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(AP Photo/Patrick Semansky)

Atwood Oceanics extends Gulf of Mexico rig contract, eyes additional work in Brazil

Atwood’s new contract for the rig is 60 percent smaller than a previous three-year contract with Noble.
Transocean's Deepwater Asgard arrived in the Gulf of Mexico in April 2015 to work under a two-year contract with Chevron. (Chevron)

Transocean will reduce fleet to meet tough market

The world’s largest offshore operator is also cutting back its workforce and consolidating most of its support functions in Houston.
Chevron's massive deep water offshore platform heads to the Gulf of Mexico. The project was slated to start production this year, but that's been delayed after several subsea installation tendons sustained damage. (Chevron)

Chevron says Anchor discovery in Gulf of Mexico shows promise

Appraisals of the Chevron’s Anchor discovery deep in the Gulf of Mexico indicate the prospect could hold large stores of oil, but more testing needs to be done, Chevron and its partners announced Thursday.
WiSub project manager Olof Nilsson with Maelstrom pinless subsea connector. (WiSub)

OTC Tech Awards: WiSub helps deepwater developers maintain power and data connections from the sea floor

In today’s undersea oil and gas industry, an astounding amount of data and power runs up and down the drillstring and out across the seafloor. It’s a constant struggle to send power down and data up.
(AP Photo/Gerald Herbert, File)

Exxon Mobil starts production at its new deepwater project in the Gulf

Total production of the project is expected to reach about 300 million cubic feet of gas and 3,000 barrels of liquids per day from two wells.
Rigs stacked at a business 20 miles west of Farm-To-Market Road 1788 photographed Tuesday, Feb. 24, 2015. (AP Photo/Reporter-Telegram, James Durbin)

Report: Drilling activity could rebound as service costs fall

The number of wells will fall this year, but drilling should recover by next year as oil companies “seize their chance to drill at lower cost,” the report notes.
Deepwater Gulf of Mexico projects are more resilient to short-term price swings, a new report finds.

Gulf of Mexico drills keep spinning despite oil price plunge

The flurry of drilling may be slowing on land because of falling oil prices, but production in the Gulf of Mexico shows no signs of slowing down, a new report finds.
Don Vardeman, vice president of worldwide projects management at Anadarko Petroleum Corporation, talks at Kiewit Offshore Services, 2440 Kiewit Road, in front of the topside production module that will be attached to the Lucius truss spar shown Thursday, July 11, 2013, in Ingleside. (Melissa Phillip/Houston Chronicle)

Anadarko to pull back 2015 spending

Anadarko executives said on a Tuesday call with analysts that capital expenditures would fall in 2015, though they offered few specifics.
(Photos by Chevron)

Companies announce first oil from deep-water Gulf fields

Oil has begun flowing at the Jack/St. Malo project in the deep-water Gulf of Mexico.
The topsides are lowered onto the spar hull at the Tubular Bells field in the Gulf of Mexico. (Photo: Hess Corp.)

Hess, Chevron see first oil flow at Tubular Bells

Hess Corp.’s quest to harvest crude from its Tubular Bells field in deep Gulf of Mexico waters has culminated in oil now flowing at a massive production facility 45 miles from shore.