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

Deepwater , Drilling

E&P Drilling Spotlight: Stratigraphic Zonation for Model-based Bit Design

A novel application for drilling optimization proves successful in the Brazilian deepwater presalt.

June 18, 2020

Field Development , Deepwater , Pipelines

Williams Announces Deepwater Tieback Agreement at Devils Tower

Crude oil and gas will be moved through Mountaineer and Canyon Chief pipelines.

June 17, 2020

Deepwater , Drilling

TEMS International Wins Gulf Of Mexico Deals Worth Over $1 Million

Oil and gas service company TEMS International has secured two new contracts for work in the deepwater Gulf of Mexico, the company said on June 11.

June 11, 2020

Investment , Deepwater , Subsea

Gulf of Mexico: The Water’s Fine

Historic service cost lows and fewer barriers to entry could trigger investment back into the U.S. Gulf of Mexico … even at $30 oil.

May 19, 2020

Reservoir Evaluation , Deepwater , Enhanced Oil Recovery , Seismic

SpotLight’s ‘Underground Alarm System’ Reimagines Subsurface Monitoring for Oilfield Operations

The 4D solution offers oil and gas operators keen seismic monitoring of subsurface movements from a single source and a single receiver, SpotLight CEO Habib Al Khatib said in this exclusive interview.

May 4, 2020

Deepwater , Subsea

Deepwater Horizon: Safety Advances a Decade Later

Marine Well Containment Co.—established in the aftermath of the Deepwater Horizon disaster—has designed a comprehensive emergency response program to contain compromised deepwater wells in the Gulf of Mexico.

April 23, 2020

Deepwater , Technology

Weatherford Marks Three Deepwater Firsts Offshore Brazil

Weatherford developed the integrated completion solution to install downhole equipment for an operator offshore Brazil, saving the operator 27.5 hours of deepwater rig time.

April 17, 2020

Public Capital , Deepwater , Acquisitions & Divestitures

Chevron Closes $1.6 Billion Sale of Stake in Giant Azeri Oil Field

MOL Plc, a Hungarian multinational oil and gas company, agreed to buy the asset, which consisted of Chevron’s nonoperating interests in the largest oil field in the Azerbaijan sector of the Caspian Basin.

April 16, 2020