Deepwater ///

CERAWeek '18: Pemex CEO stresses the importance of partnerships in Mexico

On Tuesday, during CERAWeek, IHS Markit’s senior V.P., Carlos Pascual, sat down with Pemex CEO Carlos Treviño and Petronas President & Group CEO Wan Zulkiflee, to discuss the increasingly critical future of upstream partnerships. Treviño said that “the new name of the game, for Pemex, is ‘partnerships.’”

World of Oil & Gas

Emily Querubin, World Oil

TAG Oil Ltd. (70%), operator of the Puka permit (PEP 51135) in New Zealand’s Taranaki basin, said the Pukatea-1 exploration well was drilled to 10,170 ft, MD, encountering variable hydrocarbon shows.

AMLO wants public's view on Mexico oil law, state candidate says

Mexico’s leftist front-runner Andres Manuel Lopez Obrador intends to seek a public consultation on the nation’s landmark energy reform, raising the possibility that the opening of the oil industry could be overturned, according to his Veracruz gubernatorial candidate.

Norway illustrates potential of mature basins with record-breaking license awards, says GlobalData

Analysis of Norway’s upstream oil and gas industry shows that the country currently has 887 licensed blocks, of which 529 blocks are in the shallow water terrain and 358 are in deepwater terrain, according to GlobalData, a leading data and analytics company.

Abrado completes section-milled window utilizing a downhole mud motor

Abrado announced today that it has successfully completed the first casing section milled window utilizing a mud motor to power its patented Medusa expandable dual-string casing section-milling technology to successfully abandon a Gulf of Mexico well.

ExxonMobil pursues Ghana’s deepwater exploration acreage

Analysis of Ghana’s upstream oil and gas industry shows that the country currently has 21 licensed blocks, of which 14 are in the ultra-deepwater terrain, five are in shallow water, and two in deepwater, according to GlobalData, a leading data and analytics company.

Africa Energy Corp. announces two-year renewal for exploration offshore South Africa

Africa Energy Corp. has received notice from the Petroleum Agency of South Africa granting a two-year renewal of the Exploration Right for Block 2B offshore the Republic of South Africa.

Deep Sea Mooring commences offshore Trinidad project for Maersk Drilling

Deep Sea Mooring (DSM), a Vryhof company, has commenced operations in providing mooring equipment, design and marine supervisory services to Maersk Drilling in Trinidad.

Westwood highlights exploration hits, misses of 2017

A new report from Westwood Global Energy Group, the energy market research consultancy, has highlighted 10 potentially commercial discoveries in 2017 considered likely to be more than 100 MMboe.

Borr Drilling goes from empty-handed to the largest jackup driller in just 16 months

Borr Drilling announced its intention to acquire Paragon Offshore after inking a binding tender agreement to purchase all outstanding shares for $232.5 million. With the acquisition, Borr gets their hands onto 31 jackups and one semisubmersible unit.

GE, Noble Corp. launch world's first digital drilling vessel

Following the partnership formed by GE and Noble Corporation plc, the two companies launched the world’s first digital drilling vessel, targeted to achieve 20% operational expenditure reduction across the targeted equipment and improve drilling efficiency.

Abrado Wellbore Services awarded multi-string section milling P&A project in Trinidad

Abrado announced today that it has been awarded a multi-million-dollar dual-string section milling plug and abandonment project in Trinidad utilizing its proprietary Medusa cutting technology.

MCEDD ‘18: Conference program features 35 global deepwater companies

ENI, host of Marine Construction Engineering Deepwater Development (MCEDD) 2018, will support an expanded technical program at this year’s conference, one of the world’s premier deepwater events.

Offshore oil recovery beginning in world's harshest environments

Explorers are once again testing the waters in their search for oil, according to Transocean Ltd., the world’s biggest offshore rig contractor by market value.

Abrado completes rig-less, dual-string section-milling P&A job in GOM

Abrado announced today that it has completed the first well in a multi-well P&A campaign for an independent GOM operator, using its proprietary Medusa expandable casing section-milling technology.

Interior sets date for largest oil, gas lease sale in U.S. history

In support of President Donald J. Trump's ‘America-First Offshore Energy Strategy,’ Deputy Secretary of the Interior David Bernhardt announced that the Department will offer 77.3 million acres offshore Texas, Louisiana, Mississippi, Alabama, and Florida for oil and gas exploration and development.

Noble Energy exits Gulf of Mexico with $710-million sale of assets

Noble Energy, Inc., has announced that its board of directors has authorized a $750-million share repurchase program. In addition, the Company has executed an agreement to sell its deepwater Gulf of Mexico assets to Fieldwood Energy LLC for a total value of $710 million.

U.S. shale drives rig count recovery in 2017

With oil prices on the rise in 2017, operators added drilling rigs back to many areas of the U.S.

New Products and Services

Alex Endress, World Oil

National Oilwell Varco (NOV) has introduced the iSeries NXT platform to its portfolio of Tolteq MWD/LWD directional systems and tools.

Total-led consortium enters Lebanon with two deepwater E&P contracts

Total-led international consortium (Total 40%, ENI 40%, Novatek 20%) signed two Exploration and Production Agreements (EPA) with the Republic of Lebanon, covering Blocks 4 and 9, located in the deep waters offshore Lebanon.