Offshore
News
April 15, 2024
The Nong Yao-13 well was drilled to 5,399 ft measured depth and discovered just over 30 ft of new oil pay across several intervals. Additionally, two wells were drilled north of the Wassana oil field to identify sufficient oil volumes in this northern area of the block to justify a future development project.
News
April 15, 2024
The scope of the contract includes SLB’s full bore electric interval control valves and electric subsurface safety valves. The award is a catalyst toward full production system electrification for Petrobras, improving production availability via more reliable completions.
News
April 15, 2024
Seatrium and Shell have worked together on various projects over the years, including the recently announced Sparta floating production unit (FPU), which is conceived as a replicable project to leverage Seatrium’s topsides single lift integration methodology, following the fabrication of Vito and Whale FPU newbuilds in 2021 and 2023, respectively.
News
April 15, 2024
Saipem’s scope of work entails the detailed Engineering, Procurement, Construction, and Installation (EPCI) of a subsea production facility. The contract value is between $750 million and $1.5 billion.
News
April 14, 2024
In a session entitled, "Electrification of Subsea Developments and Brownfield Infrastructure," at the 2024 Marine, Construction & Engineering/Deepwater Development Conference in Amsterdam, panelists from SLB, Saipem and FASTsubsea addressed what is one of the more intensive efforts in upstream oil and gas—electrification of deepwater assets.
News
April 14, 2024
The project involves the subsea tie back of one production well at Sunspear to the Prince platform, 12 km to the north. Subsea7 will install the flowline and related subsea equipment at 500 m water depths.
News
April 14, 2024
The Whiptail project will cost $12.7 billion and produce about 250,000 bpd as soon as the end of 2027, Exxon said in a statement Friday. Guyana’s overall daily crude capacity will climb to 1.3 MMbbl just eight years after the advent of the country’s oil production.
News
April 11, 2024
BlueNord, on behalf of its partners in the Danish Underground Consortium, announced that gas processing and export from the Tyra Satellite Herald field on the Danish Continental Shelf has begun.
News
April 11, 2024
The opening session of the MCEDD 2024 conference (Marine, Construction & Engineering/Deepwater Development) and its exhibition in Amsterdam got off to a fast start on Tuesday, April 9. MCEDD 2024 is hosted by Gulf Energy Information and its business lines, World Oil and Petroleum Economist. The conference’s overall theme this year is Deepwater Synergy: Next-Generation Solutions for a Sustainable Future.
News
April 11, 2024
Both Macedon and Pyrenees will remain within the Australian operations portfolio and focus on maintaining safety and production performance. Both assets help ensure energy security and reliability of natural gas supplies in Western Australia.
News
April 11, 2024
Petrobras expects to require 280 new wells through 2028, and refurbish or plug another 700 wells, it said in an emailed response to questions. The company said the market for day rates is dynamic and that it will review pricing when hiring new rigs.
News
April 10, 2024
At the end of Q1 2024, Electromagnetic Geoservices had one vessel on charter, the Atlantic Guardian. The Atlantic Guardian was taken out of warm stack on Feb. 29, 2024, and began mobilization for a fully prefunded multi-client survey in the North Sea.
News
April 10, 2024
Energean plc has completed the farm-in to Chariot Limited's acreage offshore Morocco and signed a rig contract with Stena Drilling Limited. Energean has paid $10 million cash consideration upon farm-in closing.
News
April 10, 2024
Petrobras has discovered an accumulation of oil in ultra-deep waters of the Potiguar Basin, in the Anhangá exploration well on concession POT-M-762_R15.
News
April 10, 2024
A subsidiary of Shelf Drilling (North Sea), Ltd. has secured a contract extension for the Shelf Drilling Barsk jack-up rig with Equinor for operations at the Gudrun field in the Norwegian Continental Shelf.
News
April 10, 2024
Occidental expects first-quarter production from the Gulf of Mexico to be 90,000 boed, about 20% below the mid-point of its guidance.
News
April 09, 2024
The United States Maritime Administration issued a license for the Sea Port Oil Terminal, which will allow Enterprise to move forward with construction of the terminal. The SPOT terminal will be only the fourth in the U.S. to load supertankers, the ships that make long-haul voyages to clients in Asia more economical.
News
April 09, 2024
Located offshore Myanmar, the Yadana natural gas field has produced roughly 6 Bcmg per year. 70% of the recovered resources are exported to Thailand.
News
April 09, 2024
Borr Drilling Limited announced new contract commitments for three of its premium jack-up rigs, the Prospector 1, the Gunnlod, and a rig to be determined. The commitments total 820 days and $158.6 million in contract revenue.
News
April 08, 2024
The field is expected to come on stream during the first half of 2027 and is anticipated to operate until 2031 with potential for extension. Plateau oil production is estimated at around 26,000 boed and is expected within the first year of production.
News
April 08, 2024
While PGS didn’t reveal the exact location of the contract, recent finds in Namibia and Uruguay suggest the work will take place in these emerging exploration hot spots.
