Gulf of Mexico upstream news

The Taggart discovery is located on Mississippi Canyon Block 816 in approximately 5650 ft of water.

The three-year contract began on 1 May and will employ 144 Danos personnel in a variety of positions.

Rystad Energy has released its annual global energy outlook, which claims that the Covid-19 downturn will expedite peak oil demand.

Williams will provide offshore natural gas and oil gathering and production handling services for the Taggart development in the Mississippi Canyon area of the Gulf of Mexico.

The company will provide its continuous environmental compliance and drilling performance management services on both projects.

The scope of work includes providing subsea controls equipment consisting of jumpers, flying leads and an electrical/hydraulic distribution manifold.

The work scope includes the provision of umbilicals and distribution equipment to connect the King’s Quay floating production system to the Samurai, Khaleesi and Mormont deepwater developments.

The Logan A-frame is a heavy weather, work class ROV launching system, designed to move some of the largest, work class ROVs in the market.

The company is delaying final investment decisions (FIDs) on the Jackdaw natural gas field in the North Sea and the Whale deepwater oil discovery in the Gulf of Mexico.

New licensed offshore acreage is likely to fall by about 60% and onshore acreage by 30% compared with 2019 levels, according to Rystad Energy.