Offshore
News
October 11, 2024
bp Plc expects its net debt to have risen in the third quarter due to lower refining margins and changes to the timing of asset sales.
News
October 11, 2024
Shelf Drilling, Ltd. has secured new contracts for two jack-up rigs in offshore Nigeria, paving the way for a fully executed three-year contract for the Achiever jack-up rig, and expanding their operations in West Africa.
News
October 11, 2024
Eni SpA has received significant interest for its next FLNG project in Mozambique, even as international lenders face growing pressure to reduce exposure to fossil fuels.
News
October 11, 2024
ExxonMobil Guyana plans to increase output from its Stabroek block offshore Guyana by 18,000 bpd once it has completed risk assessments and received approval from local authorities.
News
October 10, 2024
Iraq’s semi-autonomous region of Kurdistan has cut its oil production by half upon request from Baghdad, as the second-largest producer in OPEC tries to meet its output quota.
News
October 10, 2024
Thailand’s new government will restart negotiations with Cambodia to explore an offshore oil and gas field with at least $300 billion worth of reserves that the two countries have been squabbling over since the 1970s.
News
October 09, 2024
Subsea7 has secured a contract for a subsea tieback development in the U.S. Gulf of Mexico. The company will be responsible for transporting and installing the flowline, umbilical, and other subsea components required for the project.
News
October 09, 2024
Under the agreement, Petrofac will provide technical and engineering support for key onshore and offshore assets, including five offshore steel jacket facilities in the Alba Field and the Alba Gas Plant onshore.
News
October 09, 2024
Shearwater Geoservices Holding AS has been awarded a major offshore project by TotalEnergies to conduct a deepwater ocean-bottom node (OBN) survey in Angola.
News
October 08, 2024
The U.S. expects crude production to grow by just 320,000 bpd next year, much slower than previously estimated.
News
October 08, 2024
TechnipFMC has secured an integrated engineering, procurement, construction, and installation (iEPCI) contract from bp for its greenfield Kaskida development in the Gulf of Mexico.
News
October 07, 2024
McDermott has secured an engineering, procurement, construction, and installation (EPCI) contract from QatarEnergy LNG for the North Field South (NFS) offshore pipelines and cables project.
News
October 07, 2024
Libya’s oil production climbed above 1 MMbpd for the first time in two months, after the resolution of a political standoff in the OPEC nation that had curbed output and exports.
Article
September 2024
Continuing with the story from in prior columns, we’re looking at U.S. drilling activity to see how drilling performance has changed over the last few years and what it might say about how we can advance drilling even further.
Article
September 2024
International activity is maintaining leisurely growth, while the U.S. continues to lag. Global oil production was up slightly in 2023, with stronger gains in the Americas. Offshore activity is buoyed by continued success in areas like Guyana, Suriname and Namibia.
Article
September 2024
The General Bond Log Interpreter (GBLI) is capable of interfacing with all cement bond logging tools and performing automated interpretation at >90% accuracy.
Article
September 2024
Based on the numbers our forecast, along with some anecdotal evidence from talking to industry professionals, I think it’s fair to say that the upstream industry is maintaining the status quo for the remainder of 2024, with great enthusiasm building for 2025.
News
October 04, 2024
Russia’s own data show its crude production in September fell just below its monthly target under the OPEC+ deal, according to people familiar with figures from the country’s Energy Ministry.
News
October 04, 2024
Petrobras has confirmed a significant gas discovery in Colombia's Guajira offshore basin, estimating the potential reserves at around 6 Tcf.
News
October 04, 2024
Colombia’s Ecopetrol SA discovered an offshore natural gas deposit that could potentially produce up to 800 MMcfgd, according to Chief Executive Officer Ricardo Roa.
News
October 04, 2024
Brazil’s state-controlled oil company is nearing a deal with government regulators allowing it to move forward with plans to redevelop a massive deepwater field that could reinvigorate the nation’s stalled output.
