(World Oil)– Seadrill has announced a series of new contract awards in the U.S. Gulf of America/Mexico and offshore Angola, strengthening its backlog into 2026 and early 2027. In the U.S. Gulf, Seadrill’s West Neptune drillship was awarded a four-month contract by LLOG Exploration. The program is scheduled to begin immediately following the rig’s current campaign and is expected to
(World Oil)– Shell plc has taken a final investment decision (FID) on a waterflood project at its Kaikias field in the U.S. Gulf of America, marking a new phase of secondary recovery aimed at extending production from the Ursa hub. Shell Offshore Inc. said the Kaikias waterflood project will involve injecting water into the reservoir to displace additional oil toward existing
(World Oil)– Shell plc reported strong third-quarter 2025 results, underpinned by record production from its deepwater assets in Brazil and the Gulf of America, as well as robust performance across its LNG and Marketing divisions. Adjusted earnings reached $5.4 billion, while cash flow from operations (CFFO) totaled $12.2 billion, reflecting higher volumes and stronger trading and optimization results compared to
(World Oil)– Equinor and its partners have achieved first oil from the Bacalhau field in Brazil’s Santos basin, marking a major milestone for one of the largest deepwater developments in the world. The project represents Equinor’s biggest international offshore investment, with recoverable reserves exceeding 1 billion barrels of oil equivalent (boe) and peak production capacity of 220,000 barrels per day
(World Oil)– Halliburton has been awarded multiple deepwater contracts by Petrobras to deliver vessel stimulation, intelligent completions, and safety valve systems across key offshore fields in Brazil, following a competitive tender process. Under the new agreements, Halliburton will deploy its SmartWell® intelligent completion technology in the Búzios field to enable real-time reservoir management and enhance production optimization. The company will
World Oil (WO) – Transocean Ltd. announced a 365-day contract extension for the Deepwater Asgard with an independent operator in the U.S. Gulf of Mexico. The program is expected to commence in June 2024 in direct continuation of the rig’s current program and includes additional services. The total contract value of approximately $195 million includes a $10.9 million lump sum payment, which
By Tyler Losier, Energy Reporter, Oil & Gas 360 Caliber Midstream acquires North Dakota assets from American Midstream Partners Caliber Midstream Holdings L.P., headquartered in Denver, Colorado, has acquired crude oil gathering and transportation assets in McKenzie county, North Dakota from American Midstream Partners L.P. The acquired assets include a FERC-regulated system comprised of 47 miles worth of pipeline and
By Tyler Losier, Energy Reporter, Oil & Gas 360 Shell Offshore Inc. makes final investment decision for PowerNap deep-water project in U.S. Gulf Shell Offshore Inc., a subsidiary of Royal Dutch Shell plc (stock ticker: RDS-A, RDS-B), has reached a final investment decision (FID) for the PowerNap deep-water project in the US Gulf of Mexico, electing to move forward with
From The Houston Chronicle After much of the energy sector abandoned deepwater drilling to focus on quicker and cheaper shale oil, the offshore and onshore industries suddenly have much more in common than they once did. The two sectors are meeting in the middle as shale oil becomes larger-scale and switches to a repeatable manufacturing mode, while the offshore industry
By Tyler Losier, Energy Reporter, Oil & Gas 360 Deeper water targets available with new Gulf of Mexico platform Royal Dutch Shell plc (stock ticker: RDS.A), through its subsidiary Shell Offshore Inc., brought its Appomattox floating production system online Thursday, in what is now the first commercial discovery operational in the Gulf of Mexico Norphlet formation. The deep-water oil
Shell And Partners Start Deep-Water Production At Lula North In Brazil
From Houston Chronicle The slow deepwater recovery in the Gulf of Mexico and the rest of the world is now threatened by falling oil prices and the projected cost rise of drilling rigs and other services. A new report Tuesday by research firm Wood Mackenzie highlights how the offshore sector has returned to viability through costs reductions and greater
