While outages in Canada and Nigeria have helped a rally in oil prices, the outlook for 2017 isn't looking favorable as new projects come online, says Douglas Westwood. Matt Cook, who has authored the firm's World Drilling and Production…
Quest Offshore's Andrew Jackson discusses how the depressed global market dynamics are affecting one of the world's premier deepwater basins. Oil from the Bonga North West underground reservoirs…
Floating offshore wind projects are gaining momentum in Europe and elsewhere, including Japan. But, the concepts on offer still vary. Elaine Maslin reports. Hywind schematic. Images from Statoil…
The Bevel 360 tool in operation. Photos from OMS. In deepwater pipeline projects, welding fatigue-sensitive steel catenary risers (SCR), corrosion resistant alloy (CRA) pipes and flowline pipes to tight specifications is critical…
Stone Energy has terminated an existing long-term deepwater rig commitment with Ensco for a total consideration of US$20 million. The agreement includes approximately $5 million that was a deposit previously provided to Ensco pursuant to the drilling services contract…
New drilling results at ExxonMobil’s Liza discovery offshore Guyana are revealing the potential of recoverable resources to be up to 1.4 billion boe. Image from Exxon Twitter. The…
Tullow Oil's TEN floating production project offshore Ghana is on schedule for first oil within the next three to six weeks, the firm announced this morning. Tullow says the project, which is also within budget, is over 96% complete…
Delta SubSea and Boskalis Subsea Services have entered into a memorandum of understanding (MoU) to provide integrated diving and ROV solutions in the Gulf of Mexico. Image from Boskalis. The…
Ezra Holdings has received a total of some US$300 million in awards for several new deepwater projects in various offshore oil producing regions in the Gulf of Mexico, Southeast Asia and West Africa. The scope of work for these new projects include project management…
Aquatic Engineering & Construction and recent alliance partner James Fisher Offshore (JFO), have completed their first global collaboration project for Ocean Installer Texas in the Gulf of Mexico (GOM). The project scope includes recovery…
Oil major BP is planning to reach first gas from its 1.5 Tcf and 31 MMbbl condensate deep water Atoll field offshore Egypt in 1H 2018. The firm has sanctioned a Phase One development project targeting up to 300 MMcf/d, with backing from the Egyptian Natural Gas Holding Company (EGAS)…
Forum Energy Technologies (FET), a subsea technology provider, has unveiled a deepwater test facility and received industry accreditation for the calibration laboratory at its new European Operational Centre in Aberdeen. The primary purpose…
Mexican state oil company Petróleos Mexicanos (Pemex) has chosen its first-ever farmout deal by offering stake in its Trion deepwater field, in the Gulf of Mexico near the US border. Image of Gonzalez Anaya…
Italy's Saipem is to lead the industrialization and commercialization of Springs ('Subsea PRocess and INjection Gear for Seawater'), a subsea water treatment technology designed for deep water application, developed in collaboration with oil major Total and water treatment specialist Veolia…
The first call for Mexico’s Round 2.1, consisting of 15 shallow water blocks, is anticipated to be released before the end of July, the country’s Secretary of Energy confirmed in Monterrey. The…