News

MIAMI, Florida – ExxonMobil has contracted PGS to perform 4D seismic acquisition offshore Guyana.  Seismic experts estimate that offshore Guyana has enough subsea petroleum reserves to power the entire world for a year. Despite the continuing impact of COVID-19, PGS...

Oceanwind’s Floating Wind Power MIAMI, Florida – DNV has completed a concept verification review of Odfjell Oceanwind’s WindGrid system for mobile offshore wind units. The company’s review confirms the technical feasibility of the WindGrid system, and that expected...

MIAMI, Florida – Equinor and partners have committed to develop Phase 1 of the Bacalhau field in the Brazilian presalt Santos basin, at an estimated cost of $8 billion. Partners in the development include Equinor, ExxonMobil.  Drilling and well...

MIAMI – Exploration in the Americas last year in 2020 held up better than expected. Among the largest offshore discoveries were at Kwaskwasi offshore Suriname.  Apache Corp. and partner Total have made what may be their largest oil discovery to date....

Beacon Offshore Energy LLC has made an oil discovery in the deepwater Gulf of Mexico, according to partner Kosmos Energy. Miami – Yet another oil find in the Gulf of Mexico!  Beacon Offshore Energy LLC has made an oil discovery at the Winterfell prospect on Green...

NASSAU, the Bahamas – A Bahamian justice official has declined to grant orders requested by environmental groups that would impact the offshore Perseverance #1 well.  “This is a very positive outcome for the completion of the Perseverance #1 well.”

RICHMOND, Virginia – The keel for Dominion Energy’s offshore wind turbine installation vessel Charybdis has been laid. Said to be one of the biggest vessels of its kind in the world, it will have accommodations for up to 119 people.The overall project cost is...

South America’s offshore production is set to overtake volumes from North America by 2024, according to GlobalData. MIAMI – South America’s offshore production is set to overtake volumes from North America by 2024, according to GlobalData. Major projects off Brazil...

The Atlantis Phase 3 project in the deepwater Gulf of Mexico started production in July 2020, BHP revealed in its latest operational review. MIAMI, Florida – The Atlantis Phase 3 project in the deepwater Gulf of Mexico started production in July 2020, BHP revealed in...

Tullow awarded Stena Drilling contract offshore Suriname Offshore staff This is in addition to Hess Corp.’s 2020 allocation of $450 million toward exploration and appraisal wells on the Stabroek and Kaieteur blocks offshore Guyana (Hess 30% and...

Pemex has awarded Dolphin Drilling an $83-million contract for use of the semisubmersible Blackford Dolphin in the Mexican sector.

Noble Corp. plc and ExxonMobil have executed a commercial enabling agreement for drilling services in the Guyana-Suriname basin. Feb 11th, 2020 The ultra-deepwater drillship Noble Bob Douglas. (Courtesy Noble Corp.) LONDON – Noble Corp....