Deepwater ///

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.

Jacobs wins Shell contract for Gulf of Mexico platform

Jacobs Engineering Group has been awarded a contract from Shell Offshore for its Vito host project in the Gulf of Mexico.

Over 600 offshore projects to be decommissioned over the next five years

The decommissioning of aging offshore oil and gas platforms, subsea wells and related assets is increasing dramatically, with more than 600 projects expected to be disposed of during the next five years. This rapid trend toward decommissioning is causing spending to rise significantly, according to a new study by IHS Markit.

GustoMSC reveals Scylax drillship design

GustoMSC, an independent design and engineering company, has unveiled a new drillship design: Scylax. The new design aims to facilitate mid- to deepwater developments by providing fit-for-purpose capabilities.

Nigerian oil misses goals after legal gridlock deters investors

When OPEC exempted Nigeria from its plan to cut oil output for the first time in eight years, it highlighted how far Africa’s biggest producer has fallen.

Statoil, Petrobras close Carcará acquisition

Statoil has completed its acquisition of Petrobras’ 66% operated interest of the BM-S-8 offshore license in Brazil’s Santos basin.

Seadrill earnings beat forecast as rig market seen improving

Seadrill Ltd.’s earnings beat forecasts as the offshore rig company controlled by billionaire John Fredriksen continues to cut costs and sees signs of improvement in a challenging market.

Talos Energy brings Tornado discovery online

Talos Energy has announced initial production from the Tornado exploration project in Phoenix field in the Gulf of Mexico. The field is located in Green Canyon Blocks 236, 237, 280 and 281 in approximately 2,700 ft of water.

Maersk Drilling, NOV challenge traditional maintenance with new partnership

Maersk Drilling and National Oilwell Varco (NOV) have entered into a five-year partnership to improve maintenance predictability for drilling equipment.

Wildcatters flee African deep water to weather oil rout

Drillers burned by a two-year slump in crude prices are slowing exploration of deepwater prospects off the coast of Africa, undermining a key driver of growth on the continent.

Obama said to block selling new drilling rights in U.S. Arctic

The Obama administration is set to block the sale of new oil and gas drilling rights in U.S. Arctic waters under a five-year blueprint, handing a victory to environmentalists who said the activity threatened whales, walruses and other wildlife in the region.