Offshore Deepwater News - page 8

 

Petrobras Formally Approves AFGlobal ACD

Dec 09, 2019

AFGlobal announced on Monday that its Active Control Device (ACD) has been approved by Petrobras for use on its wells in Brazil. This approval follows rigorous testing review at the AFGlobal’s Advanced Technology Center in Houston, the company said…

US Gulf: Infrastructure-led Exploration

Dec 08, 2019

2019 has seen greenfield prospects in the US Gulf of Mexico return to the forefront of upstream planning. Chevron is pursuing the 20,000 psi Anchor project while Shell intends to replicate the Vito semi-sub to develop its Whale discovery. Meanwhile…

Fugro Completes Deepwater AUV Survey for BSP

Dec 06, 2019

Fugro reports it has completed the first deepwater autonomous underwater vehicle (AUV) site survey for Brunei Shell Petroleum Company Sdn Bhd (BSP).The survey was performed in August in water depths of 600 m using the Fugro Equator, a dedicated geophysical survey vessel…

Oil Companies Swap Stakes in Mexico

Dec 05, 2019

With Mexico's government insisting that energy companies increase oil and gas output before it auctions off more of the country's vast reserves or offers more partnerships with state-run Pemex, firms ranging from foreign majors to local players are scrambling to buy and sell blocks they already own…

Semco Maritime to Upgrade Odfjell Rig

Dec 04, 2019

Odfjell Drilling and Semco Maritime signed a contract for preparation and modification of Deepsea Stavanger rig prior to its start of a nine-month drilling campaign for Total in the harsh waters outside South Africa.The semi-submersible rig…

OMV Petrom Ready to Develop Black Sea Gas Field

Dec 02, 2019

Romania's OMV Petrom is ready to press on with a multibillion euro investment in the giant Black Sea gas project it holds with ExxonMobil once Bucharest's new government lifts regulatory barriers to doing so, it said on Monday.A final investment…

Petrobras Trims 2020 Production Target

Nov 28, 2019

Brazilian oil company Petroleo Brasileiro SA on Thursday trimmed its oil and gas production outlook for next year, weighing on its shares despite more ambitious long-term output forecasts in its new five-year strategic plan.Petrobras, as the state-run firm is known…

ONE-Dyas Rights in Gabon Extended

Nov 27, 2019

Oil and gas company, ONE-Dyas, a joint venture between Oranje-Nassau Energie B.V. (ONE) and SHV Holdings that owns Dyas, has its quest for an extension of its upstream investment programme offshore Gabon approved for its offshore Kowe project…

U.S. Needs to Revive Shallow-Water GoM E&P

Nov 24, 2019

The US should define the Gulf of Mexico Shallow Water Province as a distinct entity to avoid stranding more than $20 billion of its oil and gas resource, said a new research.According to a research from the Bureau of Safety and Environmental…

GoM Oil Output Set for Record Year

Nov 24, 2019

The U.S. Gulf of Mexico is positioned for another year of record oil production in 2020, despite massive cuts in investment.According to Rystad Energy, most of this growth coming from deep water projects.“2020 is expected to be another record year with average production above 1…

Halliburton Unveils Xtreme Single-Trip Multizone System

Nov 21, 2019

Oilfield services company Halliburton introduced the Xtreme Single-Trip Multizone (XSTMZ) system for completing wells in deepwater and ultra-deepwater conditions up to 15,000-psi, to be used by a major operator in the Gulf of Mexico in 2020…

Comment: DWRRA Helped Spur Modern US Offshore

Nov 21, 2019

NOIA President Erik Milito weighs in after Congressional Democrats introduced the Stop Giving Big Oil Free Money Act, which the lawmakers say will repeal 'a loophole' in the Deepwater Royalty Relief Act of 1995 (DWRRA) that allowed oil and gas…

In Namibia, Eco Atlantic Plots Journey Ahead

Nov 21, 2019

Oil and gas exploration and production company Eco Atlantic appears determined to make a breakthrough in its underexplored Namibian offshore assets after preliminary works in preparation for a deep dive it expects to take in the four offshore permits as early as October next year…

Petrobras Sees Major Deepwater Shift in 2020

Nov 19, 2019

Brazil's state-owned oil firm Petroleo Brasileiro SA expects deep offshore areas to account for 88% of its exploration and production activities next year, up from 55% currently, an executive for the company said on Tuesday.The major shift to…

Enpro Subsea Completes Ghana Campaigns

Nov 19, 2019

Production optimization specialist Enpro Subsea said it has recently completed another two subsea hydraulic intervention campaigns for two operators in West Africa. Operations were conducted from a single multi-services support vessel, which was mobilized out of Takoradi in Ghana…

Current News

OPEC+ Confirms Agreement to Cut 10 Mln BPD in May, June

OPEC+ Confirms Agreement to Cut 10 Mln BPD in May, June

David Roodenburg Takes Over as Huisman CEO

David Roodenburg Takes Over as Huisman CEO

Saudi, Russia Closing in on Record Oil Cut Deal

Saudi, Russia Closing in on Record Oil Cut Deal

OPEC+ Considers Oil Cuts Above 12 Mln BPD

OPEC+ Considers Oil Cuts Above 12 Mln BPD

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