Deepwater ///

Exxon Mobil in billion barrel discovery offshore Nigeria

Exxon Mobil Corporation today announced a significant discovery with a potential recoverable resource of between 500 MMbbl and 1 Bbbl of oil on Owowo field, offshore Nigeria.

CGG wins Pemex contract for Mexico’s Perdido area

CGG has been awarded a major contract by Pemex to deliver an orthogonal wide-azimuth integrated solution designed to optimize subsalt seismic imaging in the geologically complex deep waters of the Perdido area.

Mexico, Brazil vie for Big Oil’s cash in offshore auctions

Aqualis Offshore wins work on FPSOs set for Brazil’s pre-salt

Marine and offshore engineering consultancy Aqualis Offshore has been awarded contracts to provide marine warranty services to three different FPSO projects in Brazil.

Mexico sweetens Pemex Trion JV terms for second time

Mexico has eased the terms of a joint venture with state oil company Petroleos Mexicanos in the deepwater Trion field to attract more bids.

BP exits frontier exploration project offshore Australia

BP has abandoned oil exploration in the offshore Great Australian Bight, five years after it began searching for resources in one of the world’s last frontier regions and before it could drill a single well.

Deepwater opening luring Big Oil to Brazil, Petrobras says

International oil companies are reaching out to Brazil after it opened its most promising offshore region to increased competition, a move welcomed by Petrobras CEO Pedro Parente as he seeks partners to spread investment costs.

CGG acquires Saturno multi-client survey over Santos basin, offshore Brazil

CGG announced the start of a large broadband 3D multi-client survey in the pre-salt area of the deepwater Santos Basin. Santos VII (Saturno) is the third phase in CGG’s most ambitious pre-salt project to date, collectively known as the Santos Basin Trilogy. The project is designed to make ultramodern seismic datasets available as quickly as possible to support each phase in the pre-salt evaluation process in anticipation of Brazil’s next pre-salt licensing round.

Billionaire chairman said to be willing to lend Seadrill $1.2 billion

Seadrill’s billionaire chairman and largest shareholder, John Fredriksen, is willing to lend the rig company as much as $1.2 billion as part of a potential deal with banks and bondholders to restructure the biggest debt load in the offshore-drilling industry, two people familiar with the matter said.

Transocean wins new 15-month contract as Reliance cancels drillship contract

ZUG, Switzerland – Transocean, the world’s largest offshore drilling contractor, has received a 15-month contract with Suncor Energy, the company said Monday.

Dresser-Rand delivers equipment for Shell Appomattox deepwater project

The Dresser-Rand business, part of Siemens Power and Gas Division, recently delivered power generation equipment for a combined cycle power plant (CCPP) for the Shell Appomattox deepwater oil and gas floating production platform.

Port Fourchon signs agreements, plans next generation of port facilities

The Greater Lafourche Port Commission (GLPC) is moving forward with its plans to develop the next generation of deepwater port facilities at Port Fourchon, thanks to a newly signed agreement with the Edward Wisner Donation, granting GLPC a Right of First Refusal on over 900 acres of property immediately south of the port.

Pacific to sell stake in Santos basin blocks to Karoon

Pacific Exploration & Production has reached an agreement to sell its 35% working interest in five concession agreements—S-M-1101, S-M-1102, S-M-1037, S-M-1165 and S-M 1166—in Brazil’s Santos basin to Karoon Gas Australia.

Add Energy, Trendsetter boost well kill injection rates

Add Energy and Trendsetter Engineering have combined their expertise in well control engineering and equipment design to develop the Relief Well Injection Spool (RWIS).

How actual nuts and bolts are bringing down oil prices

Last spring, Statoil announced it had used the same oil well design and components to drill three reservoirs for the price of one.

Chet Morrison Contractors partners with OEM on riser project

Chet Morrison Contractors’ (CMC) Deepwater Riser Services division recently completed work on a complex deepwater riser maintenance project for an offshore drilling rig that included complete disassembly, blast, paint and reassembly of 57 risers.

HPHT keynote presents DeepStar initiative aimed at deepwater technology development

World Oil’s annual HPHT Drilling, Completions & Production Conference got underway this morning with keynote speaker Greg Kusinski, of Chevron ETC.

Shell Canada strikes out in Shelburne basin

Shell Canada, operator of the Shelburne basin joint venture exploration project, has advised that the drilling of the first exploration well has been completed and is non-commercial.

At $500 million a pop, it’s a gamble that has no precedent

In a far corner of the Caribbean Sea, one of those idyllic spots touched most days by little more than a fisherman chasing blue marlin, billions of dollars worth of the world’s finest oil equipment bobs quietly in the water.

Anadarko buys deepwater Gulf assets from Freeport for $2 billion

Anadarko Petroleum Corp. agreed to buy Gulf of Mexico oil assets from Freeport-McMoRan Inc. for $2 billion and said it will use revenue generated by the offshore wells to develop its U.S. oil fields on land.