Deepwater
News
July 06, 2015
Petrobras has long been a pioneer in the adoption and deployment of deepwater technology. This has enabled them to build huge reserves of some 16 Bbbl of oil. Converting these reserves to production, however, is another matter and Petrobras has a history of setting ambitious targets, with a poor record of meeting them.
News
July 06, 2015
The floating production, storage and offloading unit (FPSO) Cidade de Itaguaí is now anchored in the Iracema Norte area of Lula field, in the pre-salt layer of the Santos basin, off the coast of Rio de Janeiro.
News
July 03, 2015
BP’s $18.7 billion U.S. legal settlement is being cheered by investors and analysts as it ends five years of financial uncertainty. It also makes the British oil producer a more attractive takeover target.
News
July 03, 2015
ION Geophysical Corporation has launched the first phase of MexicoSPAN, encompassing more than 22,000 km of deep-imaged 2D seismic data.
News
July 02, 2015
PetroRio has signed an agreement to acquire 20% of the rights and obligations of the concession contracts for Bijupirá and Salema fields from Petrobras.
News
July 02, 2015
BP Plc will pay a record $18.7 billion to resolve claims by the U.S. and five states along the Gulf of Mexico related to the 2010 oil spill.
News
July 01, 2015
THE HAGUE -- Royal Dutch Shell has announced the final investment decision (FID) to advance the Appomattox deepwater development in the Gulf of Mexico. This decision authorizes the construction and installation of Shell’s eighth and largest floating platform in the Gulf of Mexico.
News
June 30, 2015
Technip has been awarded a topsides detailed engineering and procurement services contract by Jurong Shipyard Pte Ltd.
News
June 30, 2015
The U.S. Supreme Court rejected appeals from BP Plc and Anadarko Petroleum Corp. and left intact a ruling that opens the companies to potentially billions of dollars in fines for the 2010 Gulf of Mexico oil spill.
News
June 30, 2015
Logan Industries, based in Hempstead Texas, has recently been awarded with an order for a Compensated Coiled Tubing Lift Frame (CCTLF) for Maersk Drilling. The CCTLF system will be designed and built in-house and is expected to be delivered to Maersk in Q2 2016.
News
June 29, 2015
Petroleo Brasileiro SA cut its five-year spending plan by 37% and lowered oil output targets as Brazil’s state-controlled producer battles the industry’s heaviest debt load and a slump in crude prices.
News
June 26, 2015
McDermott International has been awarded a sizeable lump-sum contract by LLOG Exploration Offshore in support of LLOG’s Otis development in the Gulf of Mexico.
News
June 23, 2015
Transocean, the world’s largest offshore driller, has delayed delivery of two ultra-deepwater drillships, the company announced Monday.
News
June 22, 2015
Statoil has awarded Tenaris the contract for the supply of casing, tubing and all related services for the Mariner Project.
News
June 17, 2015
Wood Group Kenny (WGK) will support the Kebabangan Petroleum Operating Company (KPOC) in pipeline engineering and flow assurance engineering studies for the Kamansu East (KME) field offshore Sabah, Malaysia.
News
June 16, 2015
Tropical Storm Bill formed in the Gulf of Mexico, leaving Texas bracing for another round of flooding in less than a month.
News
June 16, 2015
Ceona, a SURF contractor with deepwater subsea construction capabilities, has announced that Mark Preece, the company’s executive V.P., commercial and business development, has been appointed as CEO.
News
June 15, 2015
Petrobras’ pre-salt production in May set two new monthly output records, the company said Friday.
News
June 12, 2015
Rystad Energy’s latest research indicates that 88 units within the floater market will have to be taken out between 2015 and 2017, making it the largest ever retirement cycle in the history of offshore drilling.
News
June 12, 2015
HOUSTON -- Pacific Drilling SA, an offshore oil-rig contractor, is gaining notice as a takeover candidate.
News
June 12, 2015
Petrobras has completed an analysis of the factors that contributed to the fatal accident on board the Cidade de São Mateus FPSO in February, the company announced Friday.
