Deepwater ///

Exxon Mobil awards contract extension for Maersk Viking drillship

Maersk Drilling has been awarded a contract extension for the ultra-deepwater drillship Maersk Viking, by oil major Exxon Mobil. The estimated value of the contract extension is $22.5 million, with a duration of 150 days.

Seadrill stock jumps 26% as debt talks progress

Seadrill stock jumped 26% as the offshore driller said it’s getting closer to a solution to restructure the industry’s heaviest debt load.

Petrobras starts production on platform P-66 in Santos Basin's pre-salt Lula Field

Petrobras and its partners in the BM-S-11 Consortium have started producing oil and natural gas from the Santos Basin’s pre-salt Lula Sul field.

Wild Well purchases subsea capping equipment from Shell EP Wells Equipment Services

Wild Well Control, Inc., a well control and engineering services company, has purchased subsea capping equipment from Shell EP Wells Equipment Services B.V.

ACE Winches, Scantrol AS provide combined active heave compensation solution to Saipem

Leading global deck machinery specialist, ACE Winches has successfully delivered and engineered a back deck solution for Saipem. Working to a tight deadline of three and half weeks, ACE Winches worked in conjunction with Scantrol AS to supply a deck machinery solution which included an Active Heave Compensation winch and A-frame solution that will be used as an auxiliary deepwater deployment system for subsea equipment.

Bollinger's 4,000-ton drydock arrives in Algiers, La.

Bollinger Shipyards has announced the arrival of the drydock Mrs. Jody, with a total lifting capacity of 4,000 tons at Bollinger Algiers in Louisiana.

Wood Group awarded conceptual engineering contracts for Chevron's Tigris, Anchor

Wood Group has signed a 10-year master services agreement (MSA) with Chevron that allows them to deliver conceptual engineering, pre-front-end engineering design (pre-FEED), FEED, detailed design and procurement services in multiple locations across Chevron’s global onshore and offshore asset portfolio.

2H Offshore launches JIP to drive intelligent efficiencies

2H Offshore, riser and conductor specialists in subsea services group Acteon, is pleased to announce the launch of the STREAM (STeel Riser Enhanced Analytics using Measurements) Joint Industry Project (JIP), which will see 2H Offshore work with operators to find efficiencies for the industry.

Maersk Drilling's idle rigs impact earnings, but uptime, performance remain high

Maersk Drilling reported a profit of $48 million in the company's interim report for first quarter 2017, down from $222 million last year, generating a ROIC of 3.0%, compared to 11.2% a year ago.

Eni starts production from Jangkrik Project, offshore Indonesia

Eni has started gas production from the Jangkrik Development Project, in deep water offshore Indonesia, ahead of schedule. The project comprises the gas fields Jangkrik and Jangkrik North East, located in the Muara Bakau block, Kutei basin, in the deep water of Makassar Strait.

Institute of Petroleum Engineering receives major applied geoscience research funding

A major funding package for the Institute of Petroleum Engineering (IPE) at Heriot-Watt University will directly support research and training for the future of the industry in UK offshore waters.

Total expands exploration activity in Mauritania with new offshore license

Total and Mauritania have signed an exploration and production contract to perform exploration works on Block C7, which covers an area of 7,300 km2.

Republican window to roll back Obama's rules closes at 14-1

Republicans efforts to rescind a myriad of Obama-era rules ended with 14 regulations eliminated from the books but one late failure.

BSEE highlights Arctic collaborations on response technology possibilities

The Bureau of Safety and Environmental Enforcement provided the latest details on its efforts to improve oil spill response technologies at the Arctic Oil Spill Response Research and Technology Workshop April 26.

BP starts production at West Nile Delta, eight months ahead of schedule

BP today announced that it has started gas production from the first two fields, Taurus and Libra, of the West Nile Delta development in Egypt.

Petrobras enters its fourth expansion cycle, credits pre-salt

Petrobras is entering the fourth expansion cycle in its history as it ramps up its production in the pre-salt layer. This is a major milestone for the company, achieved by overcoming challenges, developing technologies and building up technical capacity.

Cooperation between Libra consortium partners reduces project's break-even price

Intense collaboration between the Libra area’s partners to develop technologies needed to maximize value has cut the project’s break-even price by approximately $13/bbl.

Brazil enacts new bidding rules for production sharing regime

Brazil's Decree 9.041/2017 entered in force last week, regulating Law 12.351/2010 relating to Petrobras’ preferential rights to act as operator in consortiums for exploration and production in blocks subject to the production sharing regime.

DNV GL adds asymmetric stern to hull optimization service

A vessel with an asymmetric stern has a twisted aft shape that is designed to account for the differing flow conditions on each side of the propeller. The idea emerged in the 1960s, but due to the difficulty of manually developing the optimal shape, this design failed to make a large impact at the time. DNV GL has revisited the idea.

DNO re-enters NCS with acquisition of Origo Exploration

DNO ASA, the Norwegian oil and gas operator, today announced the acquisition of Origo Exploration Holding AS, a privately-held oil and gas exploration company with a focus offshore Norway and the United Kingdom.