The Latest

E&P Highlights: March 15, 2024

Here’s a roundup of the latest E&P headlines, including a new discovery and offshore contract awards.

Orange Basin Serves Up More Light Oil

Galp’s Mopane-2X exploration well offshore Namibia found a significant column of hydrocarbons, and the operator is assessing commerciality of the discovery.

Forum Energy Signs MOU to Develop Electric ROV Thrusters

The electric thrusters for ROV systems will undergo extensive tests by Forum Energy Technologies and SAFEEN Survey & Subsea Services.

Eni Finds 2nd Largest Discovery Offshore Côte d’Ivoire

Deepwater Calao Field’s potential resources are estimated at between 1 Bboe and 1.5 Bboe.

E&P Highlights: March 4, 2024

Here’s a roundup of the latest E&P headlines, including a reserves update and new contract awards.

Rystad: More Deepwater Wells to be Drilled in 2024

Upstream majors dive into deeper and frontier waters while exploration budgets for 2024 remain flat.

Remotely Controlled Well Completion Carried Out at SNEPCo’s Bonga Field

Optime Subsea, which supplied the operation’s remotely operated controls system, says its technology reduces equipment from transportation lists and reduces operation time.

Shell Brings Deepwater Rydberg Subsea Tieback Onstream

The two-well Gulf of Mexico development will send 16,000 boe/d at peak rates to the Appomattox production semisubmersible.

After 4Q Struggles, Transocean’s Upcycle Prediction Looks to Pay Off

As Transocean executives predicted during third-quarter earnings, the company is in the middle of an upcycle, with day rates and revenues reaching new heights.

Shell Taps TechnipFMC for 20K System for Sparta

The deepwater greenfield project in the Gulf of Mexico targets reserves in the high-pressure Paleogene reservoir.