Projects worth $4.2 billion in capital expenditure (capex) are expected to get underwater offshore India this year and next, an event in Aberdeen this morning was told.The projects, across India’s Krishna Godavari (KG) Basin in the Bay of Bengal…
Decommissioning in Southeast Asia and Australia offers a US$100 billion opportunity out to 2040 with a million tonnes of steel to be removed and thousands of wells to be sealed, a business breakfast in Aberdeen was told this morning.Blair Miller…
The U.S. oil company ConocoPhillips has extended contracts for offshore helicopters services in Norway with offshore transportation giant Bristow.Under the extension, valid through August 31, 2024, and as part of two separate contracts, Bristow…
Aker BP said it plans to trial robots and drones for autonomous inspection, data capture and automatic report generation on its operated Skarv installation in the Norwegian Sea during 2020.The Norwegian focused exploration and production firm…
Brazilian oil company Petrobras has informed that an arbitration tribunal has ruled in its favor in a case related to the Sete Brasil rig orders.Petrobras said that the arbitration tribunal rejected a claim made by an investor in Sete Brasil Participações S…
Oslo-based energy market intelligence firm Rystad Energy has slashed its global oil demand forecast for 2020 by a quarter, citing the impact of the novel coronavirus.Rystad has pointed to the fact that the coronavirus epidemic in China has triggered…
Oil major BP has awarded subsea services specialist Oceaneering a contract for the provision of riserless light well intervention services in Angola.Oceaneering, which has described the contract award as meaningful, will provide the services at BP's offshore Angola Blocks 18 and 31…
As a new decade starts, offshore wind development continues to progress. Actually, it’s probably more accurate to write that the development of the development of offshore wind (OFW) continues to, uh, well, develop.Apologies for that mild sarcasm…
Oil firms Aker BP and Equinor are close to resolving their dispute over how to develop a cluster of oil and gas discoveries in the so-called NOAKA area of the North Sea, Aker BP said on Tuesday. The new engineering design initially comprises 506 million barrels of oil equivalents (boe)…
Brazilian offshore contractor Constellation has won an offshore drilling rig contract with Petrobras.Constellation said last week that Petrobras had hired its Atlantic Star semi-submersible drilling rig.In a LinkedIn post, the offshore drilling…
Norway's Equinor has said that the new gas module recently put on the Troll C platform in the North Sea will accelerate and boost production from the nearby Fram field 'by substantial profitable volumes.'The Fram oil deposits in the North Sea comprise the Fram Vest and Fram Øst fields…
Australia's Karoon Energy has said that it has encountered water-bearing sands and non-commercial gas shows at the shallower sections of its Marina-1 well offshore Peru.Prior to the start of drilling late in January, Karoon had said that the…
Brazil's Petrobras hit a new production record in the fourth quarter, of over 3 million barrels of oil equivalent per day (boepd), thanks largely to the ramp-up of platforms in the prolific pre-salt formation, the state-run oil firm said on Monday…
Norway's Aker BP and Polish PGNiG have entered into an agreement to swap some of their respective offshore license interests in Norway. The deal will see Aker exit the Gina Krog field in the North Sea, but get hold of the recent Shrek discovery located near its Skarv FPSO in the Norwegian Sea…
Oilfield services provider TechnipFMC said on Monday that it expects to take asset impairment charges of $2.4 billion in the fourth quarter as producers cut spending due to lower prices for oil and gas. TechnipFMC also said it expects 2019 revenue to be near $13…