Four years after French major Total SA suspended the search for natural gas off the Southern coast of South Africa, it was good news this week for the company's shareholders and partners when the exploration and production giant announced the successful drilling of its Brulpadda well鈥
Following 鈥渂ig consolidation activity鈥 within the subsea industry in 2016 and 2017, slowed merger and acquisition action in 2018 has created challenges for the sector, according to Mike Beveridge, managing director at energy investment banking firm Simmons Energy鈥
Sete Brasil was created in 2010 to manage the construction of 28 drilling units in Brazilian shipyards to fulfill Petrobras contracts to drill its pre-salt plays, at a time when Petrobras unrealistically planned to be the sole pre-salt operator鈥
Amid mixed reports on the health of the offshore supply chain, the underreported seismic services segment 鈥 a bellwether of eventual market growth or decline 鈥 is showing signs that another wave of market recovery is just a year away.Oslo-based鈥
The Deepwater Horizon oil spill changed a lot of the thinking about subsea blowouts, including how to predict the movement of the oil and gas.鈥淥ne thing that was clear early on during the Deepwater Horizon was that dissolution of oil into water was a major process鈥
Tanzania could be preparing for yet another licensing round of its offshore oil and gas blocks in the second quarter of 2019, more than four years after the last auction did not yield the anticipated results on the back of the country's complex regulatory regime鈥
The massive Libra pre-salt area, which was originally believed to contain at least volumes of between 8 billion and 12 billion boe, started production at the end of 2017. Located within the Santos Basin, over 200 kilometers off the coast of Rio de Janeiro鈥
An area of rich oilfields in the southern North Sea off Norway appears set to become the next large-scale development to awe and shock observers for being a possible 鈥渇ast-track鈥 project in a mature area thought to have seen its best days.Norwegian offshore operator鈥
Wood is using a global yet regional approach to complete offshore projects around the world.Kent McAllister, Wood鈥檚 president for capital projects upstream & midstream, called Equinor鈥檚 Peregrino 2 project a good example of that kind of global yet regional approach鈥
Africa's offshore oil and gas potential remains largely unexploited, and 2019 may turn out to be a good indicator on whether countries with shallow-, deep- and ultra-deepwater hydrocarbon resources can make headway in attracting exploration and production investments鈥
Total is an acknowledged subsea and deepwater exploration and production (E&P) pioneer, having begun to explore subsea technology in the late 1960s, and being one of the early players in the deepwater scene with the Girassol field located in Block 17鈥
A brief lull in winter weather across the North Sea over the weekend imperceptibly tightened the spot market for anchor-handling tug supply vessels (AHTS), until there were no vessels left for oil companies to charter.That spot tightness in AHTSs鈥
The oil and gas industry鈥檚 relentless focus on safety is paying off. Earlier this week, the American Petroleum Institute (API) released its Workplace Safety Report, which revealed occupational injuries and illness for the oil and gas industry鈥
London-based Tullow Oil has unveiled plans to drill for oil and gas in Ghana's offshore Tweneboa Enyenra Ntomme (TEN) oil fields in the deepwater Tano Block as the company embarks on a work program that could see it increase its production in West Africa by 10% in 2019鈥
With the oil and gas market heating up in Brazil, many foreign service providers are looking to set up shop in Brazil with an eye on new opportunities.Although the South American country's main attraction will continue to be exploration and production (E&P) in post-salt and pre-salt acreage鈥
