Whisper it quietly: The Gulf of Mexico remains the long-term 'must have' asset in virtually every major operator's portfolio. Production is still rising with several
major deepwater projects recently on- stream and at least six more due to flow this year. Still, technological, operational and economic challenges lie ahead.
The industry is responding with new collaborative alliances, partnerships and joint ventures, for greenfield developments as well as for operational efficiency from existing facilities and brownfield production enhancement.
This November, the Offshore Executive Conference: Gulf of Mexico will unite 250+ offshore oil and gas executives in Houston for an in-depth look at how to succeed
in the current market and position your company for growth in the coming years. Don't miss this once-a-year chance for a day filled with in-depth industry coverage and exclusive networking opportunities.
Managing Director and Senior Oilfield Services Analyst, Credit Suisse
President and CEO Venari Resources
Ultra-Deepwater Technology Manager, DOE's National Energy Technology Laboratory
Chairman, President & CEO Noble Energy, Inc.
President and CEO Talos Energy LLC
James Pappas, P.E.
President, Research Partnership to Secure Energy for America, RPSEA
Senior Vice President, Technology ABS
Vice President of Asset Support, U.S. Offshore Statoil
Dr. Edgar Rangel German
Commissioner National Hydrocarbon Commission, Mexico
Report: ExxonMobil Exits Three Exploration Blocks In Kurdistan ExxonMobil Corp. (NYSE: XOM) pulled out of half of the six exploration blocks it operated in the Kurdistan region, the Iraq Oil Report reported.The oil company has walked away from its operations in the Qara Hanjeer, Arbat East, and Betwata blocks, the magazine reported, citing Kurdistan's Minister of Natural Resources Ashti Hawrami and ExxonMobil spokeswoman Lauren Kerr."Some companies didn't meet contractual deadlines and according to the contract had to relinquish their areas," the minister was quoted as saying.
Frigstad Offshore Exits Investment In Two Deepwater Newbuild Rigs Frigstad Offshore Group will exit from two seventh-generation ultra-deepwater newbuild rigs when subsidiary Frigstad Deepwater Holding Ltd. sells all its shares in Frigstad Deepwater Ltd. to a subsidiary of China International Maritime Containers Group (CIMC), effective Dec. 6.The Frigstad Shekou unit and the Frigstad Kristiansand unit are scheduled for delivery in first-quarter 2017 and third-quarter 2017, respectively. They are under construction at Yantai CIMC Raffles shipyard in Shandong, China.Frigstad Deepwater will become a wholly owned subsidiary of CIMC and be renamed CIMC Bluewhale Rig Ltd., according to a Dec. 6 press release.