Deepwater ///

$50 oil "magic" boosts offshore drillers' hopes of competing with shale

The “magic” of $50 oil is now in the sights of deep-sea drillers as they try to lure customer spending from shale wells on land.

ION announces second 3D multi-client reimaging program offshore Mexico

ION Geophysical Corporation has announced a new 3D multi-client broadband reimaging program offshore the Western Gulf of Mexico, using the Mexican National Hydrocarbons Commission (CNH) data library.

Crowley supports Stampede platform tow-out and installation in the U.S. Gulf

Crowley Maritime Corp.’s ocean class tugboats and 455-series, high-deck strength barges recently played an integral role in the safe, successful tow-out and installation of Hess’ Stampede tension-leg platform (TLP) in the deep waters of the U.S. Gulf of Mexico.

Rosneft celebrates 15 years of safe offshore operations in Vietnam

Rosneft celebrates 15 years of safe offshore operations in Vietnam Rosneft Vietnam B.V., a Rosneft subsidiary operating Block 06.1 on Vietnam shelf celebrates 15 years of safe offshore operations.

Saipem secures $900-million contract for EPCI activities at Zohr field

Saipem and Petrobel have finalized offshore contract variations worth $900 million for Engineering, Procurement, Construction and Installation (EPCI) activities in relation to the “Optimized Ramp Up” phase of the giant Zohr field development project, situated in the Mediterranean Sea off the Egyptian coast.

API welcomes Senate support for U.S. offshore energy development

API welcomed a letter sent by 36 U.S. Senators to Interior Secretary Zinke in support of the safe and environmentally responsible development of U.S. offshore energy resources, as the administration begins developing a new five-year offshore oil and natural gas leasing program.

Tullow plans more Ghana wells once maritime-border spat settles

Tullow Oil Plc plans to drill more wells off Ghana once a ruling on a border dispute is out of the way.

ABIS seals agreement to support Spanish port development

ABIS Holdings Energy Services Ltd. has signed an agency agreement to support the development and operation of an offshore supply base on the Spanish island of Gran Canaria.

CARBO Ceramics builds on success in the Gulf of Mexico

CARBO Ceramics Inc. has announced that Kryptosphere HD has been utilized by all super major E&Ps operating in the Gulf of Mexico, for deep, high stress wells.

Aquaterra Energy signs investment deal with EV

Aquaterra Energy, a leading global offshore engineering solutions provider, has secured a multi-million pound investment from EV Private Equity as the company gears up for service expansion and new technology launches.

Dana Gas to use AGR software for deepwater exploration in Egypt

Global energy services and technology company, AGR, has signed a SaaS (Software as a Service) contract with Dana Gas PJSC to supply the latest version of its P1 software.

Mexico sets a date for deepwater oil, gas tenders

Mexico's oil regulator, the National Hydrocarbons Commission, set Jan. 31 as the date for the next round of auctions for deepwater oil and gas tenders in the Gulf of Mexico.

Mexico delays next oil auction, letting huge new find sink in

Mexico will delay its next offshore oilfield auctions by a month, giving international bidders more time to evaluate recent major crude discoveries that highlight the potential value of the assets.

TFKable to acquire JDR Cable Systems

JDR Cable Systems (Holdings) Ltd., a supplier of subsea umbilicals and power cables to the offshore energy industry, has announced that it is to be acquired by TELE-FONIKA Kable (TFKable).

Exxon Mobil acquires interest in acreage offshore Suriname

Exxon Mobil Corporation has announced that its subsidiary Exxon Mobil Exploration and Production Suriname B.V., along with co-venturers Hess and Statoil, signed a production sharing contract for Block 59 with Staatsolie Maatschappij Suriname N.V., the national oil company of Suriname.

Premier Oil says North Sea exploration no longer attractive

Premier Oil, which produces more than half its oil in the British North Sea, said on Thursday that exploring for resources in the basin was no longer attractive, a day after it announced a major discovery off Mexico.

Trendsetter Engineering completes live well operations with 15,000-psi subsea hydraulic intervention system

Trendsetter Engineering has successfully completed live well operations with the new 15,000-psi subsea hydraulic intervention system (STIM). The STIM system, which had previously been utilized for subsea hydrate remediation work, has now completed seven subsea projects in the GOM since November 2016, in water depths ranging from 2,500 ft to 7,200 ft.

Aker BP receives consent for exploration drilling in the North Sea

The Petroleum Safety Authority of Norway has given Aker BP consent to drill exploration wells 25/4-11 and 25/4-12, in a prospect named Hyrokkin, which is north of Alvheim in the North Sea.

Lundin Petroleum encounters hydrocarbons in Barents Sea's Alta appraisal well

Lundin Petroleum AB has announced that its wholly-owned subsidiary Lundin Norway AS has successfully completed the drilling and production testing of Alta appraisal well 7220/11-4 (Alta-4) located in PL609 in the southern Barents Sea.

Statoil secures Seadrill rig for exploration drilling in Brazil

Statoil Brasil Oleo e Gas Ltda has awarded Seadrill two service contracts for exploration drilling in the BM-S-8 license in Brazil's Santos basin.