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  1. Frigstad exits deepwater drilling rig venture

    Offshore staff LIMASSOL, Cyprus – Frigstad Offshore Group is selling its shares in its subsidiary Frigstad Deepwater Holding Ltd. to a subsidiary of China International Maritime Containers Group (CIMC). Frigstad Deepwater has two seventh-generation ultra-deepwater drilling rigs of the Frigstad D90 design under construction at the Yantai CIMC Raffles shipyard in Shandong, China. The Frigstad Shekou and Frigstad Kristiansand , currently scheduled for delivery in respectively 1Q and 3Q 2017, will be renamed Bluewhale I and Bluewhale II . They will be owned by CIMC Bluewhale Rig, with operational management by CIMC subsidiary Bluewhale Offshore. A Frigstad Offshore team will continue to supervise construction until both rigs are completed. Harald Frigstad, chairman and founder of the Frigstad Group, said: “The ultra-deepwater market has been extremely challenging for a while and we have agreed with CIMC that it is in the best interests of both parties that our group exit from the investment in Frigstad Deepwater Ltd. at this moment. “We are doing this on friendly terms and will remain a close partner of CIMC also in the future. Our exit from Frigstad Deepwater Ltd. gives us a good foundation to position the Frigstad Group for the industry recovery which we believe will come. “As part of this, we are… investing heavily in research and development, and will be launching the next generation of our ultra-deepwater semisubmersible rig design in 2017 to keep up with industry requirements for new technology and higher efficiency.” 12/07/2016

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    Wed, 7 Dec 2016

  2. Mexico’s upcoming deepwater oil auctions attracting great interest

    Seven groups and eight individual bidders have been qualified to participate in the Dec. 5 deepwater auctions offshore Mexico. 

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    Tue, 29 Nov 2016

  3. Mexico puts some deepwater oil exploration on hold amid crude's slide

    Mexico's state-run oil company says it will postpone some deep-water exploration projects in response to a steep fall in crude prices. 

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    Wed, 18 Feb 2015

  4. GustoMSC introduces deepwater drillship design

    GustoMSC has debuted Scylax, a new drillship design intended to make developments available in the mid- to deepwater markets at reduced building and operating costs by providing fit-for-purpose capabilities.

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    Tue, 29 Nov 2016

  1. Technip and COOEC address booming deepwater oil exploration market in China

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    Fri, 20 Dec 2013

  2. Mexico to postpone deepwater auction, revise bid terms

    Officials with the Mexican government have indicated that it will postpone auctions for deepwater oil exploration and production contracts, and adjust the terms of upcoming tenders, according to reports from Reuters and the Financial Times. 

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    Fri, 31 Jul 2015

  3. ExxonMobil makes deepwater oil discovery offshore Nigeria

    Exxon Mobil Corp. has reported the Owowo-3 well encountered about 460 ft (140 m) of oil-bearing sandstone reservoir offshore Nigeria.

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    Thu, 27 Oct 2016

  4. BOEMRE approves first deepwater exploration plan in the Gulf of Mexico since Macondo

    BOEMRE approved Shell's Exploration Plan for three deepwater exploratory wells offshore Louisiana on the Auger field.

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    Mon, 21 Mar 2011

  5. More deepwater oil and gas drilling rigs face stacking, contractor warns

    Prospects for ultra- deepwater drilling remain muted, Seadrill says, as oil companies continue to focus on cutting costs and driving efficiencies.

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    Tue, 24 Nov 2015

  6. Anadarko Petroleum makes leadership changes

    Darrell Hollek has been named executive vice president, operations and Ernest Leyendecker has been named executive vice president, international and deepwater exploration .

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    Tue, 23 Aug 2016

  7. Hollek, Leyendecker part of EVP reshuffle at Anadarko

    Anadarko Petroleum Corp., Houston, has appointed Darrell Hollek as executive vice-president, operations, and Ernie Leyendecker as executive vice-president, international and deepwater exploration .

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    Tue, 23 Aug 2016

  8. Anadarko has deepwater oil discovery at Phobos-1 in GoM

    The Anadarko Petroleum Corp. (NYSE: APC) Phobos-1 well in the deepwater Gulf of Mexico encountered approximately 250 net feet (76 m) of high-quality oil pay in Lower Tertiary-aged reservoirs.

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    Thu, 25 Apr 2013

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