Subsea Services Market Expected to Top $7 Billion in 2023

Rystad Energy sees increased brownfield activity driving a 20% increase in projected spend in the subsea services market in 2023.

Hess Corp. Reports Fangtooth SE-1 Find, Sets 2023 Capex Budget at $3.7 Billion

New York-based Hess Corp. announced a new discovery offshore Guyana and set its 2023 E&P capital and exploratory budget at $3.7 billion, of which more than 80% will be allocated to the Bakken and Guyana’s Stabroek Block.

FPSO for BP's GTA sails toward West Africa

BP and partners expect first gas later this year from the development that straddles Mauritanian and Senegalese waters.

Equinor Strikes Gas in Norwegian Sea

Obelix Upflank is first discovery of the year on the Norwegian Continental Shelf. The partners are considering a subsea tieback to nearby Irpa field.

E&P Highlights: Jan. 13, 2023

Here’s a roundup of the latest E&P headlines, including gas discoveries onshore the Nile Delta in the North Sea and a host of new contract awards from the past week in the upstream oil and gas industry

Emerging Players Contribute to 'New Day' for Oil Activity in West Africa

New players in Mauritania and Ivory Coast are making their presence felt in the energy industry. 

E&P Highlights: Jan. 9, 2023

Here’s a roundup of the latest E&P headlines from the past week in the upstream oil and gas industry, which include ONGC bringing stranded assets online to its “lucky mascot” and Aker Solutions winning the conversion contract for the Petrojarl Knarr FPSO.

Seismic Programs Awarded Offshore Brazil

A 3D survey extends coverage in the Brazil Equatorial Margin, while a pair of 4D surveys are set for some of Petrobras’ Campos Basin fields.

Talos Energy Makes Commercial Discoveries in GoM

Talos reported finding 78 ft of pay in the Lime Rock primary target and 72 ft of pay in the Venice primary target.

Oceaneering Offers Path to ‘Freedom’

Oceaneering’s new Freedom AUV marks a change in the subsea landscape, a maneuverable autonomous vehicle that reacts to what it finds subsea.