The recent collapse in oil prices could chop $300 million to $600 million off 2020 exploration budgets in Brazil, which has emerged as one of the world's hottest offshore oil plays, specialists at consultancy Wood Mackenzie told Reuters.Before…
Deepwater acreage will continue to attract significant company interest through 2020, said a report.According to GlobalData, a significant portion of the acreage available in Q1 2020 is located in either deep or ultra-deep water, up from the previous quarter…
Dutch provider of geo-intelligence and asset integrity solutions Fugro has partnered with the US National Oceanic and Atmospheric Administration Office of Ocean Exploration and Research (NOAA OER) to establish a new ‘opportunistic’ approach…
Oilfield services firm TechnipFMC has said it won a 'significant' integrated engineering, procurement, construction, and installation contract from BP in Angola. For Technip - 'significant' contract is between $75 million and $250 million.Under the contract…
Equinor Energy has received approval from the Norwegian Petroleum Directorate to drill a wildcat well in the North Sea, offshore Norway.The company will use the West Hercules semi-submersible drilling rig to drill the Gabriel prospect exploration well formally named well 35/10-5…
Shearwater GeoServices has won a major Ocean Bottom Seismic deepwater ROV project by TGS and partner in the Gulf of Mexico, USA. This will be Shearwater's first OBS ROV (Remotely Operated Vehicle) survey. Irene Waage Basili, the CEO of Shearwater…
Seismic firm TGS, in partnership with oilfield services giant Schlumberger, has announced the second phase of its ultra-long offset node project in the U.S. Gulf of Mexico.The phase will extend the footprint of ultra-long offset data to the…
Equinor has received regulatory approval to use the Deepsea Atlantic offshore drilling unit for operations at Tordis and Vigdis fields in the North Sea, offshore Norway.The Petroleum Safety Authority said Friday that the drilling and completion operations…
Swiss bank UBS won't fund new offshore oil and gas projects in the Arctic, and will 'enhance due diligence' on some deepwater drilling projects.In a statement on Thursday, UBS said it had, in 2019, reduced carbon-related assets on its balance sheet to USD 1…
Equinor, with its partners Shell and Total, has completed the drilling of confirmation well 31/5-7 Eos south of the Troll field in the North Sea. The purpose was to determine the suitability of the reservoir in the Johansen formation for CO₂ storage…
Sandvik reports it has won the first large-scale stainless steel umbilical tube order in Brazil’s pre-salt Mero oilfield.Mero is an expansive pre-salt oilfield in the Santos Basin offshore Rio de Janeiro with immense oil production potential…
Offshore installation contractor Subsea 7 on Tuesday said it had won a contract from Murphy Oil for the provision of the subsea installation services related to the Samurai, Khaleesi, and Mormont developments in the U.S. Gulf of Mexico.The contract…
Danish offshore drilling contractor Maersk Drilling has secured a one-well contract for the semi-submersible rig Maersk Discoverer offshore Egypt with an unnamed client.The contract has an estimated duration of 21 days and is expected to start in March 2020…
French oil company Total plans to invest between $600 million and $700 million per year in Brazil for oil exploration and production through 2024, newspaper Valor Economic reported on Monday.Total's global chief for oil and exploration, Arnaud Breuillac…
As New Year 2020 unfolds, there are 21 floating production, storage and offloading units (FPSO) on order, and unlike a year ago, these — and not floating liquefied natural gas (FLNG) — are the unheralded story. Driven by a decent price for oil…
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