News

        02/13/2019 The US Bureau of Ocean Energy Management plans to hold a Gulf of Mexico-wide oil and gas lease sale in March 2019 that will include all available unleased areas in federal waters covering about 78 million acres. Lease Sale 252...

BP PLC approved a $1.3-billion expansion at Atlantis field in the Gulf of Mexico and said recent seismic imaging identified 1 billion bbl of additional oil in place at Thunder Horse field. In addition, BP expects its net gulf production will reach about 400,000 boe/d...

GEORGETOWN, Guyana – An Exxon Mobil Corp. led consortium said last week it has begun offshore drilling after recently discovering at least 3.2 billion barrels of light crude in Guyanese waters.  Guyana is projected within a decade to pump nearly a barrel of oil per...

ExxonMobil and its partners have achieved a sixth oil discovery in the deepwater Stabroek block offshore Guyana! The drillship Stena Carron spudded the Ranger-1 well in early November in 8,973 ft (2,735 m) of water. The well intersected around 230 ft (70 m) of...

Transocean Ltd. announced that the ultra-deepwater drillship Deepwater Invictus was awarded a two-year contract plus three one-year priced options with a subsidiary of BHP Billiton. The backlog associated with the firm contract is approximately $106 million. The...

BP has confirmed the start of production from one of the seven Upstream major oil and gas projects that it expects to come online in 2017. Five of these seven projects have now started up. Juniper in Trinidad follows the start-up earlier this year of the Trinidad...

Offshore staff Shell Offshore Inc. and MOEX North America LLC have each taken the final investment decision to execute phase one of the deepwater Kaikias project in the US Gulf of Mexico. Kaikias has a competitive go-forward break-even price below $40/bbl, according...

Offshore staff HOUSTON – BP recently started up the Thunder Horse South Expansion project in the deepwater Gulf of Mexico 11 months ahead of schedule and $150 million under budget. The operator said that the project is expected to boost production at the facility by...

  (Courtesy BP Trinidad and Tobago) Offshore staff PORT OF SPAIN, Trinidad and Tobago – The platform for the BP Trinidad and Tobago-operated Juniper gas project is on its way for installation 50 mi (80 km) offshore. The Juniper project comprises a platform made...

Offshore staff LIMASSOL, Cyprus – SeaBird Exploration will acquire a long-offset survey offshore Belize, set to start this month. The company will use its 2D long offset /source vessel Northern Explorer to acquire the survey. The anticipated duration of the program is...

Shell's project features many industry firsts   Royal Dutch Shell plc expects first production this year from the Stones project in the ultra-deepwater Gulf of Mexico. Discovered in 2005, Stones is located in the Walker Ridge area about 200 mi (322 km) offshore...

Offshore staff HOUSTON – Noble Energy, Inc.’s Gunflint oil development in the deepwater Gulf of Mexico has entered production. The two-well field is ramping up and is anticipated to reach a minimum gross production of 20,000 boe/d, with oil representing approximately...