Oil major BP is to enter the 'emerging world-class hydrocarbon basin' offshore Senegal and Mauritania, with three exploration wells planned starting in 2017, leading to a new LNG hub, after agreeing a deal with independent Kosmos Energy. BP…
US deepwater player Anadarko has completed a deal to buy Freeport-McMoRan Oil & Gas deepwater Gulf of Mexico assets and announced two new Gulf of Mexico finds: Warrior and Phobos. Anadarko said the two finds highlighted the value of its…
Chevron has canceled a US$1.8 billion floating production and storage offloading (FPSO) newbuild order with Hyundai Heavy Industries (HHI) that was destined for the supermajor’s Rosebank deepwater project in the North Sea. Illustration of the FPSO…
First oil has been achieved from Shell's deepwater Malikai field, offshore Sabah, Malaysia. The project is Shell's second deepwater project offshore Malaysia, and its first tension leg platform (TLP) in the country, following Gumusut-Kakap…
A new study by Wood Mackenzie on what to expect from global oil and gas exploration in the year ahead, Global Exploration: What to look for in 2017, shows that exploration should return to profitability in 2017, after five years of only single-digit returns…
Russia's Rosneft is to take a 30% stake in the Shourouk Concession, offshore Egypt, containing the supergiant Zohr gas field. Rosneft will pay operator Eni US$1.125 million and a share of past expenditures, which amount so far at about $450 million…
In this video, BP shows an overview of its recently sanctioned Mad Dog Phase 2 project. The supermajor sanctioned the US$9 billion Mad Dog Phase 2 project in the Gulf of Mexico on 1 December, with the anticipation of first production set to start in late-2021…
Japan's Mitsui & Co. has reached an agreement with Shell to acquire 20% working interest in the supermajor's 100%-operated Kaikias and Circius fields in the US Gulf of Mexico, the firm announced on 5 December. The two fields sit in four blocks (MC-767…
The Subsea Integration Alliance (a collaboration between Schlumberger, OneSubsea, and Subsea 7) has been awarded a deepwater integrated subsea engineering, procurement, construction, installation and commissioning (EPCIC) multiphase boosting…
Mexico's highly anticipated deepwater bidding round, Round 1.4, in Mexico City resulted in eight of the 10 deepwater blocks in the Gulf of Mexico awarded. Evaluating submitted bids. OE…
Audrey Leon speaks with California-based Materia about a resin the firm hopes will make waves for subsea thermal insulation and other deepwater buoyancy applications. Proxima thermoset norbornene resins create composites…
BP has sanctioned the US$9 billion Mad Dog Phase 2 project in the Gulf of Mexico, with first production set to start in late-2021. Illustration of Mad Dog 2, from BP. The UK supermajor’s…
India plans to invest US$20 billion in deepwater natural gas development in the next five to seven years, the country’s Oil Minister Dharmendra Pradhan said this week, according to news reports. Image from India's Ministry of Petroleum and Natural Gas…
For the offshore oilfield equipment and services industries, 2016 was a difficult year. Douglas Westwood’s Joel Hancock looks forward to see if there is a light at the end of the tunnel. The Maersk…
John Sheehan reports from French cables group Nexans’ technology round table, and finds how the firm is staying afloat during the downturn. Nexans’ Skagerrak installation vessel. Photo from Nexans…
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