Offshore Shallow Water News - page 32


Mexico’s new era

Apr 09, 2015

David Shields provides a glance at Mexico’s energy reform and Round One. Pemex’s Ku-S platform at the Ku Maloob Zaap oil field in the Bay of Campeche. Image from Return To Scene.   Round One…

NOIA on Central GoM lease sale 235

Mar 17, 2015

National Ocean Industries Association (NOIA) President Randall Luthi issued the following statement in advance of tomorrow’s Gulf of Mexico offshore oil and gas lease sale: 'This sale will be interesting due to low oil prices, which just dropped further this week…

Wood Mackenzie analyzes Mexico’s Round One

Mar 11, 2015

New analysis by Wood Mackenzie looks at Mexico's Round One shallow water opportunities, a licensing round that includes nine shallow-water fields with a total of 356 MMboe of 2P reserves. These fields, which have not yet been put into production…

Mexico promises “one-stop shop” for oil-gas safety regulation

Feb 17, 2015

Mexican officials, including the executive director of the Agencia de Seguridad Energia y Ambiente (ASEA), recently outlined Mexico’s reform efforts and highlighted issues on which the country is working including Transboundary field development…

PEMEX slashes budget by 11.5%

Feb 17, 2015

Mexican state oil company, Petróleos Mexicanos (PEMEX) is being forced to decrease its budget by US$4 billion, representing an 11.5% decrease from last year, in order to maintain financial balance due to falling oil prices. Image of Lozoya…

Sterling farms-in to Mauritania

Feb 10, 2015

Sterling Energy has agreed to acquire a 40.5% stake in the shallow water Block C-3 production sharing contract offshore Mauritania from Tullow Oil 's Mauritanian subsidiary. Tullow currently holds a 90% stake in the license with Société…

Nene Marine starts up in record time

Jan 05, 2015

Eni has started production from Nené Marine field, offshore Congo, just eight months after obtaining the production permit and 16 months following the exploration discovery. The 1.5 billion boe field, in Marine XII Block, about 17 km from the coast and in 28m water depth…

Middle Eastern promise

Jan 01, 2015

The shallow waters of the Persian Gulf, also known as the Arabian Gulf, belie the plethora of offshore infrastructure – new and old – in the Middle East. Elaine Maslin probes beneath the waves. In 2005…

Mexico opens Round 1 bidding

Dec 12, 2014

Mexico has opened bidding for oil exploration rights in 14 areas of the Gulf of Mexico to domestic and international companies after upstream oil regulator, Comision Nacional de Hidrobarburos (CNH), this week approved rules for the first part of Bid Round 1…

Addressing the changing needs of the offshore industry

Dec 01, 2014

Bourbon’s Rodolphe Bouchet explains how the company’s new Explorer 500 series shows its commitment to standardization, which offers time and cost savings. The PSV Bourbon Explorer 504 at sea. Photos from Bourbon…

Platform explosion kills 1, injures 3

Nov 21, 2014

One person is dead and three are injured after an explosion at Fieldwood Energy's Echo Platform at West Delta 105 in the US Gulf of Mexico. The Bureau of Safety and Environmental Enforcement (BSEE) said it is currently responding to the incident in cooperation with the US Coast Guard…

Former Pemex CEO weighs in on reform

Nov 18, 2014

Speaking at Tuesday's 2014 Deloitte Oil & Gas Conference in Houston, former Petroleos Mexicanos (Pemex) CEO Dr. Jesus Reyes-Heroles weighed in on the country's historic energy reform. Reyes-Heroles said that he expects the Mexican energy reform to impact the GDP by 4…

Lundin bites dust on Kitabu-1

Nov 18, 2014

Lundin Petroleum’s Kitabu-1 exploration well, in Blocks SB307/SB30, offshore Sabah, Malaysia, came up dry, the Swedish independent announced on 18 November. Lundin said that the primary reservoir interval contained poor quality siltstone…

GlobalData: Mexico ready for Round 1

Nov 06, 2014

While the specific terms of Mexico’s new contractual frameworks for its oil and gas industry are yet to be announced, the regime appears an attractive one and should be conducive to active bidding, according to an analyst with research and consulting firm GlobalData…

Eni makes 1bn Congo oil find

Oct 30, 2014

Eni has made a light oil discovery estimated to contain about 1billion boe in place in the Minsala Marine exploration prospect in shallow waters offshore Congo.  The discovery, in the Marine XII Block, about 35km from shore and 12km from the recent Nené Marine discovery…

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