Less than eight months after its discovery, BP and the Egyptian government signed a heads of agreement to rapidly progress the development of the Atoll deepwater field offshore Egypt as early as 2018. BP's…
Image: Far Sentinel/Farstad Shipping Farstad Shipping has been awarded a three-year contract with up to three years options for CSV Far Sentinel by Subtec de C.V. for delivery of light construction work…
Audrey Raj explains how an old deepwater field such as Malampaya continues to power the Philippines and benefit its economy. In early 2015, the Malampaya Phase 3 depletion compression platform was towed from its fabrication site in Subic Bay…
The Mediterranean and North African region is largely considered to be a promising frontier oil and gas area, and yet, border tensions, and internal disputes have seriously held back exploration efforts. Audrey Leon surveys the prospects…
Heather Saucier speaks with Mark Randolph and Susan Gourvenec, professors at the University of Western Australia’s Centre for Offshore Foundation Systems, about deepwater geotechnical challenges, such as complex carbonates found off the coast of Australia…
Houston-based ConocoPhillips has made the strategic decision to drop out of its deepwater exploration program by 2017, despite a significant program that the company is executing in 2016. Ekofisk…
Retrieving an unreliable blowout preventer (BOP) is a necessary but expensive operation, costing upwards of US$1-2 million dollars. This cost can easily escalate in developing ultra deepwater regions such as Brazil, West Africa and Gulf of Mexico…
Noble Energy has commenced production from the Big Bend oil development in Mississippi Canyon 698 of the deepwater Gulf of Mexico. Noble and partners expect the single-well field to reach a maximum gross production rate of approximately 20…
Helix Energy Solutions Group's dedicated DP3 well intervention unit, the Q5000, semisubmersible entered service last week and is currently on hire for an unnamed client in the Gulf of Mexico, the company announced on 27 October. Helix took delivery of the semisub in May…
Technip has been was awarded the first contract to supply flexibles for the giant Libra field offshore Brazil. The contract will also see the first 8in oil production pipes to be installed in Brazil's pre-salt area. Libra Oil & Gas BV…
With ExxonMobil reported to be moving the Liza discovery in deepwater Guyana into pre-front-end engineering design (FEED) less than five months after confirming the find, the project has the potential to yield significant returns for investors…
Following the fate of the global oil industry, the short-term outlook for the remotely operated vehicle (ROV) market is set to be sluggish – but long-term these machines will play a key role in deepwater development and the technology they use is set for a leap forward…
Abdel Fattah Al-Sisi, president of Egypt, and Claudio Descalzi, Eni’s chief executive officer, met in Cairo to discuss Eni's activities in the country. Image from Eni. During the meeting…
Technip USA, Inc., an affiliate of Technip SA of France and 3D at Depth, a global technology provider of advanced subsea LiDAR systems and solutions, announced that they have signed a joint development agreement to expand and commercialize the LiDAR technology for subsea metrology…
As Mexico’s first offshore bidding round for already discovered fields saw bids significantly higher than the minimum set up by the government, adding further transparency to the process would be positive for the round as it approaches its deepwater phase…