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.
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).
News
September 19, 2023
Arena was the successful high bidder on seven leases in Lease Sale 259 held on held May 29, 2023. These leases—totaling 34,965 acres—range in water depth from 62 to 217 ft in the Gulf of Mexico, off the coasts of Texas and Louisiana in the Eugene Island, Main Pass, and Matagorda Island areas.
News
September 19, 2023
Preliminary evaluation of the discovery indicates gross recoverable resources in the range of 25-130 MMboe on a P90-P10 basis, with a mean of 70 MMboe, in a Jurassic reservoir zone with high quality sandstones.
News
September 18, 2023
World Oil visited with Balmoral’s Group Public Relations Manager Steve Gibb at Offshore Europe, just as he was wrapping up his career with the company.
News
September 18, 2023
Abo FPSO has now reached a commendable milestone, having completed two decades of service in the Abo field. This achievement underscores its enduring contribution to the oil and gas industry in Nigeria.
News
September 15, 2023
The Technical Services Agreement covers the development of Block 2/5, and will involve the development of engineering wells and end-to-end technological complimentary services.
News
September 15, 2023
Recoverable reserves in the field are estimated at 27.6 MMboe, most of which is natural gas. The Eirin field, which was discovered in 1978, will be developed as a subsea facility tied to the Gina Krog platform in the North Sea.
News
September 14, 2023
In this special interview, the firm’s Head of Energy Industries, Northern Europe, PA Division, Per-Erik Holsten, discusses two oil and gas projects that ABB has a major role in, as well as efforts in the transition/renewables space.
News
September 14, 2023
TGS well packages are interpretation-ready and include products such as standardized digital logs (LAS, LAS+, Mud LAS, Lith LAS), validated well headers, quality-controlled directional surveys and other available derivatives.
News
September 14, 2023
Transocean Ltd. announced a three-year award for the newbuild ultra-deepwater drillship Deepwater Aquila with a national oil company for work offshore Brazil.
News
September 13, 2023
The FPSO platform will undergo various legal and technical procedures before it is taken to the Mero field, in the Libra section of the pre-salt layer of the Santos basin.
News
September 13, 2023
At Offshore Europe last week, much was said about traditional oil-and-gas-related firms expanding or transitioning into equipment and services for renewable energies, including offshore wind, CCS and hydrogen.
News
September 13, 2023
The reserves, located in water depths between 100 and 1,000 meters, will be produced through a system of subsea wells connected to a FPSO located 150 km offshore Suriname, with an oil production capacity of 200,000 bpd.
News
September 13, 2023
Shenzi North is a two-well subsea tieback that takes advantage of the existing Shenzi infrastructure to increase the production capacity of the asset. The project, on which a final investment decision (FID) was taken in July 2021, achieved production ahead of targeted first oil in 2024.
News
September 12, 2023
OEUK Sustainability and Policy Director, Mike Tholen, said, “Every new project approved in UK waters will help us manage our reliance on imported energy as North Sea production declines and renewables ramp up - providing a strong basis for us to build a homegrown energy future in the UK, for the UK."
News
September 12, 2023
The acquisition will provide Ithaca Energy with full control over the progression of the future development of Cambo, the second largest undeveloped oil and gas discovery in the UK North Sea.
News
September 12, 2023
Recent deepwater discoveries have uncovered large volumes of natural gas that could eventually turn Colombia into an exporter of the fuel, and companies including Petroleo Brasileiro SA and Shell Plc have expressed interest in expanding their participation in these projects.
