High hopes are pinned on gas as a transition fuel and there being markets to sell it to in the gas-rich Mediterranean. Elaine Maslin reports. Maersk Discoverer drilling in Egypt's Eastern Med Sea for BP…
GE Oil & Gas has signed a long-term agreement to collaborate with Eni and CNPC consortium EEA on Area 4 offshore Mozambique, including the Coral South floating LNG (FLNG) project. The Coral South FLNG project will be the first deepwater gas development offshore Mozambique…
Statoil’s technology research and development efforts will focus on developing technology to reduce carbon dioxide emissions (CO2) from oil and gas operations, as well as digital solutions, the company reported today (19 June). With ambitious goals both within climate and digitalization…
ExxonMobil and partner Hess have made a final investment decision to proceed with a US$4.4 billion first phase of development of the giant Liza field, in the Stabroek block, offshore Guyana. The firm says it has also had positive results on its latest well on the field…
BP and Reliance Industries Ltd. (RIL) reported Thursday they would spend US$6 billion on three projects to develop deepwater gas resources offshore India that would bring 1 Bcf/d of dry gas production onstream between 2020 to 2022. Image…
Just like other oil and gas provinces, the global deepwater industry is adjusting to the new normal of low oil prices. However, that adjustment has not been as quick or granular as the response of US tight oil to OPEC’s 2014 decision not to cut production…
Total will expand its deepwater exploration and production efforts to Ireland’s offshore after entering options to acquire interests and operatorships in southern Porcupine Basin licenses. Image: Providence…
Fugro Venturer. Image from Fugro. With a maiden voyage that takes her to the deepwaters of Ireland’s Atlantic margin and the far North of the Barents Sea, the Fugro Venturer is the newest of Fugro’s successful purpose-designed…
ExxonMobil has signed a production sharing contract (PSC) with the government of Equatorial Guinea for a deepwater block located 36mi west of the country's capital city, Malabo. Exxon will operate deepwater Block EG-11 with 80% working interest…
Deepwater is ready for a comeback. Operators at this year’s Offshore Technology Conference sang the praises of a new below US$50/bbl world. Audrey Leon reports. Image of Mad Dog in 2013. Image from BP…
2H Offshore is seeking additional participants for its recently launched STREAM (Steel Riser Enhanced Analytics using Measurements) joint industry project (JIP). So far, four major oil and gas operators have agreed to participate in the JIP…
Oceaneering International will support the design, fabrication and installation of ancillary flowline hardware at Royal Dutch Shell’s Appomattox development in the Gulf of Mexico. Under the contract, Oceaneering will procure and install pre-lay and post-lay crossing mattresses…
Total has signed up to explore another deepwater block offshore Mauritania that the French giant says is in a high-potential zone. Image from Total. Total inked an exploration…
Gulf of Mexico operators BP and Murphy Oil sing the praises of a new below US$50/bbl breakeven world at this year’s OTC Houston. Audrey Leon reports. Image of Morrison presenting at OTC. Images from OTC…
In Westwood Global Energy Group’s (WGEG) eighth annual State of Exploration Report, the private equity firm expects a brighter outlook with exploration efficiencies starting to deliver results. The…
Subscribe
