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Spending in the Eastern Mediterranean, including development costs for Leviathan offshore Israel, makes up more than 20% of Noble Energy’s 2017 capital program.
The company has initiated cost-saving measures and tackled drilling efficiency among other areas while working toward its goal of developing a remotely operated factory.
The London-based company is gearing up to drill the Araku prospect offshore Suriname and start seismic campaigns, including offshore Guyana updip of ExxonMobil’s Liza discovery.
The sector has benefited from OPEC’s production cut, analysts say, but declining demand remains.
Exploration Briefs For Feb. 2
The marine construction and heavy-lift sector is showing tentative signs of recovery after more than two years of pain.
Innovation delivers new approach to BOP testing in a single trip.
To better gauge resource potential, ExxonMobil said the discovery is being evaluated with two sidetracks drilled. A well test is underway.
In a first-of-its-kind application, subsea LiDAR delivers the data needed to 3-D print an accurate physical model of a damaged subsea part.
The move followed the federal government’s decision to remove the Mid-Atlantic and South Atlantic Planning Areas of the Atlantic Ocean from the 2017-2022 Outer Continental Shelf Oil and Gas Leasing Program.
Like just about every other sector in the oil and gas industry, the lingering oversupply-driven downturn crushed activity and continued to nip away any demand left for equipment for the subsea sector last year.
Companies are demonstrating that talk of applying their offshore expertise and experience to real-world renewables is more than just hot air.