Industry News

 

McDermott Scoops Shell’s EPCI Contract for Caribbean Gas Development

Aug 12, 2024

Offshore engineering and construction firm McDermott has secured an engineering, procurement, construction, installation (EPCI), hook up and commissioning contract from Shell for the Manatee gas field development, offshore Trinidad and Tobago…

XOCEAN to Deploy USV Fleet for Geophysical Survey at UK Offshore Wind Farm

Aug 12, 2024

A fleet of XOCEAN’s uncrewed surface vessels (USVs) will be deployed at Dogger Bank D offshore wind farm to carry out a multi-beam echosounder (MBES) geophysical survey, starting from August 13.Eleven XOCEAN USVs will be mobilized from Scarborough…

Talos to Drill Three High-Impact Wells in Gulf of Mexico with West Vela Drillship

Aug 12, 2024

U.S. oil and gas company Talos Energy has set out plans to drill three consecutive high-impact subsalt wells in the Gulf of Mexico, using Seadrill’s West Vela drillship.In an operations update, Talos Energy said it expects to take possession…

New Fortress Energy's Stock Goes Down Amid Q2 Net Loss Report

Aug 12, 2024

New Fortress Energy missed second-quarter earnings estimates on Friday after delays in starting up a floating LNG export facility off the coast of Altamira in Mexico.New Fortress stock was down 25% on Friday morning on Nasdaq.The company reported…

US Drilling Firms Grow Oil and Gas Rig Count

Aug 12, 2024

U.S. energy firms this week added oil and natural gas rigs for the third time in four weeks, energy services firm Baker Hughes said in its closely followed report on Friday.The oil and gas rig count, an early indicator of future output, rose by two to 588 in the week to August 9…

SeaTwirl, Serica Energy to Explore Electrification of Offshore Assets with Floating Wind

Aug 12, 2024

Floating wind turbine developer SeaTwirl has signed memorandum of understanding (MoU) with offshore oil and gas operator Serica Energy to collaborate on exploring the feasibility of electrification of offshore assets and oil and gas activities with SeaTwirl's floating wind turbine…

Crawlers to Inspect Blades After Vineyard Wind Failure

Aug 11, 2024

Vineyard Wind and GE Vernova on Friday released a plan outlining the steps to be followed after a turbine blade failure last month at the Vineyard Wind offshore project off the coast of Massachusetts, which left potentially dangerous debris on beaches on the island of Nantucket…

Petrobras Posts First Net Loss Since 2020

Aug 09, 2024

Brazilian state-run oil giant Petrobras on Thursday posted a net loss of 2.6 billion reais ($470 million) for the second quarter of 2024, the firm said as it announced lower-than-expected results and a reduction in investment estimates.Despite the results…

TotalEnergies Extends DeepSea Mira’s Stay in West Africa

Aug 09, 2024

Offshore drilling rig owner Northern Ocean has secured a contract extension with TotalEnergies for DeepSea Mira semi-submersible rig for continued work in West Africa.The firm term of the contract is extended from October 2024 for one well and provides one additional well option…

Chevron’s Gorgon Gas Development Backfill Fields Proposal Up for Public Input

Aug 09, 2024

Chevron’s Gorgon gas development backfill fields offshore project proposal, which includes the tie-up of seven backfill fields to the existing subsea infrastructure offshore Australia, has been made available for public comment.Chevron proposes…

Norway Greenlights Equinor’s Drilling Ops in North Sea

Aug 09, 2024

The Norwegian Offshore Directorate (NOD) has granted Equinor a permit to drill a wildcat well in the North Sea, using Odfjell Drilling’s Deepsea Atlantic rig.The drilling permit is for wellbore 35/11-30 S in production license 090, which is operated by Equinor with 45% working interest…

Mexico's New Government Plots Reform to Boost Oil Reserves Amid Soaring Debt

Aug 08, 2024

Mexico's incoming government will encourage state oil producer Pemex to seek equity partnerships with private oil companies, a model out of favor with the current president, in a bid to boost reserves amid towering debt, according to four sources familiar with the matter…

Havila Shipping Secures Work for Its PSV

Aug 08, 2024

Norwegian offshore support vessel owner Havila Shipping has entered into contract with Peterson Den Helder for its platform supply vessel (PSV) Havila Borg.The contract, whose value was not disclosed, is for a firm period of two wells estimated to 200 days…

AI Tools Lift ADNOC's SARB Field Production Capacity for 25%

Aug 08, 2024

Abu Dhabi National Oil Company (ADNOC) has started Artificial Intelligence (AI)-enabled digital operations at its offshore Satah Al Razboot (SARB) field, achieving 25% increase in production capacity with the help of advanced digital technologies…

Equinor's Platform Supply Vessel Set to Operate on Gasum’s bio-LNG

Aug 08, 2024

Gasum and Equinor have launched a series of liquefied biomethane (bio-LNG) bunkering operations in Norway's Port of Dusavik, with bio-LNG being bunkered to Equinor’s chartered platform supply vessel Island Crusader.The first bio-LNG delivery was successfully carried out mid-July…

Current News

SLB Gets CCS Job in North Sea for BP, Equinor and TotalEnergies JV

SLB Gets CCS Job in North Sea

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CEP Makes ‘Significant’ Oil Di

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Pandion Energy Divests Interes

Serica Energy Strengthens North Sea Portfolio with Latest Acquisition

Serica Energy Strengthens Nort

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