The company plans to launch the leasing tender for the floating platform, known as an FPSO, by the end of August, sources say.
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.
A novel application for drilling optimization proves successful in the Brazilian deepwater presalt.
Crude oil and gas will be moved through Mountaineer and Canyon Chief pipelines.
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.
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.
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.
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.