Offshore
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.
News
October 04, 2024
Mermaid Subsea Services (UK) Ltd. has successfully completed the first stage of a major North Sea decommissioning contract for Shell U.K. Limited.
News
October 04, 2024
According to new analysis by Wood Mackenzie, the UK government must create a more predictable tax regime for the North Sea oil and gas sector to ensure long-term stability. After a history of ad hoc changes, the need for a clear tax framework has become urgent.
News
October 03, 2024
The Houston-based offshore drilling services provider is working with advisers to gauge interest from potential buyers, according to the people, who asked not to be identified discussing confidential information.
News
October 03, 2024
Malaysia is expanding oil and gas exploration in the disputed South China Sea despite pressure from Chinese vessels that have maintained a constant presence in waters where both sides have overlapping claims, according to a new report.
News
October 03, 2024
Nigeria hopes to attract as much as $10 billion of new investments in deep-water gas exploration through tax breaks and other measures proposed in a new policy framework for the industry, according to a government official.
News
October 03, 2024
Lockton, the world’s largest independent insurance broker, has launched a new Offshore Projects Practice.
News
October 02, 2024
OPEC+ made no changes to plans to start gradually reviving oil production towards the end of the year, despite signs of an impending surplus.
News
October 02, 2024
AGR has been awarded a long-term frame agreement by Equinor to provide subsurface and field development support related to project developments of Equinor’s facilities, offshore installations and onshore plants.
News
October 01, 2024
Output from the Organization of Petroleum Exporting Countries slumped by 480,000 bpd in September, according to a Bloomberg survey. Libyan production plunged by 38% after one of its rival governments halted exports in a fight for control of the central bank.
News
October 01, 2024
TotalEnergies has announced the final investment decision (FID) for the GranMorgu development on offshore Block 58 in Suriname.
News
October 01, 2024
OLT Offshore LNG Toscana announced that the extraordinary maintenance activities of the FSRU Toscana terminal have been successfully completed.
Webcast
Ensuring confidence in high-risk ESP deployments
October 16, 2024
Baker Hughes
In risky applications, like deepwater and subsea environments, or in high-investment wells in critical applications where intervention costs are high and lead times are long, reliability and uptime are non-negotiables. Join us as we discuss how to mitigate risk and maximize economics throughout the lifecycle of your most critical producing assets. We’ll also highlight the quality requirements and system testing that go into to the world’s only rigless, retrievable ESP system.
News
September 30, 2024
ADNOC Drilling Company announced today the creation of the Turnwell joint venture with SLB and PattersonUTI and the acceleration of its 144 unconventional oil and gas well program, following the successful and efficient delivery of the first wells in the campaign.
News
September 30, 2024
The scope includes engineering, procurement, construction, installation and commissioning (EPCIC) for topside modification. The purpose is to prepare the Troll A platform for receiving and processing gas from eight new wells at Troll West.
News
September 29, 2024
From operator reports, BSEE estimates that approximately 3.35% of the current oil production and 0.91% of the current natural gas production in the Gulf of Mexico is shut-in.
News
September 27, 2024
The main production facilities include a new fixed production platform and three centralized subsea wellheads, with 12 development wells planned to be commissioned. It is expected to reach peak production of 162 MMcfgd and 3,931 bpd in 2025.
News
September 27, 2024
The supermajor is working on developing the deepwater Owo project, Nigerian Vice President Kashim Shettima said after meeting Exxon Nigeria chairman Shane Harris. The company also proposed to spend $2.5 billion annually to boost oil output by 50,000 bpd over the next few years, Shettima said.
News
September 26, 2024
NES, specializing in sustainable energy design and smart control systems for vessels, will deliver a containerized energy storage system that includes a “Quest” battery charger, a 1 MW battery package, and a control system. The system is capable of operating in peak shaving, spinning reserve and harbor mode.
News
September 26, 2024
The discussions are over blocks in nations including Namibia, South Africa and Angola, Petroleo Brasileiro SA’s head of exploration and production, Sylvia dos Anjos, said in an interview. Petrobras is studying a total of 10 opportunities to partner with oil majors in Africa as the Latin American company tries to capitalize off its expertise in developing deep-water wells, Anjos said.
News
September 25, 2024
The Bureau of Safety and Environmental Enforcement estimates that approximately 29.18% of the current oil production and 16.85% of the current natural gas production in the Gulf of Mexico has been shut-in.
