Offshore ///

U.S. seeks to boost oil royalties to account for climate change

The Biden administration on Friday issued a long-awaited blueprint for overhauling oil and gas development on federal lands that includes boosting royalty rates despite high gasoline prices that have spurred demands to accelerate domestic production.

Neptune Energy completes Seagull manifold installation

Neptune Energy and its joint venture partners, bp and JAPEX, have completed the safe and successful installation of the manifold and umbilical for the Seagull project in the UK Central North Sea.

Neptune owners seek offers for its $5 billion gas exploration unit

Neptune Energy Group Ltd.’s owners are weighing plans to sell the UK oil and gas explorer, according to people familiar with the matter.

Neptune Energy extends drilling contract with Odfjell Drilling

Neptune Energy has extended a contract for Odfjell Drilling’s Deepsea Yantai drilling rig, to include three additional wells in the Norwegian North Sea next year.

Exxon bids on 94 shallow-water plots in latest Gulf of Mexico leasing round

Exxon Mobil Corp. submitted bids for 94 drilling leases in shallow waters near the Texas coastline, an apparent step forward for a giant proposed carbon-capture project close to Houston’s industrial corridor.

Biden’s Gulf of Mexico oil lease sale draws high-dollar bids

Oil companies spent $191.7 million buying drilling rights in the Gulf of Mexico on Wednesday, during a robust government auction that underscored the industry’s appetite for new crude as the White House seeks to shift the U.S. away from fossil fuels.

SBM Offshore lands fourth Guyana FPSO contract

SBM Offshore has been awarded contracts to perform front end engineering and design for an FPSO for the Yellowtail development project. The FEED contract award triggers the initial release of funds by ExxonMobil’s subsidiary Esso Exploration and Production Guyana Limited to begin FEED activities and secure a Fast4Ward hull.

Embracing an Alliance mindset to sustainably unlock offshore production potential

Stian Ø. Jørgensen, Aker BP; Rob Stolpman, StimWell Services; Richard Lochee-Bayne, Schlumberger

Industry indicators point toward increasing demand for oil and gas, with the offshore market playing an integral role in the short- and long-term energy mix. However, as the offshore industry looks toward an upcycle, the landscape looks different from those of the past.

Novel combined chemical product increases production and reduces costs

Dr. Alfred Hase, Laura Crombie, ChampionX

During a recent North Sea project, production had been constrained on an operator’s normally unmanned installation to meet H2S specifications. A bespoke solution was developed, capable of protecting the NUI against hydrates while ensuring efficient scavenging of H2S.

Biden’s offshore oil lease auction will test drillers’ appetite for risk

The Biden administration is selling drilling rights across the Gulf of Mexico on Wednesday in an auction that will test the oil industry’s appetite amid White House efforts to shift away from fossil fuels.

Maersk Drilling, Noble to merge operations as Noble Corporation

Noble and Maersk Drilling share a strong conviction about the compelling industrial logic for taking this step to create a differentiated offshore drilling company with the scale, capabilities, and resources to successfully serve a broad range of customers.

Equinor awards Aker Solutions major FPSO FEED contract

Equinor has signed a contract with Aker Solutions for front-end engineering and design (FEED) of a floating production and storage vessel for the Wisting field. Valued at around NOK 350 million, the study includes an option for engineering, procurement, construction, and installation calculated at NOK 8-12 billion.

COP26: UK won’t join coalition to phase out fossil fuels

The UK won’t join an alliance of countries fixing a date to phase out fossil fuel production, in a move that calls into question the COP26 host nation’s climate leadership.

Helix Energy Solutions partners with Trendsetter Engineering for global integrated hydraulic intervention services agreement

The new partnership will integrate Trendsetter’s 15,0000psi Subsea Tree Injection Manifold and experienced personnel into Helix’s state-of-the-art fleet of well intervention vessels and equipment used to perform well services globally.

Shell resumes oil exports at Mars and Ursa in the Gulf of Mexico

Shell Offshore Inc. has safely and successfully re-started production at its Mars and Ursa platforms in the US Gulf of Mexico and began exporting oil and gas through the West Delta-143 (WD-143) “A” facility.

Neptune Energy partners with green group on offshore UK methane study

Neptune Energy announced the completion of a first-of-its-kind collaboration with Environmental Defense Fund (EDF) to measure methane emissions on a working UK offshore platform using advanced drone technologies.

Floating ideas on safety and risk management

Matt Tremblay, ABS

Fifty-five FPSO units in the global fleet are reaching the end of their design life in the next five years, and a further five have life extension in place. With 19 more FPSOs currently being evaluated for life extension, what are the possible safety issues from corrosion and other structural integrity concerns?

Shell may restart hurricane-hit Gulf platforms ahead of schedule

Royal Dutch Shell is hoping to restart its Ursa oil and gas platform in the U.S. Gulf of Mexico as early as the first half of November, according to a person familiar with the matter who asked not to be identified because the information isn’t public.

CGG, TGS and BGP ink deal with Staatsolie for multi-client programs offshore Suriname

The agreement allows the consortium to acquire, promote and license multi-client seismic programs, including new 3D acquisition and legacy data reprocessing, in the shallow water acreage offshore Suriname.

Guyana seeks a 135-mile subsea gas pipeline to extend its energy win streak

Guyana will likely become one of South America’s top oil producers over the next four years, but the world’s newest petrostate increasingly sees gas as the bedrock for growing its domestic economy.