offshore

New projects coming on stream will boost US gulf oil output to 1.9 million B/D in 2019 and 2 million B/D in 2020, EIA projects.

The deal is contingent on Energean Oil and Gas completing its acquisition of Edison E&P, announced in July.

The round included a near-$1 billion signature bonus on a Campos Basin block awarded to a Total-led consortium.

Heavy deal-making since 2015 by the two majors has resulted in very different upstream portfolios.

Santos Energy said its second and final flow test from the Dorado field suggests potential flow rates of around 30,000 B/D from each Caley reservoir production well.

The hybrid power technology cuts fuel consumption and boosts the dynamically positioned rig’s station-keeping reliability, the drilling contractor says.

Measured-pressure approaches have offered much promise for some time but have been slow to reach widespread application. A spate of technical developments, deployments, trials, and applications, however, recently has pushed measured-pressure drilling and its nuanced variants to their full potential.

SBM Offshore began construction on the vessel following ExxonMobil’s sanction of the Liza Phase 2 development offshore Guyana in May. It is designed to produce 220,000 BOPD after it starts up in 2022.

Subsea advancements in the works include longer tiebacks, an underwater drone that lives on the seafloor, and a robotic manifold capable of actuating dozens of valves. Do these new capabilities, born of necessity, signal a sea change in industrywide technology development?

The Yakaar-2 appraisal well encountered 30 m of net gas pay in a similar high-quality Cenomanian reservoir as the Yakaar-1 discovery well drilled in 2017.