Offshore Regions News - page 7

Ex-Shell CEO's Pay Jumped 53% to $11.5M in 2022

Mar 09, 2023

Shell's former chief executive, Ben van Beurden, received a pay package of 9.7 million pounds ($11.5 million) last year, up 53% from 2021, the group said in its annual report on Thursday.The oil major delivered a record $40 billion profit in 2022…

'Strong Dayrate' for Dolphin Drilling's Rig in Nigeria

Mar 09, 2023

Offshore drilling firm Dolphin Drilling said Thursday it had secured a new contract for Blackford Dolphin with Peak Petroleum in Nigeria.The contract with Peak Petroleum will extend the rig's stay in Nigeria and is in direct continuation of…

Exxon-led Consortium Ready to Relinquish 20% of Guyana Offshore Oil Block, Hess CEO Says

Mar 09, 2023

Hess Corp indicated the consortium that controls Guyana's oil production, of which it is a member, is prepared to relinquish 20% of the Stabroek oil block, but not any areas where it now produces or intends to produce oil in the future. An Exxon Mobil-led consortium controls the 6…

NextEra CEO Says Offshore Wind a Bad Bet

Mar 09, 2023

Offshore wind is a bad bet due to the complications of installing and maintaining infrastructure at sea and the high cost of transmitting electricity back to shore, NextEra Chief Executive John Ketchum said on Wednesday.'It's very capital intensive…

Yinson Partners with AVEVA to Develop Fully Autonomous FPSOs

Mar 09, 2023

Malaysian FPSO provider Yinson has partnered up with industrial software firm AVEVA to enable Yinson to develop 'fully autonomous and sustainable' Floating Production Storage and Offloading (FPSO) solutions.'AVEVA’s software, in combination with [Yinson's] FPSO expertise and extensive data sets…

North Sea Regulator to Prioritize Licenses for Fast Gas Developments

Mar 08, 2023

The British regulator overseeing the latest North Sea oil and gas licensing round will prioritize companies aiming to bring natural gas to market within months, its head said on Wednesday.Britain launched last year its first oil and gas exploration…

US Needs Until Year-end to Complete Offshore Drilling Plan

Mar 08, 2023

The Biden administration needs until the end of this year to finalize a long-awaited five-year plan for offshore oil and gas development in federal waters, according to court documents filed this week.The U.S. has been without a congressionally…

CERAWeek: TotalEnergies CEO Talk Briefly Disrupted by Protestor

Mar 08, 2023

A discussion with France's TotalEnergies Chief Executive Patrick Pouyanne at an energy industry conference was briefly disrupted by a protestor on Wednesday. The protestor unfurled a banner and shouted, 'stop your greenwashing and lies'. She…

Chariot Makes Progress with Anchois Gas Project Offshore Morocco as FEED Complete

Mar 08, 2023

Africa-focused oil and gas company Chariot said Wednesday it had completed the Front-End Engineering and Design ('FEED') on the key components of its flagship Anchois gas development project ('Anchois'), offshore Morocco. The Anchois gas field is located within the Lixus Offshore license area…

Germany Raids Suspected Ship in Nord Stream Pipeline Blast Probe

Mar 08, 2023

Western allies on Wednesday warned against reaching premature conclusions on who was responsible for blowing up the Nord Stream pipelines, with Germany suggesting the attack could also have been a 'false flag' operation to blame Ukraine.A New York Times report…

Project Greensand: First CO2 Injected in Depleted Oil Field in Danish North Sea

Mar 08, 2023

Denmark's Crown Prince Frederik inaugurated on Wednesday what has been described as 'a world first' with the injection of carbon dioxide into a depleted oil field in the Danish North Sea as part of Project Greensand.The CO2 was captured at an INEOS Oxide site in Belgium…

Tullow Keeps 2023 Outlook for Lower Cash Flow, Shares Dip

Mar 08, 2023

Tullow Oil on Wednesday kept its forecasts for steady output and lower cash flow for this year, sending its shares lower, even as it reported higher free cash flows for 2022. The company plans to invest $400 million this year, mainly on its flagship fields in Ghana…

Kremlin Says Nord Stream Attack Reports are 'Coordinated', Demands Open Investigation

Mar 08, 2023

Western media reports on the blowing-up of the Nord Stream gas pipelines are a coordinated bid to divert attention, and Russia is perplexed that U.S. officials can assume anything about the attacks without an investigation, the Kremlin said on Wednesday…

Alaska's Qilak LNG Targets Asia with $5B Project to Compete with Russia

Mar 08, 2023

Qilak LNG plans to invest $5 billion in a proposed liquefied natural gas (LNG) facility in Alaska's North Slope to compete with Russia's Yamal project for Asian customers towards the end of this decade, its chief executive said. Major LNG importers such as Japan…

US Plans No Wider Easing of Sanctions on Venezuela, Official Says

Mar 08, 2023

The U.S. government is not planning a systematic easing of sanctions on Venezuela after an initial round allowed partners of state-run oil firm PDVSA to resume taking oil for past debts, a State Department official said.In November, Washington issued a six-month license allowing Chevron Corp…

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