Deepwater
News
July 13, 2023
Many practices and technologies used in the offshore oil industry can be adapted to facilitate a timely, economically feasible energy transition. One example is transforming riserless casing drilling technology into a subsea anchoring system, which decreases the cost of offshore wind electricity by minimizing capital expenses.
News
July 13, 2023
As the upstream industry continues to require increased ROI at a lower capital investment, a subsea services provider is setting the bar on standardization, ensuring performance agility through a truly global solution to standard subsea production systems.
News
July 11, 2023
The Trendsetter STIM offers a 15,000psi rated subsea safety system designed to provide hydraulic well access for both vertical and horizontal tree types in up to 10,000’ water depth
News
June 30, 2023
The start of gas and condensate production from the MJ field follows the start-up of the R-Cluster field in December 2020 and Satellite Cluster in April 2021. All three developments utilize the existing hub infrastructure for the block.
News
June 20, 2023
The project will target the development of an estimated 479 MMboe. The subsurface has been extensively appraised, with six well penetrations undertaken across the field, informing Woodside’s understanding of this large, high-quality conventional oil field.
News
June 12, 2023
Prices to rent the most advanced offshore drilling rigs averaged $420,000 a day for the first half of this year, as roughly 90% of the industry’s active fleet is contracted for work.
News
April 13, 2023
With a gross production capacity of up to 140,000 bopd, Argos is bp’s fifth platform in the Gulf of Mexico and the first new bp-operated production facility in the region since 2008.
News
April 05, 2023
Many key reforms recommended in the wake of the 2010 blowout and spill have been adopted, collectively representing real improvement, the report says. These include the creation of the U.S. Department of the Interior’s Bureau of Safety and Environmental Enforcement (BSEE) with a singular focus on safety, and mandated safety and environmental management systems (SEMS).
News
April 03, 2023
Saipem has been awarded three new offshore contracts and two competitive FEED contracts totaling approximately $650 million.
News
March 17, 2023
Yatzil-1 EXP is the second commitment well of Block 7 and the eight successful one drilled by Eni in the Sureste Basin. It is located approximately 65 km off the coast, and 25-30 km away from other oil discoveries.
News
February 28, 2023
The project comprises 36 new wells (21 producers and 15 Injectors), one converted FPSO with capacity for 120,000 bpd of oil production, 230 MMscf per day of Gas Injection and 120,000 bpd of water injection. It will also entail approximately 100 km of rigid flowlines, 100 km of flexible flowlines and 100 km of umbilicals.
News
February 23, 2023
This first of its kind artificial lift solution will benefit operators of deepwater FPSOs and semisubmersible production platforms who are looking for ways to increase oil recovery from existing assets that do not have the direct vertical access normally required for installation of velocity strings or gas injection tubing inside production risers.
News
February 16, 2023
With an estimated peak production of 100,000 boed, Vito is the company’s first deepwater platform in the GoM to employ a simplified, cost-efficient host design.
News
January 31, 2023
Transocean’s Dhirubhai Deepwater KG2, an ultra-deepwater drillship, has won a contract with a national oil company for work offshore Brazil.
News
January 04, 2023
Expected combined gross production rates are in-line with pre-drill estimates of approximately 15-20 Mboed. The two wells will produce through a shared riser system at the Ram Powell facility.
News
December 21, 2022
The Zeus-1 well encountered 105 meters of net gas pay in carbonate reservoirs that re-enforces the area’s promising outlook and development.
News
November 28, 2022
Subsea services provider DeepOcean said Monday it had secured substantial contracts with oil and gas companies Equinor, ConocoPhillips, and BP worth a total of NOK 2 billion ($201.8 million).
News
November 16, 2022
Neptune Energy and its partners said Wednesday that hydrocarbons have been encountered in the Calypso exploration well in the Norwegian Sea. The operations are still at an early stage, and Neptune has not determined if commercial volumes are present.
News
November 08, 2022
Senior executives from the most active majors and independents in the Gulf of Mexico will convene to discuss regional operations and outlook at next week's Deepwater Executive Summit in Houston.
News
September 27, 2022
Long recognized as a pillar of U.S. energy production, deepwater Gulf of Mexico could help provide the resources the world needs during the energy transition. Restricting supplies of fossil fuels may seem like an answer. But society needs affordable energy sources until the net-zero goal is met.
News
September 15, 2022
Federal investigators raided a deep-water oil explorer’s Louisiana office last week as part of a probe into an offshore spill, a rare escalation for a U.S. environmental case.
