Oil production in the US Gulf of Mexico (GoM) is poised to set new records in the imminent future, said Rystad Energy.Royal Dutch Shell started producing oil and gas this month at its Appomattox platform in the deepwater GoM several months ahead of its expected startup in 3Q 2019…
HYTORC President Eric Junkers demonstrates the benefits of the company's award-winning LITHIUM SERIES II Electric Torque Tool, featuring an all-new method of direct torque measurement and closed loop control to provide more repeatable bolting performance.
Alessandro Puliti has been appointed Eni’s new Chief Upstream Officer, effective September 1, 2019.Puliti will replace Antonio Vella, who will leave the company at the end of the year after a career spanning over more than 30 years.Puliti joined Eni’s Reservoir department in 1990…
The GEBCO NF- Alumni Team was announced as the $4 million grand prize winner of the Shell Ocean Discovery XPRIZE, a three-year global competition that challenged teams to advance deep sea technologies for autonomous and unmanned, fast and high-resolution ocean exploration…
Russian oil company Lukoil is set to take a 50% stake under an agreement to develop a block on the Caspian sea, Interfax news agency quoted Kazakh state energy company Kazmunaigaz as saying on Friday.(Reporting by Anrdey Kuzmin Writing by Katya Golubkova; Editing by Susan Fenton)
Brazilian antitrust regulator Cade has approved the purchase by independent oil firm PetroReconcavo of 34 oilfields owned by Petroleo Brasileiro SA , the government's official bulletin showed on Friday.Cade said the sale did not reduce competition…
American independent Hess has chartered the Maersk Resilient jackup rig to drill the Jill exploration well in License 6/16 in the Danish North Sea, Maersk Drilling announced on Friday.The work is expected to commence in September this year, with an estimated duration of 35 days…
The promise of jumbo project financings arising from Taiwan’s ambitious push to develop offshore wind farms is beginning to hold true as a flurry of loans compete for liquidity among the island’s lenders.Financings totaling at least NT$155bn (US$4…
Boskalis Subsea Services said it has secured several contracts in the North Sea over the last six months that are worth more than £100 million ($126 million) combined. These include the Total Tyra redevelopment project, an inspection, repair and maintenance (IRM) campaign for Repsol Sinopec…
North Sea operators and contractors are investing across people, R&D, technology and new markets to support continued growth, said a new report.The 30th Oil and Gas survey, conducted by Aberdeen & Grampian Chamber of Commerce in partnership with the Fraser of Allander Institute and KPMG UK…
OceanBased Perpetual Energy has signed a Memorandum of Understanding (MoU) with Florida Atlantic University’s Southeast National Marine Renewable Energy Center (SNMREC) to assist the company to develop commercial ocean current energy project…
More than 16 GW of floating offshore wind to be installed globally by 2030, said a new report. There are more than 1.4 GW of offshore wind auctions Planned in 2019 following a strong showing of 3.3 GW in 2018.Quest Floating Wind Energy‘s latest…
The rising domestic crude oil production in the United States has created a need for more pipeline capacity, revealed the US Energy Information Administration (EIA).EIA recently launched a new liquids pipeline projects database that tracks more than 200 crude oil…
The global offshore decommissioning market, valued at $ 5.96 billion in 2018, is projected to exhibit a CAGR of 5.4% through 2027, in terms of revenue.Crude oil prices coupled with declining production from rising number of maturing oil and…
On Friday, May 31, the Shell Ocean Discovery XPRIZE awards event will be livestreamed from Monaco where the winners of the $7 million global ocean mapping competition will be revealed.The three-year competition challenged teams to advance deep sea technologies for autonomous and unmanned…
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