Tag: Deepwater

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.  More »

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.  More »

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.  More »

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.  More »

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.  More »

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

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.  More »

Hess announces plans to proceed with $6 billion Gulf project

The announcement comes at a time when many observers have questioned what sliding oil prices will mean for the future of the oil industry.  More »

Chevron drillship arrives deep in the Gulf of Mexico

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.  More »

BHP Billiton, Pemex sign agreement to share deepwater knowledge

Australian oil and mining giant BHP Billiton and Pemex, Mexico’s national oil company, have signed a deal to share knowledge of deepwater operations, BHP Billiton announced.  More »

Shell announces first oil from Cardamom field in Gulf of Mexico

Shell Oil Co. announced Monday that it had begun production from a subsea project in the Gulf of Mexico that is expected to eventually produce 50,000 barrels of oil equivalent per day.  More »

Pemex seeking partners for Eagle Ford and deep-water work

The booming Eagle Ford doesn’t stop at the Texas border, but for most producers, it essentially does — at least until now. That will soon change.  More »

Growth likely as long as oil stays above $40

Oil companies are rapidly cutting their costs as they produce at higher rates in the United States, with output likely to continue growing as long as oil prices stay above $40 a barrel.  More »

Noble Energy discovers oil and gas at Gulf of Mexico site

The Houston company said it has discovered between 50 million and 100 million barrels of oil equivalent at its Troubadour exploratory well in the deep-water Gulf of Mexico.  More »

Anadarko makes discoveries, boosts earnings

Anadarko Petroleum Corp. reported $929 million in second-quarter profit, compared with a loss of $89 million for the same quarter last year, as improvements in its drilling performance led to five deep-water discoveries.  More »

Ensco adds another drillship to its fleet as deep water booms

Ensco has announced plans to add a drillship to its fleet as demand for the deep-water vessels and platforms continues in the Gulf of Mexico, West Africa and other hot spots.  More »
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