Deepwater ///

BSEE says offshore oil and gas production contributes to America’s energy future

Oil production from submerged federal lands, the U.S. Outer Continental Shelf, accounted for 72% of all oil production from federal lands in 2016. The Bureau of Safety and Environmental Enforcement pointed to the critical role that the offshore oil and gas industry plays in meeting our country’s energy needs as it marked the start of “Energy Week.”

BP doubles down on deep water, despite surging shale

Seven years after its Deepwater Horizon explosion and oil spill, BP is betting tens of billions of dollars on the prospect that it can slash the costs of offshore drilling by half or more - just as shale oil producers have done onshore.

ITC Global initiates satellite communication on Brazil FPSO fleet following West Africa deployment

ITC Global, a provider of satellite communications to remote and harsh environments, announced today that it has initiated installations to deliver communications services to seven floating production, storage and offloading (FPSO) vessels located offshore Brazil for a leading oil and gas service company.

Abrado sets double-string section milling record on North Sea well

Abrado announced today that it has completed the first double-string section milled window in the North Sea utilizing the proprietary Medusa cutting technology.

Ministry of Petroleum and Energy announces 24th licensing round

The Ministry of Petroleum and Energy (MPE) has announced the 24th licensing round. In this round, 102 blocks/parts of blocks will be announced, divided among nine in the Norwegian Sea and 93 in the Barents Sea.

Cook Inlet Federal Lease Sale yields more than $3 million in high bids

Cook Inlet Lease Sale 244 -- the first lease sale held in Alaska’s federal waters since 2008 -- garnered $3,034,815 in high bids for 14 tracts covering roughly 76,615 acres in Cook Inlet, off south-central Alaska. All bids were submitted by Hilcorp Alaska LLC.

Gulf of Mexico Storm Cindy threatens shipping, crude imports

Tropical Storm Cindy has halted service at a major oil terminal in the Gulf of Mexico, prompted some evacuations at rigs and platforms and put states from Texas to Florida on notice for life-threatening floods.

Stone Energy initiates drilling operations at Rampart Deep Prospect

Stone Energy Corporation has announced that drilling operations on its Rampart Deep Prospect in Mississippi Canyon Block 116 were initiated on June 3, 2017. The Stone generated prospect will be drilled and operated by Deep Gulf Energy III, LLC, and is expected to be tied back to Stone's 100% owned Pompano platform, if successful.

BSEE rule allows industry more development time

A final regulation by the Bureau of Safety and Environmental Enforcement (BSEE) doubles the amount of time offshore oil and gas operators will have to coordinate development operations and retain their leases in federal waters of the U.S. Outer Continental Shelf.

Trump said to mull combining agencies split after Gulf spill

After the 2010 Gulf oil spill, the Obama administration broke the scandal-plagued federal agency that policed offshore drilling into separate bureaus. Now the Trump administration is considering putting it back together again.

CGG delivers final data from Encontrado project over Perdido fold belt

CGG announced today that the final products from its Encontrado multi-client reprocessing project across the Gulf of Mexico’s prolific Perdido fold belt have been delivered on schedule to the Comision Nacional de Hidrocarburos (CNH) and the industry.

Fugro Venturer to commence offshore survey campaign

With a maiden voyage that takes her to the deep waters of Ireland’s Atlantic margin and the far North of the Barents Sea, Fugro Venturer is the newest of Fugro’s successful purpose-designed, standardized survey vessels, originally formulated in 2013.

P&A retrieval operation enhances long-term well integrity

Roar Pedersen, Silje Harestad, Archer

A new plug system is designed to help operators plug and abandon wells more safely, more efficiently, and more economically, by increasing hang-off loads, reducing rig site handling, and enabling pressure testing, both above and below the plug.

Exxon Mobil acquires exploration acreage in Equatorial Guinea

Exxon Mobil Corporation has announced that its wholly owned affiliate, Exploration and Production Equatorial Guinea (Deepwater) Ltd., has signed a production sharing contract with the government of Equatorial Guinea for a deepwater block located 36 mi west of Malabo.

Transocean sells jackup fleet to Borr Drilling for $1.35 billion

Transocean Ltd. has announced that it has completed the previously disclosed transaction to sell its jackup fleet to Borr Drilling Limited for a total consideration of approximately $1.35 billion.

Worst offshore slump holds key lessons for top Norway banker

Norway’s biggest bank is done comparing: The downturn in the country’s offshore services market has no precedent.

Trouble brewing for OPEC as once costly deepwater drilling turns cheap

Reports of deepwater drilling’s demise in a world of sub-$100 oil may have been greatly exaggerated, much to OPEC’s dismay.

Ensco to acquire Atwood Oceanics, Inc.

Ensco plc and Atwood Oceanics, Inc., have jointly announced that they have entered into a definitive merger agreement under which Ensco will acquire Atwood in an all-stock transaction.

Add Energy awarded £1-million contract with BP in Egypt

Add Energy, the international energy consultancy provider, has been awarded a maintenance build contract worth more than £1 million with BP for work on West Nile Delta (WND), a development located just off the north coast of Egypt.

Shell announces start of deepwater production at newest FPSO in Santos basin

Royal Dutch Shell plc, through its subsidiary BG E&P Brasil Ltda. (Shell) and consortium partners in Lula South, announce today that deepwater production has started at the FPSO P-66, which is located in the Brazilian pre-salt of the Santos basin.