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ConocoPhillips Joins QatarEnergy's North Field South Expansion as Final International Partner

Oct 31, 2022

QatarEnergy has selected ConocoPhillips as its third and final international partner in the North Field South (NFS) expansion project. The project comprises two LNG mega trains with a combined capacity of 16 million tons per annum (MTPA).The…

U.S. Designates Offshore Wind Farm Development Areas in Gulf of Mexico

Oct 31, 2022

The U.S. Gulf of Mexico, best known to the offshore energy industry as an oil and gas province, is for the first time opening its doors to the offshore wind industry, with the U.S administration on Monday designating two areas for offshore wind development in the region…

Inadequate Planning, Execution Led to 35.2-ton Slip Joint Dropping from Offshore Rig in Norway

Oct 31, 2022

Inadequate planning and execution led to a 35.2-ton slip joint unintentionally dropping from Odfjell Drilling's offshore drilling rig to an offshore supply ship before ending up on the seabed offshore Norway in March this year, an investigation by the Petroleum Safety Authority Norway has shown…

Oil Firm Rockhopper 'Disappointed, But Not Surprised' as Italy Seeks to Overturn Ombrina Mare Ruling

Oct 31, 2022

Oil and gas company Rockhopper Exploration said Monday that Italy was working to annul the August ruling by an arbitration panel under which Italy has to pay 190 million euros plus interest to Rockhopper for breaching its obligations related to the company's Ombrina Mare field in the Adriatic Sea…

Petrobras Finds Oil in Sepia Area. Oil Column Described as One of Thickest Ever in Brazil

Oct 31, 2022

Brazilian oil giant Petrobras has found oil at the Pedunculo well, located in the northwest of the Sépia offshore oil field, around 250 kilometers off the coast of Rio de Janeiro, Brazil.The well was drilled at a water depth of approximately 2…

Verisk to Sell Wood Mackenzie to Veritas for More Than $3B

Oct 31, 2022

Global data analytics provider Verisk has agreed to sell its energy intelligence subsidiary Wood Mackenzie to Veritas Capital for $3.1 billion in cash consideration payable at closing plus future additional contingent consideration of up to $200 million…

ABB's Shaft Generator System for Northern Lights CO2 Carriers

Oct 31, 2022

ABB will deliver the shaft generator system with permanent magnet technology for the first dedicated CO2-storage vessels ever to be built. The vessels will be constructed by the Chinese shipbuilder Dalian Shipbuilding Industry Company (DSIC)…

Shell Hires Helix for Well Decommissioning Work Offshore Brazil

Oct 31, 2022

Helix Energy Solutions Group, Inc. has secured a deepwater well decommissioning contract with Shell in Brazil.The scope of work includes plug and abandonment services on subsea wells located in the Bijupira and Salema fields. Helix will supply the Q7000 riser-based well intervention vessel…

Report: Eni, BP to Extract Gas From Giant Gas Field Offshore Libya

Oct 31, 2022

Libya has agreed with Eni and BP to begin extracting natural gas from a Mediterranean gas field believed to be bigger than Egypt's huge Zohr field, the head of the National Oil Company (NOC) told Skynews Arabia on Monday. Eni will also invest…

ADNOC CEO Says World Needs Maximum Energy, Minimum Emissions

Oct 31, 2022

Abu Dhabi National Oil Co (ADNOC) Chief Executive Sultan al-Jaber said on Monday that zeroing out hydrocarbon investment due to natural decline could lead to a loss of 5 million barrels of oil per day a year from current supplies. 'The data is clear…

'Sizable' Contract in Asia Pacific for Subsea 7

Oct 31, 2022

Offshore installation company Subsea 7 said Monday it had won a sizeable contract in Asia Pacific.Subsea 7 defines a sizeable contract as being between USD 50 million and USD 150 million.Engineering work will start immediately, and offshore activity is scheduled for 2024 and 2025…

Russia Accuses UK Navy of Blowing Up Nord Stream, London Denies Involvement

Oct 31, 2022

LONDON, Oct 29 (Reuters) - Russia's defense ministry said on Saturday that British navy personnel blew up the Nord Stream gas pipelines last month, a claim that London said was false and designed to distract from Russian military failures in Ukraine…

Nigeria Planning Auction for Seven Deep Offshore Oil Blocks

Oct 31, 2022

Nigeria is planning to auction seven deep offshore oil blocks, 15 years since the last ones were auctioned, the upstream regulator said on Saturday. Apart from marginal fields, Nigeria last conducted bidding for 45 oil blocks in 2007 even when…

UK: Oil Firms Failing to Meet Drilling Obligations Face Financial Penalties

Oct 28, 2022

The UK oil and gas regulator North Sea Transition Authority (NSTA) warned the industry on Friday that it would not hesitate to take action against companies that fail to meet their license obligations. 'An investigation has been opened into whether a company…

Global Oil Giants Rake in Massive Profits in Third Quarter

Oct 28, 2022

Global oil-and-gas giants including Exxon Mobil, Chevron, and Equinor, posted huge profits in the third quarter, benefiting from surging energy costs that have boosted inflation around the world and hit consumers hard. Oil companies booked billions of dollars in profits as prices for crude…

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