At a time when crude oil prices have declined drastically and rig counts are dropping, the chief upstream strategist for IHS offered a hopeful vision for deepwater exploration to OTC delegates.
HOUSTON -- The management of data will emerge as a key component in the future as offshore drilling moves ahead, and must find solutions to the vast amount of it being processed, an industry leader said at an opening session of the 2015 Offshore Technology Conference in Houston, Texas.
Baker Hughes announced the introduction of its Hammerhead system—the industry’s first fully integrated wellhead-to-reservoir ultradeepwater completion and production system— at OTC 2015 on Monday.
Brazil is considering lifting a requirement for its national oil company to operate all new projects in a deepwater region where exploration costs are some of the highest in the industry.
HOUSTON – The 2015 Offshore Technology Conference (OTC) will kick off on Sunday, May 3, with the Annual OTC Dinner to honor the recipients of this year’s Distinguished Achievement Awards.
Subsea Services Alliance has announced the first joint technology project between OneSubsea and Helix to engineer and manufacture a 15,000-psi intervention riser system.
BP has confirmed the start of oil production from the Kizomba Satellites phase 2 development in Block 15, offshore Angola. Operated by Exxon Mobil, the deepwater project is expected to produce around 70,000 bopd at peak.
Petrobras has finished drilling well 3-BRSA-1296-SES, in concession BM-SEAL-10, Block SEAL-M-499, in the ultra-deep waters of the Sergipe basin.
LoneStar Energy Fabrication (LSEF) recently completed work on the $5.1-billion Big Foot drilling platform that is now ready to begin drilling in the Gulf of Mexico.
Emerging Markets Communications (EMC) has signed a definitive merger agreement to acquire MTN Communications (MTN), a leading provider of communications and content for remote locations around the world.
Eni has started production, two weeks ahead of schedule, at Cinguvu oil field, from the West Hub Development Project in Block 15/06 in the Angolan Deep Offshore. The start-up follows the achievement of West Hub’s first oil last November through Sangos field.
Ophir Energy has completed the acquisition of four deepwater Production Sharing Contracts (PSCs) in Indonesia from Niko Resources .
Five years after the Gulf of Mexico oil spill poured millions of barrels of crude into the sea, BP is being challenged over its hunt for oil in the pristine waters off southern Australia.
Kosmos Energy announced Monday that the Tortue-1 exploration well, drilled to test the Tortue West prospect, which forms part of the Greater Tortue Complex, in Block C-8 offshore Mauritania has made a significant, play-opening gas discovery.
Tullow Oil Plc gained in London after a tribunal ruling on a maritime border dispute between Ghana and Ivory Coast allowed an offshore oil project to proceed.
Shell Pipeline Company's Odyssey Pipeline System has successfully transported the first crude oil produced from the LLOG-operated Delta House platform in the Mississippi Canyon protraction area of the Gulf of Mexico.
Applus RTD has been awarded a contract from Heerema Marine Contractors as part of the Kaombo development offshore Angola.
Wood Mackenzie has presented its latest analysis of the competitiveness of Black Sea deepwater developments and the significant Domino discovery, which look set to dramatically influence the region’s gas supply dynamics and corporate landscape, at the annual BBSPA conference in Vienna.
ConocoPhillips has struck out with two exploration wells, one offshore Angola and the other in the Gulf of Mexico, the company announced Wednesday.
As the oil industry takes stock of Royal Dutch Shell’s $70 billion move for BG Group, one company has more to chew on than most.