Deepwater ///

Oil majors offload Gulf of Mexico fields to hunt bigger finds

Big Oil is giving up looking for singles and doubles in the Gulf of Mexico: Now it’s home runs or bust.

Petrobras, Murphy E&P form JV with Gulf of Mexico assets

Petrobras informs that today its subsidiary, Petrobras America Inc., has entered into a definitive agreement with Murphy Exploration & Production Company – USA, a wholly owned subsidiary of Murphy Oil Corporation, to form a joint venture company comprised of producing oil and gas assets in the Gulf of Mexico.

ICON completes world's deepest CAN-ductor deployment and recovery

The world's deepest installation of a CAN-ductor (Conductor Anchor Node suction pile with integrated conductor) well foundation has been completed after being successfully recovered from Woodside Energy's Ferrand-1 deepwater exploration well.

Chevron exits Norway as wider retreat looms from North Sea

Chevron Corp. is selling its last remaining oil exploration license in Norway, putting it one step closer to a full retreat from the aging North Sea basin as the U.S. major seeks higher returns elsewhere.

Companies in the news

Michele Cowart, World Oil

Norway’s largest and longest pipeline, laid by the vessel Saipem Castorone, has reached Johan Sverdrup field.

Equinor reduces estimated investments in Norway by some NOK 30 billion

Equinor has reduced the estimated investments for operated projects in the development phase on the Norwegian continental shelf by some NOK 30 billion ($3.6 billion) since the development plans were submitted to Norwegian authorities.

Stress Engineering Services delivers advanced monitoring and inspection solutions to Noble Corporation plc

Stress Engineering Services, Inc. has delivered a state-of-the-art real-time drilling riser and wellhead monitoring system (RFMS) for Noble Corporation’s ultra-deepwater drillship Noble Tom Madden.

Aker Solutions wins subsea order for giant Mero field, offshore Brazil

Aker Solutions has signed a contract with Petrobras to provide a subsea production system and related services for the Mero 1 project within the Mero field development, one of the largest oil discoveries in Brazil's pre-salt area.

BHGE, McDermott, LTHE awarded contract for ONGC's largest deepwater project

Baker Hughes, a GE company, McDermott International, Inc. and L&T Hydrocarbon Engineering (LTHE), a subsidiary of Larsen & Toubro (NSE: LT), were awarded the subsea contract for India’s Oil & Natural Gas Corporation’s (ONGC) largest deepwater project, the development of block DWN-98/2 in the Krishna Godavari basin.

Exxon adds acreage to its deepwater portfolio offshore Brazil

ExxonMobil has increased its holdings in Brazil’s pre-salt basins after it won the Titã exploration block with co-venturer Qatar Petroleum during Brazil’s 5th pre-salt bid round.

Maersk Drilling awarded deepwater contract offshore Ghana

Aker Energy and Maersk Drilling have agreed upon a new contract that will send deepwater drillship Maersk Viking from the Gulf of Mexico to Ghana to start drilling an appraisal well during fourth-quarter 2018.

Deepwater oil rigs on brink of recovery after years in doldrums

Deep-sea oil drillers are once again riding the wave of investor enthusiasm that next year will be better for profits.

Major Gulf of Mexico producer weighs 2019 IPO

Fieldwood Energy, an offshore oil and gas explorer that emerged from bankruptcy in April, is weighing an initial public offering, according to people familiar with the matter.

New products and services

Michele Cowart, World Oil

Weatherford International introduced its Rotaflex long-stroke pumping unit that improves artificial lift efficiency in deep, high-volume and high gas-to-liquids wells.

Regional Report: India

Michele Cowart, World Oil

Over the next 30 years, India is predicted to be one of the world’s fastest-growing economies.

Shell in talks to sell $1.3 billion in Gulf Coast assets

Royal Dutch Shell Plc, shedding assets to pay for its takeover of BG Group Plc, is in talks to sell its interest in a Gulf of Mexico oilfield to Focus Oil, according to people familiar with the matter.

Chet Morrison Contractors, iSIMS introduce structurally optimized jacket design

Chet Morrison Contractors (Morrison), a leading energy service company for the oil, gas and renewables industries, has formed a strategic partnership with iSIMS to launch the iJacket, a new optimized method in jacket and foundation design.

Aker Solutions wins services contract with Brazilian major

Petrobras has awarded Aker Solutions a contract to provide maintenance and modifications services for nine platforms at oil and gas fields in the Campos basin offshore Brazil.

Fugro secures E&P support contracts in Trindad and the Gulf of Mexico

Fugro has won three contracts with BHP Petroleum (Deepwater) Inc., which see the company delivering a range of specialist services to support exploration and production operations in Trinidad and Tobago and the Gulf of Mexico.

Gordon weakens to tropical depression after shutting in 9% of GOM production

Gordon was rapidly weakening to a tropical depression after coming ashore near the Alabama-Mississippi border late Tuesday and killing at least one person while knocking out power to thousands.