Offshore ///

Cost control and regulatory flexibility could spur deepwater revival

The decline in investment post-2014 could be arrested if processes are standardized and regulators become more responsive to industry concerns.

Defining the oilfield service sector’s role in meeting CO₂ goals

As operators worldwide set ambitious net-zero-emissions goals, oilfield service companies have an opportunity to both play a key role in meeting these targets, and take a leadership position in shaping the path of the coming energy transition.

A tale of two oil giants, with two strategies that aren’t working

Everyone from environmentalists to investors is beating up on fossil fuels, and American energy giants Exxon Mobil and Chevron are taking increasingly diverging approaches as they try to weather the storm. The problem is, neither strategy is working right now.

Equinor taps Subsea Integration Alliance for Bacalhau FEED project offshore Brazil

Schlumberger announced an award to Subsea Integration Alliance of an exclusive contract by Equinor for the front-end engineering design (FEED) on its Bacalhau (formerly Carcará) project offshore Brazil.

Oceaneering and Aquaterra Energy ink decommissioning collaboration

Under the agreement, the companies will offer tooling and services in four distinct areas: platform well abandonment, subsea well abandonment, topside and jacket removals and subsea removals.

Performance management software reduces gas emissions in marine operations

French marine offshore and performance management company Opsealog announced its 2019 Environmental Impact results, having achieved a 10% reduction in gas emissions related to marine offshore operations in partnership with its E&P clients.

Senegal launches its first offshore license round

The first-ever licensing round comprises 12 blocks in the MSGBC basin, offshore Senegal. Companies will be able to submit bids over the coming six months, with final applications delivered to the Ministry of Petroleum and Energy at the latest by Friday, July 31st, 2020.

Fueltrax earns EU and IMO vessel tracking certification by Verifavia

Verifavia Shipping has certified FUELTRAX, against the European Union’s (EU) Monitoring Reporting and Verification (MRV) regulation requirements and IMO Data Collection System (DCS).

ExxonMobil’s latest discovery raises Guyana recoverables above 8 billion barrels

ExxonMobil has increased its estimated recoverable resource base in Guyana to more than 8 billion oil equivalent barrels and made a further oil discovery northeast of the producing Liza field at the Uaru exploration well, the 16th discovery on the Stabroek Block.

Offshore wind developments pushing purposeful innovations

Andries Hofman, GustoMSC

Developers of offshore wind installation jackups must ensure that they continue to incorporate innovations that will enable these vessels to handle the requirements of next-generation turbines.

Worley lands FEED contract for Total’s 20,000 psi North Platte field development

The North Platte Development forms part of Total’s reentry, as an operator, into Gulf of Mexico operations with oil production expected to average 75,000 bpd at plateau level.

TMC bags ALS compressor contract for seven LNG newbuilds

TMC Compressors of the Seas has been awarded a contract by Hyundai Heavy Industries to deliver its air lubrication system compressors to seven LNG carriers the Korean shipbuilder is constructing for Capital Gas Corp.

Norway’s recent oil investment boom probably also its last

Western Europe’s biggest oil and gas producer just witnessed its final investment boom, according to Norway’s largest bank.

Maersk Drilling wins contract extension for low-emissions rig offshore Norway

In direct continuation of the rig’s current workscope, Maersk Integrator will move to the Ivar Aasen field offshore Norway to drill two wells, with work expected to commence in October 2020.

Turkey to issue exploration licenses in contested waters, straining EU ties

Turkey will issue new exploration licenses in the eastern Mediterranean now that it’s set a maritime border with Libya, President Recep Tayyip Erdogan said Thursday, a step liable to exacerbate strains with Greece and the European Union.

National Academy of Sciences awards grants to advance safety culture in offshore oil and gas

The Gulf Research Program (GRP) of the National Academies of Sciences, Engineering, and Medicine today announced $7.25 million in grant awards for eight projects focused on strengthening safety culture in the offshore oil and gas industry.

Petrofac wins EPIC wind farm contract offshore Scotland

Petrofac has entered into a preferred supplier agreement with SSE Renewables to design, supply and install the HVAC onshore and offshore substations for the Seagreen wind farm project. The wind farm will be located 27 kilometers off the coast of Angus and once constructed will be the largest in Scotland.

TerraSond lands 7th NOAA hydrographic survey contract

The new contract was effective January 1, 2020, with a maximum value of $250 million over 5 years, subject to appropriation by Congress.

OPEC sees growing supply threat from rivals beyond U.S. shale

OPEC’s latest forecasts suggested a weaker outlook for global oil markets this year as surging supplies from competitors from Norway to Guyana threaten the group’s efforts to defend crude prices.

Trelleborg expands fluid handling capabilities with Signum Technology acquisition

The move is part of Trelleborg’s strategy to strengthen its position as a system provider in key oil and gas market segments, such as ship-to-ship and ship-to-shore LNG transfer.