Deepwater ///

Cooler Atlantic may dash oil bulls' hopes this hurricane season

Energy and agricultural market bulls: Beware of a cooler Atlantic Ocean.

South Africa halts oil exploration permits to revamp licensing

South Africa’s Department of Mineral Resources has issued a moratorium on new applications for petroleum exploration and development in order to change its licensing process.

Maersk establishes new name for decommissioning JV

With the senior management team now in place and interest growing from potential customers, the decommissioning joint venture reaches a new milestone with the launch of its new name: Maersk Decom.

POSCO DAEWOO Corp. selects McDermott and BHGE for Myanmar development

McDermott International, Inc. and Baker Hughes, a GE company, announced the award of a contract by POSCO DAEWOO Corp. for phase two of the Shwe gas field development offshore Western Myanmar.

KCA Deutag awarded contract on two platforms in the UK North Sea with Total

Global drilling and engineering contractor KCA Deutag announces that its offshore business unit has been re-awarded a new drilling contract on the North Alwyn and Dunbar platforms by Total E & P UK Limited (“Total”).

Petrobras announces start of production at Tartaruga Verde field

Petrobras has announced the start of production at Tartaruga Verde field, in the deep waters of the Campos basin, by means of FPSO Cidade de Campos dos Goytacazes.

Eni reports discovery at Kalimba prospect, offshore Angola

Eni announces a new oil discovery in Block 15/06, in the Kalimba exploration prospect, in Angola’s deep offshore. The new discovery is estimated to contain between 230 and 300 MMbbl of light oil in place.

BHGE’s Unify makes the case for digital technology in O&G, saying "we can do better"

“Technology is no longer the bottleneck, it’s the enabler,” said Matthias Heilmann, president and CEO of digital solutions at BHGE, at the company’s second Unify conference, held this week in Houston.

BHGE’s Unify makes the case for digital technology in O&G, saying "we can do better"

“Technology is no longer the bottleneck, it’s the enabler,” said Matthias Heilmann, president and CEO of digital solutions at BHGE, at the company’s second Unify conference, held this week in Houston.

Danos wins contract for Shell's Appomattox platform in deepwater GOM

Danos is pleased to announce that Shell Exploration and Production Company, a subsidiary of Royal Dutch Shell, has awarded a contract to Danos to provide coatings for Shell’s deepwater Appomattox platform in the Gulf of Mexico.

ONGC moves 29 offshore rigs ahead of Indian monsoon season

The Oil and Natural Gas Corporation Limited (ONGC) has successfully moved 29 mobile offshore drilling rigs prior to the Indian monsoon season.

Oil rigs operating off Africa rebound to highest in two years

Oil exploration in Africa is showing signs of recovery after the number of rigs off the continent rose to the highest in almost two years, with more scheduled in coming months.

Equinor deepens position in Brazil's pre-salt region

Equinor, ExxonMobil and Petrogal Brasil presented the winning bid (75.49% profit oil) for the Uirapuru production sharing contract in the Santos basin. Petrobras exercised its right to enter the consortium and will be the operator with 30% equity.

Azinam secures deepwater drillship for Prospect S, offshore Namibia

Azinam Limited, the Seacrest Capital Group backed explorer focused on offshore Namibia, has announced that the Ocean Rig Poseidon sixth generation deepwater drillship has been contracted by the license partnership to drill one firm and one optional well, with the first well targeting Prospect S, located in Petroleum Exploration Licence (PEL) 71, offshore Namibia.

Brazilian pre-salt continues to deliver high productivity performance, says GlobalData

Presently, ultra-deepwater Brazilian pre-salt prevails by delivering high productivity performance assurance to the industry expectations and to the government advantage, according to GlobalData, a leading data and analytics company.

Shell announces start of production at first phase of Kaikias in the Gulf of Mexico

Shell Offshore, Inc. (Shell), a subsidiary of Royal Dutch Shell plc, has announced the early start of production at the first phase of Kaikias, an economically resilient, subsea development in the U.S. Gulf of Mexico.

Total takes FID for Zinia 2 development offshore Angola

Total and its partners have taken the final investment decision to launch the Zinia 2 deep offshore development in Block 17, 150 km offshore Angola.

Equinor awards drilling contract for Fram, Askeladd licenses

Equinor (formerly Statoil) has awarded Odfjell a contract for drilling two times three production wells for the Fram and Askeladd licenses by using the Deepsea Atlantic rig. Odfjell has also been awarded a master framework agreement (MFA).

Peru repeals Tullow Oil laws signed as Kuczynski quit presidency

Peru’s President Martin Vizcarra repealed decrees permitting London-based Tullow Oil Plc to begin exploration at five offshore oil blocks, in a move criticized by the industry as creating uncertainty for investors.

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

Shell Offshore, Inc. has announced a large deepwater discovery in the Norphlet geologic play in the U.S. Gulf of Mexico with its Dover well (100% Shell).