Deepwater ///

APA, TotalEnergies drill successful appraisal well offshore Suriname

APA Corporation announced drilling success and updated the status of its appraisal program offshore Suriname in Block 58. The primary objective of the first phase of the appraisal drilling program is to deliver a fast-track, black oil development.

FET to deliver next-generation ROVs to DOF Subsea

Forum Energy Technologies, Inc. announced that it has secured an order from DOF Subsea to supply two of its improved 200HP Perry XLX-C work-class remotely operated vehicles.

ExxonMobil tallies another significant oil discovery offshore Guyana

ExxonMobil reported a significant discovery at Whiptail in the Stabroek Block offshore Guyana. The Whiptail-1 well encountered 246 feet (75 meters) of net pay in high quality, oil-bearing sandstone reservoirs.

Oceaneering and DDK Positioning sign service agreement enhancing C-Nav Positioning Solutions’ offerings

Oceaneering International and DDK Positioning Limited have entered into an agreement for the provision of GNSS augmentation service and all associated software and hardware supporting Oceaneering’s C-Nav Positioning Solutions group offerings.

Shell commits to Whale development in deepwater Gulf of Mexico

The Whale development, owned by Shell Offshore Inc. and Chevron U.S.A. Inc., is expected to reach peak production of approximately 100,000 barrels of oil equivalent per day and currently has an estimated, recoverable resource volume of 490 million barrels of oil equivalent.

Brazil’s offshore revival seeks to double crude output by 2030

Outside of the U.S. and OPEC, Brazil is set to add more crude production through 2026 than any other country. It wants to double crude output by 2030 to become the world’s fifth-largest exporter, and even if it doesn't hit that target, low-cost oil plays have positioned the country well to emerge as one of the world's most important sources for production growth.

BHP said to seek an exit from its petroleum business

BHP has long said the oil business was one of its strategic pillars, and argued that it will make money for at least another decade. But as the world tries to shift away from fossil fuels, the company wants to avoid getting stuck with assets that become more difficult to sell, according to insiders.

Mexico snubs Talos Energy, names Pemex sole operator of Zama field

The resolution ends a long-standing conflict between Pemex and Houston-based Talos over the field, which contains as many as one billion barrels of oil equivalent.

Rediscovering the promise of America’s Great Lower Tertiary play

Chuck White, Roy Shilling, Vamsee Achanta, Jeremy Walker, Terrance Ivers, Frontier Deepwater Appraisal Solutions LLC

Part 2: In April, the first half of this two-part feature documented industry’s failure to profitably exploit the massive Wilcox Lower Tertiary trend in the ultra-deepwater Gulf of Mexico. This second article evaluates how alternative technologies and strategies can make those failing assets profitable while reducing human and environmental risk.

Profitability requires change, now

Franklin Cueto, Weatherford

The oil and gas industry survived the one-two punch of Covid-19 and an historic downturn. Our future hinges on modernizing what we do.

LLOG tallies first production from its Praline discovery in Mississippi Canyon block

Philip LeJeune, LLOG’s President and CEO said “We are pleased to announce first oil from our Praline field, our first pipe-in-pipe tieback, and the continued successful development of our high quality prospect inventory. Praline is the first of four tieback projects we expect to have online in the next year."

BP starts new Gulf of Mexico production at Na Kika platform

BP announced a significant milestone with the safe start-up of the Manuel project in the US Gulf of Mexico, the fourth of five major projects expected to be delivered globally in 2021.

NOIA calls for immediate resumption of Gulf of Mexico oil lease sales

"The Department of the Interior is required by law to expeditiously develop America’s energy resources, and this includes the obligation to schedule and hold offshore oil and gas lease sales," said National Ocean Industries Association President Erik Milito.

Making in-situ flowmeter calibration a reality

Dr. Bruno Pinguet, TUV SUD NEL

A combination of laboratory and wellsite analysis can be used to address in-situ meter performance to reduce maintenance frequency. This conditioned-based monitoring can reduce the overall annual cost of operating multiphase flowmeters in deeper and more remote fields.

Transocean joins GameStop and AMC in monetizing its meme-stock status

Transocean Ltd. is planning to raise cash and cut debt by selling new shares, taking advantage of a surge in its stock price driven by the meme-stock frenzy and rising oil prices.

Equinor awards offshore Brazil EPCI contract to Subsea Integration Alliance

Schlumberger announced an award to Subsea Integration Alliance of a large contract by Equinor on its Bacalhau project offshore Brazil. The contract scope covers the engineering, procurement, construction and installation of the subsea production systems and subsea pipelines.

Trade group says Gulf of Mexico energy output fits with Biden’s climate plans

“There is substantial momentum across all segments of the economy in transparency and reporting of GHG emissions, sustainability, and ESG performance. The SEC should exercise restraint from taking any action that could hinder or otherwise complicate these ongoing efforts," said NOIA president Erik Milito regarding potential changes to the SEC's climate change disclosure rules.

Interior Department gauges deepwater Gulf of Mexico for new offshore wind projects

The Bureau of Ocean Energy Management will publish a Request for Interest in the Federal Register on Friday, June 11 to assess interest in potential offshore wind development in the Gulf of Mexico's outer continental shelf.

Exxon and its partners log new discovery at Longtail-3 offshore Guyana

“Longtail-3, combined with our recent discovery at Uaru-2, has the potential to increase our resource estimate within the Stabroek block, demonstrating further growth of this world-class resource and our high-potential development opportunities offshore Guyana,” said Mike Cousins, senior vice president of exploration and new ventures at ExxonMobil.

Texas A&M to lead new Ocean Energy Safety Institute

The Texas A&M Engineering Experiment Station will collaborate with energy-sector stakeholders, several national labs and universities in ten states as the manager of a new Ocean Energy Safety Institute.