Deepwater ///

Norway’s Barents Sea ambitions fading as more projects disappoint

Norway’s vision of establishing a new major oil province off its northern tip has suffered another blow.

Liberia to offer nine offshore West Africa blocks in new licensing round

The Liberia Petroleum Regulatory Authority has announced the launch of its next offshore licensing round in the Harper basin, one of the last unexplored and undrilled regions offshore West Africa.

Hess dodges shale decline, leads S&P 500 via ‘fairy tale’ Guyana find

Hess rose above the carnage in shale stocks with a more traditional approach to oil exploration – partnering in a massive offshore discovery in a frontier nation.

Noble Energy’s first gas from Leviathan comes in $150M under budget

The first phase of development consists of four production wells producing through two 18-inch, 73-mile subsea tiebacks to a processing platform offshore northern Israel.

ExxonMobil and partners discover more oil in Stabroek block offshore Guyana

ExxonMobil and its partners announced another oil discovery on the Stabroek Block offshore Guyana, southeast of the Liza Field. The discovery adds to the current gross recoverable resource estimate of more than 6 Bboe.

Apache, Total form Suriname offshore exploration joint venture

Under the agreement, Apache and Total will each hold a 50% working interest in Block 58, which comprises approximately 1.4 MM acres in water depths ranging from less than 100 m to more than 2,100 m.

C-Innovation selects Magma composite jumpers for Gulf of Mexico intervention projects

Magma Global has been selected by C-Innovation to supply m-pipe thermoplastic composite subsea jumpers for flowline intervention in the Gulf of Mexico. The 4-inch diameter 10ksi m-pipes are expected to be deployed in the next few months.

Maersk Drilling awarded three-well contract offshore Trinidad by BP

Maersk Drilling has secured a three-well contract for the semi-submersible rig Maersk Discoverer with BP for development drilling at the Matapal project offshore Trinidad and Tobago.

Forum upgrades hyperbaric testing facility for 35% reduction in operational time

Located at the company’s Kirkbymoorside base in North Yorkshire, UK, the pressure test tank is one of the largest in Europe and provides a well-located facility for the critical testing of subsea equipment.

Talos Energy to spend $640 million acquiring Gulf of Mexico acreage and prospects

Talos president and CEO Timothy S. Duncan commented, "The acquisition of these assets significantly strengthens Talos's position as a basin-leading independent E&P company, providing increased scale and free cash flow, greater operational diversity and broader optionality in future growth.”

Chevron awards OneSubsea industry’s first fully integrated 20,000-psi production system

The equipment that will be deployed in the Anchor project is covered under the 20-year subsea equipment and services master order for Chevron’s development projects in the Gulf of Mexico.

Total begins FEED on North Platte 20,000-psi Gulf of Mexico discovery

The 20,000-psi field development plan is based on eight subsea wells and two subsea drilling bases connected via two production loops to a newbuild, lightweight floating production unit.

Chevron greenlights its Anchor 20,000-psi deepwater project in the Gulf of Mexico

Chevron has sanctioned the Anchor project in the U.S. Gulf of Mexico, marking the industry’s first deepwater high-pressure development to achieve a final investment decision.

SBM signs 22-year FPSO contract with Petrobras

FPSO Sepetiba will be deployed at the Mero field in the Santos basin offshore Brazil, 180 kilometers offshore Rio de Janeiro. Delivery is expected in 2022.

Maersk Drilling tags Halliburton and Petrofac for its Seapulse exploration drilling program

Maersk Drilling has signed agreements with Halliburton and Petrofac to collaborate on a shallow and deepwater exploration program to be delivered under Maersk Drilling’s master alliance agreement with Seapulse.

Springfield E&P makes significant oil discovery offshore Ghana

Springfield Exploration and Production Limited and its partners have made a significant oil discovery following its maiden Afina-1 well drilling campaign in the West Cape Three Points Block 2, offshore Ghana.

U.S. sanctions on Nord Stream 2 pipeline target subsea construction vessels

Sanctions aimed at blocking the Nord Stream 2 natural gas pipeline from Russia to Germany were included by U.S. lawmakers a must-pass defense bill, according to two people familiar with the legislation.

Mexico’s giant oil find is no miracle cure for ailing Pemex

Even as Mexico’s president and Pemex’s CEO touted the country’s most important find in three decades, it appears to be far from a panacea for the beleaguered state driller.

ADES secures two deepwater rig contracts offshore Kuwait

Both contracts were awarded by Baker Hughes, under a primary term of two years firm and an option to extend for another six months.

Fugro performs first deepwater AUV and geotechnical site survey for Brunei Shell Petroleum

The survey results will be critical for planning a safe drilling program, and will provide key inputs for engineering and design studies for pipeline routing and subsea structures in future deepwater field developments.