Eni is pushing forward with its exploration efforts offshore Mexico after drilling its latest successful well and signing three new licenses won during Round 2.1 back in June. The firm also says its preparing a development…
CGG has completed ahead of schedule an 11,500sq km wide-azimuth (WAZ) survey on behalf of Pemex in the deepwater Perdido area. This new survey has been acquired perpendicularly to existing WAZ data and the combined Imaging of this first…
Total has agreed an option agreement with Eco (Atlantic) Oil & Gas to acquire a 25% stake in the Orinduik Block, offshore Guyana, South America. Eco subsidiary Eco Guyana currently holds a 40% working interest in Orinduik, with Tullow Oil…
Renowned for its agriculture and livestock industries, Uruguay has sought to expand its oil and gas exploration and production sector over the past decade. The South American nation hopes that its third offshore licensing round will attract…
LQT Industries has completed the construction and outfitting of two single lift accommodations projects for two oil and gas companies. The first project completed is a three-story new build single lift accommodations facility for a company in South America…
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