Offshore Engineer Oil News

 

Shell, Exxon Eye Somalia's Offshore

Jun 28, 2019

Royal Dutch Shell and Exxon Mobil are looking to return to Somalia ahead of an oil block bid round later this year, the East African country's oil ministry said.Shell and Exxon Mobil had a joint venture on five offshore blocks in Somalia prior…

W&T Buys Exxon's Eastern GoM Assets

Jun 27, 2019

W&T Offshore announced on Thursday that it has entered into a purchase and sale agreement with ExxonMobil to acquire their interests in and operatorship of oil and gas producing properties in the eastern region of the Gulf of Mexico, offshore Alabama…

Zama Resource Estimate Upgraded

Jun 27, 2019

Talos Energy and its partners have increased the resource estimate of the Zama field in the offshore portion of Mexico's Sureste Basin, following evaluation of the data acquired from the Talos-operated Block 7 Zama appraisal campaign.'Based on the preliminary results of our appraisal program…

LLOG Begins Production at Buckskin

Jun 26, 2019

US-based LLOG Exploration announced on Tuesday that it has started production from the large-scale deepwater Buckskin project in the US Gulf of Mexico. Buckskin, which is located on Keathley Canyon blocks 785, 828, 829, 830, 871 and 872 in approximately 2…

BHGE to Bring AI to Oilfield

Jun 26, 2019

Oilfield service company Baker Hughes, a GE Company (BHGE) has entered into a joint venture with the California-based Artificial Intelligence (AI) software provider C3.ai to accelerate the digital transformation in the oil and gas industry.'AI…

Brent Bravo Arrives at Able Seaton Port

Jun 25, 2019

The giant 25,000-metric-ton Brent Bravo oil platform topsides arrived at Able Seaton Port in preparation for its dismantling and recycling, said Peter Stephenson, founder and Executive Chairman of Able UK.The Brent Bravo, which stands 410 feet tall and 230 feet wide…

Wood Tallies Grane FEED Contract

Jun 24, 2019

Uk headquartered engineering firm Wood said on Monday it has secured a contract from Norwegian energy firm Equinor to deliver front-end engineering design (FEED) services for brownfield modifications to the Grane offshore facility in Norwegian sector of the North Sea…

ExxonMobil Eyes Norwegian Exit

Jun 24, 2019

ExxonMobil is considering selling all of the stakes it holds in oil and gas fields off the Norwegian coast, a spokeswoman said.Two years ago the U.S. major – the world's largest oil company – sold its operated assets in the area. But it has retained stakes in more than 20 other fields…

TechnipFMC Wins ConocoPhillips Award

Jun 24, 2019

American multinational energy corporation ConocoPhillips has rewarded services firm TechnipFMC with a Global Supplier Recognition Award.According to a press release from the UK-based oil and gas services provider, the international awards go…

Oilfield Services Pricing Rises

Jun 24, 2019

Oilfield services companies are in bullish mode. They are now able to raise prices for their products and services, after several years of gloom.“Oil and gas investments are on the rise, and so too is the pricing power of service companies. After losing pricing power in 2015 and 2016…

Brent Oil Climbed 5% This Week

Jun 21, 2019

Brent oil rallied above $65 per barrel on Friday and was on track for a 5% gain this week on fears of a U.S. military attack on Iran that would disrupt flows from the Middle East, which provides more than a fifth of the world's oil output.Brent crude was up $0…

Lundin Strikes Oil At Jorvik, Tellus East

Jun 21, 2019

Lundin Petroleum announced that its wholly owned subsidiary Lundin Norway has made two oil and gas discoveries near the Edvard Grieg Field on the Utsira High in the North Sea offshore Norway.The European oil and gas exploration and production…

OGA Publishes UKCS Decommissioning Report

Jun 20, 2019

British industry regulator, Oil & Gas Authority (OGA) will soon publish an industry report detailing the cost of decommissioning on the UK Continental Shelf and the progress being made by industry, government and regulators to reduce costs by more than 30 per cent…

OPEC Output to Remain Flat: Rystad

Jun 19, 2019

OPEC and its allies, including Russia, can maintain their current cuts and not reduce outputs any more because there will be a crude oil demand surge later this year from changing shipping fuel standards worldwide.The OPEC+ countries will not…

Indonesians Seek $140 Mln Over Montara Spill

Jun 18, 2019

Indonesian seaweed farmers were set to seek more than A$200 million ($137 million) from Thailand's PTT Exploration and Production in a trial starting on Monday, to cover damage they say they suffered after Australia's worst oil spill.The class action represents more than 15…

Current News

There’s Something Happening off Newfoundland

There’s Something Happening off Newfoundland

New Jersey to Create WIND Institute

New Jersey to Create WIND Institute

Empyrean Energy to Spud Well in Indonesia

Empyrean Energy to Spud Well in Indonesia

Ed LeBlanc Joins Ørsted

Ed LeBlanc Joins Ørsted

Rotterdam Port Rides High on Offshore Waves

Rotterdam Port Rides High on Offshore Waves

Power Outage Shuts Hibernia Production

Power Outage Shuts Hibernia Production

Saudi Aramco Asks Banks to Pitch for IPO Roles

Saudi Aramco Asks Banks to Pitch for IPO Roles

Subscribe for OE Digital E‑News

OE Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week