Deepwater
News
August 01, 2024
Occidental Petroleum Corp. and Ecopetrol SA are gearing up to plumb the depths of Colombia’s Caribbean waters in search of oil and gas. The plan is to drill the Komodo-1 well before the year is out in seas roughly 3,900 m (close to 13,000 ft) deep. That’s equal to about 10 Empire State Buildings stacked on top of each other and would shatter the current water-depth record holder in Angola.
News
July 31, 2024
World Oil and its parent, Gulf Energy Information, are pleased to announce that Repsol, a leader in global deepwater operations, has agreed to serve as Host Sponsor for the 2025 Deepwater Development Conference (MCEDD). Scheduled for March 25-27, 2025, in Madrid, this event will focus on the theme, “New Deepwater Plays, New Deepwater Ways.”
News
July 31, 2024
Transocean Ltd. announced a 1,095-day contract for the Deepwater Invictus with bp in the U.S. Gulf of Mexico. The program is expected to commence in the first quarter of 2025 and is estimated to contribute approximately $531 million in backlog.
News
July 26, 2024
Noble Corp. and Diamond Offshore Drilling Inc. announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 for their pending merger.
News
July 17, 2024
Etu Energias has entered a deal to acquire Galp Energia’s stake in Block 32, Block 14, and Block 14K offshore Angola for $443 million. The acquisition transaction includes Galp’s 5% non-operating stake in Block 32, 9% non-operating stake in Block 14, and 4.5% non-operating stake in Block 14K.
News
July 10, 2024
Following a call for tender, Vallourec has been awarded a contract by TotalEnergies to supply almost 5,000 tonnes of OCTG solutions and associated services for the Kaminho deepwater project on Block 20, 100 km offshore Angola.
News
July 10, 2024
Corinth Pipeworks has been awarded a significant contract by Woodside Energy, as operator of the Trion deepwater field in the Gulf of Mexico, to manufacture and supply approximately 118 km of High Frequency Welded (HFW) steel pipes.
News
June 26, 2024
Located within an emerging basin, 60 km offshore Principe, Block STP02 covers an area of 4,969 km2. Block STP02 is adjacent to the Block STP01 license operated by TotalEnergies (55%) alongside Sonangol (30%) and ANP-STP (15%).
News
June 05, 2024
The Kaskida project is a greenfield development 250 miles southwest of New Orleans, in the Keathley Canyon area of the Gulf of Mexico. Comprising a single topside module supported by a four-column semi-submersible hull, the Kaskida FPU is supported by subsea production wells located in a water depth of approximately 6,000 ft.
News
May 21, 2024
Designed to minimize greenhouse gas (GHG) emissions and eliminate routine flaring, this FPSO is all-electric, and associated gas will be fully reinjected into the reservoirs. Production start-up is expected in 2028, with a plateau of 70,000 bopd.
News
May 13, 2024
The new standard merges different design methods (Working Stress Design and Load and Resistance Factor Design or partial safety factor) into a unified approach. Through this consolidated method, components are made to withstand different kinds of stresses, and extensive tests will ensure they meet safety standards under specific conditions.
Article
April 2024
Unlocking the promise of America’s Great Lower Tertiary Play by adopting a safer, more profitable dry tree approach.
Article
April 2024
A new event detection and management service integrates proven MPD and wired drill pipe technologies for faster detection and resolution of downhole events and safer, more efficient deepwater drilling.
News
April 24, 2024
Rhino Resources holds operatorship of Block 2914A (PEL 85). This block in the Orange basin boasts significant potential. It is strategically located less than 20km from the nearest discovery and amidst multiple Namibian discoveries made over the last two years. The block’s proximity to other international operators further underscores its strategic relevance.
News
April 18, 2024
The FPSO Jaguar’s design is based on SBM Offshore’s Fast4Ward program that incorporates the company’s 7th new build, multi-purpose floater hull combined with several standardized topsides modules.
News
April 17, 2024
According to Petrobras, that number is likely to grow even more. With new production systems to be installed in the coming years, the field's capacity will be increased to around 2 MMbpd by 2030.
News
April 14, 2024
In a session entitled, "Electrification of Subsea Developments and Brownfield Infrastructure," at the 2024 Marine, Construction & Engineering/Deepwater Development Conference in Amsterdam, panelists from SLB, Saipem and FASTsubsea addressed what is one of the more intensive efforts in upstream oil and gas—electrification of deepwater assets.
News
April 11, 2024
The opening session of the MCEDD 2024 conference (Marine, Construction & Engineering/Deepwater Development) and its exhibition in Amsterdam got off to a fast start on Tuesday, April 9. MCEDD 2024 is hosted by Gulf Energy Information and its business lines, World Oil and Petroleum Economist. The conference’s overall theme this year is Deepwater Synergy: Next-Generation Solutions for a Sustainable Future.
News
April 09, 2024
The United States Maritime Administration issued a license for the Sea Port Oil Terminal, which will allow Enterprise to move forward with construction of the terminal. The SPOT terminal will be only the fourth in the U.S. to load supertankers, the ships that make long-haul voyages to clients in Asia more economical.
News
April 01, 2024
The divestment includes Beacon’s 18.7% interest in the Buckskin producing field, 17% interest in the Leon development, 16.15% interest in the Castile development, 0.5% interest in the Salamanca FPS/lateral infrastructure, and 32.83% interest in the Sicily discovery.
News
March 01, 2024
The new tube product represents the next generation of super-duplex seamless tubing developed specifically for the offshore oil and gas industry. It builds on the success of the SAF 2507 (UNS S32750), which has become the industry standard.
