Deepwater
News
June 18, 2025
The contract includes a firm commitment to drill two exploration wells, targeting drill-ready prospects that offer significant resource potential and are strategically positioned to unlock synergies with Petronas’ existing operations in Suriname.
News
June 17, 2025
Geospace Technologies Corporation have secured a Permanent Reservoir Monitoring contract award for Mero Fields 3 and 4 from Petrobras. The contract encompasses the supply and installation of nearly 500km of the OptoSeis® Permanent Reservoir Monitoring (PRM) system.
News
June 04, 2025
TotalEnergies has signed an agreement with Shell to exchange its 20% non-operated interest in the Gato do Mato project for an additional 3% interest in Lapa, a producing offshore oil field.
News
May 29, 2025
TotalEnergies has signed an agreement with Shell to sell its 12.5% interest in the Bonga oil field, offshore Nigeria, for $510 million. The deal increases Shell’s stake in the Bonga oil field to 67.5%. Shell completed its sale of onshore Nigeria assets in the West African nation.
News
May 21, 2025
Chevron Corp. and local authorities in Angola are searching for a missing worker after a fire broke out on a deepwater oil platform. The fire occurred while the platform was undergoing scheduled maintenance, injuring 17 people, including four who suffered severe injuries.
News
May 20, 2025
ABS issued an approval in principle (AIP) to Samsung Heavy Industries (SHI) for its design of a multi-purpose LNG floating facility for deep water. Called MLF-O, the design from SHI optimizes the production facility for deepwater areas with a wave height of nine meters.
News
May 14, 2025
Eni has started gas production from the Merakes East field, in the Kutei basin, offshore Indonesia. The field will contribute up to 100 MMscfd of gas or approx. 18,000 boed to Eni’s production. This startup is another example of fast-track development as the field was brought on production approximately two years from FID.
News
May 07, 2025
Exxon Mobil Corp. plans to invest $1.5 billion in a deepwater oil field in Nigeria as Africa’s top producer looks to boost output, according to the nation’s regulator. The investment, expected within the next two years, will focus on reviving production in the Usan field.
News
May 07, 2025
Although the deepwater sector may be traversing a few rough spots at present, the general outlook over the next few years remains solidly positive. That’s the theme of comments made by Scott Livingston, NOV’s President of Energy Products and Services, during a session on Day 2 of OTC.
News
May 01, 2025
Cairn Oil & Gas is partnering with Electromagnetic Geoservices (EMGS), to acquire a 3D Controlled Source Electro-magnetic (CSEM) survey for its exploration campaign in the deepwater Krishna-Godavari block off India's East coast.
News
April 23, 2025
Vantage Drilling has secured a contract with an undisclosed operator for its Platinum Explorer deepwater drillship with a 90-day validity period. The contract is valued at $80 million with an anticipated 260 days required to render the campaign.
News
April 21, 2025
Chevron and TotalEnergies have launched production at the Ballymore project in the deepwater Gulf of Mexico/Gulf of America, a tieback expected to deliver up to 75,000 barrels per day. The field connects to the Blind Faith platform and marks Chevron’s first development in the Norphlet trend.
News
April 14, 2025
bp today announced an oil discovery at the Far South prospect in the deepwater U.S. Gulf of America/Gulf of Mexico. This discovery underscores bp's renewed focus on upstream exploration, part of its strategy reset announced in February 2025. Chevron co-owns the Far South prospect with 42.5% interest.
News
April 08, 2025
Shell Offshore Inc. (Shell), a subsidiary of Shell plc, today announced the start of production at Dover, the second subsea tieback connecting new wells to the existing infrastructure of the Shell-operated Appomattox production hub in the Gulf of America/Gulf of Mexico.
News
April 04, 2025
Subsea7 has been awarded a sizeable contract by Shell Offshore for the Sparta deepwater development. The project involves the transportation and installation of a floating production system (FPS) off the coast of Louisiana at water depths of up to 1,635 meters.
News
March 28, 2025
The third and final day (March 27) of World Oil’s Deepwater Development Conference (MCEDD) in Madrid, Spain, provided attendees with a significant briefing on the fast pace of advancements being made in deepwater technology. This information was disseminated via numerous individual presentations in five specific sessions throughout the day.
Article
March 2025
As I write this column from the sunny climes of Madrid, World Oil’s Deepwater Development Conference (MCEDD) is underway and thriving. There is no mistaking the renewed, growing interest in deepwater projects, and the attendance and program confirm it.
News
March 27, 2025
Attendees on Day 2 (March 26) of World Oil’s Deepwater Development Conference (MCEDD) in Madrid, Spain, were treated to a wide-ranging assortment of presentations on technical innovations in this special sector of the upstream industry.
News
March 27, 2025
World Oil’s Deepwater Development Conference (MCEDD) got underway on March 25 in Madrid, Spain, and has been thriving this week. There is no mistaking the renewed, growing interest in deepwater projects, and the attendance and program confirm it. Attendance is running significantly ahead of last year’s conference, and the list of topics presented/debated is more extensive.
News
March 21, 2025
Shell Brasil, a subsidiary of Shell plc, has taken the Final Investment Decision (FID) for Gato do Mato, a deepwater project in the pre-salt area of the Santos Basin, offshore Brazil. The development plan includes the installation of a FPSO vessel and is designed to produce up to 120,000 bopd.
News
March 12, 2025
Cairn Oil & Gas, part of Vedanta Group and India’s largest private oil and gas exploration and production company, has entered into a strategic alliance with TechnipFMC to accelerate the delivery of integrated subsea infrastructure for future deepwater projects in India.
