Offshore
News
May 19, 2024
Seatrium’s scope of work includes the fabrication of several topsides modules, riser, mooring and umbilical structures, followed by the installation and integration of these structures and all topside modules for the FPSO Jaguar.
News
May 19, 2024
Saipem’s scope of work entails the engineering, fabrication, transportation and installation of approximately 60 km of rigid pipelines and of the subsea facilities at a depth of around 1,100 m, and the transportation and installation of flexible flowlines, jumpers and 17 km of umbilicals.
News
May 19, 2024
Petroliam Nasional Bhd.’s discovery in the Roystonea and Fusaea blocks are approaching 400 MMbbl, WoodMac analysts said in a report Thursday. The finds could supply a floating production, storage and offloading vessel with about 100,000 bpd of oil-processing capacity, opening up the country to its first sanctioned development.
News
May 16, 2024
PETRONAS, Malaysia's state-owned oil and gas company, has secured a 20-year extension for the Ketapang Contract Area located in the Java Sea.
News
May 16, 2024
Under this arrangement, Equinor will boost its ownership in the Heidrun field and Noatun discovery, while scaling back its stakes in the Tyrihans and Castberg fields, along with the Carmen and Beta discoveries.
News
May 16, 2024
AquaTerra Group has announced four significant decommissioning contract wins totaling a seven-figure sum. These latest projects represent a notable increase in AquaTerra’s roster of decommissioning projects between 2023 and 2025.
News
May 15, 2024
Kent's responsibilities under this contract include the complete FEED design for the pipeline, tie-in spools, retrofit risers, and subsea power & fiber optics cable.
News
May 15, 2024
Further evaluation is being undertaken to determine the full extent of this offshore discovery and its potential for an integrated development with the recent Roystonea-1 and Sloanea-1 discoveries.
News
May 15, 2024
The offshore discovery was made in the Kizomba B development area in Block 15. Drilling took place between February and April 2024, in water depths of 1,200 m. The well encountered reservoirs of Miocene age, and reached a final depth of 3,013 m.
Article
April 2024
Late-life management of oil and gas assets is a careful balancing act where operators weigh many evolving factors, all while tracking cessation of production and potential options that follow. Mistakes can be costly and developing a tailored asset management strategy is crucial to avoid wasting resources and ensure that assets are maximized.
Article
April 2024
In late March, the Offshore Technology Conference (OTC) announced the winners of their 2024 Spotlight on New Technology Award. Per the organization’s announcement, “this esteemed honor is given exclusively to OTC exhibitors who are reshaping the offshore energy sector through their innovation and development of technologies.” Echoing the awards of 2023, 15 technologies were selected for their advancements in the offshore energy sector—five of these are from small companies, a slight decrease from 2023’s seven.
News
May 14, 2024
In the more than two years since Russia invaded Ukraine, sending energy prices soaring, Norwegian oil and gas giant Equinor has quietly picked up the crown that once belonged to Russia’s Gazprom PJSC. Norway now supplies 30% of the bloc’s gas; Gazprom provided about 35% of all Europe’s gas before the war.
News
May 14, 2024
This latest discovery adds further volumes to the area, bringing the total in-place resources to 11 trillion cubic feet (Tcf) since Harbour Energy's initial Timpan discovery in 2022.
News
May 14, 2024
From 2024 to 2028, Petrobras will start up 14 floating oil production platforms, which account for a third of the global FPSO orders in this period. There’s also a considerable demand for underwater systems to connect these units.
News
May 14, 2024
Venezuela’s armed forces have moved “substantial quantities” of personnel and equipment near the disputed, oil-rich Essequibo region that’s controlled by Guyana, a Washington-based think tank reports, potentially escalating tensions ahead of presidential elections.
Article
April 2024
Reducing reliance on hydrocarbons for power is critical to achieving near- and long-term sustainability targets. Siemens Energy is collaborating with major offshore operators to implement decarbonization strategies for electrification, automation and digitalization. This article highlights successful implementation of technologies at several projects and discusses other promising concepts under development.
News
May 13, 2024
The new standard merges different design methods (Working Stress Design and Load and Resistance Factor Design or partial safety factor) into a unified approach. Through this consolidated method, components are made to withstand different kinds of stresses, and extensive tests will ensure they meet safety standards under specific conditions.
News
May 13, 2024
TechnipFMC will design, manufacture, and install the subsea production system, flexible pipe, and umbilicals for the Xena Infill well (XNA03) to support ongoing production from the Pluto LNG Project. The award follows an integrated front end engineering design (iFEED™) study.
Article
April 2024
Unlocking the promise of America’s Great Lower Tertiary Play by adopting a safer, more profitable dry tree approach.
Article
April 2024
A new event detection and management service integrates proven MPD and wired drill pipe technologies for faster detection and resolution of downhole events and safer, more efficient deepwater drilling.
News
May 13, 2024
QatarEnergy will acquire a 40% working interest in each of the “Cairo” and “Masry” Offshore Concession Agreements, which were awarded to ExxonMobil in January 2023 and cover an area of approximately 11,400 km2 in water depths of 2,000 to 3,000 m.
