Deepwater
News
November 30, 2020
CNOOC’s operations in the South China Sea have run into controversy because China claims drilling rights in waters far from its borders, and within 200 miles of countries like Vietnam and the Philippines.
News
November 30, 2020
Abu Dhabi National Oil Co. is a potential contender to buy a local offshore oil-services firm that counts the state-owned crude producer among its major clients, according to people familiar with the matter.
News
November 26, 2020
European leaders in October called on Ankara to abstain from unilateral hydrocarbon exploration in disputed waters, saying it’s in breach of international law. Turkey nonetheless resumed the surveys, making any negotiation with Greece on delimitation of sea borders even more problematic.
News
November 24, 2020
The campaign is expected to commence in early 2021, with an estimated firm combined duration of 500 days. The estimated firm total contract value is approximately USD $100MM, including rig upgrades and integrated services provided.
News
November 18, 2020
TGS will mobilize the COSL vessel HYSY720 to commence acquisition of the Espirito Santo 3D survey by year-end.
News
November 06, 2020
Hess Corporation failed to persuade a federal judge to award it $217.9 million to repay the cost of recovering and replacing four allegedly defective subsea valves made by Schlumberger Technology.
News
November 04, 2020
Forum Energy Technologies has secured an order to supply specialist subsea equipment for a major cable maintenance project in Southeast Asia.
News
November 04, 2020
Philippine Energy Secretary Alfonso Cusi said PXP Energy Corp. can survey Reed Bank in the disputed sea even without partnering with China National Offshore Oil Corp.
News
October 29, 2020
“The announcement by Equinor and partner BP Canada that oil has been found in the Flemish Pass Basin is encouraging, at a time when encouraging news is needed for the Newfoundland and Labrador offshore oil and gas industry," said Charlene Johnson, CEO of the Newfoundland and Labrador Oil and Gas Industries Association.
News
October 28, 2020
The Luiperd-1X well on Block 11B/12B was drilled to a total depth of about 3,400 meters and encountered 73 meters of gas condensate. Total will now conduct a detailed assessment of the reservoir in conjunction with Qatar Petroleum and its other partners.
News
October 23, 2020
While it’s true the energy ecosystem is in transition, former Vice President Biden is incorrect that it means replacing one form of energy with another or phasing out oil and gas.
News
October 23, 2020
BP is weighing a sale of its majority stake in the Constellation oilfield in the Gulf of Mexico, according to people familiar with the matter, as it pushes ahead with a divestment program.
News
October 19, 2020
The solution, part of Siemens Energy’s Omnivise digital solutions portfolio, supports maintenance activities across several assets, including onshore compressor stations and gas processing plants, as well as offshore production platforms and FPSO vessels.
News
October 16, 2020
The Philippines lifted its moratorium on oil and gas exploration in disputed areas of the South China Sea, a move that was welcomed by China and boosted the shares of the Southeast Asian nation’s energy producers.
News
October 15, 2020
The Walker Ridge program covers approximately 300 OCS blocks including two priority areas of significant industry interest. Advanced proprietary imaging technologies will be applied to this program to unlock the full potential of existing seismic data and provide significant uplift in subsurface imaging.
News
October 15, 2020
Weatherford International’s Shallow Angle QuickCut System successfully achieved the industry's first 12 ¼-in. casing sidetrack, delivering a 22-ft. window in a single trip for an ultra-deepwater well in the Gulf of Mexico.
News
October 13, 2020
The specialist manufacturer and supplier of valves for the global energy industry has been awarded two significant FPSO valve contracts for projects in Brazil. The company will manufacture and supply valves packages to both projects in the Santos and Campos basins.
News
October 13, 2020
Oceaneering International has been awarded a BOP tethering services contract offshore Brazil from Petrobras. The contract duration is one-year with the option to extend for an additional year.
News
October 09, 2020
The energy discovery in the Black Sea is critical for Turkey’s current-account balance which is dragged down by the need to import nearly all of the 50 billion cubic meters of gas the country consumes annually.
News
October 08, 2020
The ReLineWL straddle is a one-trip, rigless system developed to address common well integrity issues and has enabled a Gulf of Mexico operator to troubleshoot an inoperable safety valve, passing through a restriction that conventional straddles could not pass through.
News
October 06, 2020
The world’s largest owner of deep-water oil rigs recently engineered a bond swap to trim some of its $9 billion debt load and ease the crunch caused by slumping energy prices. But other creditors say the transaction amounts to a default because it pledges assets that Transocean already promised to them.
