GOM

Highlights

Best Of This Week’s Drilling Activity Highlights (Aug. 23, 2019)

A Powder River Basin discovery by Chesapeake, LLOG files Gulf of Mexico plan and a triple-lateral horizontal completion in South Texas top this week’s drilling activity highlights from around the world. 

August 23, 2019

Subsea

TechnipFMC Wins EPCI Contract For Shell PowerNap Project In GoM

TechnipFMC has been awarded a significant integrated engineering, procurement, construction and installation contract by Shell for the PowerNap project, located in the Gulf of Mexico (GoM).

August 22, 2019

Exploration & Production , Lease Sales

Offshore Operators Exercise Caution During Lease Sale 253

BHP Billiton Petroleum (Deepwater) Inc. had the highest bid of the day at $22.5 million for Green Canyon block 124.

August 21, 2019

Trends

A&D Transactions From The Week Of Aug. 21, 2019

Here’s a snapshot of energy deals from the past week including a Permian Basin acquisition by Vermilion Cliffs plus the closing of the roughly $422 million merger of rivals TGS and Spectrum.

August 21, 2019

Risers

Deep Down Receives Kaikias Riser Isolation Valve System Order

The order is for the design, engineering, manufacturing and installation of a riser isolation valve control system on the Ursa tension-leg platform (TLP).

August 21, 2019

Subsea , Acquisitions & Divestitures

Hunting Acquires RTI Energy Systems

Hunting Plc, the international energy services group, said Aug. 16 it has completed the acquisition of the business and assets of RTI Energy Systems Inc. (RTIES) for a total cash consideration of $12.5 million.

August 19, 2019

Reservoir Evaluation , Field Development

W&T Offshore CEO Eyes More Reserves At Mahogany Field

Production from the Gulf of Mexico field has grown to about 15,550 boe/d (76% liquids) from about 1,290 boe/d in 2011, the company said.

August 14, 2019

Trends

A&D Transactions From The Week Of Aug. 14, 2019

Here’s a snapshot of energy deals from the past week including the closing of Occidental’s $55 billion takeover of Anadarko Petroleum and Qatar’s $550 million buy-in of Permian midstream.

August 14, 2019

Public Capital , Exploration & Production , Shale Plays , Mergers

Occidental CFO Talks Anadarko Saga, Rebuffs Sheffield Criticism

Anadarko Petroleum was the only corporate deal Occidental Petroleum considered since the company’s current leadership has been in place, says CFO Cedric Burgher.

August 13, 2019

Field Development

Murphy Oil Sanctions GoM Floating Production Facility

The King’s Quay final investment decision follows the recent sanctioning of the Samurai field development in the U.S. Gulf of Mexico.

August 8, 2019