Deepwater

Deepwater More ‘Gas-Centric,’ Moving to Compete Price-Wise With U.S. Tight Oil

Deepwater More ‘Gas-Centric,’ Moving to Compete Price-Wise With U.S. Tight Oil

A leaner and more cost competitive industry in the deepwater has emerged as the energy industry gets back to work, with the most compelling projects worldwide closer to competing with U.S. tight oil plays, according to Wood Mackenzie.

March 30, 2017

Deepwater Port License Granted For GOM LNG Export Terminal

The U.S. Department of Transportation’s Maritime Administration (MARAD) recently issued a deepwater port license for what is expected to be the first offshore floating natural gas liquefaction project in the United States.

March 27, 2017
Anadarko Earmarking 80% of Global Capex to U.S. Onshore, Deepwater

Anadarko Earmarking 80% of Global Capex to U.S. Onshore, Deepwater

Anadarko Petroleum Corp. is hiking its capital spending by more than one-third this year as it works to raise Permian Basin resources by 50% and Denver-Julesburg (DJ) resources by 33%.

March 9, 2017

With BHP Contract in Hand, Pemex Hunting for More Exploration Partners

Mexico is open for business and looking for partners to develop deepwater and onshore oil and natural gas, the director general of state-owned Petroleos Mexicanos (Pemex) said Tuesday.

March 8, 2017
Anadarko Pacing Permian Upstream Spend to Sync Midstream Buildout

Anadarko Pacing Permian Upstream Spend to Sync Midstream Buildout

Anadarko Petroleum Corp.’s ability to synchronize its upstream spending with midstream solutions, thereby avoiding bottlenecks and gaining the best prices, proved a winning method in the Denver-Julesburg (DJ) Basin, and it’s now being duplicated in the Permian Basin.

February 1, 2017

BP Boosts GOM Output by 50,000 Boe/d with Thunder Horse Expansion

BP plc said Monday the Thunder Horse South Expansion project in the deepwater Gulf of Mexico has begun operations early, one year ahead of schedule and $150 million under budget, boosting output from the main platform by 50,000 boe/d gross.

January 23, 2017
Anadarko Raises Production Guidance as Expanded Offshore Arsenal Fuels Onshore Growth

Anadarko Raises Production Guidance as Expanded Offshore Arsenal Fuels Onshore Growth

Anadarko Petroleum Corp.’s advantages in the Gulf of Mexico are stacking up, providing cash flow to fund a plethora of U.S. onshore opportunities, as the super independent eyes a stronger production growth rate over the next five years.

December 20, 2016
Mitsui Taking Stakes in Four Promising Shell Deepwater Blocks

Mitsui Taking Stakes in Four Promising Shell Deepwater Blocks

A unit of Japanese trading house Mitsui & Co. Ltd. is buying into some potential powerhouse deepwater Gulf of Mexico assets within the Mars-Ursa Basin owned by Royal Dutch Shell plc that could capture at least 100 million boe in recoverable reserves.

December 6, 2016

BHP Captures Deepwater Prize in Mexico’s Auction With $624M Bid

Australia’s BHP Billiton on Monday was named the first deepwater partner ever for Mexico’s state-owned Petroleos Mexicanos (Pemex), winning the right to jointly explore two blocks in the prolific Perdido Fold Belt. Mexico also awarded the rights to explore other Perdido and Salina del Istmo Basin blocks, which all together may hold total reserves of 10.6 billion boe.

December 5, 2016

BP Pulls Trigger on $9B Mad Dog Expansion in Deepwater GOM

BP plc on Thursday sanctioned a “leaner” $9 billion Mad Dog Phase 2 project for the Gulf of Mexico, which it said highlighted its long-term commitment to the country “despite the current low oil price environment.”

December 1, 2016
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