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.
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).
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.
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.
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).
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.
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.
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.
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.
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.