Thursday, December 14, 2017
auger tension leg platform
News

Goldman Says Big Oil Is Poised for Its Best Year in Decades

By Kelly Gilblom and Nejra Cehic (Bloomberg) — Big Oil’s slump is over and industry domination beckons, according to Goldman Sachs Group Inc. In 2018, companies from Royal Dutch Shell...

December 14, 2017
Total Views: 0

Wednesday, May 31, 2017
News

Trouble Brews for OPEC as Expensive Deepwater Oil Turns Cheap

By Serene Cheong, Sharon Cho and Dan Murtaugh (Bloomberg) — Reports of deep-sea drilling’s demise in a world of sub-$100 oil may have been greatly exaggerated, much to OPEC’s dismay. Pumping crude...

May 31, 2017
Total Views: 2

Tuesday, March 28, 2017
News

Deepwater Driller Ocean Rig Files for U.S. Bankruptcy Protection

March 28 (Reuters) – Ocean RIG UDW Inc, a Cyprus-based rig contractor, filed for Chapter 15 bankruptcy protection in a U.S. court amid a deep and prolonged downturn in the...

March 28, 2017
Total Views: 15

Thursday, August 18, 2016
Offshore News

Deepwater Mexico: Exxon, Chevron & Hess Bid To Drill Oil

by Adam Williams (Bloomberg) Exxon Mobil Corp., Chevron Corp. and Hess Corp. have agreed to bid together for rights to drill for crude in Mexico’s deepwater oil areas, according to a person with...

August 18, 2016
Total Views: 5

Tuesday, March 1, 2016
Maritime News

Pemex Halts Deepwater Projects With Budget Cuts to Stem Losses

By Adam Williams (Bloomberg) — Mexico’s state-owned oil company is taking deepwater development off its plate for now. Driven to rip $5.5 billion out of its budget this year to...

March 1, 2016
Total Views: 10

Friday, June 12, 2015
Maritime News

Pacific Drilling Emerges as Deepwater Takeover Target

Pacific Drilling SA, an offshore oil-rig contractor, is gaining notice as a takeover candidate.

June 12, 2015
Total Views: 3

Wednesday, October 29, 2014
stena forth drillship
News

Hess and Partners Reach FID for Stampede Development

Hess, along with their joint venture partners Union Oil (Chevron), Statoil and Nexen, all of which have a 25 percent working interest, have reached a final investment decision to proceed...

October 29, 2014
Total Views: 15

Wednesday, August 13, 2014
Maritime News

Venari Raises Additional $1.3 Billion to Bolster Deepwater Gulf of Mexico Inventory

Gulf of Mexico-focused deepwater exploration and production company Venari Resources says it has raised an additional $1.3 billion in equity commitments bringing the total raised to $2.4 billion less than two and a half years of the company was formed.

August 13, 2014
Total Views: 2

Wednesday, April 23, 2014
ensco DS-5 floorhands
Multimedia

What it’s Like to Work on Board a Modern Drillship in the Gulf of Mexico

  The George Bush Library and ENSCO put together the following video going into detail the day-to-day operations on board the ENSCO DS-5, an ultra-deepwater drillship built by Samsung Heavy...

April 23, 2014
Total Views: 186

Monday, March 31, 2014
subsea pump module statoil
News

Why Deepwater Drilling is Hard and What Statoil is Doing About It

Drilling in deepwater is a fairly complicated for a number of reasons. 1) You’re floating in the ocean while maintaining exact position over the well located over a mile and...

March 31, 2014
Total Views: 14

Friday, September 13, 2013
gulf of mexico map
Offshore News

Wildcatter Hunch Unlocks $1.5 Trillion Oil Offshore U.S.

When geologist Robert Ryan started his career in the 1970s, 600 feet was considered “deep water,” shale was useless rock and oil didn’t exist below the salt layer. Man has that changed.

September 13, 2013
Total Views: 6

Monday, January 28, 2013
Seadrill Semi-Rig West Pegasus
Offshore News

Seadrill’s West Pegasus Sets Deepwater Drilling Record Off Mexico

Lee Freeman, Captain of Seadrill’s record-breaking rig West Pegasus provides us with the following update via satellite. On 28 January 2011, the first crew members arrived at Jurong shipyard in...

January 28, 2013
Total Views: 40

Saturday, September 22, 2012
Offshore News

Going Deeper: Global Energy Demand to Drive Growth in Deepwater Rigs

RIO DE JANEIRO–Global energy needs will continue to drive demand for the specialized drilling rigs needed to tap ever-deeper offshore oil fields through the end of the decade, fueling increases in daily...

September 22, 2012
Total Views: 0

Tuesday, March 6, 2012
saudi aramco
News

Saudi Aramco Announces Deepwater Drilling Ambitions in the Red Sea

HOUSTON (Dow Jones)–Saudi Aramco, the world’s largest oil producer, plans to drill its first deepwater exploratory well in the Red Sea by year-end, a company executive said Tuesday. “We are...

March 6, 2012
Total Views: 1

Monday, September 19, 2011
Offshore News

Watch Out: BOEMRE Will Sneak Up On You

The U.S. offshore regulator, Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE), has completed its first post-Macondo unannounced spill drill to test the new requirements of sub-sea containment capabilities...

September 19, 2011
Total Views: 1

Wednesday, June 22, 2011
Offshore News

Transocean Probe Blames BP Decisions for Gulf of Mexico Spill

By Angel Gonzalez An internal investigation by Transocean Ltd. determined that a series of risky decisions made mostly by BP PLC led to the Deepwater Horizon oil-spill disaster, contrasting with...

June 22, 2011
Total Views: 0

Wednesday, June 15, 2011
Offshore News

Douglas-Westwood CEO: Emerging Markets Have Drillers in Deep Water

Speaking at the IADC World Drilling Conference in Copenhagen, Douglas-Westwood’s CEO, Andrew Reid, outlined the impact emerging markets will have on global drilling activity in the coming years. The Arctic...

June 15, 2011
Total Views: 1

Monday, May 16, 2011
Offshore News

Drill-Only Bills – US House And President Obama Agree To New Drilling Permits

The U.S. House of Representatives has voted to impose deadlines on the Obama administration to issue offshore drilling permits, as Republicans renewed calls for greater amounts of domestic oil production...

May 16, 2011
Total Views: 12

Friday, April 8, 2011
News

Seadrill confirms ultra-deepwater contract in Mexico

Seadrill, through its affiliate Sea Dragon de Mexico, has settled the final agreement with Pemex for the provision of the ultra-deepwater semi-submersible drilling rig West Pegasus (previously Seadragon I). The...

April 8, 2011
Total Views: 3

Wednesday, March 16, 2011
Engineering News

Seadrill places $1 billion order with SHI

Samsung Heavy Industries has received a contract to build two additional deepwater drillships for Seadrill worth US$1.08 billion.  Seadrill has already received 3 drillships of the same class from SHI,...

March 16, 2011
Total Views: 1