Partners in the Barossa project have taken another step toward a final investment decision (FID) with the awarding of the contract for the floating production, storage and offloading (FPSO) facility to MODEC International Inc., project partner Santos announced on Tuesday…
Jim Stuart, SVP Digital at Lloyd’s Register, outlines current and future challenges for asset owners and operators in the energy and marine industries across Asia-Pacific (APAC) and how technology will change the way knowledge is captured, stored and used across organizations for the better…
Spirit Energy has raised production from one of its North Sea fields following a £68.5 million ($88.3 million) drilling campaign, the UK based independent announced on Tuesday.First gas from a new well at Spirit Energy’s Chiswick field in the…
It’s long been a vision to have underwater vehicles able to support subsea operations without reliance on a surface vessel. We’re closer to this vision than ever before, but what’s new that wasn’t in place before to make this happen?Earlier…
Hess Corporation has made an oil discovery at the Esox-1 exploration well located in Mississippi Canyon Block No. 726 in the deepwater Gulf of Mexico, the US-based independent announced on Tuesday.Esox-1 was drilled in 1,405 meters water depth…
MacGregor has received an order from the China National Offshore Oil Corporation (CNOOC) to supply the riser pull-in system for a deepwater floating production unit (FPU) located in the Lingshui 17-2 gas field, offshore China.MacGregor, part of Cargotec…
Slumping revenues pushed Mexico's Petroleos Mexicanos to a net loss of 87.4 bln pesos ($4.43 billion) in the third quarter, but the struggling state oil firm said on Monday it had cut back its hefty debt load, bucking the trend of recent years…
Norwegian-based DNV GL said it has been selected as Equinor's certifying authority and classification society for Bay du Nord project, offshore Atlantic Canada.Located approximately 480 kilometers northeast of St. John’s, Newfoundland and Labrador…
Energy logistics provider Peterson announced on Monday it has renewed a long-term contract worth over £20 million ($25.7 million) with independent exploration and production company Premier Oil.Peterson, having provided integrated logistics…
McDermott International said it has completed and delivered the Abkatun-A2 production platform for customer PEMEX Exploracion y Produccion in Mexico's Bay of Campeche in the Gulf of Mexico.'With substantial completion of the Abkatun-A2 Platform project successfully achieved…
From 2022 the Johan Sverdrup field will supply the Gina Krog, Ivar Aasen and Edvard Grieg fields with power from shore. The area’s licence partners have recently agreed on maximizing the utilization of power from shore to the area by enabling…
Oil supermajor BP has made a major gas discovery in the Orca-1 exploration well in the BirAllah area offshore Mauritania, partner Kosmos Energy announced on Monday.Located approximately 125 kilometers offshore Mauritania, Orca-1 was drilled in approximately 2…
Israel on Monday granted offshore exploration licenses to two groups of energy companies in its latest round of tenders for the eastern Mediterranean.Israel's Energy Ministry, which made the announcement, hopes new activity will help position…
West African focused oil and gas company LEKOIL announced on Friday it has signed a new $11.5 million debt facility with FBNQuest Merchant Bank.The facility has a maturity of four years and is repayable quarterly with a margin of London Interbank…
Conrad Petroleum said it encountered problems while conducting testing at its Tambak 2 appraisal well on the Mako gas field offshore Indonesia.Conrad, operator of Duyung PSC, said it had successfully drilled the Tambak-2 well on October 15. Later…