Posts filtered on Tag

Deepwater

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

on
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

on
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

on
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

on
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

on
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

on
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

on
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.
Photo:  inserv.org

Oil & gas industry standards could be beneficial, but obstacles abound

on
Standards sound great, but I see obstacles to their adoption. I’ll outline those this week, and, since no one likes people who complain about problems but never offer any solutions, I’ll share some thoughts on how to overcome these issues.
John B. Hess, chairman and chief executive officer of Hess Corp. (F. Carter Smith/Bloomberg News)

Hess announces plans to proceed with $6 billion Gulf project

on
The announcement comes at a time when many observers have questioned what sliding oil prices will mean for the future of the oil industry.
(Chevron)

Chevron drillship arrives deep in the Gulf of Mexico

on
The Pacific Sharav, built to Chevron’s specifications, will work in the Keathley Canyon under a five-year contract with Pacific Drilling, a Houston-based ultra-deepwater drilling contractor.