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Storm Cut 73% of US Offshore Production

Jul 14, 2019

Tropical Storm Barry has cut 73%, or 1.38 million barrels per day (bpd), of crude oil production in the U.S.-regulated areas of the Gulf of Mexico, the U.S. Bureau of Safety and Environmental Enforcement (BSEE) said on Sunday.Natural gas output from the northern Gulf of Mexico is down 62%, or 1.7 billion cubic feet per day, BSEE said.A total of 283 production platforms, or 42%, remain shut in the Gulf of Mexico, BSEE said.(Reporting by Erwin Seba Editing by Nick Zieminski)

Pacific Drilling Must Pay $320M for Rig Order Cancellation

Jan 16, 2020

A London arbitration tribunal has ordered offshore drilling company Pacific Drilling to pay $320 million to Samsung Heavy Industries for a 2015 drillship order cancellation.Pacific Drilling had ordered the Pacific Zonda ultra-deepwater drillship from Samsung in 2013…

Shell Presses Ahead with Malikai Phase 2

Jan 13, 2020

Oil giant Shell has made a decision to invest in the second phase of its Malikai deepwater development offshore Malaysia.In an announcement on Monday, Shell's Malaysian subsidiary Sabah Shell Petroleum Company, the operator of the Malikai Tension-Leg Platform (TLP) located offshore Sabah…

Fugro Completes Deepwater AUV Survey for BSP

Dec 06, 2019

Fugro reports it has completed the first deepwater autonomous underwater vehicle (AUV) site survey for Brunei Shell Petroleum Company Sdn Bhd (BSP).The survey was performed in August in water depths of 600 m using the Fugro Equator, a dedicated geophysical survey vessel…

CNOOC Orders MacGregor Pull-in System

Oct 29, 2019

MacGregor has received an order from the China National Offshore Oil Corporation (CNOOC) to supply the riser pull-in system for a deepwater floating production unit (FPU) located in the Lingshui 17-2 gas field, offshore China.MacGregor, part of Cargotec…

CNOOC Q3 Capital Spending Surges

Oct 24, 2019

CNOOC Ltd, the listed arm of China's largest offshore oil and gas producer, on Thursday reported a 27.9% jump in capital spending in the third quarter amid Beijing's push to boost oil and gas exploration and production.Capital expenditure at CNOOC reached 19…

China Hosts Deep-Sea Exploration Contractors Meet

Oct 15, 2019

The third annual meeting between the International Seabed Authority (ISA) Secretariat and the contractors with deep-sea exploration contracts in the international deep-seabed (the Area) concluded in Changsa, China on Sunday.Delegates gathered…

BP Awards Caspian ACG Contracts

Sep 17, 2019

The upstream consortium, led by UK enerrgy giant major BP, announced that the Azeri-Central-East (ACE) project is moving forward at pace with the awards of key contracts.BP as operator of the Azeri-Chirag-Deepwater Gunashli (ACG) field development…

Deep Down Wins Shell Order

Aug 07, 2019

Houston-based oilfield services company Deep Down said it has received an order for umbilical support services from Shell Trinidad and Tobago.The company specializing in complex deepwater and ultra-deepwater oil production distribution system…

Boskalis Wins Woodside Scarborough Contract

Jul 30, 2019

Dutch dredging company Royal Boskalis Westminster N.V. has been awarded the contract for the seabed intervention and shore crossing activities for Woodside’s proposed Scarborough export gas pipeline in northwest Australia.The contract awarded by Woodside Energy Ltd…

Petrobras Reports Higher Q2 Production

Jul 26, 2019

Brazilian state-run oil firm Petroleo Brasileiro SA posted a modest production boost in the second quarter, but failed to live up to market expectations, sending shares down over 2% in morning trade.In an early Friday securities filing, Petrobras…

Deepwater Leads in Discovered Oil and Gas

Jul 12, 2019

Half of the 6.7 billion barrels of oil equivalent (boe) new conventional oil and gas discoveries in the first half of 2019 were deepwater finds, signalling a return for explorers to high-risk frontier deepwater plays, said analyst Rystad Energy…

Pemex Steering Clear of Deepwater

Jun 21, 2019

Petroleos Mexicanos will focus on shallow water projects and onshore plays, and avoid investing in its deepwater riches for now, as the ailing Mexican state-run oil company seeks to turn around a 14-year slide in crude production, a top official said on Thursday…

ExxonMobil to Redevelop Angola Block 15

Jun 06, 2019

American multinational oil and gas corporation ExxonMobil and its partners said that they will further invest in Block 15 offshore Angola to increase production as part of an agreement with Angola’s recently established National Agency for Petroleum…

W&T Strikes Oil in US Gulf of Mexico

Jun 06, 2019

Oil and natural gas producer W&T Offshore has discovered oil at the Gladden Deep prospect in Mississippi Canyon block 800 in the deepwater Gulf of Mexico.W&T is operator of the well, which is one of 14 planned for the drilling program under the Monza JV…

Current News

Barakah Offshore Files Petronas Carigali Claim

Barakah Offshore Files Petronas Carigali Claim

GC Rieber Crew Boats Stay in Russian Far East

GC Rieber Crew Boats Stay in Russian Far East

PetroChina's oil and gas trade turnover up 5% in 2019

PetroChina's oil and gas trade turnover up 5% in 2019

Yinson: 8th Extension for Lam Son FPSO

Yinson: 8th Extension for Lam Son FPSO

Pacific Drilling Must Pay $320M for Rig Order Cancellation

Pacific Drilling Must Pay $320M for Rig Order Cancellation

Oil Slips on Doubts About U.S.-China Deal, OPEC Outlook

Oil Slips on Doubts About U.S.-China Deal, OPEC Outlook

Keppel working on 3D-Printed Offshore Grade Steel

Keppel working on 3D-Printed Offshore Grade Steel

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