Jacobs Engineering Group has been awarded a contract from Shell Offshore for its Vito host project in the Gulf of Mexico.
The decommissioning of aging offshore oil and gas platforms, subsea wells and related assets is increasing dramatically, with more than 600 projects expected to be disposed of during the next five years. This rapid trend toward decommissioning is causing spending to rise significantly, according to a new study by IHS Markit.
GustoMSC, an independent design and engineering company, has unveiled a new drillship design: Scylax. The new design aims to facilitate mid- to deepwater developments by providing fit-for-purpose capabilities.
When OPEC exempted Nigeria from its plan to cut oil output for the first time in eight years, it highlighted how far Africa’s biggest producer has fallen.
Statoil has completed its acquisition of Petrobras’ 66% operated interest of the BM-S-8 offshore license in Brazil’s Santos basin.
Seadrill Ltd.’s earnings beat forecasts as the offshore rig company controlled by billionaire John Fredriksen continues to cut costs and sees signs of improvement in a challenging market.
Talos Energy has announced initial production from the Tornado exploration project in Phoenix field in the Gulf of Mexico. The field is located in Green Canyon Blocks 236, 237, 280 and 281 in approximately 2,700 ft of water.
Maersk Drilling and National Oilwell Varco (NOV) have entered into a five-year partnership to improve maintenance predictability for drilling equipment.
Drillers burned by a two-year slump in crude prices are slowing exploration of deepwater prospects off the coast of Africa, undermining a key driver of growth on the continent.
The Obama administration is set to block the sale of new oil and gas drilling rights in U.S. Arctic waters under a five-year blueprint, handing a victory to environmentalists who said the activity threatened whales, walruses and other wildlife in the region.
Systemic analysis shows a failure of systems to match up
Capital investment in the oil and gas industry in Sub-Saharan Africa has been cut by $100 billion over the next five years, according to Wood Mackenzie's latest report on upstream activity in the region. Major oil companies are heavily invested in Sub-Saharan Africa and account for the bulk of cuts.
Marathon Oil rose the most in nine months as higher-than-forecast crude production helped earnings exceed analysts’ estimates.
Hyperdynamics Corporation, an emerging exploration company, has signed a Letter of Award with drilling contractor Pacific Drilling to engage the Pacific Bora drillship.
EnQuest announced Monday that the FPSO vessel for the Kraken development has completed its shore-based commissioning activities at the quayside in Singapore. The vessel’s inclination testing program has also been completed.
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 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.
Marine and offshore engineering consultancy Aqualis Offshore has been awarded contracts to provide marine warranty services to three different FPSO projects in Brazil.
Mexico has eased the terms of a joint venture with state oil company Petroleos Mexicanos in the deepwater Trion field to attract more bids.