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Deepwater Oil
Deepwater Oil news and technical articles from Oil & Gas Financial Journal. Search Deepwater Oil latest and archived news and articles
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Chevron strikes oil at Buckskin in deepwater Gulf of Mexico
Chevron Corp. has made a new deepwater oil discovery at the Buckskin prospect located in the deepwater US Gulf of Mexico. The block is roughly 190 miles southeast of Houston …
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W&T Offshore, Stone Energy join Helix Well Containment Group
… HWCG), increasing the group’s membership to 22 deepwater oil and gas operators. HWCG is a consortium of deepwater ..... in the Gulf of Mexico and approximately half of all deepwater oil and gas production in the Gulf, we further expand our …
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GE grows FPSO segment with $1.3B acquisition of Wellstream
… The acquisition allows GE Oil & Gas to grow in the floating production, storage, and offloading offshore segment of deepwater oil and gas production and includes the acquisition of Wellstream’s manufacturing facility in Niterói. Source: GE …
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Ghana
… coast of Ghana is a business opportunity with a cascade effect on the rest of the economy. Proven reserves in the deepwater oil field are around 800 million barrels, with an upside potential of 1.8 billion barrels. When the crude begins to …
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TAG Oil finds oil-bearing sandstones in Taranaki Basin, New Zealand
… submitted by Shell Offshore Inc., following the completion of a site-specific Environmental Assessment (SEA) for deepwater oil and gas exploration. This is the first new deepwater exploration plan approved since the Deepwater Horizon explosion …
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Offshore industry reels in wake of BP blowout
… not just BP, which is running up about $100 million a day in cleanup and containment costs and has yet to stop the deepwater oil gusher. As of this writing, some 33 deepwater rigs remain idle in the Gulf of Mexico. Drilling contractors and the …
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BP to sell certain Gulf of Mexico fields to Marubeni
… oil spill in the Gulf of Mexico, the company is selling its recently-acquired interests in four mature producing deepwater oil and gas fields in the US Gulf of Mexico to Japan's Marubeni Oil and Gas for $650 million cash. BP acquired the …
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GE grows with $1.3B acquisition of Wellstream
… The acquisition allows GE Oil & Gas to grow in the floating production, storage, and offloading offshore segment of deepwater oil and gas production and includes the acquisition of Wellstream's manufacturing facility in Niterói. $2.85B Holly …
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Wood Group Kenny awarded pipeline design contract for Amberjack Jack/St. Malo
… P Kenny has been awarded a contract to perform detailed design for Amberjack Pipeline Co. LLC's Jack/St. Malo deepwater oil export pipeline in the Gulf of Mexico. Amberjack Pipeline is a joint venture between Chevron Pipe Line Co. and Shell …
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New report outlines role of deepwater production in global oil supply
… that of every other country except Saudi Arabia, Russia, and the United States. • At the global and US levels, deepwater oil discoveries are increasingly important to the reserve base. The volume of new oil reserves coming from deep water has …