Offshore
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.
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.
News
September 25, 2024
A UK-based operator has awarded ocean services provider DeepOcean a long-term frame agreement for provision of diverless subsea inspection, maintenance and repair (IMR) services on the UK Continental Shelf (UKCS). Two call-offs have now been executed for offshore work in 2024.
News
September 24, 2024
Installed by contractor McDermott on behalf of an international operator, it is the second time the firm’s TCP product has been deployed in Malaysia, after a TCP Flowline and static riser were installed at the shallow water West Lutong field for operator Petronas in 2017.
News
September 24, 2024
The license partnership, which includes operator Equinor, is studying a tieback of Heisenberg to nearby offshore infrastructure, potentially jointly coordinated with the development of other recent discoveries in this highly prolific area surrounding the Troll and Gjøa production hubs. DNO has a strong area position.
News
September 24, 2024
The Norwegian oil major has secured suppliers to build a floating production vessel, drill production wells and install sea-bed infrastructure. Valaris earlier this year won a $498 million contract to drill wells for the project, known as Raia. The project will cost an estimated $9 billion and could supply 15% of Brazilian gas demand when it comes online.
News
September 23, 2024
While the storm is expected to strike the northeastern part of the Gulf, it has had an impact on some energy operations. Shell Plc shut the Appomattox and Stones oil facilities and evacuated non-essential personnel from assets in the Mars corridor, according to a company statement. Chevron Corp. also removed some crews from offshore installations.
