Although the deepwater portion of the offshore oil and gas industry may be traversing a few rough spots at present, the general outlook for this sector over the next few years remains solidly positive. That’s the theme of comments made by Scott Livingston (Fig. 1), NOV’s President of Energy Products and Services, during an Executive Dialogue session during Day 2 at the Offshore Technology Conference in Houston.
The investment, expected within the next two years, will focus on reviving production in the Usan field and is in addition to funding earmarked for planned developments in Owowo and Erha, the Nigerian Upstream Petroleum Regulatory Commission said in a statement Tuesday, citing a visit by Shane Harris, Exxon’s managing director in Nigeria.
Energy Chamber of Trinidad & Tobago release
The Energy Chamber of Trinidad & Tobago warmly welcomes the signing of three deepwater production sharing contracts between the Government of Trinidad & Tobago and a consortium comprised of bp and Shell.
QatarEnergy announced today a light oil discovery in the Jonker-1X deep-water exploration well, which marks the company’s third recent discovery offshore Namibia.