Offshore Deepwater News - page 5

 

Foreign Players Unlikely to Bid in Brazil -BP Brazil Head

Nov 13, 2019

Foreign oil companies that have not joined Brazil's last two auctions of offshore 'pre-salt' fields are also unlikely to bid next year, BP Plc's Brazil president told newspaper Valor Economico in an interview published on Wednesday.Adriano Bastos argued that…

Japanese Firms in Brazilian FPSO Gig

Nov 12, 2019

Japanese companies have decided to proceed with the deepwater floating production, storage, and offloading system (FPSO) charter project for the Petrobras-operated Búzios pre-salt oil field located offshore Brazil.MODEC, Mitsui & Co., Mitsui O…

Africa Oil States Aim to Lure Investors

Nov 11, 2019

Lower prices and increasing competition for investment are driving many African states to make it easier and cheaper for overseas companies to keep their oil and gas output flowing.From Ghana to Gabon, governments are adjusting terms to lure…

Puma West Drilling Begins

Nov 10, 2019

BP has started drilling the deepwater Puma West prospect in the Green Canyon block in the U.S. Gulf of Mexico.Project partner Talos Energy, which sold an operating inetrest in the project to supermajor BP, said the well is being drilled by the…

Petrobras Has No Interest in Farming out Buzios

Nov 08, 2019

Brazil's state-run oil firm Petrobras, which dominated this week's disappointing offshore oil auctions, has no interest in farming out its Buzios block to be operated by another firm, its head of exploration and production said on Friday.Major…

Repsol Buys Stake in the Monument Prospect

Nov 07, 2019

Repsol will acquire a 20% nonoperated interest in the Monument prospect that oprator Equinor is drilling in the Northwest Walker Ridge area in the deepwater Gulf of Mexico, Equinor said in an announcement on Thursday.The Norwegian energy copany…

Big Oil Stuns Brazil in Back-to-back Auction Flops

Nov 07, 2019

Major global oil firms snubbed a second Brazilian oil auction in a row on Thursday, passing up offshore blocks and forcing officials to reconsider a bidding system that gives a privileged position to state-run Petroleo Brasileiro SA.The only block awarded in Thursday's bidding went to Petrobras…

Huge Brazil Oil Round Disappoints

Nov 06, 2019

A huge Brazilian oil auction, dubbed one of the largest ever, frustrated expectations on Wednesday, as high prices and tepid demand turned the widely awaited tender into an embarrassing miscalculation for the cash-strapped government.Brazil's…

Total to Sell Stake in Nigerian Offshore Block

Nov 06, 2019

Total is seeking to sell its 12.5% stake in a major deepwater oilfield off the coast of Nigeria, industry and banking sources said, in an effort to adjust the energy company's Africa portfolio amid a broad expansion.The stake in Oil Mining Lease (OML) 118…

Five-year Floater Forecast Buoyant: Report

Nov 05, 2019

Orders for floating production vessels, their variants and, by default, a lot of “EPCI” are expected to be higher over the next four years than believed at the end of 2018, says an analysis of business drivers done in November by numbers cruncher…

Sembcorp to Build Whale FPU

Oct 31, 2019

Sembcorp Marine Rigs & Floaters Pte. Ltd. has won a contract from Shell Offshore Inc. to build and integrate the topside and hull of a Floating Production Unit (FPU) for the Whale field in the Gulf of Mexico.The agreement precedes a final investment decision (FID) for the full Whale project…

As Majors Eye Brazil's Deepwater, Smaller Firms Seize Opportunity

Oct 31, 2019

As global oil firms make ever-bigger bets on Brazil's massive deepwater fields in its 'subsalt' area, a swarm of small and mid-sized companies has sprung up to specialize in lower-profile fields that still produce over a third of the country's crude…

Hess Makes Gulf of Mexico Oil Discovery

Oct 29, 2019

Hess Corporation has made an oil discovery at the Esox-1 exploration well located in Mississippi Canyon Block No. 726 in the deepwater Gulf of Mexico, the US-based independent announced on Tuesday.Esox-1 was drilled in 1,405 meters water depth…

CNOOC Orders MacGregor Pull-in System

Oct 29, 2019

MacGregor has received an order from the China National Offshore Oil Corporation (CNOOC) to supply the riser pull-in system for a deepwater floating production unit (FPU) located in the Lingshui 17-2 gas field, offshore China.MacGregor, part of Cargotec…

BP Makes Major Gas Find off Mauritania

Oct 28, 2019

Oil supermajor BP has made a major gas discovery in the Orca-1 exploration well in the BirAllah area offshore Mauritania, partner Kosmos Energy announced on Monday.Located approximately 125 kilometers offshore Mauritania, Orca-1 was drilled in approximately 2…

Current News

Virus Might Slow Travel, But Not Oil Price

Virus Might Slow Travel, But Not Oil Price

Valaris' Critic Joins Board of Directors

Valaris' Critic Joins Board of Directors

SeaBird Clinches Two OBN Surveys in W. Africa

SeaBird Clinches Two OBN Surveys in W. Africa

Eni Charters Vroon PSV for Long-Term P&A Work in UK

Eni Charters Vroon PSV for Long-Term P&A Work in UK

Subscribe for OE Digital E‑News