Crude Oil News

 

Petrobras on Track to Become World's Top Producer

7 hours ago

Brazil’s Petrobras is on track to become the world’s largest oil producer among publicly listed companies by 2030, based on Rystad Energy’s latest data and forecasts.Brazil’s biggest-ever oil auctions in November were generally deemed to be disappointing, receiving muted interest from international exploration and production companies.However, national oil company Petrobras could not have asked for a better outcome…

Straightpoint, Crosby Partner on FPSO Project

6 hours ago

PT. Dalaz Teknik Utama used a 12t capacity Radiolink plus Straightpoint (SP) load cell and a Crosby shackle of the same capacity to complete a series of tests during fabrication of a power generator module at a Wasco Energy fabrication yard in Indonesia…

Petrobras Sees Major Deepwater Shift in 2020

Nov 19, 2019

Brazil's state-owned oil firm Petroleo Brasileiro SA expects deep offshore areas to account for 88% of its exploration and production activities next year, up from 55% currently, an executive for the company said on Tuesday.The major shift to…

Angola Lifting All Boats

Nov 19, 2019

Suppliers of drilling and subsea services and equipment may already be feeling the partial lift offered by West African nation Angola clearing offshore investment bottlenecks.On Monday, Bergen-based subsea cable layer, Oceanteam, announced its vessel…

Woodside Sees Reserve Base Tripling

Nov 19, 2019

Australia's Woodside Petroleum on Tuesday laid out plans to triple its gas and oil reserve base as it pursues projects worth over $36 billion in Australia, Senegal and Myanmar.Success in those projects would result in its reserve base reaching 3…

Hurricane Testing Warwick West

Nov 19, 2019

Hurricane Energy has confirmed that drill stem testing on the Warwick West well is expected to begin Tuesday.The UK-based company said it will share initial results of the well, including flow rates and oil type, following completion of the testing phase…

Norway's Oil Industry Faces Thinner Margins

Nov 19, 2019

Norway's oil industry faces thinner margins as smaller new discoveries boost per-barrel development costs, Statistics Norway (SSB) said in a report on Tuesday.'In the long term, it appears that the downturn that began in 2013, when output and prices fell…

Bourbon Mobility Adds Onboard Entertainment

Nov 19, 2019

Offshore passenger transportation provider Bourbon Mobility has partnered with Moment to provide an entertainment offer on board its vessels.In an effort to enhance its transport service of staff to oil platforms in West Africa, Bourbon Mobility…

Norway Oil Output Beats Forecast, Gas Lags

Nov 19, 2019

Norway's oil production rose in October from the previous month, beating official forecast by 4.5%, while gas production continued to lag, the Norwegian Petroleum Directorate (NPD) said on Tuesday.Output from the giant Johan Sverdrup oilfield kicked in ahead of schedule last month…

Jadestone Buys Operating Stake in Maari

Nov 18, 2019

Independent oil and gas producer Jadestone Energy announced it has entered a deal with OMV to acquire its 69% operational stake in the shallow water Maari project offshore New Zealand for $50 million.The Maari Project is a mid-life producing asset located in permit PMP 38160…

Wintermar Charters PSV Duo in Indonesia

Nov 18, 2019

Wintermar announced on Monday it has secured contracts for two platform supply vessels (PSVs) to a major oil and gas company for a total of seven years including options.The PSVs will provide deck and cargo supply runs to support the drilling operations in Eastern Indonesia…

Karoon Hires Stena Drillship for Peru

Nov 17, 2019

Australia exploration company Karoon Energy has signed an agreement with the drilling contractor Stena Drilling and oil company Tullow Oil to contract the Stena Forth drillship for Karoon’s Marina-1 exploration well located offshore Peru.'The Stena Forth has been contracted to drill one well…

OSV Collides With Tug Near Port Arthur

Nov 15, 2019

An estimate of 3,000 gallons of diesel fuel has been spilled as the result of a collision between an offshore supply vessel (OSV) and a tug near Port Arthur Texas, the U.S. Coast Guard said on Friday.The Coast Guard said it is responding to…

Partners Target Subsea Gas Seperation

Nov 15, 2019

Aker Solutions said it is working with a group of leading oil and gas operators in a joint industry project that aims to make subsea gas separation a reality.Using CO2 injection to increase recovery rates in offshore oil and gas fields can improve the economics of a field significantly…

Digital Technologies Driving Reserves Numbers Up

Nov 15, 2019

Operators have traditionally grown their resources and reserves through acquisition, exploration and producing more from an already-discovered field. Now, digital technologies are helping operators increase reserves.Wood Mackenzie research director…

Current News

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Thunder Cranes Wins Chevron Contract

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BHP Inks Deal with Baker Hughes

BHP Inks Deal with Baker Hughes

Straightpoint, Crosby Partner on FPSO Project

Straightpoint, Crosby Partner on FPSO Project

Neptune Awarded Dutch Exploration Block

Neptune Awarded Dutch Exploration Block

Petrobras on Track to Become World's Top Producer

Petrobras on Track to Become World's Top Producer

Partners Bring AI to Energy

Partners Bring AI to Energy

Magazine

Offshore Engineer (Sep/Oct 2019)

This issue of Offshore Engineer is dedicated to Big Data and Digitalization

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