Deepwater ///

Santos acquires interest in Malaysia's deepwater Block R from Inpex, JX Nippon

Inpex Corporation, through its wholly-owned subsidiary, Inpex Offshore South West Sabah, has reached an agreement to transfer 10% of its participating interest in the deepwater Block R, offshore East Malaysia to Santos Sabah Block R, a subsidiary of Santos Limited.

Marine Well Containment Company delivers expanded containment system

HOUSTON -- Marine Well Containment Company (MWCC) announced today the completion and delivery of its expanded containment system (ECS), bolstering well containment capabilities and response readiness for operators in the deepwater U.S. Gulf of Mexico. The enhanced system builds on the equipment and technology put into place with MWCC’s Interim Containment System, made available in February 2011.

SAExploration bags ocean-bottom marine seismic awards for $45 million

SAExploration Holdings has announced new project awards for ocean-bottom marine seismic data acquisition services collectively valued at approximately $45 million.

Chevron takes control of BP deepwater Gulf of Mexico discoveries

Chevron expands its deepwater portfolio by assuming control of projects from BP as the U.K. company freezes wages and cuts spending in response to collapsing crude prices.

Eni sanctions OCTP project in Ghana

Eni, Vitol and GNPC have signed, with the President of Ghana and the Minister of Petroleum, an agreement to proceed with the OCTP integrated oil and gas project in Ghana.

OneSubsea production system delivers success at Chevron’s Jack and St. Malo

OneSubsea, a Cameron and Schlumberger company, supplied the subsea production and processing systems for the Chevron-operated, deepwater Gulf of Mexico fields, Jack and St. Malo.

Pre-salt subsea deployment technique saves Petrobras $5 million per well

At the end of last year, Petrobras deployed its first wet Christmas tree using cables in the pre-salt area.

PetroRio acquires 80% stakes in Brazil's Bijupirá and Salema fields

PetroRio, the new brand of HRT Participações em Petróleo has announced the signing of a purchase and sale agreement to acquire 80% of the rights and obligations of the concession contracts for the Bijupirá and Salema fields with Shell Brasil and Petrobras holding the remaining 20%.

CNIM to build absorption chillers for Petrofac's offshore vessel

CNIM has been awarded, by Petrofac, a contract to design, build and commission an innovative, highly energy efficient and environmentally friendly cooling system consisting of two custom-made absorption chillers.

Mexico’s bidding round will remain competitive, GlobalData says

With Mexican oil open to private investment for the first time, the country’s initial bidding round is expected to remain competitive despite low oil prices, delays and a number of uncertainties, according to research and consulting firm GlobalData.

University of Houston to lead offshore energy research center

The University of Houston will lead a national research center for subsea engineering and other offshore energy development issues, including research and technology to improve the sustainable and safe development of energy resources in the Gulf of Mexico.

ABS awards AIP for next-generation HD12000 drillship

HOUSTON -- ABS has awarded approval in principle (AIP) for Hyundai Heavy Industries' next-generation HD12000 heavy duty, wide beam drillship design.

Noble Energy strikes out with Gulf of Mexico wildcat

HOUSTON -- Noble Energy has announced that its Madison exploration well in the Gulf of Mexico reached the targeted Upper and Middle Miocene objectives and did not encounter commercial hydrocarbons.

Petrobras is world's largest operator of floating production platforms

RIO DE JANEIRO -- Petrobras now operates more floating production platforms (including self-owned and chartered ones) than any other company in the world, according to Petrodata, a consulting firm that specializes in providing information about the global oil industry.

Anadarko starts production at Lucius field in deepwater Gulf of Mexico

MILAN, Italy -- Eni has announced the start of production from Lucius field in the deep waters of the Gulf of Mexico, 240 miles south of the Louisiana coast. The field is operated by Anadarko.

Repsol exits Canaries after coming up dry

MADRID, Spain -- Repsol has completed an exploratory well, which began on Nov. 18 in the Atlantic Ocean about 60 km from Lanzarote and Fuerteventura, to analyze the possible existence of hydrocarbons.

BP faces maximum $13.7 billion fine after reduced spill-size ruling

NEW ORLEANS (Bloomberg) -- BP faces a maximum fine of $13.7 billion after a U.S. judge ruled that the company in 2010 dumped 3.19 MMbbl of oil into the Gulf of Mexico. U.S. District Judge Carl Barbier rejected the U.S. government’s 4.2 MMbbl estimate of the spill size, decreasing the potential maximum fine from $18 billion.

Seadrill appoints Dr. Charles Woodburn as Director

LONDON -- The Board of Seadrill has appointed Dr. Charles Woodburn as a Director of the company.

Petrobras saves $1 billion in wake of well cost reduction program

RIO DE JANERIO -- Petrobras has saved around $1 billion in cost reductions, design optimization and productivity gains since it launched its well cost reduction program in 2013.

EPA proposes changes to nation's oil spill response plan

WASHINGTON -- The U.S. Environmental Protection Agency (EPA) is proposing to amend requirements under the National Oil and Hazardous Substances Pollution Contingency Plan (NCP) to improve the nation’s ability to plan for and respond to oil spills. This proposal addresses issues raised by the public, responders, government, and industry officials during the 2010 Deepwater Horizon Oil Spill.