Offshore Engineer Deepwater News

 

Qatar Petroleum Enters Guyana

Jul 29, 2019

Qatar Petroleum has entered into an agreement with Total for a share of exploration and production rights in two blocks offshore Guyana in Latin America.Under the agreement, which is subject to customary regulatory approvals by the government of Guyana…

INPEX Acquires Interests in GoM

Jul 26, 2019

Japanese oil company INPEX announced it has acquired interests in a group of offshore blocks in the southern part of the US Gulf of Mexico.The firm said in a press release on Friday that its subsidiary INPEX US Offshore, LLC has reached an agreement…

Petrobras Reports Higher Q2 Production

Jul 26, 2019

Brazilian state-run oil firm Petroleo Brasileiro SA posted a modest production boost in the second quarter, but failed to live up to market expectations, sending shares down over 2% in morning trade.In an early Friday securities filing, Petrobras…

Nigeria State Oil Firm Withholds Eni Payments

Jul 25, 2019

Nigeria's state oil firm said on Wednesday it had suspended cash call repayments to Eni for three months and did not plan to renew some of the Italian firm's asset licences.The Nigerian National Petroleum Corporation (NNPC) owes billions of dollars to international oil companies…

BP Inks JOA for Gambia Offshore Block

Jul 25, 2019

BP has signed an agreement with Gambia's national oil company to jointly operate the disputed deepwater Block A1 License offshore the West African country.In April, Gambia said it awarded BP the A1 block, one of two that the government had taken…

Eni Finds More Oil Offshore Angola

Jul 25, 2019

Italy's Eni reported good results in its first appraisal well of the Agogo discovery in Block 15/06, offshore Angola.The Agogo-2 well results confirm 650 million barrels of oil in place at the Agogo field and indicate further upside in its northern…

Tullow Enters Comoros Offshore

Jul 25, 2019

Multinational oil and gas exploration company Tullow Oil plc will in the next two months launch a bid to acquire 3,000 square kilometers 3D seismic survey after the firm successfully completed its entry into the Africa’s east coast volcanic archipelago of Comoros…

A Boost for Africa’s P&A Market

Jul 18, 2019

Despite Africa not being a top contender in the global decommissioning market, the region holds huge potential for growth as more offshore old and gas fields mature while some of the newly drilled ones turn dry.The region’s top oil and gas producers such as Angola…

US Offshore Oil Production Down 19% after Barry

Jul 18, 2019

U.S. Gulf of Mexico offshore crude oil production and natural gas output both remained cut by 19% on Thursday because of shutdowns forced by Tropical Storm Barry, the U.S. government said.That equals 335,000 barrels per day of crude oil and…

US Gulf Production Restarting After Barry

Jul 15, 2019

U.S. oil companies on Monday began restoring some of the more than nearly 74% production shut at U.S. Gulf of Mexico platforms ahead of Hurricane Barry, the U.S. offshore drilling regulator said.There was 1.3 million barrels per day (bpd) of oil production off line in the U…

Storm Cut 73% of US Offshore Production

Jul 14, 2019

Tropical Storm Barry has cut 73%, or 1.38 million barrels per day (bpd), of crude oil production in the U.S.-regulated areas of the Gulf of Mexico, the U.S. Bureau of Safety and Environmental Enforcement (BSEE) said on Sunday.Natural gas output from the northern Gulf of Mexico is down 62%…

Deepwater Leads in Discovered Oil and Gas

Jul 12, 2019

Half of the 6.7 billion barrels of oil equivalent (boe) new conventional oil and gas discoveries in the first half of 2019 were deepwater finds, signalling a return for explorers to high-risk frontier deepwater plays, said analyst Rystad Energy…

With New Boss, It's Time NNPC Walked the Talk

Jul 11, 2019

Nigeria has a new face at the helm of the country’s petroleum industry regulator, and already he has announced ambitious targets for the next five years. Achieving these goals will have to rely partly on how much investment can be attracted…

Storm Forces US Gulf Platform Evacuations

Jul 10, 2019

Exxon Mobil Corp and Anadarko Petroleum Corp on Wednesday joined several other U.S. oil producers withdrawing staff from deepwater platforms in the U.S. Gulf of Mexico as what could be a major storm gathered.The withdrawals helped push U.S. oil futures up 3…

Multi-pronged Brazil Effort Paying off for Norwegians

Jul 08, 2019

After painstakingly plying Petrobras for years, Norway’s offshore supplier-contractors and their halo of sub-suppliers are again earning big Brazilian orders en masse, as the BRIC country’s untapped reserves compel the national oil company to buy — and borrow — Norwegian…

Current News

Ashtead Supports Subsea Template Installs

Ashtead Supports Subsea Template Installs

Norway Mulls Blocking Prosafe's Floatel Acquisition

Norway Mulls Blocking Prosafe's Floatel Acquisition

Connector Subsea Solutions Acquires MORGRIP

Connector Subsea Solutions Acquires MORGRIP

CannSeal Debuts Mobile Mixer Technology

CannSeal Debuts Mobile Mixer Technology

Oil Soars 10%

Oil Soars 10%

Tullow to Drill at Least 3 New Guyana Wells in 2020

Tullow to Drill at Least 3 New Guyana Wells in 2020

ExxonMobil Reports Discovery Offshore Guyana

ExxonMobil Reports Discovery Offshore Guyana

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