Deepwater ///

PetroRio buys Petrobras’ stake in Bijupirá, Salema fields

PetroRio has signed an agreement to acquire 20% of the rights and obligations of the concession contracts for Bijupirá and Salema fields from Petrobras.

BP pays record $18.7 billion to settle Macondo claims

BP Plc will pay a record $18.7 billion to resolve claims by the U.S. and five states along the Gulf of Mexico related to the 2010 oil spill.

Shell moves ahead with deepwater Appomattox development in Gulf of Mexico

THE HAGUE -- Royal Dutch Shell has announced the final investment decision (FID) to advance the Appomattox deepwater development in the Gulf of Mexico. This decision authorizes the construction and installation of Shell’s eighth and largest floating platform in the Gulf of Mexico.

Technip wins contract for FPSO destined for Libra field

Technip has been awarded a topsides detailed engineering and procurement services contract by Jurong Shipyard Pte Ltd.

BP, Anadarko rejected by top U.S. court on Macondo spill fines

The U.S. Supreme Court rejected appeals from BP Plc and Anadarko Petroleum Corp. and left intact a ruling that opens the companies to potentially billions of dollars in fines for the 2010 Gulf of Mexico oil spill.

Logan Industries to supply CCTLF system for Maersk drillship

Logan Industries, based in Hempstead Texas, has recently been awarded with an order for a Compensated Coiled Tubing Lift Frame (CCTLF) for Maersk Drilling. The CCTLF system will be designed and built in-house and is expected to be delivered to Maersk in Q2 2016.

Petrobras lowers five-year spending plan to $130 bn

Petroleo Brasileiro SA cut its five-year spending plan by 37% and lowered oil output targets as Brazil’s state-controlled producer battles the industry’s heaviest debt load and a slump in crude prices.

LLOG awards Otis field subsea tieback contract to McDermott

McDermott International has been awarded a sizeable lump-sum contract by LLOG Exploration Offshore in support of LLOG’s Otis development in the Gulf of Mexico.

Transocean delays two ultra-deepwater drillships

Transocean, the world’s largest offshore driller, has delayed delivery of two ultra-deepwater drillships, the company announced Monday.

Tenaris to supply products and services for Statoil’s Mariner Project

Statoil has awarded Tenaris the contract for the supply of casing, tubing and all related services for the Mariner Project.

Wood Group Kenny secures KPOC pipeline contract

Wood Group Kenny (WGK) will support the Kebabangan Petroleum Operating Company (KPOC) in pipeline engineering and flow assurance engineering studies for the Kamansu East (KME) field offshore Sabah, Malaysia.

CARBO proppant technologies prove worth in deepwater Gulf of Mexico

HOUSTON -- CARBO Ceramics Inc. has announced the successful application of two of its innovative proppant technologies, KRYPTOSPHERE HD and SCALEGUARD, for a major E&P operator in the Gulf of Mexico's Lower Tertiary trend, marking the largest and deepest job for these proprietary technologies to date.

Tropical Storm Bill heads for Texas as oil workers evacuated

Tropical Storm Bill formed in the Gulf of Mexico, leaving Texas bracing for another round of flooding in less than a month.

Ceona names new CEO

Ceona, a SURF contractor with deepwater subsea construction capabilities, has announced that Mark Preece, the company’s executive V.P., commercial and business development, has been appointed as CEO.

Petrobras sets new records for pre-salt production

Petrobras’ pre-salt production in May set two new monthly output records, the company said Friday.

Floater retirements to reach historical high, Rystad says

Rystad Energy’s latest research indicates that 88 units within the floater market will have to be taken out between 2015 and 2017, making it the largest ever retirement cycle in the history of offshore drilling.

Pacific Drilling draws interest as cheap deepwater target

HOUSTON -- Pacific Drilling SA, an offshore oil-rig contractor, is gaining notice as a takeover candidate.

Petrobras finishes investigation of FPSO explosion

Petrobras has completed an analysis of the factors that contributed to the fatal accident on board the Cidade de São Mateus FPSO in February, the company announced Friday.

Chevron completes its largest seismic survey in Aussie oil hunt

Chevron is studying data from its largest-ever seismic survey to decide where to drill for oil in an untapped frontier off southern Australia.

Spectrum kicks off 2D survey offshore Mexico

Spectrum announced Thursday that their vessel has arrived in Mexico and started the acquisition of their Gulf of Mexico 2D campaign, in collaboration with Schlumberger.