Deepwater

Schlumberger, TGS Advancing Deepwater GOM Exploration Data

Schlumberger Ltd. and Norway’s TGS-NOPEC Geophysical Co. are collaborating on next generation ocean-bottom node projects to assist exploration clients in their quest to develop U.S. Gulf of Mexico (GOM) oil and natural gas.

May 22, 2019

Offshore BOP, Well Control Regulations Finalized

The Department of Interior’s Bureau of Safety and Environmental Enforcement (BSEE) on Thursday issued final regulations covering blowout preventer (BOP) systems and well control, which officials said would reduce unnecessary regulatory burdens.

May 2, 2019
Murphy Oil Snaps Up Deepwater GOM Assets for $1.375B

Murphy Oil Snaps Up Deepwater GOM Assets for $1.375B

Murphy Oil Corp. on Tuesday said it has snapped up producing deepwater Gulf of Mexico (GOM) assets from units of LLOG Exploration Co. for $1.375 billion.

April 23, 2019

Shell Takes $965M for Caesar-Tonga Stakes in Deepwater GOM

Royal Dutch Shell plc has agreed to sell to Israeli-based Delek Group Ltd. its stakes in the producing Caesar-Tonga field in the deepwater Gulf of Mexico (GOM) for $965 million.

April 12, 2019

U.S. Gulf of Mexico Poised for Historic Year with Uptick in FIDs, Drilling, Production

The coming year appears to be a turnaround for the U.S. Gulf of Mexico (GOM), as drilling increases for the first time in four years and more projects are sanctioned.

December 20, 2018
New Permian-to-Gulf Coast Oil Pipelines Aim to Meet Growing Export Demand

New Permian-to-Gulf Coast Oil Pipelines Aim to Meet Growing Export Demand

Midstream operators are trying to capitalize on the rapidly growing interest in deepwater port crude oil export capabilities along the Gulf Coast with two separate pipeline projects that could be capable of transporting more than 1.5 million bbl combined.

November 30, 2018
‘Epic’ Deepwater Oil, Gas Cost Reductions Facing Inflationary Headwinds, Says Wood Mackenzie

‘Epic’ Deepwater Oil, Gas Cost Reductions Facing Inflationary Headwinds, Says Wood Mackenzie

The deepwater oil and gas industry has come out of its sustained downturn, but it now faces impending cyclical cost inflation that could wreak havoc on its work to cut expenses, according to Wood Mackenzie.

November 28, 2018
Big Foot’s Ramp in Deepwater GOM Adding to U.S. Oil, Natural Gas Stores

Big Foot’s Ramp in Deepwater GOM Adding to U.S. Oil, Natural Gas Stores

Chevron Corp.’s Big Foot deepwater project in the Gulf of Mexico (GOM), which ramped up earlier this month, is expected to not only produce copious oil but be a substantial contributor to domestic natural gas stores, according to the Energy Information Administration (EIA).

November 26, 2018

BP’s Thunder Horse Expansion Online Ahead of Schedule, Under Budget

A major oil and natural gas project expansion in the deepwater Gulf of Mexico (GOM) has ramped up four months ahead of schedule and 15% under budget, BP plc said Thursday.

October 18, 2018

Murphy, Petrobras to Jointly Prospect in GOM Deepwater

Murphy Oil Corp. has formed a pact with a unit of Brazil’s Petróleo Brasileiro SA, aka Petrobras, to build a substantial outpost in the U.S. Gulf of Mexico (GOM).

October 11, 2018