Chevron has ruled out any output from its deepwater Big Foot project until at least 2018 as the oil major continues to investigate the cause of a setback at its facility. A total of nine tendons sunk to the sea floor after initially losing buoyancy. The Big Foot deepwater oil project in the Gulf of Mexico had been months away from a planned initial startup for later in the year.
Scottish sand control specialist Darcy has seen its patented down-hole screening technology achieve an industry first following a successful trial with energy giant Statoil.
Seismic survey specialist Dolphin Geophysical has kicked off its first major project in Mexico.
Enterprise Products Partners has sold their offshore Gulf of Mexico pipelines and services business to Genesis Energy in a $1.5billion deal. The transaction is expected to close during the third quarter of this year. The company’s assets in the region include ownership interest in nine crude oil pipeline systems and interest in six offshore hub platforms.
State-owned oil producer Pemex has appointed Houston-based treatment specialist ProSep to deliver a crude blending project on-board a platform in the Gulf of Mexico.
Royal Dutch Shell has been granted permission to develop the Appomattox deepwater oil and gas field in the Gulf of Mexico, set to be the energy giant's largest floating platform in the region. The Appomattox project, 80 miles off the coast of Louisiana, is expected to reach peak production of around 175,000 barrels of oil equivalent (boe) per day, Shell said in a statement on Wednesday.
Mexico approved 19 companies and seven groups to bid on 14 shallow-water exploration blocks as the country prepares to allow private producers to drill in its waters for the first time since 1938. Exxon Mobil Corp., Chevron Corp., and Pacific Rubiales Energy Corp., were among the companies that Mexico’s oil regulator, known as CNH, cleared to develop an estimated 80,000 daily crude barrels in the Gulf of Mexico, Commissioner Juan Carlos Zepeda said in a live feed of the meeting. Some 34 companies applied to pre-qualify for the July 15 auction.
McDermott International (MDR) have been awarded a "sizeable" contract to transport and install subsea umbilicals, manifolds, jumpers and flying leads for Chevron. The contract is to support the brownfield expansion of the Jack and St Malo fields in the US Gulf of Mexico. The value of the award is included in McDermott's first quarter 2015 backlog.
Oil major Chevron has joined forces with BP and ConcoPhillips to explore and appraise 24 jointly-held leases in the Gulf of Mexico. The companies will combine their efforts on moving two Paleogene discoveries closer to development and provide expanded exploration into the emerging market. Under the agreement, BP will sell to Chevron half of its current equity interest in the Gila and Tiber fields.
Technip has been awarded two subsea contracts in the Gulf of Mexico by Stone Energy. The flexible pipe supply contract and an installation contract are for the Amethyst field located at the Mississippi Canyon 26. The first contract includes engineering, procurement, fabrication, assembly and testing of a five-inch production static riser.
Hercules Offshore said it will be taking five drilling rigs off the market in the Gulf of Mexico. The company also expects to write off $117million in asset value in the second quarter of the year.
Oil major Chevron has made a significant oil discovery at the Anchor prospect in the Gulf of Mexico. The Green Canyon block 807 well number two encountered oil pay in multiple Lower Tertiary Wilcox Sands. It was spudded in August 2014 and drilled to a depth of 33,749 feet.
Tony Hayward faced a mini shareholder revolt and a barrage of questions about company ethics at Glencore Xstrata’s AGM yesterday.