Anadarko Petroleum's Kronos-1 well has proved the presence of hydrocarbons in the ultra-deep waters of the Colombian south Caribbean area, Ecopetrol, a partner in the well, said.
Imagine parking your $300 million boat for months out in the open sea, with well-paid mechanics hovering around it and the engine running.
An Exxon Mobil discovery off the coast of Guyana may hold oil and natural gas worth 12 times the South American nation’s entire economic output.
Energy producers are abandoning the search for oil and natural gas close to shore in the U.S. Gulf of Mexico as drilling budgets shrink and exploration migrates to land-based shale fields.
The American Petroleum Institute (API) has welcomed the federal government’s effort to align regulations for offshore well control with industry standards in comments filed with the Bureau of Safety and Environmental Enforcement (BSEE).
Bureau of Ocean Energy Management (BOEM) Director Abigail Ross Hopper announced Thursday that the bureau will offer approximately 21.9 million acres offshore Texas for oil and gas exploration and development in a lease sale that will include all available unleased areas in the Western Gulf of Mexico Planning Area.
ConocoPhillips is to reduce future deepwater exploration spending, with the most significant reductions coming from the company’s operated Gulf of Mexico program, the company said Thursday.
International energy producers that sat out Mexico’s historic auction of oil and natural gas fields this week will be among the fiercest competitors for potentially massive deepwater prospects that go up for sale as soon as next month.
Schlumberger has achieved SEMS certification to Center for Offshore Safety Program expectations and 30 CFR 250 Subpart S requirements. Schlumberger is the first service/supply contractor to achieve this voluntarily, further demonstrating their commitment to SEMS, assurance of their safety management system, and to ensure they know where is best to focus their continuing work on safety management.
Statoil Petroleum awarded Baker Hughes an eight-year contract to design and supply production chemicals to the offshore Norne field and the deepwater Aasta Hansteen field in the Norwegian Sea.
In November 2011, BG’s Brasil’s well engineering team and Petrobras set out an ambitious target at a historic drilling performance workshop—to drill ultra-deepwater, pre-salt wells from spud to final depth in 30 days at a cost of less than $30 million.
The northwest frontier region has seen a boost in exploration efforts, rewarded by some key discoveries that define the region as an up-and-coming E&P province.
Integrated geoscience project to shine light on Gabon South basin.
With rig contract cancellations, fleet retirements, and large-scale cost-cutting slicing through the offshore drilling market, new technology assumes an even more important role in safety, efficiency, capability and—ultimately—marketability. As utilization drops, advantage is often found in innovation—if not now, then certainly in the upturn that will arrive eventually.
Disputed waters raise hopes, create conflict
Petrobras has long been a pioneer in the adoption and deployment of deepwater technology. This has enabled them to build huge reserves of some 16 Bbbl of oil. Converting these reserves to production, however, is another matter and Petrobras has a history of setting ambitious targets, with a poor record of meeting them.
The floating production, storage and offloading unit (FPSO) Cidade de Itaguaí is now anchored in the Iracema Norte area of Lula field, in the pre-salt layer of the Santos basin, off the coast of Rio de Janeiro.
BP’s $18.7 billion U.S. legal settlement is being cheered by investors and analysts as it ends five years of financial uncertainty. It also makes the British oil producer a more attractive takeover target.
ION Geophysical Corporation has launched the first phase of MexicoSPAN, encompassing more than 22,000 km of deep-imaged 2D seismic data.