Latest News - page 621

 

Output to Ramp Up at Santos' John Brookes Offshore Platform after Outage

Feb 09, 2023

Australia's Santos Ltd said on Thursday that gas production from its John Brookes platform in Western Australia has resumed, following an over two-month long outage, with operations expected to ramp up to full rates in the coming days.Around late November last year…

Equinor Makes Oil and Gas Find Near Troll Field in North Sea, Offshore Norway

Feb 09, 2023

Norwegian oil firm Equinor said Thursday it had discovered oil and gas near its Troll field in the North Sea, offshore Norway.The discovery, named Røver Sør, is the seventh discovery in this area since the autumn of 2019.'According to preliminary…

APA, TotalEnergies Strike Oil Offshore Suriname

Feb 09, 2023

U.S. oil producer APA Corp said on Wednesday that it had found oil after drilling the Sapakara South-2 (SPS-2) appraisal well in Block 58, offshore Suriname. Exploration off the South American country's coast has been watched closely as it is…

Dominion 'on track' with $9.8B VA Offshore Wind Farm

Feb 08, 2023

Dominion Energy executives said on Wednesday that the electric utility's $9.8 billion offshore Virginia wind farm is on track and on budget, having recently entered a critical phase of the environmental review process.The roughly month-long…

Greenpeace Says Shell Threatens Protestors Occupying FPSO with "Jail Time, Fines"

Feb 08, 2023

Shell has reportedly threatened legal action against Greenpeace activists who last week boarded a heavy load carrier carrying Shell's Penguins FPSO, destined for deployment in the UK North Sea.Last Tuesday, four activists climbed aboard the…

Big Oil Doubles Profits in Blockbuster 2022

Feb 08, 2023

Big Oil more than doubled its profits in 2022 to $219 billion, smashing previous records in a year of volatile energy prices where Russia's invasion of Ukraine reshaped global energy markets and, in some cases, the industry's climate ambitions…

Reach Subsea Nets North Sea Decom Gig

Feb 08, 2023

Oslo-listed subsea services provider Reach Subsea said Wednesday it had won a decommissioning contract in the North Sea. The contract is with an undisclosed client, and represents around 40 project days for execution in Q1 2023. Reach Subsea will use the Olympic Delta vessel for the project…

Jadestone Energy Targets End of Month Production Restart for Montara Venture FPSO

Feb 08, 2023

Jadestone Energy, an Asia Pacific-focused oil and gas company, has taken a step toward restarting production from its Montara Project offshore Australia.The company shut down production from the Montara Venture FPSO last year, first, to allow…

Denmark Suspends Reviewing Offshore Wind Projects over Possible EU Law Conflict

Feb 08, 2023

The Danish Energy Agency has suspended reviewing existing and new applications to install new wind farms and other renewable energy projects in the country over a potential conflict with European Union law, it said in a statement late on Monday…

India's ONGC Videsh Eyes Oil, Gas 'hot spots' in Africa, Latin America

Feb 08, 2023

ONGC Videsh (OVL) Ltd, the overseas exploration arm of India's Oil and Natural Gas Corp, is looking for exploration and production investment opportunities in Africa and Latin America, such as in Ghana and Surinam, managing director Rajarshi Gupta said…

HLP Brings "Fresh Approach" to Offshore Wind Farm Logistics. Funding Secured for Engineering Work

Feb 08, 2023

Heavy Lift Projects Ltd (HLP), a provider of offshore wind farm logistics, said Tuesday it had completed a funding round with private investors and opened its first office in Edinburgh.The company said that Capercaillie (Investments) Ltd and…

Archer to Buy Baker Hughes' UK Coil Tubing and Pumping Business

Feb 08, 2023

Archer Limited and Baker Hughes Limited have signed official agreements for Archer to buy Baker Hughes' coil tubing and pumping (CT&P) business in the United Kingdom.The definitive agreement follows a term sheet signed in January.Baker Hughes…

Israel's NewMed Forecasts $15B Offshore Gas Boost for Sovereign Wealth Fund

Feb 08, 2023

Israel's NewMed Energy forecast on Tuesday that the country's nascent sovereign wealth fund will get a 52 billion shekel ($15 billion) injection in the coming decade from its two main natural gas fields. NewMed Energy Chief Executive Yossi Abu said that the company…

TotalEnergies Net Profit Doubles to Record $36.2B in 2022

Feb 08, 2023

French oil major TotalEnergies posted a record net profit of $36.2 billion in 2022, double the previous year, joining in the sector's bumper earnings thanks to higher oil and gas prices since Russia invaded Ukraine.TotalEnergies' fourth-quarter adjusted net income was $7…

Shell's Southern North Sea Discovery Could Be "Largest in Over in a Decade"

Feb 08, 2023

Shell's recent discovery at the Pensacola prospect could be 'one of the largest natural gas discoveries in the Southern North Sea in over a decade.' This is according to Deltic Energy, Shell's partner in the project, which said that Deltic pre…

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