Offshore drilling contractor Noble Corporation and oil major ExxonMobil have announced the execution of a unique commercial enabling agreement for drilling services in the Guyana-Suriname Basin. The agreement defines contract terms for the continuation of drilling services using certain drilling units in Noble’s fleet. The ultra-deepwater drillships Noble Bob Douglas, Noble Tom Madden, and Noble... Continue Reading →
VIDEO: Aker BP explores use of robots in offshore oil & gas industry
Norwegian oil and gas operator Aker BP and software company Cognite have entered into a strategic initiative to explore how robotic systems can be used to make offshore operations safer, more efficient, and more sustainable. Cognite and Aker BP will do several tests using robots and drones on the Aker BP-operated Skarv installation in the... Continue Reading →
ANP SIGNS THE 16TH ROUND AND PERMANENT OFFER CONTRACTS AND EXPECTATION IS FOR INVESTMENTS OF R$ 1.8 BILLION
FEB 10, 2020 The National Petroleum Agency (ANP) will hold the signing ceremony for the 16th Bidding Round and the 1st Permanent Bidding Cycle next Friday (14). The event will take place at the their central office, in Rio de Janeiro, from 11 am and marks the beginning of expectations for new investments in the... Continue Reading →
Guyana to Agree to Oil Prices with Exxon Before Govt’s First Export
Guyana is aiming to complete talks with the Exxon Mobil Corp-led consortium producing oil off its coast over crude pricing, lifting costs, and scheduling before the government exports its first cargo, energy director Mark Bynoe said on Monday. Exxon Mobil and partners Hess Corp and China's CNOOC Ltd inaugurated oil output in December at the... Continue Reading →
Floating Production Rebound Continues
Activity in the deepwater sector took a huge hit in the second half of last decade as a result of a global oil demand/supply imbalance, downturn in oil prices, hiatus in Petrobras production floater orders and large industry cutbacks in upstream spending. The downturn was the worst to ever hit the offshore sector. Orders for... Continue Reading →
Aquaterra to design offshore platform for Chevron off Angola
Aquaterra Energy, a provider of offshore engineering solutions, has secured a “significant” agreement from Chevron to design and support the installation of the Sea Swift offshore platform solution off the coast of Angola. Aquaterra said on Tuesday that the deal from Chevron was awarded through the oil major’s wholly-owned subsidiary in Angola – Cabinda Gulf... Continue Reading →
Oceaneering to conduct riserless well intervention for BP off Angola
Houston-based subsea engineering company Oceaneering has been awarded a contract for comprehensive riserless light well intervention (RLWI) services offshore Angola in Blocks 18 and 31 by oil major BP. Oceaneering said on Monday that the value of this award was reflected in the company’s December 31, 2019, subsea products backlog. In connection with this contract,... Continue Reading →
Disappointing results in shallow sections of Karoon’s Peru well
Preliminary results from the shallower sections of Karoon’s Marina exploration well, located offshore Peru, have shown disappointing results, but the work goes on to reach the deeper primary targets. The well is being drilled using the Stena Forth drillship, which arrived to Peru in early Janaury. The well was spud in late January. In an update on Tuesday, Karoon... Continue Reading →
Total targets “giant prospects” in the Campos pre-salt
February 10, 2020 Total plans to drill in block CM-541, in the Campos Basin pre-salt, between the end of this year and the beginning of 2021, informed the company's E&P director, Arnaud Breuillac, during a conference call with analysts last Thursday (6/2). According to the company, there are two “giant world-class” prospects in the asset,... Continue Reading →
Colombia: Ecopetrol, Shell in Deepwater Team-Up
Colombia's Ecopetrol and Anglo-Dutch energy giant Royal Dutch Shell have teamed up to develop three blocks in the Caribbean, the state-owned oil company said on Friday. Under the deal, Shell will acquire a 50% operating-stake in the Fuerte Sur, Purple Angel and COL-5 blocks, which are found in deep-water areas of the Colombian Caribbean. Continue... Continue Reading →
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