Crude Oil News

 

OneSubsea to Supply 20K SPS for Chevron's Anchor

2 hours ago

Oilfield services company Schlumberger announced Thursday that its subsea arm has received a contract from Chevron to provide an integrated subsea production and multiphase boosting system for the deepwater Anchor field in the US Gulf of Mexico.The engineering, procurement and construction (EPC) award will see OneSubsea supply vertical monobore production trees and multiphase flowmeters rated up to 20…

W&T Takes Over as Magnolia Operator

3 hours ago

W&T Offshore announced it has acquired a 75% working interest in and operatorship of the Magnolia field in the central region of the deepwater Gulf of Mexico from ConocoPhillips for $20 million. The oil-weighted producing property, located in Garden Banks blocks 783 and 784…

Comment: Equinor’s New E&P El Dorado

6 hours ago

It’s been quite a month for Equinor — new stakes in European wind; new Gulf of Mexico deepwater acreage; new frame contracts for major suppliers plus an endorsement from the International Energy Agency for its energy mix.Not bad — oh, and an…

Chevron Hits Go on Anchor

10 hours ago

US supermajor Chevron announced Thursday it will move ahead with the high-profile Anchor project in the U.S. Gulf of Mexico, targeting first oil production in 2024.The $5.7 billion deepwater project is the first ultra-high pressure development to reach a final investment decision (FID)…

Energy Transition and Sustainability Talks at 2020 WPC

Dec 11, 2019

The 23rd World Petroleum Congress will set the scene for a discussion about the energy transition, climate change and innovative technologies.Set for December 6-10, 2020, in Houston, considered the energy capitol of the world, the WPC typically draws 10…

SBM Offshore Inks FPSO Sepetiba Contracts

Dec 11, 2019

SBM Offshore announced on Wednesday that it has firmed up contracts with Brazil’s Petróleo Brasileiro S.A. (Petrobras) for the 22.5-years lease and operation of a floating production, storage and offloading unit (FPSO) to be deployed at the Mero field in the Santos Basin offshore Brazil…

Malaysian State Open to Buying Petronas Stake

Dec 11, 2019

Malaysia's Terengganu state said on Wednesday it was open to buying a stake in national energy giant Petronas, after Prime Minister Mahathir Mohamad said he was considering such a sale to raise funds for his heavily-indebted federal government…

Springfield Reports Big Find Offshore Ghana

Dec 11, 2019

Ghana's Springfield E&P said on Wednesday that it had discovered 1.5 billion barrels of oil and 0.7 trillion cubic feet of gas in its Afina-1 well in the West Cape Three Points (WCTP) Block 2, offshore GhanaThe undiscovered potential of the…

Wood Tallies Hywind Tampen Contract

Dec 11, 2019

Engineering firm Wood announced on Wednesday that it has been awarded a contract by Norwegian energy group Equinor to deliver modifications to a pair of offshore platforms in the Norwegian North Sea that will be connected to electric power from floating wind turbines…

Shelf Drilling Eyes Nigerian Prospects

Dec 11, 2019

Shallow water drilling services provider Shelf Drilling has announced a one-year extension on its 1982-built BMC 300-1C Trident XIV jack-up rig in continuation of its current assignment offshore Nigeria.The rig was contracted to ExxonMobil for…

Schlumberger CFO Ayat to be Replaced by Biguet

Dec 10, 2019

Schlumberger NV Chief Financial Officer Simon Ayat is stepping down after nearly 12 years in the role and will be replaced by second-in-command Stephane Biguet, the top oilfield services provider said on Tuesday.Reuters last year reported that Biguet…

Exxon to Export First Oil from Guyana in Early 2020

Dec 10, 2019

U.S. producers Exxon Mobil Corp and Hess Corp plan to export the first-ever shipments of crude oil from Guyana between January and February, a milestone for Latin America's newest oil producer, sources with knowledge of the plans said.A consortium…

Vår Energi Completes ExxonMobil Norway Acquisition

Dec 10, 2019

Having now completed the $4.5 billion acquisition of ExxonMobil’s upstream business in Norway, Vår Energi has doubled its production to become the second largest operator on the Norwegian continental shelf (NCS) – with more growth planned in the years ahead…

Archer Bags Equinor Brazil Gig

Dec 09, 2019

Archer, a global oil services company, announced that Equinor Brasil Oleo e Gas Ltd has confirmed a new four-year contract for the provision of platform drilling management services on the Peregrino field development on the Peregrino A and B platforms respectively…

Comment: In Romania, the Sun Also Rises

Dec 09, 2019

Depending on who you talk to, the Romanian offshore either has two projects worthy of mention and an aging supplier base, or it’s the most up-and-coming and accessible oil and gas province in all the world.The truth, as usual, is somewhere in the middle…

Current News

OneSubsea to Supply 20K SPS for Chevron's Anchor

OneSubsea to Supply 20K SPS for Chevron's Anchor

W&T Takes Over as Magnolia Operator

W&T Takes Over as Magnolia Operator

Transocean Wins Contract in Trinidad and Tobago

Transocean Wins Contract in Trinidad and Tobago

Polarcus Wins 4D Job in Brazil

Polarcus Wins 4D Job in Brazil

Comment: Equinor’s New E&P El Dorado

Comment: Equinor’s New E&P El Dorado

Petrofac Lines Up North Sea Engineering Work

Petrofac Lines Up North Sea Engineering Work

Geoscience Packages Reveal APAC Prospectivity

Geoscience Packages Reveal APAC Prospectivity

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Offshore Engineer (Sep/Oct 2019)

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

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