C-Innovation (C-I) and Grand Isle Shipyard, LLC (GIS) have been awarded a plug and abandonment contract by Helix Alliance Decom, LLC to provide pre-feed services for the decommissioning of three offshore platforms for a major deepwater client…
U.S. offshore oil producers on Tuesday were keeping a wary eye on Hurricane Ian's track as the powerful storm shut-in at least 480,000 barrels of oil production as it heads toward Florida.The hurricane entered the U.S. Gulf of Mexico on Tuesday and is forecast to become a dangerous…
Oilfield services giant TechnipFMC said Wednesday it had secured a significant contract with the oil major TotalEnergies for its Lapa North East field in the pre-salt Santos Basin offshore Brazil. For TechnipFMC, a “significant” contract is between $75 million and $250 million…
Mexico's oil regulator and state company Pemex are at odds over how to develop a deepwater natural gas project, eight people close to the matter said, threatening to stall a $1.5 billion energy venture.Officials at regulator National Hydrocarbons…
U.S. oil and gas firm Hess Corp says first oil began flowing last month from a Shell-operated Llano-6 well in the U.S. Gulf of Mexico, a project for which it owns a 50% stake. Hess, best known for its 30% interest in the Exxon Mobil-operated Guyana offshore oil and gas development…
International oil major Shell has, together with Malaysia's Petronas, reached a final investment decision (FID) to develop the Rosmari-Marjoram deepwater sour gas fields, discovered in 2014, offshore Bintulu, Sarawak, Malaysia.Shell,which is the operator of the project with an 80 percent stake…
Oil discoveries by TotalEnergies and Shell off the coast of Namibia could start production in four years, Namibia Energy Minister Tom Alweendo said at a conference in Dakar on Thursday.Alweendo said Namibia had agreed with the companies that they should start production as fast as possible…
Four major oil companies have agreed to end U.S. lawsuits that together sought to enforce multi-billion dollar arbitration awards against Nigeria's state-owned oil company, after reaching new deepwater oil production sharing agreements.Two federal judges on Aug…
Indian oil explorer and producer Oil and Natural Gas Corp said on Wednesday it signed a Heads of Agreement (HoA) with global petroleum giant ExxonMobil Corp for deepwater exploration in the country's East and West coasts.The two oil explorers…
Brazil's Petrobras said on Tuesday it has started the process of looking for bidders for a 40% stake in two exploration oil concessions in the Potiguar Basin's deepwaters.Petroleo Brasileiro, as the company is formally known, owns 100% of the…
Nigeria's state-owned oil firm NNPC Ltd on Friday renewed oil production sharing agreements with international majors and local firms for five deepwater blocks that officials said could produce up to 10 billion barrels over the next 20 years…
38 high-impact exploration wells were drilled in the first half of 2022, similar to the same period in 2021 when 39 wells completed, says industry analysts Westwood Global Energy Group. The 38 wells resulted in 13 potentially commercial discoveries at a 34% commercial success rate…
Offshore drilling contractor Transocean on Monday reported it has secured contracts for two of its ultra-deepwater drillships.The company said its Deepwater Conqueror has been awarded a two-year contract by a major operator for work in the U…
Oilfield services firm TechnipFMC announced it has been awarded a contract by ExxonMobil affiliate Esso Exploration and Production Guyana Limited for the Gas to Energy Project in Guyana.Subject to final project sanction, TechnipFMC will provide engineering…
Services firm Bilfinger on Monday announced it has been awarded a multimillion dollar annual contract for the routine mechanical maintenance scope for Shell‘s oil and gas platforms in the Gulf of Mexico (GOM). The industrial services provider…
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