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Exploration activity bounced back in 2018 but declining performance points to the limitations of the global exploration drilling opportunity set and the urgent need for its renewal in 2019 and beyond.

BP has sanctioned development of the Thunder Horse South Expansion Phase 2 project in the deepwater Gulf of Mexico. The project will further boost output at one of the largest oil fields in the Gulf of Mexico and marks BP’s latest major investment in the U.S. offshore region.

Aqueos Corporation, a provider of manned diving and other subsea services in the Gulf of Mexico, West Coast and select International Regions and Otto Candies, LLC a provider of Diving Support Vessels, ROV-IMR equipped vessels, and DP offshore supply vessels on a world-wide basis, have entered into a multi-year agreement for the charter of the DSV Kelly Ann Candies, a USA built multi-role DP-2 Diving Support Vessel.

Anadarko Petroleum Corporation (NYSE: APC) has announced that its board of directors, in consultation with its financial and legal advisors, has unanimously determined that the revised acquisition proposal it received from Occidental Petroleum Corporation on May 5, 2019 (the "Revised Occidental Proposal") constitutes a "Superior Proposal" as defined in Anadarko's previously announced merger agreement with Chevron Corporation (the "Chevron Merger Agreement").

Ashtead Technology has completed its (USD) $2 million investment in a new Houston facility as part of their ongoing international growth plans. The new building is three times the size of the previous address allowing the global subsea equipment solutions firm to increase their service lines and capabilities from their Gulf of Mexico headquarters.

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