Subsea ///
Denmark, the European Union’s biggest oil producer, will stop offering new licenses in the North Sea and phase out production altogether in 2050 as it takes an historic step toward a fossil-fuel free future.
The former Director General of the Pipeline Industries Guild, Dr. Burgess’ extensive international expertise from her years with UK Trade & Investment and the Society of British Gas Industries will bring benefit to the SUT’s international Branches and interests.
Petrofac has signed a three-year partnership with Intoware, a leading provider of workflow automation software for mobile applications, to develop and deploy workflow automation software that is specifically tailored to the requirements of the oil and gas industry.
CNOOC’s operations in the South China Sea have run into controversy because China claims drilling rights in waters far from its borders, and within 200 miles of countries like Vietnam and the Philippines.
Abu Dhabi National Oil Co. is a potential contender to buy a local offshore oil-services firm that counts the state-owned crude producer among its major clients, according to people familiar with the matter.
European leaders in October called on Ankara to abstain from unilateral hydrocarbon exploration in disputed waters, saying it’s in breach of international law. Turkey nonetheless resumed the surveys, making any negotiation with Greece on delimitation of sea borders even more problematic.
Covering two highly prospective areas of the UK Continental Shelf, the OBN Cornerstone 2020 survey project represented a total of 813,000 man-hours with zero Lost Time Incidents.
The mission to store CO2 beneath the Danish North Sea has cleared the first major hurdle after the intended subsea reservoir was confirmed feasible for CO2 injection by independent certification body DNV GL to the endorsement of Danish authorities.
OTC organizers said that new in-person and virtual activities will be planned to “ensure the conference continues to provide a platform for energy professionals to meet and exchange ideas.”
Hess Corporation failed to persuade a federal judge to award it $217.9 million to repay the cost of recovering and replacing four allegedly defective subsea valves made by Schlumberger Technology.
Forum Energy Technologies has secured an order to supply specialist subsea equipment for a major cable maintenance project in Southeast Asia.
The number of workers on offshore oil and gas installations decreased by around 4,000 as the UK went into lockdown in March this year, official figures published by industry body OGUK confirm.
Enpro’s patented technology enabled the safe access and removal of ‘attic’ oil from concrete storage cells at the base of the Brent Bravo platform in 140m water depth. The system, which on previous campaigns had been deployed direct from platform topsides, was this time deployed from a DeepOcean construction vessel, leading to a significant reduction in operating days per cell.
The Walker Ridge program covers approximately 300 OCS blocks including two priority areas of significant industry interest. Advanced proprietary imaging technologies will be applied to this program to unlock the full potential of existing seismic data and provide significant uplift in subsurface imaging.
Oceaneering International has been awarded a BOP tethering services contract offshore Brazil from Petrobras. The contract duration is one-year with the option to extend for an additional year.
Boris Johnson’s plan to quadruple the size of the UK offshore wind industry will require $58 billion of investment and careful management of what’s a tricky building process in some of the world’s roughest waters.
Baker Hughes worked with Wintershall DEA to cut the subsea wellhead from an abandoned exploration well in 360-metre water depth in only 35 minutes. By comparison, alternative abrasive cutting methods could take as long as five or six hours for the cut alone.
Greece, Italy, Egypt, Israel and two other countries will form a permanent organization to promote co-operation over natural gas in the Eastern Mediterranean. Turkey, which has raised tensions by exploring for the fuel in contested waters, is not as yet included.
Exxon Mobil’s UK North Sea assets have attracted suitors from state-owned companies to private equity-backed firms as the U.S. oil giant seeks to exit the aging region altogether, according to people with knowledge of the matter.
The Interior Department is proposing rules to strengthen the issuance criteria after companies have filed for Chapter 11 and escaped financial obligations to cap their non-producing wells, said Walter Cruickshank, acting director of the department’s Bureau of Ocean Energy Management.