Industry News

 

Shearwater GeoServices Recycles Seismic Vessel

Jun 10, 2021

Marine seismic contractor Shearwater GeoServices has sold the seismic vessel Western Trident for recycling as part of the company’s fleet renewal strategy.The vessel has been delivered in Turkey for recycling. In late 2020, Shearwater also sold…

Norway Invites Bids for Mature Offshore Oil and Gas Blocks

Jun 09, 2021

The Norwegian Ministry of Petroleum and Energy on Wednesday invited oil companies to apply for acreage in the mature areas of the Norwegian continental shelf as part of the Awards in predefined areas 2021 (APA 2021) licensing round.APA 2021…

Oil Prices Soar on Signs of Strong Demand in Western Economies

Jun 09, 2021

Oil prices continued to rally on Wednesday on signs of strong fuel demand in western economies, while the prospect of Iranian supplies returning faded as the U.S. secretary of state said sanctions against Tehran were unlikely to be lifted.Brent crude futures were up 44 cents…

ExxonMobil Finds More Oil in Stabroek Block Offshore Guyana

Jun 09, 2021

U.S. oil major ExxonMobil said Wednesday it had made another oil discovery in the Stabroek block offshore Guyana, this time at the Longtail-3 well.'Drilling at Longtail-3 encountered 230 feet (70 meters) of net pay, including newly identified…

VIDEO: FutureOn Launches New Software for Digital Field Planning

Jun 09, 2021

FutureOn, a software company focused on the energy sector, has said it has designed a tool 'for the next-generation energy engineer that will impact project economics across the full lifecycle.'According to the company, the software called FieldTwin Design 6…

Gibb Group to Provide PPE for Vattenfall's 11 Wind Farms in UK

Jun 09, 2021

Energy firm Vattenfall has awarded Norfolk-based Gibb Safety & Survival, part of Gibb Group, a contract to provide protective clothing, safety, and survival equipment to keep workers safe across its eleven UK wind farms.Under the three-year contract…

Shell to Deepen Emission Cuts After Court Ruling, But Plans to Appeal the Decision

Jun 09, 2021

Royal Dutch Shell will seek ways to accelerate its energy transition strategy and deepen carbon emission cuts following a landmark Dutch court ruling last month, CEO Ben van Beurden said on Wednesday, a move that will likely lead to a dramatic shrinking of its oil and gas business…

Ørsted Joins Norwegian Offshore Wind Venture to Compete in Upcoming Bid Round

Jun 09, 2021

Ørsted, the world's largest offshore wind developer, has joined a consortium with Fred. Olsen Renewables and Hafslund Eco with the aim to compete in Norway's upcoming application round for offshore wind areas.'The Norwegian part of the North…

Yinson to Conduct pre-FEED for TotalEnergies' Suriname, Angola FPSOs

Jun 09, 2021

Malaysian FPSO specialist Yinson has been selected by TotalEnergies, to conduct preliminary Front-End Engineering Design (“pre-FEED”) for two FPSOs to be installed in Block 20/21 in Angola and Block 58 in Suriname. The Angola project FPSO is…

Woodside Faces Cost Increase at $11B Scarborough Gas Project

Jun 09, 2021

Woodside Petroleum is in the final stages of working out costs on its Scarborough gas and Pluto LNG expansion project, as it faces rising labor and steel costs, the company’s boss said on Tuesday.The Scarborough development offshore Western…

Offshore Wind Could Produce Affordable Hydrogen by 2035 , Siemens Gamesa says

Jun 09, 2021

Wind power could make it possible to produce hydrogen without emitting greenhouse gases as cheaply as is currently feasible with fossil fuel energy by 2030, turbine maker Siemens Gamesa said in a white paper released on Wednesday.Policymakers see green hydrogen…

New Zealand: Jadestone Energy to Wrap Maari Field Buy in 2H 2021

Jun 09, 2021

Oil and gas firm Jadestone Energy, which has, since 2019, been working to complete the acquisition of OMV's interest in the Maari field off New Zealand, now expects to wrap the deal 'in the second half of 2021.'Singapore-based Jadestone in November…

OneSubsea Taps Siemens Energy for Bacalhau Subsea Sensors, Connectors

Jun 08, 2021

Schlumberger's OneSubsea has ordered a turnkey package from Siemens Energy for the Bacalhau field development project in the Pre-salt region of the Santos Basin. The Bacalhau oilfield, operated by Equinor, is located approximately 115 miles (185 kilometers) off Sao Paulo…

Dutch Gov't Awards $2.56B for Rotterdam Carbon Capture Project

Jun 08, 2021

The Dutch government on Tuesday confirmed that it has awarded 2.1 billion euros ($2.56 billion), nearly half of its 2021 annual budget for sustainable projects, to a project aimed at capturing and storing carbon emissions from Rotterdam Port…

Chevron Books Floatel Rig for Anchor Field Services

Jun 08, 2021

U.S. oil major Chevron has hired Floatel International's offshore accommodation rig for services at its Anchor field development in the U.S. Gulf of Mexico.Floatel said Tuesday that it would deploy its Floatel Triumph rig for the job. It did not share the financial details…

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