Deepwater

In Midst of Coronavirus Crisis, Brazil Deepwater Leading Way in Cost-Cutting

In Midst of Coronavirus Crisis, Brazil Deepwater Leading Way in Cost-Cutting

South America, driven by Brazil and its vast offshore pre-salt development, has seen deepwater operational expenditure (opex) drop more than any other region this year, according to Rystad Energy. In deepwater, South America is dominated by Brazil. State oil company Petroleo Brasileiro SA (Petrobras) alone accounted for nearly 88% of South America’s deepwater opex in…

August 20, 2020
Improved Natural Gas Pricing Outlook Presents E&P Opportunities in Mexico, Says Former Official

Improved Natural Gas Pricing Outlook Presents E&P Opportunities in Mexico, Says Former Official

A strengthened outlook for natural gas pricing in 2021 has made the development of natural gas fields in Mexico a more attractive proposition, according to Juan Carlos Zepeda, former head of upstream oil and gas regulator Comisión Nacional de Hidrocarburos (CNH). In a podcast interview with NGI, Zepeda highlighted the central and growing role of…

July 13, 2020

BHP Billiton High Bidder in GOM Lease Sale, but Auction Draws Little Interest Overall

Oil and natural gas prospects in the Gulf of Mexico (GOM) drew bids from 22 operators Wednesday in the latest federal lease sale, with deepwater blocks pulling the most interest.

March 18, 2020

Global Oil Startups Hitting Trough as Industry Reduces Capital, Says Raymond James

Oil prices may be slumping of late, but fewer global startups in the next two years at a minimum may pressure supply growth around the world, according to Raymond James & Associates Inc.

February 3, 2020

Global Oil Startups Hitting Trough as Industry Reduces Capital, Says Raymond James

Oil prices may be slumping of late, but fewer global startups in the next two years at a minimum may pressure supply growth around the world, according to Raymond James & Associates Inc.

February 3, 2020

Global Oil Startups Hitting Trough as Industry Reduces Capital, Says Raymond James

Oil prices may be slumping of late, but fewer global startups in the next two years at a minimum may pressure supply growth around the world, according to Raymond James & Associates Inc.

February 3, 2020

W&T Snaps Up Stakes in Deepwater Magnolia Field from ConocoPhillips

Houston-based W&T Offshore Inc. has become the operator and majority owner of the Magnolia field in the deepwater Gulf of Mexico (GOM) in a $20 million acquisition from ConocoPhillips.

December 24, 2019

Global LNG, Deepwater Projects Facing Engineering, Manpower Bottlenecks in 2020

The oilfield services sector may see a slew of global oil and natural gas projects reach sanctioning heading into 2020, with high demand foreshadowing a shortage of qualified contractors and manpower.

December 24, 2019
Anchors Aweigh as Chevron Sanctions Green Canyon Deepwater Project in GOM

Anchors Aweigh as Chevron Sanctions Green Canyon Deepwater Project in GOM

Chevron Corp. on Thursday sanctioned the massive Anchor oil and natural gas project in the U.S. Gulf of Mexico (GOM), the first greenfield launch in nine years and the first high-pressure project for the domestic offshore.

December 12, 2019

Slumping Natural Gas Prices Lead Chevron to Slash Spend in Appalachia, Look for Kitimat LNG Alternatives

Stung by the continued slump in natural gas prices, Chevron Corp. plans to cut back spending in Appalachia and a long-delayed gas export project proposed for the west coast of Canada, the supermajor said.

December 11, 2019
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