Woodside Energy bets $7.2bn on Mexico’s Trion oil field, targets first oil in 2028

Woodside Energy bets $7.2bn on Mexico’s Trion oil field, targets first oil in 2028

In a substantial investment decision, Australia’s Woodside Energy Group has committed to moving ahead with the $7.2 billion Trion oil project in Mexican waters. The capital-intensive deepwater project in the Gulf of Mexico, operated by Woodside with a majority stake of 60%, anticipates producing an estimated 479 million barrels of oil equivalent (MMboe) of best […]

Louisiana-based Oak Point Risk Advisors acquired by PCF Insurance Services

Louisiana-based Oak Point Risk Advisors acquired by PCF Insurance Services

American insurance brokerage firm PCF Insurance Services has acquired Oak Point Risk Advisors, a Louisiana-based risk management and insurance agency, for an undisclosed price. Oak Point Risk Advisors caters to the maritime, oil and gas, and construction industries located along and on the Gulf of Mexico with commercial insurance solutions. Ronny Sternfels — Oak Point […]

Seadrill wins $105m contracts for West Neptune and Sevan Louisiana rigs

Seadrill wins $105m contracts for West Neptune and Sevan Louisiana rigs

Seadrill Limited, an offshore drilling contractor, has won new contracts totaling $105 million for the West Neptune and the Sevan Louisiana drillships. The West Neptune drillship has won a contract extension for drilling four more wells with two one-well options from LLOG Exploration Offshore in the US Gulf of Mexico. The firm-term will begin, continuing […]

Worley to deliver brownfield modification services to Chevron in Gulf of Mexico

Worley to deliver brownfield modification services to Chevron in Gulf of Mexico

Worley has won an engineering and procurement services contract from Chevron to deliver brownfield modification services for a subsea tieback to one of the latter’s deepwater production facilities in the Gulf of Mexico. According to the Australian engineering services company, the project will set up a subsea tieback development scheme for the Ballymore field, which […]

Subsea 7 wins subsea pipeline contract in Gulf of Mexico

Subsea 7 wins subsea pipeline contract in Gulf of Mexico

Subsea 7 has won a contract for work in the Gulf of Mexico pertaining to the engineering, procurement, construction, and the installation of subsea pipelines, and transport and installation works related to an undisclosed project. The UK-based offshore contractor said that the contract will be recorded in backlog in Q2 2020. Without revealing the exact […]

LLOG’s Taggart development to be tied back to Devils Tower Spar platform

LLOG’s Taggart development to be tied back to Devils Tower Spar platform

US midstream company Williams said that its Devils Tower Spar platform will offer offshore natural gas and oil gathering and production handling services to LLOG Exploration Offshore’s Taggart development under a new tieback agreement signed by the parties. The Devils Tower Spar platform is located in the Mississippi Canyon area of the Gulf of Mexico, […]