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Offshore & Marine

Shell Offshore Inc., a subsidiary of Royal Dutch Shell plc, announces the final investment decision for Vito, a deep-water development in the U.S. Gulf of Mexico with a forward-looking, break-even price estimated to be less than $35 per barrel. more

Offshore & Marine

Offshore oil services firm Subsea 7 has made an unsolicited offer for U.S. rival McDermott for about $2 billion, potentially breaking up the U.S. company’s agreed deal with Chicago Bridge & Iron. more

Upstream

Secretary Ryan Zinke

Photo by Tami Heilemann, Interior

Interior Secretary Ryan Zinke said he will not lower royalty rates for offshore oil and gas lease sales “at this time” despite a recommendation from an advisory panel to do so. more

Upstream

Port Corpus Christi Commissioners approved a lease agreement with CCI Corpus Christi Infrastructure LLC (“CCI”) for approximately 55 acres of land on the north side of the Corpus Christi Ship Channel in the Inner Harbor more

Offshore & Marine

Enterprise Products Partners L.P. announced that the company has purchased a 65-acre waterfront site on the Houston Ship Channel that will serve as the next phase of expansion at the Enterprise Hydrocarbon Terminal. more

Offshore & Marine

Statoil and Total have completed their acquisition of Cobalt International Energy’s 60% operated interest in the North Platte discovery in the US Gulf of Mexico for an aggregate purchase price of USD 339 million. more

Offshore & Marine

BP today announced that it has committed to two new North Sea developments which are expected to produce 30,000 barrels gross of oil equivalent a day at peak production. more

Upstream

McDermott successfully completed the first phase of the deep-water Atlanta Early Production System, located offshore Brazil for independent Brazilian Exploration and Production company QGEP. more

Offshore & Marine

While political debate wages over America's opportunity to expand offshore oil and gas production and economic projections of minimal increases in global oil prices, Gulf offshore operators and support companies are quietly getting the job done. more

Offshore & Marine

TechnipFMC has been awarded an integrated Engineering, Procurement, Construction and Installation contract by LLOG Exploration for the Who Dat field in the Gulf of Mexico, including the delivery and installation of a Multiphase Pumping System. more

Engineering, Procurement & Construction

Over $811B will be spent on 615 upcoming oil and gas fields between 2018 and 2025. Globally, capex into conventional oil, heavy oil, oil sands and unconventional oil projects would add up to $352bn, $44bn, $43.4bn and $30bn respectively. more

Engineering, Procurement & Construction

Over $114 billion in capital expenditure will be spent over the lifetime of the top ten upcoming oil and gas upstream projects in Oceania, to produce 8,683 million barrels of oil equivalent, according to GlobalData, a leading data and analytics compa more

Offshore & Marine

The Port of Corpus Christi Authority is the No. 1 crude oil export port, the fourth largest port in the U.S. by tonnage and is responsible for $150 billion in impact on the U.S. economy. more

Offshore & Marine

Over $151.5bn in capital expenditure will be spent over the lifetime of the top ten offshore oil projects to produce 14.3 billion barrels of crude, according to GlobalData, a leading data and analytics company. more

Offshore & Marine

Aker Solutions won an order from Wintershall Norge AS to provide the subsea production system, umbilicals and services for the Nova oil and gas field offshore Norway, highlighting the value of early engagement in projects. more

Offshore & Marine

Statoil has acquired Total's equity stake in and take over the operatorships of the Martin Linge Field and the Garantiana discovery on the Norwegian continental shelf. more

Offshore & Marine

Cutting the U.S. deepwater royalty rate from 18.75 percent to 12.5 percent for new leases, as proposed by the US Royalty Policy Committee in its meeting on February 28, would significantly improve the attractiveness of the country’s fiscal regime. more

Offshore & Marine

Lamprell provides an update on its participation in the joint venture (JV) with its partners, Saudi Aramco Oil Company, the National Shipping Company of Saudi Arabia, and Hyundai Heavy Industries Co. Ltd. more

Offshore & Marine

What lessons were learned from the exploration in the Central Atlantic? To find success, you need to first understand the geological factors that are needed for the success you are trying to replicate. This report identifies multiple key factors. more

Offshore & Marine

Lamprell is pleased to announce its exclusive collaboration with GustoMSC to develop the Lamprell Jackup-43 (LJ43) jackup rig design, creating an advanced drilling rig with the highest level of safe, efficient and reliable drilling capabilities. more

Offshore & Marine

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