Offshore Deepwater News

 

MODEC Gets FEED Job for Shell’s Gato do Mato FPSO

Apr 01, 2024

MODEC has secured the Front-End Engineering and Design (FEED) contract for a floating production storage and offloading (FPSO) system for Shell’s Gato do Mato development, offshore Brazil.Gato do Mato FPSO will be moored at a water depth of approximately 2,000 meters, some 250 kilometers off the coast of Brazil.MODEC will be responsible for the design of the hull and all related topsides facilities for the FPSO…

Enterprise Products Gets Port License for Gulf of Mexico Oil Terminal

Apr 10, 2024

Enterprise Products Partners said on Tuesday it had received a deepwater port license for its Sea Port Oil Terminal (SPOT) in the Gulf of Mexico from an agency of the U.S. Department of Transportation.The project, located near Freeport, Texas…

Argeo Venture to Set Sail to West Africa Under $39M TotalEnergies Deal

Apr 04, 2024

Norwegian offshore services company Argeo has signed a contract with TotalEnergies for deepwater work offshore West Africa.The work will be carried out by Argeo Venture as part of the contract that will occupy the vessel for the remainder of 2024…

Beacon Concludes Divestment in Deepwater Gulf of Mexico Fields

Apr 01, 2024

Texas-based exploration and production company Beacon Offshore Energy has completed the divestment of its non-operated interests in deepwater fields in the Gulf of Mexico.The move is in accordance with a previously executed definitive agreement with GOM 1 Holdings…

LLOG Taps ABL for Marine Warranty Services at Salamanca Project in Gulf of Mexico

Mar 12, 2024

Energy and marine consultancy ABL has been awarded a contract by LLOG Exploration to provide marine warranty survey (MWS) services for the subsea development of the Salamanca project in the U.S. Gulf of Mexico.The Salamanca development project…

Exxon Signals Potential Counter Offer for Hess's Guyana Assets

Mar 06, 2024

Exxon Mobil Corp on Wednesday said it filed a contract arbitration claim disputing Hess Corp's proposed sale of its Guyana oil properties, and suggested it may counter Chevron Corp's pending deal for the assets.The arbitration case seeks to…

Tullow Oil Swings Into Loss, But Eyes Returns After 2025

Mar 06, 2024

Tullow Oil swung into a loss in 2023 after cutting the value of reserves in one of its West African oilfields, as its chief executive said the company would consider shareholder returns after 2025.The London-listed company said on Wednesday it posted a $110 million loss after tax last year…

Helix Secures Deepwater Well Intervention Contract in West Africa

Feb 27, 2024

U.S.-based oil and gas services firm Helix Energy Solutions has been awarded a deepwater well intervention contract award by Esso Exploration and Production Nigeria (Esso) at Erha and Usan fields, offshore Nigeria.The project is expected to…

Exxon Considering Guyana Offshore Gas Production After 2029

Feb 21, 2024

An ExxonMobil-led consortium is considering its first offshore natural gas production in Guyana, close to the country's maritime border with Suriname, an executive at the U.S. oil and gas group said on Wednesday.Exxon, Hess Corp, and CNOO are…

Pioneering Spirit Completes Infield Pipelay Work at BP’s LNG Scheme

Feb 21, 2024

Allseas’ construction vessel Pioneering Spirit has completed the infield pipelay scope for BP’s ultra-deepwater Greater Tortue Ahmeyim (GTA) liquified natural gas project offshore Mauritania and Senegal.Two months after arriving in the field…

Guyana Expects $2.4 Billion in Oil Revenue in 2024 as Output Rises

Jan 16, 2024

Guyana said it expects to receive some $2.1 billion from oil exports and $320 million from royalties this year as crude production continues to rise, an increase from the $1.62 billion received in 2023.The South American nation's gross domestic product is expected to increase by 34…

Pioneering Spirit Kicks Off Pipelay Ops for BP’s LNG Project

Dec 22, 2023

Allseas’ construction vessel Pioneering Spirit has started pipelaying work on BP’s ultra-deepwater Greater Tortue Ahmeyim (GTA) natural gas project offshore Mauritania and Senegal. Allseas’ offshore construction support vessel Oceanic kicked…

Shell Makes FID for Sparta Development in Gulf of Mexico

Dec 20, 2023

Shell Offshore, a U.S. subsidiary of Shell, has reached the Final Investment Decision (FID) for Sparta, a deepwater development in the U.S. Gulf of Mexico. Owned by Shell Offshore (51% operator) and Equinor Gulf of Mexico (49%), Sparta is expected to reach a peak production of approximately 90…

Shell Takes 100% Working Interest in GoM Kaikias Field

Dec 14, 2023

Supermajor Shell reports it now has 100% working interest in the Kaikias field in the U.S. Gulf of Mexico after acquiring a 20% stake from Mitsui's MOEX North America.The field Kaikias, located in the prolific Mars-Ursa basin, approximately 130 miles from the Louisiana coast…

GATE Energy Awarded Woodside Trion FPU Commissioning

Dec 08, 2023

GATE Energy announced it has been awarded the commissioning contract for the Woodside Trion Floating Production Unit (FPU) project by HD Hyundai Heavy Industries Co., Ltd. (HHI). GATE's scope includes pre-commissioning and commissioning planning and execution at HHI's fabrication yard in Ulsan…

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