The government of India approved a natural gas pricing system for gas produced from high pressure high temperature, deepwater and ultra deepwater areas that could attract substantial investment in the country’s upstream sector, as well as generate job opportunities…
Douglas-Westwood (DW) forecasts deepwater expenditure to total US$137 billion from 2016-2020. This represents a 35% decline compared to DW’s previous edition of the deepwater forecast issued March 2015. The prolonged low oil price has impacted the deepwater market…
The Prof. John Atta Mills floating production, storage and offloading vessel has arrived at the TEN project offshore Ghana, after a five week voyage from Singapore. TEN field operator Tullow Oil said first oil from the development is on track for July/August…
Ratings house Moody's issued a damning report on the health of some of the industry's top offshore drillers following a review. Out of six US offshore drilling companies, it has downgraded two by three notches, three companies' ratings…
For subsea separation and produced water re-injection or discharge to really take hold, technology gaps in subsea water quality measurement must be closed. Progress is being made, says NEL’s Ming Yang. Marlim Subsea Separation System…
Dallas Parker, Gabriel Salinas and Diego Perez, of law firm Mayer Brown, assess the terms of Mexico’s phase four bid round to be held in 2016. The Mexican National Hydrocarbons Commission…
Brazil and Mexico are not the only games in town in Latin America. The deepest water well ever drilled is lined up for offshore Uruguay and Exxon is set to test Liza offshore Guyana. Elaine Maslin reports. The newly minted Maersk Venturer drillship…
The floating rig market is preparing for the most challenging year ahead. Leslie Cook, of Quest Offshore, explains. Noble Corp. announced in Q1 it would retire the Noble Discoverer drillship after…
Heather Saucier examines the potential of deepwater plays to be auctioned in Mexico’s next offshore round, including the most prized area in the Perdido Fold Belt. Shell’s deepwater Perdido spar in the US Gulf of Mexico…
DNV GL’s Santhosh Mony, Eckhard Hinrichsen, and Pedram Fanailoo offer the regulatory perspective on offshore risk management. Photo from DNV GL. Mexico is recognized as one of the top 10 oil producers of the world…
China's CNOOC has laid claim to the the country's first ultra-deepwater gas discovery in the northwestern part of the South China Sea. The Lingshui 18-1-1 exploration was drilled in 1688m (5538ft) water depth and has been certified as a discovery by the Ministry of Land & Resources…
The government of Sri Lanka gas signed a joint study agreement (JSA) with French major Total covering two ultra-deep exploration blocks offshore its east coast. The study's objective is to explore the two offshore blocks (JS5 and JS6) for hydrocarbons…
Italian oil major Eni has completed its first appraisal well on the giant Zohr gas discovery in the deep water Shorouk block offshore Egypt. The firm, which is now preparing for a well test, says the latest well on Zohr confirms the Zohr…
Subsea 7 has won an engineering, procurement, installation and pre-commissioning contract on BP's deepwater West Nile Delta project, offshore Egypt. The contract covers the subsea infrastructure for 12 wells on the Giza, Fayoum and Raven…
Current oil prices does little to support exploration and expanding developments. However, keeping an eye on the future, sub-saharan African nations show promise. Western African countries, such as Nigeria, have already seen the benefits…
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