Offshore ///

SOCAR, BP sign new production sharing agreement for Azerbaijan exploration

SOCAR and BP today signed a new production sharing agreement (PSA) for the joint exploration and development of Block D230 in the North Absheron basin, in the Azerbaijan sector of the Caspian Sea.

Vryhof announces key contract wins for its anchoring solution

Vryhof Anchors, a Vryhof company, today announced a number of landmark contracts for its STEVSHARK REX anchoring solution with Anglo-French independent operator Perenco, and its Congolese subsidiary Perenco Congo SA; Maersk Drilling in Trinidad; and international EPC contactor CNGS Group.

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.

McDermott completes installation, startup for Vashishta and S1 field

McDermott International, Inc., has successfully concluded the installation and startup on Vashishta and S1 field, an engineering, procurement, construction and installation (EPCI) contract that it received from ONGC in December 2015.

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.

Petrobras announces start of production at Búzios field, in the Santos basin

Petrobras has started production of Búzios field, in the pre-salt of the Santos basin, by means of platform P-74.

BHGE awarded Statoil contract to provide turbomachinery equipment to Johan Castberg field

Baker Hughes, a GE company, has been awarded by Statoil Petroleum AS and Aker Solutions a contract to provide turbomachinery equipment for the topside structure for the floating production, storage and offloading vessel (FPSO) to be located at Johan Castberg field in the Barents Sea.

Kreuz Challenger vessel mobilized for long-term Brunei Shell contract

Kreuz Subsea has mobilized a new-build dive support vessel as part of its seven-year contract with Brunei Shell.

Eco gives update on 3D seismic processing in Guyana

Eco Atlantic released an update on the processing and interpretation of recently acquired 2,550 sq km of 3D seismic on the company’s Orinduik Block, offshore Guyana.

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.

Next generation drones aim to reduce offshore inspection costs

Air Control Entech and the Oil & Gas Technology Centre have launched new unmanned aerial vehicles that aim to reduce offshore oil and gas inspection costs by up to 50%.

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.

Proserv secures multi-million-dollar Repsol contract

Proserv has secured a contract worth $5.5million with Repsol to upgrade and build new subsea production control equipment for the Yme field redevelopment in the Norwegian North Sea.

ConocoPhillips announces results of 2018 winter exploration program in Alaska

ConocoPhillips announced it has concluded its 2018 winter exploration and appraisal program in Alaska.

BP, Petrobras alliance to explore joint projects in Brazil and beyond

BP has announced that it has signed a memorandum of understanding to explore areas of cooperation with Petróleo Brasileiro S.A. (Petrobras).

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.