Neptune Energy and its partner, Spirit Energy, on Thursday announced production start-up from the eleventh well at its operated Cygnus gas field in the southern North Sea.The new well is expected to produce approximately 4,000 boepd, enough gas to heat approximately 200…
Offshore oil and gas exploration spending will increase more than 20% globally this year and the growth will continue into the next, oilfield services firm SLB said on Wednesday.'Offshore is experiencing a renaissance, with significant breadth and anticipated durability…
TechnipFMC has signed a 20-year framework agreement with Chevron Australia under which TechnipFMC may provide Subsea 2.0 configure-to-order subsea production systems for gas field developments off Australia’s northwest coast.The agreement covers the supply of wellheads…
Shell will keep oil output steady or slightly higher into 2030 as part of CEO Wael Sawan's efforts to regain investor confidence as the energy giant wrestles with poor returns from renewables while oil and gas profits are booming, company sources said…
Marine geophysical company PXGEO has ordered more than 20 autonomous underwater vehicles from Saab.The order, for Saab's Sabertooth autonomous underwater vehicle, is worth SEK 620 million (currently around $57,1 million) and deliveries will take place 2023-2025…
The Danish state will take a 20% stake in four planned offshore wind farms with a total capacity of at least 6 gigawatts (GW), the country's ministry of climate, energy and utilities said on Tuesday.Under the terms in the upcoming tenders, developers…
Brazilian oil firm Petrobras on Wednesday signed Production Sharing Contracts for offshore blocks, awarded in the Open Acreage under Production Sharing Regime – 1st Cycle held by Brazil’s National Petroleum Agency (ANP) in December 2022.Petrobras…
French oil major TotalEnergies, operator of OML130 offshore license in Nigeria, confirmed Monday it had secured the renewal of the production license on this offshore block for 20 years.Located 150 kilometers off the Nigerian coast, the OML130…
Oil output at Kazakhstan's giant Kashagan oilfield fell this month after its operator shut two offshore injection wells on May 20 following the detection of sour gas during routine sampling, the company said on Thursday.The North Caspian Operating…
Twelve companies were awarded a total of 20 licenses to develop carbon dioxide (CO2) storage offshore, in Britain's first licensing round for such projects, the North Sea Transition Authority (NSTA) said on Thursday.Britain aims to use carbon capture and storage (CCS) technology…
South Africa has granted Turkey's Karpowership access to the three ports of Ngqura, Durban and Saldanha Bay for a period of 20 years, the transport ministry said on Thursday, as it tries to find solutions to the country's power crisis.Karpowership aims…
Tallinna Sadam subsidiary TS Shipping has signed an agreement securing summer work for its multifunctional icebreaker Botnica with Equinor in the U.K.The 40-day charter agreement, which includes a 10-day extension option, will start from June…
TotalEnergies, Sonangol, and Agência Nacional de Petróleo, Gás e Biocombustíveis (ANPG), have signed a heads of agreement related to the future development of the Cameia and Golfinho fields, located on Blocks 20 and 21 in the Kwanza basin, offshore Angola…
Norwegian energy regulator NVE on Tuesday recommended 20 areas suitable for deploying offshore wind farms that will help meet a 2040 target for 30 gigawatts (GW) of capacity.The areas, dotted along Norway's vast coastline, were the ones believed…
The Society of Petroleum Engineers (SPE) said Monday that Simon Seaton had been hired as Chief Executive Officer. 'In the CEO role, Seaton will work with the Board of Directors on the short- and long-term development and growth of SPE as the…
Subscribe
