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Aker BP's Mugnetind Offshore Well Falls Short of Expectations

Oct 29, 2021

Norwegian oil and gas company Aker BP has made a minor oil discovery at the Mugnetind exploration well in the North Sea, offshore Norway.According to Longboat Energy, Aker BP's partner in the offshore license PL906 where the well is located…

China's CNOOC Sees Q3 Revenue Soar, Reaffirms Green Investment

Oct 29, 2021

CNOOC Ltd's unaudited third-quarter revenue grew 64% to 59.7 billion yuan ($9.33 billion) on higher prices and output, the Chinese offshore oil and gas major said on Thursday.The state oil firm said it is mapping out an emissions-cutting roadmap…

Petrobras Posts Big Profit Right After Bolsonaro Says It Is Too Profitable

Oct 29, 2021

Brazil's Petrobras posted third-quarter results on Thursday that smashed profit and margin estimates, less than two hours after President Jair Bolsonaro said the state-run oil company was too profitable and would have to contribute more to society as a whole…

Egypt: TGS, Schlumberger in Red Sea Seismic Survey Project

Oct 29, 2021

Seismic data firm TGS and oilfield services giant Schlumberger have teamed up in a 3D seismic survey project in the Red Sea, Egypt.TGS said Friday the project would cover around 6,800 square kilometers and would be acquired with long offsets…

'Short Delay' for Serica Energy's North Sea Field Start-up

Oct 29, 2021

Serica Energy's Columbus field in the UK North Sea will see its first production start-up delayed due to restricted capacity at Shell's Shearwater platform.The Columbus field development plan, approved in 2018, envisions the reservoir will be…

Lundin Energy to Lift Dividend by 25% as 3Q Profit Nearly Triples

Oct 29, 2021

Swedish independent oil firm Lundin Energy will raise its dividend for 2021 by 25% after its third-quarter operating profit almost tripled from a year ago, the company said on Friday.Lundin's earnings before interest and tax (EBIT) for July-September rose to $1…

Eni Q3 Profit Jumps Back to pre-COVID Levels Boosted by Gas

Oct 29, 2021

Italian energy group Eni on Friday beat expectations with a third-quarter profit that jumped back to pre-COVID levels boosted by higher gas prices.The group swung to an adjusted net profit of 1.43 billion euros ($1.67 billion) from a 153 million euro loss a year earlier and beat a 1…

'Major' Oilfield Service Firm Books Solstad Offshore's CSV for South America Work

Oct 29, 2021

Norwegian offshore vessel operator Solstad Offshore has won a contract for its construction support vessel Normand Samson.The CSV Normand Samson was chartered by a major oil service firm for a minimum of 350 days, with the possibility to extend for an additional 150 days…

China's MingYang to Deliver 11MW Wind Turbine for European Floating Wind Project

Oct 29, 2021

Chinese offshore wind turbine maker MingYang has secured an order to supply its 11MW offshore wind turbine for a floating wind project in Europe.The company said Friday the order was related to an offshore floating wind power pilot project in…

OMV to Sell Stake in Arctic Offshore Oil Field Wisting to Lundin Energy

Oct 28, 2021

Austrian oil and gas company OMV has agreed to sell its 25% stake in the Wisting offshore oil field in the Barents Sea off Norway, to the Swedish oil firm Lundin Energy for $320 million. OMV, which discovered the oil field in 2013, said it was focusing increasingly on low-carbon projects…

Chariot Moves Step Forward to Anchois FID in 2022

Oct 28, 2021

Chariot, a company looking to develop the Anchois offshore gas discovery in Morocco, has found a buyer for the field's gas as well as a partner.The company said  Thursday it had signed a Memorandum of Understanding ('MOU') with an unnamed 'leading international energy group…

TGS, CGG, PGS Launch Shared Offshore Seismic Data Base 'Versal'

Oct 28, 2021

Offshore seismic data companies TGS, CGG, and PGS, a unified seismic data ecosystem giving access to 'three of the world’s largest multi-client libraries via a single log-in.' They've named the ecosystem Versal.'Versal is an independent, secure…

Lamprell Takes $45M Loan for IMI Jack-up Rig Construction

Oct 28, 2021

Offshore construction specialist Lamprell has secured a $45 million revolving trade loan facility to be used for the working capital requirements of the two IMI newbuild jackup rigs which are currently under construction at the Lamprell's Hamriyah yard…

UN Deep-sea Mining Rules Unlikely to be Completed by 2023 Deadline, Latam Countries Say

Oct 28, 2021

Regulations governing deep-sea mining will take longer to finalize due to the global pandemic, a group of Latin American countries said, creating uncertainty for companies looking to mine the sea bed for metals, including cobalt and nickel.The…

Subsea Processing: Emissions Abatement Opportunity Knocks?

Oct 28, 2021

A complete subsea factory may yet be a pipe dream. However, with its constituent parts now more or less ready, the industry has a much greater toolbox of technologies with which it can now apply to existing and new subsea developments. But is there willingness…

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