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Upstream

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

Upstream

The Troll oil and gas field is the most prolific field on the Norwegian continental shelf (NCS), with more than half of its reserves still remaining after over 20 years of production. The initial development was carried out over two phases, more

Upstream

Equinor and the partners in the Troll licence today submit the plan for further development of the gigantic Troll field on the Norwegian continental shelf (NCS) to the Ministry of Petroleum and Energy. more

Upstream

BP plc and its partners in the Shah Deniz consortium announced Monday the start-up of the Shah Deniz 2 gas development in Azerbaijan. The BP-operated, $28 billion-project is the first subsea development in the Caspian Sea... more

Offshore & Marine

According to George Williamson, Manager of Upstream Engineering for BP, said employing unmanned aerial vehicles (UAVs) and robotics technology as inspection tools provides “a huge financial value” more

Health, Safety & Environmental

McDermott International, Inc. (NYSE: MDR) and Baker Hughes, a GE company (NYSE: BHGE), today announced the award of a contract by POSCO DAEWOO Corp. for phase two of the Shwe gas field development offshore Western Myanmar. more

Offshore & Marine

Exxon Mobil Corporation (NYSE:XOM) said today it made its eighth oil discovery offshore Guyana at the Longtail-1 well, creating the potential for additional resource development in the southeast area of the Stabroek Block. more

Offshore & Marine

As Shell finishes construction on its Appomattox semisubmersible platform hull, Bureau of Safety and Environmental Enforcement (BSEE) engineers and inspectors signed off on several topsides components. more

Offshore & Marine

U.S. crude oil production in the Federal Gulf of Mexico increased slightly in 2017...The Department of the Interior (DOI) will offer 77.3 million acres offshore Texas, Louisiana, Mississippi, Alabama and Florida...ConocoPhillips has concluded its... more

Upstream

The plan for development and operation of the Johan Castberg field in the Barents Sea was approved by the Norwegian Parliament. more

Upstream

The Liza Phase 1 development continues to rapidly progress, with the commencement of development drilling offshore Guyana, ExxonMobil said today. more

Offshore & Marine

The laying of the cable supplying Johan Sverdrup with power from shore started last week. This helps make the North Sea giant one of the oil and gas fields with the lowest CO2 emissions worldwide. more

Power Generation

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