OneSubsea and its alliance partner, Subsea 7 have won an engineering, procurement, construction and installation (EPCI) contract on Kosmos Energy's Odd Job field in the US Gulf of Mexico.Through the EPCI contract with Kosmos, OneSubsea, the subsea technologies…
ConocoPhillips is exploring a sale of its stake in the Ursa platform and Princess subsea well in the Gulf of Mexico, people familiar with the matter said on Wednesday, in what would mark its exit from deepwater energy production off the U.S…
Shell is exploring a sale of its stakes in two U.S. Gulf of Mexico oil and gas developments which could raise as much as $1.5 billion for the energy major, people familiar with the matter said on Wednesday.Potential divestments of some aging…
Oil and gas company Harbour Energy has completed the drilling of the Timpan-1 exploration well located 150 kilometers offshore Indonesia, encountering 'a material gas accumulation.'The well, in a water depth of 4,245 feet (1293.8 meters). was drilled to a total vertical depth of 13…
Mexican oil and gas company Pemex has signed a letter of intent with the U.S.-based company New Fortress Energy to resume work on a $1.5 billion offshore gas project in Mexico, Pemex Chief Executive Octavio Romero said on Friday.The agreement…
Equinor said on Wednesday it has agreed to sell to Shell a 51% operating stake in the North Platte deepwater development project in the U.S. Gulf of Mexico. Equinor will retain 49% interest in the project, now renamed Sparta.Discovered in 2012 by Cobalt International Energy…
Brazilian oil company Petrobras' management approved on Thursday the sale of its entire stake in the Golfinho and Camarupim deepwater oil fields for up to $75 million to Norway's BW Energy Ltd.The sale is part of Petrobras' strategy to divest assets and focus on more profitable operations…
Norwegian subsea services company DOF Subsea has secured an extension for its four contracts with Petrobras for subsea inspection works in Brazil.DOF said that the extension would call for at least three vessels operating for 18 months, to the…
Italian oil and gas company Eni said Saturday that the first hydrocarbons had been introduced from the Coral South reservoir offshore Mozambique into the Coral South FLNG unit.Eni operates the offshore Area 4 where the Coral South FLNG is located…
Shell's and TotalEnergies' Graff and Venus deepwater discoveries off Namibia have put southern Africa under the exploration spotlight. With deepwater offering high productivity reserves, it's a spotlight that's likely to linger for a few years yet…
Maritime Developments Ltd (MDL) and Jumbo Maritime have completed a deepwater polyester mooring rope installation in the Gulf of Mexico.The project moored a new floating production unit (FPU) at depths of 1,200m (4000ft). The operation was performed…
BP announced it will buy Cenovus Energy's 35% stake in the undeveloped Bay du Nord project in the Flemish Pass offshore Canada's Newfoundland and Labrador.As part of the deal announced on Monday, BP will also sell its 50% non-operated interest…
Rental rates for offshore oil and gas rigs have rocketed higher, boosted by a race to lift production because of the war in Ukraine and a recovery in demand after the COVID-19 pandemic.Drilling companies are in a stronger position to demand…
Colombia's majority state-owned energy company, Ecopetrol, on Wednesday announced an agreement to develop four offshore, deep-water blocks with a subsidiary of U.S. oil major Occidental.The four blocks are located in deep waters some 150 kilometers off Colombia's northern Caribbean coast…
Deepwater Atlas, the world's first 8th generation drillship, was recently named at a ceremony in Singapore. The news of the naming ceremony, held late in April, was shared by Transocean, a drilling contractor that owns the vessel, via social media this week…
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