As the U.S. Department of the Interior continues to drag its heels in developing the next federal offshore oil and gas leasing program, Shell yesterday made an announcement that underscores the continuing
JUNE 14, 2018 — Shell Exploration and Production Company has awarded Gray, LA, headquartered oilfield service provider Danos a coatings contract for its Appomattox platform in the Gulf of Mexico. The coatings
MAY 9, 2018 — The downturn in the price of oil over the past few years forced oil and gas producers to rethink their approach to deepwater offshore oil and gas development.
FEBRUARY 1, 2018 — Oil majors Shell and Total have each announced major oil discoveries in the deepwater U.S. Gulf of Mexico. Shell Offshore Inc. yesterday announced what it called “one of
AUGUST 16, 2017 — U.S. Secretary of the Interior Ryan Zinke today announced that the region-wide Gulf of Mexico Lease Sale 249 generated $121,143,055 in high bids for 90 tracts covering 508,096
SEPTEMBER 29, 2015—Publicly traded Freeport-McMoRan reported that it discovered oil from its Horn Mountain Deep well in the Deepwater Gulf of Mexico (GOM). Initial production from the well, which will be tied back to
The unit was ordered during the second quarter of 2012 and the delivery date stated in the construction contract was by December 31, 2014.
“Due to the shipyard’s inability to deliver the unit within the timeframe required under the contract, the company has exercised its cancelation rights,” says Seadrill, which notes that, under the contract terms, it has the ability to recoup its $168 million in pre-delivery installments to the shipyard, plus accrued interest.
In fourth quarter 2012, Seadrill was awarded a five year contract for the West Mira with Husky Oil Operations for operations in Canada and Greenland.
In its second quarter earnings report, Seadrill reported that, due to the late delivery of West Mira, the company had tentatively agreed with Husky to reduce the dayrate of the West Mira drilling contract.
Seadrill says it remains in discussions with Husky to find an alternative solution to meet its drilling requirements.
AUGUST 31, 2015 — Italian based energy major Eni has discovered what it calls a “supergiant” offshore gas field at its Zohr Prospect, in Egyptian economic zone deepwater. Eni says that, according
AUGUST 12, 2015—An official ribbon-cutting ceremony will be held today at the Warren, RI, shipyard of Blount Boats, Inc., for the first offshore wind farm crew transfer vessel being built in the
DECEMBER 3, 2014—The first oil and gas production from the Jack/St. Malo project in the Lower Tertiary trend in the deepwater U.S. Gulf of Mexico—with a water depth of some 7,000 feet—has