LLOG Orders 20k Trees for Shenandoah
the estimated 100 to 400 million barrels targeting previously discovered oil-bearing Upper and Lower Wilcox-reservoirs. The oil and rock qualities for the Shenandoah development are both best-in-class for the emerging Wilcox production trend, it said.Shenandoah was discovered in 2011, then operated by Anadarko. LLOG took over as operator in April 2018. The leases are currently held under a Suspension of Production with the Bureau of Safety and Environmental Enforcement (BSEE)
TechnipFMC: Record Orders, Backlog in Q2
as an energy transition fuel, helping to meet the increasing demand for energy while lowering greenhouse gases," Pferdehirt said.TechnipFMC said its subsea division was also seeing strong growth and had won most contracts in the sector, worth around $3 billion, since the start of the year including Anadarko's Golfinho $1 billion development in Mozambique."The unprecedented level of order activity demonstrates that we are winning," Pferdehirt said, adding that TechnipFMC's strong second-quarter results and growth in backlog showed the company would achieve its increased full-year guidance
Oceaneering Awarded Work in Mozambique
Oceaneering announced on Wednesday it has secured a contract from Anadarko Petroleum Corporation to supply umbilicals, distribution hardware, and aftermarket services for its liquefaction and export terminal project in Mozambique.The multiple lengths of onshore and subsea steel tube control umbilicals total approximately 185 kilometers in length. The distribution hardware to be provided includes umbilical termination assemblies, hydraulic and chemical distribution units, electrical distribution units, flying leads, junction plates, remotely operated underwater vehicle (ROV) flyable large-bore connectors
TechnipFMC Wins $1 Billion Subsea Contract
TechnipFMC said it has been awarded a number of subsea contracts by US-based Anadarko Petrleum for its Golfinho/Atum development offshore Mozambique.The UK-based firm said it was awarded a contract worth more than $1 billion for the engineering, procurement, construction and installation (EPCI) of the subsea hardware system through its wholly owned UAE incorporated subsidiary, Technip Middle East FZCO.TechnipFMC will execute the offshore installation scope with its consortium partner Van Oord, through their wholly owned UAE incorporated subsidiary, Van Oord Gulf FZE, and in cooperation with strategic
2H Offshore Expands STREAM JIP
2H Offshore, a riser and conductor specialist in subsea services group Acteon, has completed the first phase of the STREAM (STeel Riser Enhanced Analytics using Measurements) joint industry project (JIP) and has expanded the work into a second phase.The JIP’s participants include Anadarko, Chevron, ExxonMobil and Shell. In this collaborative effort, field data from four deepwater steel catenary risers (SCR) and one lazy-wave riser were used to provide a measurement-based foundation for riser modelling.The data analysis revealed a wealth of information on riser-wave-induced, vortex-induced (VIV)
Argentina Offshore Auction Attracting Oil Producers
International oil firms including Norway's Statoil, U.S. Anadarko Petroleum, China's CNOOC and Malaysia's Petronas have shown interest in Argentina's auction this year of offshore blocks for exploration and production, the country's energy minister said on Wednesday.Argentina, which is still defining the areas to be included in the auction, also wants oil companies currently exploring at its large Vaca Muerta shale field to move from pilot to full development phase after offering incentives to cut costs.Six projects have moved to the production stage in recent months, and the
As US Opens Up Offshore Waters, Eastern GoM Beckons
in concert with enabling military operations, training and testing." Defense Department spokeswoman Major Carla Gleason said collaboration with Interior on the issue was "a priority." Major offshore producers such as Exxon Mobil Corp, BP Plc, Anadarko Petroleum Corp and ConocoPhillips declined to comment. Shell welcomed the expanded offshore prospects the Trump administration plans to make available, but has not committed to any new activity, said spokesman Curtis Smith. A Chevron spokeswoman, Veronica Flores-Paniagua, said
Latest Gulf of Mexico Auction Signals Offshore Return
operations to adapt to low oil prices. Offshore drilling typically requires higher prices for producers to break even. Royal Dutch Shell claimed the largest number of blocks, with 19 high bids valued at a combined $25.1 million. Chevron Corp followed with 15 high bids totaling $27.9 million. Anadarko Petroleum Corp won 10 blocks for $10.6 million. Exxon Mobil Corp took seven blocks of land for $20.4 million. Most of the bids were for deep water blocks, at depths of more than 1,600 meters. The auction drew interest from 27 oil companies, with 99 bids on 90 blocks in the Gulf of Mexico
BP Doubles Down on Deepwater
Mobil Corp, Chevron Corp and Royal Dutch Shell have maintained Gulf operations but focused expansions on U.S. shale. Exxon Mobil doubled its acreage in the Permian in a deal earlier this year. Freeport-McMoRan and Devon Energy Corp have pulled out of Gulf drilling entirely in recent years. Anadarko Petroleum Corp took a $435-million dollar write-down in May on its Shenandoah project in the Gulf, deciding it could not profit with oil prices hovering at about $50 a barrel. "In a $50 to $60 world, we always felt like greenfield development, in the Gulf in particular, was fairly
February 2024
