Deepwater ///

GustoMSC introduces new harsh environment semisubmersible series

GustoMSC has launched a new harsh environment semisubmersible series—the OCEAN-HE.

Seadrill profit beats estimates as debt restructuring looms

Seadrill, the offshore drilling company controlled by billionaire John Fredriksen, beat earnings estimates after slashing costs while continuing talks with creditors.

Exxon, Chevron, Hess said to be in joint bid for Mexican oil

Exxon Mobil Corp., Chevron Corp. and Hess Corp. have agreed to bid together for rights to drill for crude in Mexico’s deepwater oil areas, according to a person with direct knowledge of the plans.

Drilling contract awarded to Frigstad Shekou drilling rig

A drilling contract has been awarded to the Frigstad Shekou, which is the first of two ultra deepwater semisubmersible drilling rigs, which were ordered by Frigstad Deepwater Ltd in December 2012.

Coring tool retrieves 71 sidewall core samples in one run

Aleksandar Milankovic, Ricardo Senne, Pablo E. Coronado, Halliburton

A high recovery rate and world record helped Petrobras achieve objectives, while saving 24 hr of deepwater drillship time, as well as operational costs.

Technip, DOF Subsea joint venture takes delivery of PLSV Skandi Açu

Technip and DOF Subsea’s 50/50 owned joint venture, TechDof Brasil AS, has taken final delivery of the pipe-lay support vessel (PLSV) Skandi Açu, the companies said Tuesday.

Forged completion landing string addresses industry challenges

Mathieu Massines, Romain Branly, Alexandre Catry, Vallourec

A new forged completion landing string gives operators and drilling contractors the flexibility to use the same tubular string for both drilling and completion operations, without compromising performance or safety.

Rotating solid expandable liner solves issues in high-angle directional wells

Roy Baker, Enventure Global Technology

The use of solid expandable liners is increasing; however, the perception remains that they are viable in limited applications. Yet, changes to the expandable connection and expansion assembly have enabled a liner to be rotated, to reduce the risk of stuck pipe when running tubulars in a directional wellbore.

Halliburton introduces largest hole-size LWD density service

Sperry Drilling, a Halliburton business, has announced the release of the 9 1/2-in. Azimuthal Lithodensity (ALD) service, providing real-time density measurements and images in boreholes up to 17 1/2 in.

Offshore in depth

Ron Bitto, Contributing Editor

Do super-majors always win?

Transocean lowers cost guidance 9% after posting surprise profit

Transocean Ltd. followed up a surprisingly profitable three months by revealing there’s more costs to cut as the world’s largest owner of offshore rigs gets smarter at parking equipment that explorers don’t want.

Transocean posts unexpected profit thanks to cost cuts

Transocean Ltd. surprised analysts by slashing its way to profitability in the second quarter as the world’s largest owner of offshore rigs tries to keep up with dwindling drilling demand from explorers.

Husky, CNOOC resolve Liwan gas dispute by lowering prices

The end of a dispute over prices from an offshore Chinese energy project resolves an overhang on shares of Husky Energy Inc. and prospects for natural gas development in the Asian nation.

Transocean Ltd. to acquire Transocean Partners

Transocean Ltd. has agreed to acquire all of the outstanding common units of Transocean Partners LLC not already owned by Transocean in a share-for-unit merger transaction.

Statoil buys $2.5-billion stake in Santos basin license from Petrobras

Statoil is to acquire Petrobras’ 66% operated interest in the BM-S-8 offshore license in Brazil’s Santos basin.

Venari Resources ups stake in deepwater Shenandoah field

Venari Resources has acquired an additional 7% working interest in Shenandoah field on Walker Ridge Blocks 51, 52 and 53. The company also reported successful results from the Shenandoah #5 appraisal well.

Shell reports new deepwater discovery in U.S. Gulf of Mexico

Shell has made a new discovery in the deepwater U.S. Gulf of Mexico. The initial estimated recoverable resources for the Fort Sumter well are more than 125 MMboe.

Well Control Rule set to take effect this week

With many of the Well Control Rule provisions set to take effect in less than a week, on July 28, Bureau of Safety and Environmental Enforcement (BSEE) Director Brian Salerno today reminded his senior staff to provide timely responses to any questions the agency receives.

Deep Down nets orders valued at over $3 million

Deep Down, an oilfield services company specializing in deepwater and ultra-deepwater oil production distribution system support services, has received orders for flying leads and umbilical accessories, valued at over $3 million, directly from two major operators.

Noble Energy starts production at Gunflint in deepwater Gulf of Mexico

Noble Energy has started production at the company's Gunflint oil development in the deepwater Gulf of Mexico.