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New, deep-water production is underway today at Lula Extreme South in the Brazilian Santos Basin. Royal Dutch Shell plc, through its subsidiary Shell Brasil Petróleo Ltda. (Shell) and consortium partners, announces that the FPSO P-69 is now producing more

Upstream

The sale is subject to regulatory approval and expected to be completed in 2019. The transaction’s effective date is 1 January 2017. more

M&A/Investment

The giant development in the North Sea has been through the busiest installation campaign ever for a field in the North Sea. more

Power Generation

Ensco plc and Rowan Companies plc have entered into a definitive transaction agreement under which Rowan will combine with Ensco in an all-stock transaction. more

M&A/Investment

API recently released its quarterly well completion report for the second quarter of 2018... The Bureau of Ocean Energy Management will offer approximately 78 million acres offshore Texas... ConocoPhillips recently provided an update on its operating more

Upstream

Maersk Drilling and Aker BP have agreed to a one-year contract to deploy high-performance rig Maersk Integrator on the Norwegian shelf from June 2019. more

Offshore & Marine

Transocean rig

Reuters

Offshore oil driller Transocean Ltd said on Tuesday it would buy peer Ocean Rig UDW Inc in a $2.7 billion cash-and-stock deal. more

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McDermott-Greater-Western-Flank-Project

Hand-out McDermott International, Inc.

McDermott International, Inc. announced today it has successfully completed the contract for phase two of the Greater Western Flank project. The contract was awarded by Woodside Energy Ltd in January 2016. more

Offshore & Marine

Stork will provide onshore support and technical expertise in disciplines such as inspection, electrical and mechanical, as well as offshore leadership positions. more

Upstream

ExxonMobil has made its ninth discovery offshore Guyana at the Hammerhead-1 well, marking its fifth discovery on the Stabroek Block in the past year and proving a new play concept for potential development. more

Upstream

Italian oil major expects to invest $1.795 billion(1.37 billion pounds) in three offshore Mexican oil fields by 2040, according to a development plan approved by Mexico’s oil regulator on Tuesday. more

Offshore & Marine

At first glance, it would be difficult to view a region with just 27 jackups and only 12 of those contracted as warranting any special attention. However, a deeper dive into the numbers shows that the US Gulf of Mexico (GOM) jackup market has... more

Upstream

Shell Offshore Inc. has made a large deepwater exploration discovery in the Norphlet geologic play in the U.S. Gulf of Mexico...Oil production in the Permian Basin, already a major force in global supply growth, will rise nearly 3 million bpd... more

Upstream

Wood has been awarded a new contract by Woodside to support the execution of concept definition for the proposed Scarborough upstream development, offshore Western Australia. more

Upstream

McDermott International, Inc. announced today a contract from Shell Exploration and Production Company Inc., a subsidiary of Royal Dutch Shell (Shell) plc, for subsea umbilical and flowline installation at the Perdido development, located 230 miles.. more

Upstream

Kosmos Energy announced that the company has entered into an agreement to acquire Deep Gulf Energy, a leading deepwater company operating in the Gulf of Mexico. more

Upstream

McDermott International, Inc. (NYSE: MDR) announced today a sizeable* contract award by PEMEX Exploración y Producción for subsea pipeline flowline installation in support of its Ayatsil field. more

Upstream

BP’s $10.5 billion move to acquire most of BHP Billiton shale acreage in North America, signals a bold return by the UK oil giant to the lower 48 states and gives it a prominent position in the red-hot North American tight oil play. more

M&A/Investment

The project has already completed the necessary commissioning of all key onshore and offshore facilities for production start-up. more

Upstream

ExxonMobil Corp. affiliate Esso Exploration & Production Guyana Ltd. encountered 265 ft of high-quality, oil-bearing sandstone following the drilling of the Longtail-1 well offshore Guyana, creating potential for additional resource development... more

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