Deepwater ///

ADNOC CEO says oil and gas industry a critical enabler of economic growth

The global oil and gas will be a critical enabler of economic growth in the 4th Industrial Age, according to His Excellency Dr. Sultan Ahmed Al Jaber, UAE minister of state and group CEO, ADNOC.

Weatherford unveils technology to transform well construction

Weatherford International plc has introduced Vero automated connection integrity, which applies artificial intelligence to minimize safety risks and validate well integrity with absolute certainty.

Global oil and gas leaders discuss evolving energy landscape

Twenty-six of the world’s leading oil and gas sector leaders gathered in Abu Dhabi on Sunday, for a high-level industry forum focused on the evolving dynamics of the energy landscape, and the opportunities for hydrocarbon-produced energy to support global growth, today, and in the future.

Total inaugurates the Kaombo project and reiterates its commitment to Angola

The Angolan State Minister for Economic and Social Development, Manuel Nunes Junior, the Chairman and CEO of Total, Patrick Pouyanné, and the Chairman of the Board of Directors of Sonangol, Carlos Saturnino, inaugurated the Kaombo project

EIA: New Gulf of Mexico projects expected to reverse gas production declines

Natural gas production in the U.S. Federal Gulf of Mexico (GOM) has been declining for almost two decades. EIA expects nine new natural gas production projects to start in 2018 and another seven to start in 2019.

Fugro, L3 ASV partner to develop next-generation autonomy

Fugro has signed a joint development agreement with L3 ASV, a leader in the field of unmanned and autonomous vessel technology, to create the next generation of autonomous vessels for the commercial survey market.

Danos secures contract for Shell's Ursa platform

Danos announced today that Shell Exploration and Production Company, a subsidiary of Royal Dutch Shell plc, has awarded a contract to Danos for the coatings maintenance campaign for the Ursa tension leg platform (TLP).

Wartsila acquires Spanish Burriel Navarro

The technology group Wärtsilä has acquired Burriel Navarro, S.L, a company operating in underwater services in the main ports of Spain.

KG basin will play crucial role in India natural gas move

At a time when production at traditional offshore assets on the west coast is set to decline over the next decade, the upcoming deepwater and ultra-deepwater projects in the Krishna-Godavari (KG) basin at the Bay of Bengal will play a crucial role in India’s move towards a natural gas-based economy.

Turkey explores contested Mediterranean waters

Turkey’s first deep-sea drilling ship, flanked by Turkish war vessels, set sail Tuesday looking for natural gas and oil in contested waters of the Mediterranean, a launch liable to exacerbate longstanding tensions with Greece.

Nigeria heads out to sea in search of safer future for oil development

When it comes to the future of its oil industry, Nigeria is looking miles out to sea.

Shell adds new, deepwater production in Brazil

New, deepwater production is underway today at Lula Extreme South in the Brazilian Santos basin. Royal Dutch Shell plc, through its subsidiary Shell Brasil Petróleo Ltda. (Shell) and consortium partners, announces that the FPSO P-69 is now producing.

Exxon said to return to favored pick in Ghana partner search

Exxon Mobil resumed talks with Ghana Oil as the major nears a deadline to find a local exploration partner at an offshore field.

ROVOP acquires M2 Subsea's entire ROV fleet

ROVOP, the independent provider of underwater remotely operated vehicles (ROVs), has today announced the purchase of the entire fleet of 28 ROV systems from M2 Subsea.

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.