The US Gulf of Mexico deepwater Madison well has been plugged and abandoned after failing to find commercial hydrocarbons. Operator Noble Energy drilled the well to a total depth of 16,850ft, in 7149ft water depth, on Mississippi Canyon 479…
Companies in the deepwater drilling market have lost more than half of their value over the last year; Transocean, Seadrill, ENSCO and Diamond Offshore are currently priced 56% lower on average compared to January 2014 in line with the decrease in oil prices…
The N'Goma FPSO is now on hire to Eni after achieving a 72-hour continuous production test in early December and receiving a Production Readiness Notice (PRN). The N’Goma FPSO is operating on the West Hub, on Block 15/06 offshore Angola…
Singapore’s Jurong Shipyard awarded Ezra Holding subsidiary London Marine Consultants (LMC), a contract to supply an external turret mooring system for the Libra field’s extended well test (EWT) FPSO vessel. The Libra oil field is a large…
Italian giant Eni signed two concession agreements to explore two blocks in the Mediterranean Sea offshore Egypt as part of the 2013 Egyptian General Petroleum Corp. (EGAS) bid round. Image from Eni. Blocks…
Huawei Marine, a global submarine network provider, today announced the successful completion of sea trials for its second-generation Repeater, RPT 1660 R2, and Branching Unit, BU 1650 R2. Both second-generation products were recently…
Hess awarded Enbridge a contract to build, own, and operate a lateral pipeline estimated at US$130 million, to connect the Stampede development to an existing third-party pipeline system in the Gulf of Mexico. Gulf of Mexico platform…
Magma Global and Maritime Developments (MDL) entered into a partnership to develop a well intervention solution for the offshore oil and gas market. Image from MDL. This partnership…
Houston-based deepwater focused oilfield services firm Deep Down, Inc. has won a large order for flying leads and ancillary equipment directly from one of the supermajor operators. The flying leads will be delivered and deployed in the Gulf of Mexico by Q1 of 2016…
EMAS AMC's subsea division EMAS has secured a subsea construction contract for its newbuild flagship vessel with Apache Energy in Australia valued worth more than AUZ$130 million (approximately US$105 million). The work scope includes project management…
2H Offshore teamed up with oil and gas industry leaders to develop a new design guideline for thermoplastic composite pipes (TCP) to advance the understanding and use of composite materials in the offshore industry. The joint industry…
Petrobras has made new oil discoveries in the Espirito Santo Basin, offshore Brazil, according to exploration partner Inpex. The discoveries, in the BM-ES-23 concession, 115km off the coast of the State of Espirito Santo, southeastern Brazil…
CNOOC encountered oil and gas at its deepwater Lingshui 25-1 prospect in the Qiongdongnan Basin in the South China Sea, the operator confirmed on 6 January 2015. The well was tested to produce about 35.6 MMcf/d of natural gas and 395 b/d of oil…
McDermott International received authorization from the Central Administration of Customs in Mexico to operate its Altamira fabrication facility near Tampico, Mexico, as a free trade zone. The Altamira fabrication yard…
Helix Energy Solutions Group, OneSubsea, and Schlumberger executed definitive agreements for the companies’ non-incorporated alliance, formed to develop technologies and deliver equipment and services to optimize the value chain of subsea well intervention systems…
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