Sulzer and FMC Technologies have received a subsea multiphase boosting pump contract to upgrade one of the pumping modules in Shell’s Parque das Conchas, a deepwater field off the coast of Brazil.
The offshore drilling market is in such bad shape that when a rival recently bought a rig for less than a 10th of its new-build cost, it probably overpaid, according to Seadrill Ltd. CEO Per Wullf.
BP has started up a major water injection project at its Thunder Horse platform, extending the production life of one of the biggest deepwater fields in the U.S. Gulf of Mexico.
Volumes for conventional oil and gas discoveries made outside of North America have continued their multi-year decline, and the results are dramatic—just 12 Bboe of estimated recoverable resources were discovered in 2015, a record low since 1952, when discoveries reached just 7.8 Bboe, according to new analysis from HIS.
In the critical area of offshore asset integrity, a new study published by Oil & Gas UK promises to broaden awareness of the array of technologies developed and deployed successfully by the industry and other sectors, which could be used to great effect in delivering safe and effective improvements in efficiency.
Petroleos Mexicanos is in talks with Exxon Mobil Corp., Total and Chevron Corp. as Mexico’s struggling state-run oil producer seeks partners to develop deepwater crude in the Gulf of Mexico.
Political turmoil in Brazil shouldn’t stop Petrobras from completing asset sales it has already opened up to bidders, according to one company vying for the state-controlled driller’s Bauna offshore field.
Advances in technology are enabling the discovery of, and access to, offshore hydrocarbon reserves previously thought uneconomical. However, many viable-but-challenging projects are put on hold because of uncertainties about their feasibility, high start-up costs, and long lead times. To solve these problems, several holistic subsea processing systems have been created to enhance field economics.
The Shah Deniz consortium has awarded a $1.5-billion contract for the transport and installation of the deeper water subsea production systems for Shah Deniz stage 2 to the BOS Shelf, Saipem Contracting Netherlands and Star Gulf FZCO consortium.
International oilfield services company, Expro, has successfully completed a plug and abandonment (P&A) project in the Gulf of Mexico (GoM) for Apache.
Schlumberger has announced the launch of the MaxPull high-pull wireline conveyance system that can pull from 18,000 lbf to 30,000 lbf in wells 40,000 ft deep or more.
McDermott International has completed the installation scope associated with the Otis development in the Gulf of Mexico on behalf of LLOG Exploration Offshore.
Oil production in some of the riskiest, highest-cost regions of North America is still thriving, even as the worst slump in a generation takes a bite out of U.S. shale.
Aqualis Offshore and China Ship Design & Research Center Co., Ltd (CSDC) have signed an agreement to cooperate on engineering projects both in China and internationally.
Otto Energy Ltd has announced that it has been advised by Operator Byron Energy, that the SM-71 #1 well, located at the South Marsh Island Block 71, has completed drilling to the final target measured depth of 6,843 ft (2,086 m) or 6,477 ft (1,974 m) TVD.
Oil production has started under budget and ahead of schedule at Julia oil field in the Gulf of Mexico, Exxon Mobil Corporation said Tuesday. The first production well is now online and a second well will start production in the coming weeks.
Repsol Sinopec, with partners Statoil and Petrobras, has completed the Gavea A1 well in the ultra-deep pre-salt Block BM-C-33 in the Campos basin, offshore Brazil.
The Obama administration’s long-awaited final offshore well control regulations were released Thursday by U.S. Secretary of the Interior Sally Jewell and Director of the Bureau of Safety and Environmental Enforcement (BSEE) Brian Salerno.
The world’s biggest oil explorers are fighting a U.S. plan to toughen offshore drilling rules that Exxon Mobil Corp. said will cost $25 billion over 10 years and render many offshore discoveries worthless.
ExPert Landing String Solutions of Madisonville, La., is awaiting results of the first application of the industry’s only modular buoyancy system, engineered to safely land the long strings of heavy-walled casing required in most ultra-deepwater Gulf of Mexico wells.