TechnipFMC has been awarded a significant engineering, procurement, construction and installation (EPCI) contract by Shell for the Jackdaw development in the UK North Sea.The contract covers pipelay for a 30 km tieback from the new Jackdaw platform to Shell’s Shearwater platform…
Germany confirmed the nationalization of struggling gas importer Uniper at a cost of 8 billion euros ($7.9 billion) on Wednesday as it scrambles to secure power for Europe's largest economy after Russia cut back supplies.Nationalizing Germany's…
Talos Energy Inc said on Thursday it will buy EnVen Energy Corp, a private producer in the deepwater U.S. Gulf of Mexico, in a $1.1 billion deal including debt.The acquisition will add 24,000 barrels of oil equivalent per day of production for…
Oil and gas company Neptune Energy said Tuesday it had awarded a $30 million decommissioning contract to Well-Safe Solutions, for a campaign covering more than 20 wells located across eight Dutch and UK North Sea fields.'It is the first multi-region…
Brazilian oil company Prio will continue to assess the purchase of some assets from state-owned Petrobras even after a deal for its Albacora offshore oilfield fell through, Prio's finance chief told Reuters on Tuesday.Petrobras has in recent years sold off dozens of oil fields…
U.S. oil and gas firm Hess Corp says first oil began flowing last month from a Shell-operated Llano-6 well in the U.S. Gulf of Mexico, a project for which it owns a 50% stake. Hess, best known for its 30% interest in the Exxon Mobil-operated Guyana offshore oil and gas development…
Offshore installation specialist Jan De Nul Group said Thursday that the shipyard in China where its flagship jack-up installation vessel Voltaire is being built, was hit by typhoon Muifa in China during the night of 14 to 15 September 2022…
Abu Dhabi National Oil Company (ADNOC) earlier this month announced a $548 million contract to build a new main gas line at its Lower Zakum field offshore of Abu Dhabi. ADNOC said the award would increase Lower Zakum field’s gas production capacity…
Oil producers in Guyana are boosting exports to European buyers seeking alternatives to Russian crude, according to vessel monitoring data.Government bans on Russian oil since the invasion of Ukraine have spurred demand for alternative crudes…
Tidal energy developer Minesto has this week launched its second Dragon Class tidal kite in Vestmanna, Faroe Islands, and has started producing electricity.The tidal energy power plant “Dragon 4” will benefit from previous configuration testing executed with the first unit…
Offshore drilling firm Seadrill has signed a deal to sell seven jack-up drilling rigs in Saudi Arabia to ADES.Upon completion of the sale the rigs AOD I, AOD II, AOD III, West Callisto, West Ariel, West Cressida, and West Leda will be owned by ADES…
Brazilian oil company PetroRio said on Thursday it signed a memorandum of understanding to buy Dommo Energia, formerly known as OGX Petroleo e Gas SA, in a deal valued at 942.9 million reais ($179.9 million).Once the darling of Brazil's one-time richest man Eike Batista…
Equinor and Wintershall Dea will jointly develop carbon capture and storage projects, the oil firms said on Tuesday, with ideas to build a pipeline from Germany to Norway to transport and store carbon dioxide (CO2) under the North Sea.The firms…
The market for floating production systems is booming, according to World Energy Reports' (WER) latest assessment of activity and developments in the offshore oil and gas market.“Business conditions and market sentiment in the deepwater sector have seldom been so positive…
Brazilian oil company PetroRio said Thursday that production from the Frade offshore field in Brazil had resumed.The news comes after the company said on August 15 that it had interrupted production in the Frade field due to an inert gas line…
Subscribe
