Deepwater ///

Peru repeals Tullow Oil laws signed as Kuczynski quit presidency

Peru’s President Martin Vizcarra repealed decrees permitting London-based Tullow Oil Plc to begin exploration at five offshore oil blocks, in a move criticized by the industry as creating uncertainty for investors.

Shell reports large deepwater discovery in U.S. Gulf of Mexico

Shell Offshore, Inc. has announced a large deepwater discovery in the Norphlet geologic play in the U.S. Gulf of Mexico with its Dover well (100% Shell).

Azinor Catalyst awarded two licenses in UK government’s 30th offshore licensing round

Azinor Catalyst Limited, the Seacrest Capital Group-backed E&P Company focused on the UK Continental Shelf, has announced that it has been awarded two licenses in the UK government’s 30th offshore licensing round.

API: Oil and gas industry highlights preparedness for upcoming hurricane season

Today, API along with PMAA, AGA, AFPM, INGAA and NOIA highlighted the steps that the natural gas and oil industry is taking to prepare its operations for the upcoming hurricane season and shared lessons learned and examples of the industry’s resilience from past hurricane seasons.

Equinor awarded nine licenses in the UKCS 30th offshore licensing round

Equinor (formerly Statoil) has been awarded nine new licenses in the 30th offshore licensing round, eight as operator, as announced by the Oil and Gas Authority (OGA) today.

Aqualis Offshore secures its first rig inspection deal in the Caspian

Aqualis Offshore has been awarded a one-year service agreement with Petronas Carigali (Turkmenistan) Sdn. Bhd, to conduct drilling rig integrity inspection services for its drilling programs.

Rovco attracts £1.2-million investment to launch live 3D subsea technology

Subsea services company, Rovco is on track to rapidly grow its share of the global subsea market after securing a £1.2-million investment, enabling the firm to launch its advanced live 3D subsea survey system and triple its workforce.

IPAA supports Interior’s efforts to remove regulatory hurdles to offshore safety

Following the publication in the Federal Register of Bureau of Safety and Environmental Enforcement’s (BSEE) proposed revisions to the Blowout Preventer Systems and Well Control Rule, IPAA Senior V.P. of Government Relations and Political Affairs Dan Naatz praised the bureau’s work on revising flawed regulations and advancing safer offshore industry operations.

Eni completes ramp-up of production at Ochigufu field, offshore Angola

Eni has completed the ramp-up of Ochigufu field, in Angola’s deep offshore, reaching the production plateau of 24,000 bpd less than two months from start-up.

Energean receives Class approval for FPSO design for Karish-Tanin

Energean Oil & Gas announced that it has received Class approval from DNV-GL, the global quality assurance body, for the Basic Design of the new-build Floating Production Storage and Offloading (FPSO) that will be deployed at its deepwater Karish-Tanin development, offshore Israel.

Aqualis Offshore secures consultancy services agreement with Maersk Drilling

Maersk Drilling AS has awarded Aqualis Offshore UK Ltd. a global framework agreement for the delivery of offshore consultancy services and specific supplier personnel services.

Rystad Energy says 100 new offshore projects to be sanctioned this year

The current tailwind in the oil market is likely to propel 100 new offshore projects to be sanctioned in 2018, according to Rystad Energy. This compares to only 60 projects in 2017 and below 40 in 2016, as shown in the latest Oilfield Service Report by Rystad Energy.

Total to boost exploration efforts in South Africa as fuel network grows

French energy giant Total SA plans to boost oil exploration and open more fuel stations in Africa’s most industrialized country.

InterMoor launches acoustic release mooring connectors

InterMoor, a leading provider of mooring services, foundation solutions and offshore installations in subsea services group Acteon, has announced the market introduction of its new Inter-M Release mooring connector.

BP surges to 2010 high as analysts rave about beat, cash flow

MOSCOW (Bloomberg) -- BP Plc analysts praised results which beat estimates thanks to strength in both the upstream and downstream divisions, helping to send the shares to an almost eight-year high.

As oil hits $75, Shell wants deepwater costs at $40 or below

The Big Oil playbook has been straightforward for decades: Higher prices mean offshore projects that are further, deeper, more complex than ever before. It’s different this time, according to Royal Dutch Shell Plc.

Hess acquires interest in new acreage offshore Guyana

Hess Corporation has announced that its subsidiary, Hess Guyana (Block B) Exploration Limited, had reached agreement with Esso Exploration and Production Guyana Limited (ExxonMobil) to acquire a 15% participating interest in the Kaieteur Block, offshore Guyana.

Nexans to supply umbilicals for second stage of Mad Dog development

BP has selected Nexans to supply umbilicals for the second stage development of the Mad Dog offshore field in the Gulf of Mexico.

Anadarko lines up enough LNG buyers for Mozambique project

Anadarko Petroleum Corp. said that “in principle” it has enough customers to proceed with its liquefied natural gas project in Mozambique, eight years after making a major deepwater discovery there.

Shell invests in the Vito development in the Gulf of Mexico

Shell Offshore Inc. (Shell), a subsidiary of Royal Dutch Shell plc, today announces the final investment decision for Vito, a deepwater development in the U.S. Gulf of Mexico with a forward-looking, break-even price estimated to be less than $35/bbl.