Maersk Drilling has named its first ultradeep-water drillship and is preparing the landmark vessel to begin work on an Exxon Mobil project in the Gulf of Mexico early next year. More »
Venezuela agreed to release the vessel and its crew. More »
The deal includes a 15% working interest in the Medusa field, which is at deep-water Mississippi Canyon blocks 538 and 582; a 10% membership interest in Medusa Spar; and various interests in 12 non-operated Gulf of Mexico fields. More »
Two of the eleven finalists to participate in Brazil’s auction for its gigantic Libra field have dropped out, three days before the scheduled Oct. 21 bidding day, failing to pay the more than $1 million guarantee deposit to the Brazilian government for their place at the table.
David Dickson will join McDermott from Technip, succeeding Stephen Johnson as president and CEO. More »
Energy XXI (Bermuda) Ltd. is looking to buy offshore assets in Southeast Asia that have similar geology to the U.S. Gulf of Mexico, where it operates five of the biggest shallow-water oil fields.
Statoil announced on Tuesday that it was abandoning a proposed $120 million wind project off the coast of Maine, which industry officials once said could make Maine a leader in offshore wind power, after Republican Gov. Paul LePage’s administration maneuvered to reopen the competitive bidding process. More »
The Houston energy services company has been operating in Ghana since 2008 and recently completed the assembly and testing of the first Ghanaian-built subsea trees at its support base in Takoradi. More »
Angola, Africa’s largest oil producer after Nigeria, is imposing a consumption tax on petroleum companies that will raise some costs by as much as 10 percent, according to government documents. More »
The Senate on Saturday unanimously passed legislation to enact a long-stalled international treaty that would govern oil drilling along the U.S.-Mexico border in the Gulf of Mexico, but the popular measure faces an uncertain future in the House. More »
The Center for Offshore Safety, an industry group developed after the Deepwater Horizon oil spill in 2010 to foster best practices for the industry, has given its approval to three initial auditing organizations for reviewing offshore companies’ safety plans.
The federal government shutdown could harm oil and gas production across the United States, former Interior Secretary Ken Salazar warned Thursday. More »
The Brazilian billionaire Gradin family is spending $500 million on three offshore vessels to help Petroleo Brasileiro SA (PETR3), the biggest oil producer in deep waters, reverse declining output at its biggest production zone.
Norway may see a series of Arctic oil finds after a well produced crude from a previously unproductive layer of rock, explorer Lundin Petroleum AB said. More »
Chevron Corp. (CVX) began returning workers to shuttered Gulf of Mexico operations and Anadarko Petroleum Corp. said it expected to follow suit as Tropical Storm Karen weakened off Louisiana. More »