Tag: Deepwater

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 »

Drone presence grows at OTC — with video

Drones aren’t just for government agencies or science fiction movies.  More »

Guest Commentary: Safeguards needed as Latin America expands offshore energy efforts

Cameron Wallace, coordinating Helix Energy Solutions outreach efforts in the Caribbean, says the United States should help its Latin American neighbors establish safety measures for offshore development.  More »

Chevron strikes oil more than 6 miles below sea level

Operating in 6,000 feet of water, Chevron announced Monday that an exploration well in the Coronado prospect of the deep-water Gulf of Mexico struck oil off the coast of Louisiana.  More »

Companies announce strong results from Gulf appraisal well

Anadarko Petroleum Corp. and ConocoPhillips said late Tuesday that their Shenandoah-2 well in the deepwater Gulf of Mexico could prove to be one of their largest discoveries in the Gulf.  More »

Shell’s Olympus platform readies for Gulf of Mexico journey

The 10 million-pound drilling rig for Shell’s Olympus oil platform will begin a four-day voyage along the Texas coast on Thursday to be joined with its massive hull. See photos of the record-setting platform’s construction and journey across the ocean.  More »

Gulf of Mexico will be strongest offshore market, analysts say

Researchers at the International Strategy and Investment Group forecast that the number of deepwater rigs will grow from 36 to 60 by 2015.  More »

Seawater gives new life to oil wells in Gulf

Deep-water drillers are pushing the boundaries of modern technology to help revive the Gulf of Mexico as one of the world’s most prolific oil producers.  More »
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