India’s Reliance Industries’ (RIL) MJ Discovery is estimated to have 1.4 Tcf of unrisked contingent resources offshore India, according to partner Niko Resources. MJ Discovery map. From Niko. The…
IntecSea Malaysia will help ONGC develop the KG-DWN-98/2 block in the Krishna Godavari (K-G) basin off the east coast of India. This comes after the announcement on 9 November that India's upstream oil regulator, the Directorate General of Hydrocarbons (DGH) in the Petroleum Ministry…
GE's latest Deepwater Vertical Xmas Tree is designed to reduce delivery lead times, with the objectives of higher reliability and extended service life. Rated for depths of up to 3000m, it is equipped with the SemStar5-R, GE’s next-generation…
The outlook for the deepwater and ultra deepwater market is positive, with a forecast capital growth rate of around 8% between 2014 and 2018, according to Infield Systems Ltd.’s deepwater and ultra deepwater report. Infield Systems anticipates…
The Bureau of Safety and Environmental Enforcement (BSEE) responded to an equipment failure onboard Transocean's Deepwater Nautilus semisubmersible drilling rig in the US Gulf of Mexico, the agency reported on 10 June 2014. Operator Shell Offshore Inc…
As Infield Systems prepares for the annual release of its Deep and Ultra-deepwater Market Report to 2018, we look to global development of the deepwater sector and the emerging trends over the forthcoming five years. Looking back over the previous five-year period…
Drilling rig giant Transocean says it has picked up new contracts worth about US$953 million since 17 April. Giving its fleet update report, the firm said other highlights include: Dhirubhai Deepwater KG1 drillship - Awarded a three year contract offshore Brazil at a dayrate of $440…
Douglas-Westwood has released its 12th World Deepwater Market Forecast (2014-2018), suggesting that deepwater spend will surge from 2016 onwards. Deepwater expenditure is expected to increase by 130%, compared to the preceding five-year period…
Deepwater drilling rig contractors are facing an uncertain future, with an increasingly fragmented market favoring those who contract the vessels, according to an analyst. The comments follow market updates from rig operators including Transocean Ltd…
Since the turn of the millennium, global pipeline investment has undergone sustained and, in recent years, robust growth as a result of favorable market conditions and industry trends, including: the continued high levels of investment in offshore development…
Transocean Ltd. announced that the ultra-deepwater drillship Dhirubhai Deepwater KG1 set a new world record for the deepest water depth by an offshore drilling rig. The drillship spudded a well in 10,411ft (3,174m) water depth, while drilling off India’s east coast for ONGC…
Transocean Ltd. today announced that the ultra-deepwater drillship Dhirubhai Deepwater KG1 has set a new world record for the deepest water depth by an offshore drilling rig. The rig recently spudded a well in 10,411ft (3174m) of water…
Royal Dutch Shell plc (Shell) has announced a final investment decision in the Stones ultra-deepwater project, a Gulf of Mexico oil and gas development expected to host the deepest production facility in the world. This decision sets…
Gregory Navarre has stepped up from COO to president of Horton Wison Deepwater following the departure of Jim Maher to pursue other interests. Navarre previously served in various positions with Global Marine and Horton Wison Deepwater’s sister company Wison Offshore & Marine (USA).
Chinese companies have stepped up their activities over the last year, and two recent reports from analysts Infield Energy Analysts and Wood Mackenzie suggest increased activity in the near future, especially as the NOCs venture into deeper waters…
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