TechnipFMC Eyes $30B in Subsea Orders by 2025
TechnipFMC is capitalizing on an industry shift in spending to offshore projects from land projects.
Shell Brings Deepwater Rydberg Subsea Tieback Onstream
The two-well Gulf of Mexico development will send 16,000 boe/d at peak rates to the Appomattox production semisubmersible.
After 4Q Struggles, Transocean’s Upcycle Prediction Looks to Pay Off
As Transocean executives predicted during third-quarter earnings, the company is in the middle of an upcycle, with day rates and revenues reaching new heights.
Shell Taps TechnipFMC for 20K System for Sparta
The deepwater greenfield project in the Gulf of Mexico targets reserves in the high-pressure Paleogene reservoir.
Valaris Updates Fleet Status
The backlog of these contracts and extensions is valued at $1.2 billion.
Transocean Releases Fleet Status Report
Transocean’s total backlog for its fleet is approximately $9 billion.
Woodside’s GoM Trion Project Wins Social Impact Assessment Approval
Woodside Energy’s Trion is expected to start production in the Mexican sector of the Gulf of Mexico in 2028, and Woodside said the impact assessment will help the operator engage with local communities during the construction phase.
E&P Highlights: Feb. 12, 2024
Here’s a roundup of the latest E&P headlines, including more hydrocarbons found offshore Namibia near the Venus discovery and a host of new contract awards.
Murphy Oil Names Eric Hambly as President, COO
Murphy Oil has promoted Eric M. Hambly to president and COO and E. Ted Botner to executive vice president. Both will continue to report to CEO Roger W. Jenkins.
Global Energy Watch: Corpus Christi Earns Designation as America's Top Energy Port
The Port of Corpus Christi began operations in 1926. Strategically located near major Texas oil and gas production, the port is now the U.S.’ largest energy export gateway, with the Permian Basin in particular a key beneficiary.