Archive | The Offshore Frontier

Hess announces 2015 capital, exploratory budget

Posted on 27 January 2015 in News, The Offshore Frontier

Hess Corp announced a 2015 capital and exploratory budget of $4.7 billion, a 16% reduction from its 2014 actual spend of $5.6 billion. Of this, $2.1 billion (45%) is budgeted for unconventional shale resources…

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Petrobras reduces operating costs, time with new pre-salt subsea equipment deployment technique

Posted on 22 January 2015 in News, The Offshore Frontier

At the end of last year, Petrobras deployed its first wet Christmas tree using cables in the pre-salt area. The main change involved was the use of a subsea equipment…

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XACT, BP complete first deepwater deployment of SandSentry Acoustic Telemetry Network in Gulf of Mexico

Posted on 22 January 2015 in News, The Offshore Frontier

XACT Downhole Telemetry, in conjunction with BP, recently completed the first operational field trial of the SandSentry Acoustic Telemetry Network in the deepwater Gulf of Mexico…

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Hannon Westwood report: Activity fell in UK, flourished in Norway in 2014

Posted on 20 January 2015 in Global and Regional Markets, News, The Offshore Frontier

In 2014, activity levels in the UK and Norwegian sectors continued to diverge, with Norway seeing consistently high activity levels that were not replicated in the UK…

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ExxonMobil begins production from Arkutun-Dagi in Sakhalin

Posted on 19 January 2015 in Global and Regional Markets, News, The Offshore Frontier

ExxonMobil announced that production has begun at the Sakhalin-1 project’s Arkutun-Dagi field – the last of the three fields to be developed. Peak daily production from the field is expected…

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Enhanced Drilling taking RMR to deeper waters on NCS

Posted on 14 January 2015 in News, The Offshore Frontier

A major operator has signed a four-year contract with Enhanced Drilling for its Riserless Mud Recovery (RMR) and Cuttings Transportation Systems (CTS)…

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Petrobras discovers oil accumulation in the Sergipe Basin Farfan area

Posted on 09 January 2015 in Global and Regional Markets, News, The Offshore Frontier

Petrobras found light oil and gas in the Farfan area after drilling a well in the Sergipe Basin ultra-deep waters. The results confirm predictions made in the region…

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Eni extends contract with Ocean Rig Poseidon

Posted on 08 January 2015 in Global and Regional Markets, News, The Offshore Frontier

Ocean Rig announced an agreement with ENI Angola, to extend the contract for the Ocean Rig Poseidon drillship for one year, until Q2 2017. As part of the contract…

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Chevron makes oil discovery at Anchor prospect in deepwater US Gulf of Mexico

Posted on 06 January 2015 in News, The Offshore Frontier

Chevron announced a significant oil discovery at the Anchor prospect in the deepwater U.S. Gulf of Mexico…

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Rowan secures new jackup contracts, extensions

Posted on 05 January 2015 in Global and Regional Markets, News, The Offshore Frontier

Rowan Companies’ Joe Douglas, a LeTourneau Technologies 240-C Class jackup, has been awarded a one-well contract with Fieldwood in the Gulf of Mexico for…

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