Deepwater ///

Lebanon completes first licensing round

Lebanon reached an important milestone on Oct. 12, which was the deadline set for pre-qualified companies to submit their bids on the open blocks within the country’s first offshore licensing round.

Deepwater rigs sent to junkyard as daily losses mount

Transocean Ltd. is finally sending Pathfinder to its grave, after two years in a Caribbean purgatory that cost about $15,000 a day.

FairfieldNodal sets sail for deeper waters to acquire data for Libra consortium

FairfieldNodal’s project to acquire and process high-resolution 3D marine seismic for the Libra consortium has left port for deeper waters to begin work.

Weatherford wins Repsol Norge AS plug & abandonment contract

Weatherford International plc today announced that it has been awarded a contract for plug and abandonment (P&A) services by Repsol Norge AS. The work will commence in October 2017 and is estimated to be completed over a period of three years.

OEG Offshore announces strategic collaboration with large offshore aviation specialist

OEG Offshore, a leading global provider of Cargo Carrying Units (CCUs) and A60 modules to the oil and gas industry announces a major new strategic collaboration with Harran Limited, the leading offshore aviation refueling services specialist.

Innovative Thinkers

Emily Querubin, World Oil

Dr. Jim Kaculi says he always “had a great desire to learn.”

Churchill Drilling Tools launches dart-less version of its self-filling float

Churchill Drilling Tools, a global oilfield service company specializing in drilling innovation, has seen a growing demand for its technology with a record number of dart activations in August 2017.

BSEE continues to monitor Tropical Storm Nate's activity

Based on data from offshore operator reports submitted as of 11:30 CDT today, personnel have been evacuated from a total of 66 production platforms, 8.96% of the 737 manned platforms in the Gulf of Mexico.

Petrobras notified of ANP's decision on local content in Libra

Petrobras informs that, as operator of the Libra consortium, it has been notified by the National Petroleum, Natural Gas and Biofuels Agency (ANP) of its decision on the consortium´s request for local content exemption for the items and subitems related to the platform subsystem of the Libra Pilot project.

ExxonMobil's Guyana deepwater discovery could total 2 Bbbl, WoodMac says

ExxonMobil's fifth new oil discovery offshore Guyana, proves "that deepwater can still be attractive."

New safety milestone for Anasuria FPSO—three years without lost-time incident

The Anasuria FPSO today achieved three years without a lost-time incident (LTI). The safety milestone follows a recent award from the Royal Society for the Prevention of Accidents (RoSPA), who gave the asset an ‘Order of Distinction’ in celebration of the team’s commitment to occupational health and safety.

Ensco completes acquisition of Atwood Oceanics

Ensco plc today announced the completion of its acquisition of Atwood Oceanics, Inc.

Oilfield debt sells like crude still at $100/bbl

The way energy companies are issuing debt, it feels like spring is in the air —the spring of 2014. Back then, the industry was riding high on $100/bbl oil, and companies were selling mountains of debt to fund ambitious growth strategies.

Europe's biggest oil producer considers new petroleum-tax system based on ‘climate risk’

What is 47 Bbbl in oil and gas really worth in an age where renewable sources are increasingly filling the world’s energy needs? That’s what Norway, western Europe’s biggest oil and gas producer, is asking itself.

Statoil granted permit for wildcat well in central North Sea

The Norwegian Petroleum Directorate has granted Statoil Petroleum AS a drilling permit for well 15/6-14 S, cf. Section 8 of the Resource Management Regulations.

Gulf of Mexico operators evacuating rigs, platforms to prep for Nate, BSEE says

Offshore oil and gas operators in the Gulf of Mexico are evacuating platforms and rigs in preparation for Tropical Storm Nate. The Bureau of Safety and Environmental Enforcement (BSEE) Hurricane Response Team is activated and monitoring the operators’ activities.

ExxonMobil announces fifth discovery offshore Guyana

ExxonMobil today announced it made a fifth new oil discovery after drilling the Turbot-1 well offshore Guyana.

Maersk Drilling reactivates semisubmersible for Southeast Asian market

Semisubmersible Maersk Deliverer has been awarded a new contract by JX Nippon with an estimated duration of 30 days.

Petrofac secures North Sea contract extension with Chevron

Petrofac has secured a contract extension from Chevron North Sea Limited (Chevron) for the provision of engineering services; an agreement it has held since 2014.

Tropical Storm Nate threatens oil rigs as it targets U.S. Gulf of Mexico

Tropical Storm Nate has formed off of Nicaragua, threatening to inundate Central America, shut oil and gas rigs in the Gulf of Mexico and damage cotton and citrus crops across the U.S. South.