Deepwater ///

Ownership interests on Norwegian continental shelf offered in APA 2016

Today, Jan. 17, offers for 56 new production licences on the Norwegian continental shelf (NCS) will be sent to 29 companies.

GE, Transocean announce performance-based service agreement

GE Oil & Gas has secured a new contractual service agreement (CSA), valued at approximately $180 million, with Transocean.

Dril-Quip acquires The Technologies Alliance, Inc. d/b/a OilPatch Technologies

Dril-Quip has acquired The Technologies Alliance, Inc. d/b/a OilPatch Technologies (OPT) for approximately $20 million.

India’s top oil producer spends $1.2 billion to buy gas block

India’s biggest oil and gas producer will pay as much as $1.2 billion to buy a majority stake in a gas field off the country’s east coast, aiming to boost production as the country seeks to cut energy imports.

Exxon to greenlight 1.4 Bbbl Guyana discovery in 2017

Exxon Mobil plans to formally approve investing in the 1.4-Bbbl Liza oil discovery off the coast of Guyana by the end of 2017.

Atwood Oceanics secures one-well contract for ultra-deepwater rig

Atwood Oceanics has agreed to a one-well drilling services contract with Woodside Energy for the ultra-deepwater rig, Atwood Osprey, offshore Australia.

BP builds gas empire with $916 million purchase from Kosmos

BP agreed to buy stakes in West African licenses held by Kosmos Energy for $916 million as the British producer builds its natural-gas business following an acquisition in Egypt last month.

Shell starts oil production from Malikai deepwater platform in Malaysia

Shell has started oil production from the Malikai tension leg platform (TLP), located 100-km off the coast of the Malaysian state of Sabah. Located in waters up to 500 m deep, Malikai is Shell’s second deepwater project in Malaysia, following the successful start-up of the Gumusut-Kakap platform in 2014. Malikai is expected to have a peak production of 60,000 bopd. As the company’s first TLP in the country, Malikai is an example of the strength of Shell’s global deepwater business, applying TLP expertise from decades of operations in the U.S. GOM.

Shell to idle two ultra-deepwater drillships as part of deal with Noble

Noble Corporation and subsidiaries of Royal Dutch Shell have agreed to amend the existing long-term contracts on three ultra-deepwater drillships.

Oil, gas exploration spend to fall to 12-year low as prices bite

Global spending on oil and natural gas exploration is set to fall next year to the lowest level in 12 years as the industry cuts costs and shuns more expensive areas, such as the Arctic, according to Wood Mackenzie.

Total awarded exploration blocks offshore Mexico

Total has been awarded exploration licenses on three blocks in offshore Mexico, following the country’s first competitive deep water bid round.

Atwood Oceanics agrees to delay delivery of ultra-deepwater drillships

Atwood Oceanics Inc. announced today that it has agreed with Daewoo Shipbuilding & Marine Engineering Co. (DSME) to delay the requirement to take delivery of Atwood's two newbuild ultra-deepwater drillships, the Atwood Admiral and the Atwood Archer, by two years to September 30, 2019 and June 30, 2020, respectively.

OGA offers additional blocks offshore the UK

Companies can now apply for new licences to drill for offshore oil and gas in a number of blocks in the Offshore 2016 Supplementary Round.

China International Maritime Containers Group acquires Frigstad Deepwater shares

Frigstad Deepwater Holding Ltd, a subsidiary of Frigstad Offshore Group, has decided to sell all of its shares in Frigstad Deepwater Ltd to a subsidiary of China International Maritime Containers Group (CIMC) with effect from Dec. 6, 2016.

Mexico's deepwater auction draws world’s biggest drillers

Mexico’s first competitive deepwater oil auction surpassed expectations as eight of 10 blocks were awarded to some of the world’s top oil companies.

Subsea Integration Alliance awarded deepwater integrated EPCIC contract by Murphy E&P

Subsea Integration Alliance has announced the industry’s first deepwater integrated subsea engineering, procurement, construction, installation and commissioning (EPCIC) multiphase boosting system award.

Post-OPEC rally no miracle cure for Latin America’s crippled oil giants

For the three titans of Latin American oil—Pemex, PDVSA and Petrobras—last week’s OPEC-driven price rally won’t be enough to halt a slow descent from the ranks of international crude heavyweights.

Mexico's reign dismantled as it welcomes oil giants

In Mexico, the era of big oil is just getting started. But for the state oil dinosaur, its best days appear to be behind it.

BP to add second platform to the supergiant Mad Dog field

BP has sanctioned the Mad Dog Phase 2 project in the U.S., highlighting its long-term commitment to the country despite the current low oil price environment. Mad Dog Phase 2 will include a new floating production platform with the capacity to produce up to 140,000 gross bopd from up to 14 production wells. Production is expected to begin in late 2021.

CGG delivers final preSDM data sets for Gabon south basin multi-client survey

CGG announced that the final processed depth volumes (Kirchhoff and RTM PreSDM) from the company's recent 3D BroadSeis multi-client survey in the highly prospective Gabon South Basin are now available for license.