Oceaneering International Inc. has secured a contract to perform the first ever deepwater AUV survey in Mexican waters, the company said on June 10.
The geophysical survey will be performed for BHP at its Trion development. Oceaneering will use the DP-2 Ocean Investigator, equipped with their OS-VI AUV and light geotechnical capabilities.
Work is currently underway and will continue for approximately 45 days. Oceaneering will also provide light geotechnical services by acquiring six meter piston core soil samples.
Stratas Advisors expects oil prices to rise this week, recovering from what the firm described as a market overreaction that led to declines over the last two weeks.
“BP strongly believes that the inclusion of WTI Midland, executed correctly, is the best solution for enhancing liquidity, retaining Brent as a well-supplied and trusted light, sweet benchmark,” according to a document seen by Reuters.
Trans Mountain is a key oil export route and nearly two-thirds of its volumes in the first half of 2021 were light oil deliveries heading to U.S. refineries, says IHS Market Vice President Kevin Birn.