Deepwater

Public Capital , Deepwater , Acquisitions & Divestitures

Hess Sells Stake in Deepwater Gulf of Mexico Field for $505 Million

Hess agreed to sell its stake in the Shenzi Field in the deepwater Gulf of Mexico to field operator BHP as it looks to deepen its investment offshore Guyana.

October 5, 2020

Public Capital , Deepwater , Acquisitions & Divestitures

Kosmos Energy Sells Frontier Exploration Assets in $200 Million Farm-down to Shell

Proceeds from its farm-down to Shell enables Kosmos Energy to accelerate high-graded exploration opportunities in “proven basins that offer superior returns with shorter payback,” CEO Andrew Inglis says.

September 9, 2020

Field Development , Deepwater

Total Launches Phase 3 of Giant Mero Oil Project Offshore Brazil

French energy group Total and its partners have launched the third phase of development for the Mero deep offshore oil project off the coast of Brazil.

August 17, 2020

Deepwater , Acquisitions & Divestitures

Woodside Matches Lukoil’s $400 Million Offer for Senegal Oil Project

Following the acquisition, Woodside Petroleum will have to foot a bigger share of the $4.2 billion development cost for the Sangomar oil project in Senegal.

August 17, 2020

Deepwater , Renewables , Technology

E&P Offshore: Fixed or Floating Foundations—Which Brings Value for Money in Deeper Water?

An analysis reveals the tipping point between commercial viability of fixed and floating foundations could be at a greater water depth than previously expected.

July 27, 2020

Deepwater

Petrobras Kicks Off Tender to Build 3 FPSOs in Deepwater Buzios Field

In a securities filing July 24, Petrobras said the three new FPSOs were part of its development plans for the asset, which aim at a total of 12 floating platforms installed by the end of the decade.

July 24, 2020

Deepwater , Renewables , Digital Oilfield

E&P Offshore: Addressing the Challenge of Exporting Power from Deepwater Windfarms

The application of oil and gas know-how to dynamic power cables is transmitting success to deepwater windfarms.

July 20, 2020

Highlights , Deepwater , Shale Plays

Best of This Week’s Drilling Activity Highlights (July 17, 2020)

Results from four Barnett Shale discoveries made by Lime Rock Resources plus a new development test planned for LLOG Exploration’s Who Dat Field in the Gulf of Mexico top this week’s drilling activity highlights from around the world.

July 17, 2020

Deepwater

Petrobras Plans to Open Tender for Brazil’s Biggest Platform

The company plans to launch the leasing tender for the floating platform, known as an FPSO, by the end of August, sources say.

July 8, 2020

Public Capital , Deepwater , Drilling

With Contracts Canceled and Debts Mounting, Offshore Oil Drillers Face Another Shakeout

The companies that operate offshore drilling rigs for major oil producers face a second wave of bankruptcies in four years amid a historic drop in energy prices that likely will leave surviving drillers more closely tied to big oil firms.

June 24, 2020