Cyprus said on Thursday it wanted to see improvements to Chevron-led plans to extract gas from an offshore field, giving the consortium led by the U.S. major six months to meet its requirements.There have been protracted talks on the future…
Seatrium has inked a non-binding Memorandum of Understanding (MoU) with Shell Global Solutions International to explore and strengthen collaboration opportunities in floating production systems.The MoU, which focuses on driving project standardisation and replication…
U.S. oil and gas production rebounded sharply in February after extensive disruption the previous month caused by freezing wells and other outages stemming from Winter Storm Heather in the middle of January.Nationwide crude and condensates output jumped by 0…
Swedish-Israeli company Eco Wave Power has entered an agreement with Shell for the development of first-ever United States’ wave energy pilot station at AltaSea’s Premises in the Port of LA.Though Eco Wave Power did not specify the name of the ‘major energy company’ it made an agreement with…
Esgian reports that new drilling contracts have been announced in the North Sea and West Africa in its Week 17 Rig Analytics Market Roundup.Report SummaryContractsShelf Drilling (North Sea) has secured a letter of award with an unnamed operator…
Malaysia-based offshore services firm Sapura Energy, through its wholly-owned subsidiary Sapura Subsea Services, has secured a contract to provide subsea services for Shell’s Malaysian subsidiaries Sarawak Shell Berhad and Sabah Shell Petroleum…
Subsea7 has completed the Pipeline Replacement Project 8 (PRP-8) offshore Brunei for Brunei Shell Petroleum (BSP).PRP-8 is a turn-key project that involves engineering, procurement, installation, and commissioning (EPIC) of various sizes of flexible flowlines and risers…
Deltic Energy has completed the farm-out of its 25% interest in the Shell-operated North Sea license containing the Selene Prospect to Dana Petroleum.Deltic Energy received the required regulatory and partner consents in respect of the farm-out of a 25% interest in License P2437 to Dana Petroleum…
Mocean Energy’s Blue X wave energy converter, with project partner Verlume’s Halo storage system, have been retrieved to shore after more than 12 months of testing at sea as part of Renewables for Subsea Power (RSP) project.Orkney-based marine…
Oilfield services provider Petrofac has secured a contract extension with BP to continue work on its North Sea portfolio.Maintenance and engineering services will be provided under the terms of the three-year, multi-million-dollar contract.“Petrofac has supported bp in the North Sea for 15 years…
Portuguese oil company Galp Energia has launched the sale of half of its stake in an exploration block offshore Namibia where it has made a major oil discovery, three industry sources familiar with the matter told Reuters.Galp's Mopane discovery…
MODEC has secured the Front-End Engineering and Design (FEED) contract for a floating production storage and offloading (FPSO) system for Shell’s Gato do Mato development, offshore Brazil.Gato do Mato FPSO will be moored at a water depth of approximately 2…
Shell's head of liquefied natural gas (LNG), natural gas and power trading Steve Hill is leaving the company, Shell said on Monday.Hill chose to leave, Shell said, adding he would hand over his responsibilities and his successor would be announced in the coming weeks…
The price to rent an offshore rig hit a nine-year high last year with jackups, semisubmersibles and drillships costing on average $118,000, $368,000 and $419,000, respectively (as of 31 December 2023). These figures represent an overall 54% increase in dayrates when compared with 2021…
Esgian reports on the many rig movements that occurred last week in its Week 16 Rig Analytics Market Roundup.Report SummaryContractsADES Holding Company has received a letter of award from an international oil company for a one-year firm drilling contract for a jackup offshore Qatar…
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