Deepwater ///

Energean receives Class approval for FPSO design for Karish-Tanin

Energean Oil & Gas announced that it has received Class approval from DNV-GL, the global quality assurance body, for the Basic Design of the new-build Floating Production Storage and Offloading (FPSO) that will be deployed at its deepwater Karish-Tanin development, offshore Israel.

Aqualis Offshore secures consultancy services agreement with Maersk Drilling

Maersk Drilling AS has awarded Aqualis Offshore UK Ltd. a global framework agreement for the delivery of offshore consultancy services and specific supplier personnel services.

Rystad Energy says 100 new offshore projects to be sanctioned this year

The current tailwind in the oil market is likely to propel 100 new offshore projects to be sanctioned in 2018, according to Rystad Energy. This compares to only 60 projects in 2017 and below 40 in 2016, as shown in the latest Oilfield Service Report by Rystad Energy.

Total to boost exploration efforts in South Africa as fuel network grows

French energy giant Total SA plans to boost oil exploration and open more fuel stations in Africa’s most industrialized country.

InterMoor launches acoustic release mooring connectors

InterMoor, a leading provider of mooring services, foundation solutions and offshore installations in subsea services group Acteon, has announced the market introduction of its new Inter-M Release mooring connector.

BP surges to 2010 high as analysts rave about beat, cash flow

MOSCOW (Bloomberg) -- BP Plc analysts praised results which beat estimates thanks to strength in both the upstream and downstream divisions, helping to send the shares to an almost eight-year high.

As oil hits $75, Shell wants deepwater costs at $40 or below

The Big Oil playbook has been straightforward for decades: Higher prices mean offshore projects that are further, deeper, more complex than ever before. It’s different this time, according to Royal Dutch Shell Plc.

Hess acquires interest in new acreage offshore Guyana

Hess Corporation has announced that its subsidiary, Hess Guyana (Block B) Exploration Limited, had reached agreement with Esso Exploration and Production Guyana Limited (ExxonMobil) to acquire a 15% participating interest in the Kaieteur Block, offshore Guyana.

Nexans to supply umbilicals for second stage of Mad Dog development

BP has selected Nexans to supply umbilicals for the second stage development of the Mad Dog offshore field in the Gulf of Mexico.

Anadarko lines up enough LNG buyers for Mozambique project

Anadarko Petroleum Corp. said that “in principle” it has enough customers to proceed with its liquefied natural gas project in Mozambique, eight years after making a major deepwater discovery there.

Shell invests in the Vito development in the Gulf of Mexico

Shell Offshore Inc. (Shell), a subsidiary of Royal Dutch Shell plc, today announces the final investment decision for Vito, a deepwater development in the U.S. Gulf of Mexico with a forward-looking, break-even price estimated to be less than $35/bbl.

Eni approves development plan for Merakes discovery, offshore Indonesia

Eni announced the approval of a development plan for the Merakes field, offshore East Kalimantan, Indonesia.

Petrobras will drive 76% of Brazil’s crude production to 2021

Petrobras liquids production is expected to grow to 2.7 MMbpd by 2021 with Roncador field representing 8.3% of all production in 2021.

NOIA elects 18 industry leaders to its board of directors

The National Ocean Industries Association (NOIA) elected 18 industry leaders to its board of directors on April 12, 2018, during its Annual Meeting in Washington, D.C.

New Zealand draws "line in the sand" with exploration ban

New Zealand will stop granting offshore oil and gas exploration permits, saying it is committed to playing its part in tackling climate change.

Fieldwood Energy closes acquisition of Noble Energy’s deepwater assets

Fieldwood Energy LLC has announced the closing of its acquisition of all of Noble Energy, Inc.’s deepwater oil and gas assets located in the Gulf of Mexico with an effective date of Jan. 1, 2018.

Maersk Drilling, Maersk Supply Service establish JV decommissioning company

A 50-50 joint venture (JV) between Maersk Drilling and Maersk Supply Service will leverage the companies’ heritage of over 50 years of operations to provide decommissioning services to oil and gas operators.

Industry reluctance to adopt new subsea technology tied to risk, says BP/SUT expert

In an MCEDD presentation on Wednesday, a recognized subsea expert said that the reluctance of operators to adopt new technology in the sector is tied to risk.

MCEDD explores water depth maximum, other technical questions; hands awards to best presenters

MCEDD, the premier deepwater conference, continued on Tuesday afternoon and into today in Milan, Italy, with a timely mid-day keynote examination of the future of ultra-deep offshore activity, accompanied by a full slate of technical presentations on a variety of technical subjects.

Investing in predictive analytics derives true value

Philippe Herve, Spark Cognition

As the oil and gas (O&G) industry emerges from the recent downtown, executives are looking for innovative ways to promote growth.