Industry News

 

CNOOC’s Deepwater Field Boasts Over 100 bcm Proven Gas Reserves

Aug 07, 2024

China's state-owned oil and gas firm China National Offshore Oil Corporation (CNOOC) has announced its deepwater Lingshui 36-1 gas field in the South China Sea boasts proven reserves of more than 100 billion cubic meters (bcm).CNOOC said the…

ConocoPhillips Hires Raptor Data for P&A Verification and Validation

Aug 07, 2024

Scottish company Raptor Data has secured a contract from ConocoPhillips to manufacture and deploy a fleet of tools for the verification of plug and abandonment (P&A) operations, based on its acoustic telemetry technology, Pathfinder.The global contract will start with initial deployment in Norway…

CCS Firms Secure CO2 Acreages Off Australia

Aug 07, 2024

deepC Store and Azuli International have been awarded Greenhouse Gas Assessment Permit (GHG Acreages) in the Bonaparte and Browse Basins off Australia, and have entered into a joint study agreement for a strategic partnership with Japanese company J-POWER…

BlueFloat Selects Site for Floating Wind Demo Project Offshore Taiwan

Aug 07, 2024

BlueFloat Energy has revealed the site location for its floating wind project, which will participate in the upcoming floating demonstration program, due to be launched by the Taiwanese government later in 2024.The ‘Winds of September Phase 1’ project…

Equinor Picks SHI as Preferred Supplier for Korean 750 MW Floating Wind Project

Aug 07, 2024

Samsung Heavy Industries (SHI) and Equinor have signed a preferred supplier agreement for floating structures for the 750 MW Bandibuli offshore wind project being developed in South Korea.The supplier agreement for the fabrication and marshalling…

Saipem Upgrades UPS’ Pipeline Tech for Offshore and Subsea Use

Aug 06, 2024

Italian offshore energy services firm Saipem has secured DNV’s Statement of Qualified Technology for pipeline technology developed by United Pipeline Systems, which was upgraded for offshore and subsea use.The technology was initially developed…

Aramco's Second-Quarter Profit Slips 3% on Lower Crude Output

Aug 06, 2024

Oil giant Saudi Aramco on Tuesday reported a 3.4% fall in second-quarter profit on lower crude volumes and softer refining margins.Aramco posted second-quarter net income of 109.01 billion riyals ($29.03 billion) in the three months to June 30…

Apollo Takes Charge of Large-Scale UK CCS and Shipping Hub Studies

Aug 06, 2024

Engineering and energy advisory consultancy Apollo has been selected to conduct three studies for the 7CO2 Carbon Capture and Shipping Hub in the U.K.The initiative aims to facilitate local and regional decarbonization across the Southwest of England…

ADNOC Signs LNG Supply Agreement with Osaka Gas for Ruwais LNG Project

Aug 06, 2024

Abu Dhabi National Oil Company (ADNOC) has signed a long-term heads of agreement with Osaka Gas for the delivery of up to 0.8 million metric tonnes per annum (mmtpa) of liquefied natural gas (LNG) from the Ruwais LNG project.The LNG will primarily…

Tokyo Gas Invests in Floating Wind Farm Offshore Portugal

Aug 06, 2024

Tokyo Gas has acquired 21.2% stake in the WindFloat Atlantic floating wind farm, operational offshore Portugal since 2020, joining Ocean Winds and Repsol as partner.The investment marks a new collaboration milestone between Tokyo Gas and Ocean Winds…

Aker BP Hires Oceaneering for IMR Support Services Off Norway

Aug 06, 2024

U.S.-based subsea services and technology firm Oceaneering International has secured an Inspection, Maintenance, and Repair (IMR) support services contract with Aker BP for work on the Norwegian Continental Shelf.The initial contract duration is for three years with two…

BP and Golar LNG Settle Cash Disputes for FLNG Gimi

Aug 06, 2024

BP and Golar LNG have reached a commercial reset agreement for the floating liquefied natural gas (FLNG) vessel Gimi, a core component of BP’s the Greater Tortue Ahmeyim (GTA) LNG project, offshore Mauritania and Senegal.The Gimi FLNG vessel art of the GTA Phase 1 development…

Eco Wave Power Puts Development of MW-Scale Wave Energy Project in Motion

Aug 05, 2024

Swedish-Israeli company Eco Wave Power has held an official kick-off for the development of 1 MW wave energy project in Portugal.Eco Wave Power’s engineering team and the company’s CEO Inna Braverman have held an official site-visit with APDL (Administração dos Portos do Douro…

Petrobras Confirms Gas Discovery Offshore Colombia

Aug 05, 2024

Petrobras has achieved the main objective of the Uchuva-2 well, confirming the extent of the gas discovery made in the Tayrona block, located offshore Colombia’s Caribbean coast.The achievement confirms the gas discovery made in 2022 with the drilling of the Uchuva-1 well…

Fugro Concludes Four-Year US Offshore Wind Survey

Aug 05, 2024

Fugro has completed four years of continuous survey operations in New Jersey and New York for US-based offshore wind developer Atlantic Shores Offshore Wind.Supporting the site assessment of five projects across three lease areas totaling 1…

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