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The Guyana-Suriname Basin has an estimated resource potential of more than 13 billion barrels of oil, according to the U.S. Geological Survey.
Kosmos CEO Andrew Inglis said he believes a huge opportunity has opened in the U.S. Gulf of Mexico as many competitors leave the region for onshore shale.
Digital proponents promote industrywide adoption of digital technologies.
A company realized that some 50% of the country’s well inventory was idle, so it set out to arrest Malaysia’s production decline rate.
The development, which includes two new bridge-linked platforms, has been designed to produce until 2050 with a peak production capacity of 120,000 barrels per day.
Fugro has a new AUV (Autonomous Underwater Vehicle) to play with, after recently taking delivery of the Hugin 1000 AUV, E...
BW Offshore has sold the VLCC BW Opal...
An FPSO, export pipeline and floating liquefaction solution is on the drawing board for an ultradeepwater gas discovery in the South China Sea operated by CNOOC.
DNV GL is leading a Joint Industry Project (JIP) aimed at solving the challenges brought about by sour service fluids from wells and the demands it places on pipeline material.
Odfjell Drilling expects the deepwater rig market to remain weak over the next couple of years, due to the continued delivery of newbuild units and oil companies’ increased cost focus and capital discipline.