News
September 27, 2023
The fundamental reason for this decline is the lack of investment in new fields caused by the UK government’s new windfall taxes, which are now so high there is no cash left for new oil and natural gas production.
News
September 27, 2023
The 6,400 km2 reimaged seismic data set near the recent world-class Baleine field will give interested industry operators unique insight into this high-potential new play.
News
September 27, 2023
The Rosebank oil field is located around 130 km north-west of Shetland in approximately 1,100 m of water depth. Total recoverable resources are estimated at around 300 MMboe, with Phase 1 targeting estimated 245 MMboe.
News
September 26, 2023
The Excellence in Decommissioning Awards recognize companies that have performed to an exceptional level within the offshore decommissioning industry.
News
September 26, 2023
Rio de Janeiro-based Petrobras recently met with Chinese financial institutions to get loans for itself, as well as for its equipment and services suppliers, Chief Financial Officer Sergio Caetano Leite said in an interview.
News
September 26, 2023
The three-judge panel ordered the auction take place no later than Nov. 8 but otherwise left in place a lower court order forcing the Interior Department to sell more territory for potential oil development.
News
September 25, 2023
Ted Howell served as President and CEO of then Noia (now Energy NL) from 2006 to 2007. Ted remained connected to the offshore oil and gas industry throughout his career, which included working within the energy and financial sectors.
Article
September 2023
The extension of the operational lives of deepwater SCRs offers significant benefits in terms of increased production, cost-effectiveness and alignment with ESG principles.
News
September 25, 2023
Chappal Energies Mauritius Ltd. has emerged as the favored buyer of Equinor’s interest in the Agbami field, which is operated by Chevron Corp. and produces about 100,000 boed, the people said.
News
September 25, 2023
The agreement with the Alliance, which comprises Subsea7 and OneSubsea, an SLB company, will combine the three companies’ skills, knowledge and experience across a global portfolio of projects
News
September 25, 2023
The plan marks a departure from the UK North Sea. The retreat comes as production from the aging basin dwindles and operators there see profits eroded by the government’s 2022 windfall tax.
News
September 22, 2023
“We are pleased that the court has hit the brakes on the Biden Administration’s ill-conceived effort to restrict American development of reliable, lower-carbon energy in the Gulf of Mexico," said API's Senior Vice President and General Counsel Ryan Meyers.
News
September 22, 2023
The Interior Department’s Bureau of Ocean Energy Management “failed to justify its pivot,” U.S. District Judge James Cain wrote in a 30-page ruling late Thursday.
News
September 22, 2023
The GLA is made up of the Laggan, Tormore, Edradour and Glenlivet gas fields, as well as the undeveloped Glendronach site. Production is forecast at less than 25,000 boed this year, according to a presentation by Kistos from 2022.
Article
September 2023
An open collaboration and digitalization initiative is working to optimize FPSO production throughput and ensure equipment uptime, while reducing carbon footprint at scale.
News
September 21, 2023
The assets include 30,646 gross acres and are currently producing approximately 2,400 boed, of which 42% is oil. Estimated proved reserves for the eight properties totaled 3.2 MMboe (49% oil), of which 100% are proved developed.
News
September 21, 2023
The concession is located approximately 200 km from Rio de Janeiro, in water depths up to 2900 m. It contains natural gas and oil/condensate recoverable volumes of above 1 Bboe. Lead Image: Copyright, Equinor
News
September 20, 2023
The CO2 capture solution will apply MHI’s proprietary “Advanced KM CDR ProcessTM” technology, jointly developed with The Kansai Electric Power Co., Inc. The technology enables significant greenhouse gas emissions reductions from FPSOs by capturing CO2 from onboard gas turbines.
News
September 20, 2023
Akselos' digital twin RB-FEA technology is 1000x faster than legacy simulation solutions and allows for limitless scale and accuracy. This will enable the Enauta team to fully integrate the engineering real-time simulation into a real operational life environment.
News
September 20, 2023
While much of the focus remains on consumer measures, the leading representative body for the sector, Offshore Energies UK (OEUK), said an enduring consensus is needed across parties if it is to unlock $213.22 billion of company investment in oil, gas, wind, hydrogen and carbon capture over the next decade.
News
September 20, 2023
Johan Castberg is a subsea field with 30 wells distributed on 10 templates and two satellites tied back to a floating production, storage and offloading vessel (FPSO).
