Deepwater

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

Huge Natural Gas Discovery Offshore Mauritania Said Enough to Support LNG Exports

A major natural gas discovery offshore Mauritania may be the largest deepwater discovery this year and holds the potential for an export project, according to Kosmos Energy Ltd.

October 30, 2019

Chevron’s Waterflood Project to Expand St. Malo Deepwater Resources

Chevron Corp. has sanctioned a waterflood project in the St. Malo field of the deepwater Lower Tertiary using technology designed to increase recovery and maximize existing resources in the Gulf of Mexico.

September 19, 2019

Oil, Gas Operators Drawn to Existing Deepwater Infrastructure in GOM Auction

Oil and natural gas producers in the latest federal offshore auction on Wednesday kept their bids narrowed and tailored to deepwater areas of the Gulf of Mexico (GOM) with existing infrastructure.

August 21, 2019
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Williams has acquired and placed into service the 16-inch diameter Norphlet deepwater natural gas gathering pipeline system in the Gulf of Mexico (GOM), extending the reach of the Tulsa-based operator’s massive Transcontinental Gas Pipe Line (Transco) system.

July 25, 2019
Deepwater, Tight Oil Found Moving Closer Cost-Wise on Development Spectrum

Deepwater, Tight Oil Found Moving Closer Cost-Wise on Development Spectrum

The rapid improvement in efficiencies to produce deepwater oil and gas, which usually has taken years and millions of dollars, has put the expensive offshore within reach of tight/shale oil development costs, according to Wood Mackenzie.

July 2, 2019
Deepwater Appomattox Starts Up Ahead of Schedule, Says Shell

Deepwater Appomattox Starts Up Ahead of Schedule, Says Shell

Oil and gas output has ramped up at the Appomattox floating production system in the deepwater Gulf of Mexico (GOM) months ahead of schedule, operator Shell Offshore Inc. said Thursday.

May 23, 2019