Petrobras has signed a heads of agreement (HoA) with Norway's Statoil to commit to assessing cooperation opportunities aligned with their business strategies relating to deepwater mature fields. The agreement is in continuity with a memorandum of understanding signed in August 2016…
Ophir Energy has awarded an upstream construction for its Fortuna floating LNG project - west Africa's first deepwater FLNG project - to Schlumberger company OneSubsea and Subsea 7's Subsea Integration Alliance. The contract is an engineering…
Connector Subsea Solutions and Hydratight completed the world’s first deepwater riser repair at 1250m depth for BP off West Africa. Pål Magne Hisdal, Andre Midtun and Ivar K. Hanson explain. Image from the installation phase…
Is deepwater still relevant? Shell thinks so, from optimizing its existing production to new projects. But when will the tap be turned? Elaine Maslin reports. Shell’s Olympus platform. Photo from Shell's Flickr…
QGEP Participações has completed two separate farm-out agreements, one with ExxonMobil and one with Murphy Oil in the Sergipe Alagoas Basin. The farm-out agreements are for Blocks SEAL-M-351 and SEAL-M-428. Additionally, QGEP and its…
TechnipFMC has been awarded an engineering, procurement, construction and installation contract by Statoil for work on the Peregrino Phase II project in the Campos Basin offshore Brazil. The contract covers the execution of the subsea…
Deepwater Gulf of Mexico focused LLOG Exploration has set out plans for developing six projects, following successful exploration work in 2016-17, with nine deepwater wells due to be brought online by the end of 2018. One well is already producing…
CGG has completed ahead of schedule an 11,500sq km wide-azimuth (WAZ) survey on behalf of Pemex in the deepwater Perdido area. This new survey has been acquired perpendicularly to existing WAZ data and the combined Imaging of this first…
Transocean is taking a US$1.4 billion impairment in Q3 2017 following the drilling contractor’s decision to scrap five ultra deepwater floaters, and one deepwater rig. The Sedco Express ultra deepwater floater will be scrapped…
French oil major Total says it has agreed to capture seven prospects, over 16 Chevron-operated blocks in deepwater Gulf of Mexico (GoM), in a move that analysts say could revitalize Total's GoM portfolio. Map…
Uruguay's Ministry of Industry, Energy and Mining (MIEM) and national oil firm ANCAP have launched the Uruguay Round 3, an offshore licensing round. Image from iStock. Seventeen…
Power has been restored to BP’s Thunder Horse production platform in the US Gulf of Mexico. Thunder Horse. Image from BP. The company has started redeploying offshore personnel to Thunder Horse…
Mexico's Petróleos Mexicanos (Pemex) is seeking a partner for its Nobilis-Maximino deepwater area in the Gulf of Mexico, following the company's strategy to take advantage of the Energy Reform. Map of Nobilis-Maximino…
In 1994, when BP and SOCAR signed a deal for the development of the Azeri, Chirag and Gunashli oil fields in the deepwaters of the Caspian Sea, it was dubbed the 'Contract of the Century.' Now, the 'Contract of the New Century' has been signed…
InterMoor has been contracted by Subsea 7 to provide mooring and tow services for BP’s Mad Dog 2 project in the US Gulf of Mexico, InterMoor announced today (11 September). The contract's scope includes InterMoor securing the new semisubmersible production platform at depths of 4440ft…
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