Italian ENI has signed its first 25-year long production-sharing contract with the Mexican Comisión Nacional de Hidrocarburos (CNH) for oil and gas production in three fields in the Bay of Campeche offshore Mexico, Oi...
Mitsui Oil Exploration Co. Ltd. has succeeded in a joint bid in the Myanmar Offshore Bidding Round 2013 for three deepwater blocks located offshore Myanmar, namely blocks AD-9, AD-11, and MD-5. MOECO will assume a 10%...
As part of the Obama Administration’s all-of-the-above energy strategy to continue to expand safe and responsible domestic energy production, Secretary of the Interior Sally Jewell and Bureau of Ocean Energy Manageme...
Based on Douglas-Westwood’s offshore drilling forecast, there are still plenty of wells to be drilled if the 2015 oil prices average between $50-70/bbl. Total wells drilled could be expected to increase by 17% by 2020...
Husky’s Liwan gas project is the first deepwater gas development offshore China. The project, in block 29/26, delivered first production late last year, approximately seven years following its discovery, and is ...
Shell’s Mars B project, located in the deepwater Gulf of Mexico, produced first oil in the first quarter of this year. It is the first time that significant infrastructure has been added to an existing deepwater...