Industry News


Woodside’s North West Shelf Project Gets Australian Gov’s Approval

Dec 12, 2024

The Western Australian Government has issued an environmental approval to Woodside and the North West Shelf joint venture for extension of the project.After six years of assessment and appeals, this is a critical step in the approvals process…

Saudi Aramco Engages Subsea7 for Pipeline Replacement at Abu Safah Field

Dec 12, 2024

Saudi state-owned oil giant Aramco has hired Subsea7 for the replacement of pipeline at its Abu Safa field, offshore Saudi Arabia, under contract worth up to $300 million.The contract scope includes the decommissioning of existing subsea facilities as well as engineering…

SLB OneSubsea to Deliver Production-Boosting Systems for Petrobras' Búzios Field

Dec 12, 2024

Global energy technology company SLB, through its OneSubsea joint venture, has secured a contract with Petrobras for the delivery of two subsea raw seawater injection (RWI) systems to increase production at the Búzios field, offshore Brazil…

Ørsted Awards Multi-Million Dollar Contracts for Hornsea 3 OW Farm

Dec 12, 2024

Ørsted has hired JDR Cable Systems, Severfield and Smulders to produce integral components and deliver services for the Hornsea 3 offshore wind farm, under contracts collectively worth up to $127 million.Severfield will work with its strategic key contractor Hutchinson Engineering in Widnes…

Mingyang’s Giant 16.6MW Floating Wind Platform Starts Operating in China (Photos)

Dec 12, 2024

China’s Mingyang Smart Energy has put into operation what’s said to be the world’s largest single capacity floating wind platform, rated at 16.6 MW, at Qingzhou IV offshore wind farm in South China Sea.The floater, dubbed OceanX, features dual-turbine 'V' shaped platform with a total capacity of 16…

ExxonMobil Aims for 18% Increase in Oil and Gas Output by 2030

Dec 12, 2024

Exxon Mobil said on Wednesday its annual project spending will rise to between $28 billion and $33 billion between 2026 and 2030, with a goal of lifting oil and gas output by 18%.The top U.S. oil producer laid out a five-year plan to expand…

SBM Considers Bidding for Petrobras’ Sergipe FPSO Units

Dec 12, 2024

Dutch firm SBM Offshore is considering bidding on a tender launched by Brazil's Petrobras to build up to two oil platforms for the state-run oil firm, SBM's president in Brazil, Jonas Lobo, told Reuters.The tender, to build up to two Floating Production Storage and Offloading (FPSO) vessels…

Sunda Energy, Timor-Leste Gov Plan Accelerated Chuditch Gas Development

Dec 12, 2024

Sunda Energy has signed a memorandum of understanding (MoU) with Timor-Leste government and state-owned companies, setting out the framework for joint evaluation of a development concept for gas resources on the Chuditch PSC, including pipeline…

Viridien, TGS Deliver High-Res Data for Sleipner Area in North Sea

Dec 12, 2024

Viridien, in collaboration with joint venture partner TGS, has delivered the final processed data from the multi-client Sleipner Ocean Bottom Node (OBN) project.The Sleipner OBN survey, the second of two dense multi-client OBN surveys acquired in the North Sea in 2023…

Beacon Offshore Hires Subsea7 for US Gulf of Mexico Deepwater Job

Dec 12, 2024

Texas-based exploration and production company Beacon Offshore Energy has awarded a contract to Subsea7 for the work on Monument development in the U.S. Gulf of Mexico.The project involves the installation of a high-pressure 27-kilometre subsea…

Seaway7 Secures More Work at Dogger Bank Offshore Wind Farm

Dec 12, 2024

Dogger Bank Offshore Wind Farm, a joint venture partnership between SSE Renewables, Equinor, and Vårgrønn, has signed a vessel reservation agreement with Seaway7 to support the construction of the offshore wind farm being built in the U.K. North Sea…

Galp Spuds Another Well Offshore Namibia

Dec 12, 2024

Galp and its partners have spudded another well in the Orange Basin, off Namibia, following the discovery of light oil and gas condensate in an appraisal well announced earlier in December.After the discovery at the Mopane-1A well, Galp and its PEL83 offshore block partners…

Serica Energy Boosts North Sea Assets with Parkmead E&P Acquisition

Dec 12, 2024

UK-based oil firm Serica Energy has signed an agreement with Parkmead Group to buy its exploration and production assets, expanding its North Sea oil and gas activities.As part of the agreement, Serica Energy will acquire all shares of Parkmead (E&P)…

Vår Energi Makes Oil Discovery in Barents Sea Near Goliat Field

Dec 12, 2024

Norwegian oil and gas company Vår Energi has made an oil discovery in the operated Countach appraisal well near the Goliat field in the Barents Sea, confirming the potential to unlock significant additional resources in the Goliat ridge area…

SLB Secures Integrated Services Deal for All of Petrobras’ Brazilan Fields

Dec 11, 2024

Following a competitive tender process, energy technology company SLB has secured a new contract with Petrobras for providing integrated services across all of its offshore fields in Brazil.SLB will oversee the construction of more than 100 deepwater wells…

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