If the industry has been capturing CO2 for decades, why all the innovation now?CO2 capture technology has been used for around a century in natural gas processing plants to separate out the commercially valuable methane. In the 1970s, that CO2 found purpose in advanced oil recovery…
Prime Energy has extended the contract for DOF’s multipurpose supply vessel (MPSV) Skandi Hawk for work on the Malampaya gas field offshore Philippines.The contract has been extended to the end of 2027, according to Norwegian vessel owner DOF…
Shell Offshore, a U.S. subsidiary of Shell, has reached the Final Investment Decision (FID) for Sparta, a deepwater development in the U.S. Gulf of Mexico. Owned by Shell Offshore (51% operator) and Equinor Gulf of Mexico (49%), Sparta is expected to reach a peak production of approximately 90…
Shell has begun cutting jobs beyond previously announced reductions in its low-carbon division, Bloomberg News reported on Thursday citing people familiar with the matter.Roles are being eliminated on a division-by-division basis, with those…
Japan's Mitsui and Co has decided to pull its employees out of Russia's Arctic LNG 2 liquefied natural gas (LNG) project, the Sankei newspaper reported on Tuesday, citing several sources, in yet another blow for the project.Fearing the backlash from the sanctions…
Offshore drilling company Valaris has secured approximately $1.14 billion in new contracts and contract extensions for its drillships and jack-up rigs across the Americas, Europe and Australia.The $1.14 billion worth contracts were awarded in the last two months of 2023…
Brazilian state-run oil company Petrobras' Sepetiba floating production storage and offloading (FPSO) unit started production on Sunday, the oil giant said in a securities filing.Sepetiba, which has been chartered from SBM and installed at the Mero oilfield in the pre-salt of the Santos Basin…
Oil major Shell and its partner Deltic Energy have approved the work program and budget for drilling the Pensacola appraisal well in late 2024.The Pensacola discovery, located in the UK North Sea, is estimated to contain gross P50 initially…
Shell has resumed operations at its Prelude liquefied natural gas (LNG) facility 475 kms (300 miles) off the west coast of Australia and its first cargo could be loaded within days, two industry sources told Reuters on Monday.The timing of the…
TechnipFMC has been awarded 'major' integrated engineering, procurement, construction, and installation (iEPCI) contract by Petrobras to deliver the Mero 3 HISEP project, which uses subsea processing to capture carbon dioxide-rich dense gases and then inject them into the reservoir…
Esgian's last roundup of the year for the Week 52 puts spotlight on new developments for Dolphin Drilling semisub, Seadrill drillships, as well as Shell’s plans for Australia and ONGC’s new tender for jackups in India.ContractsDolphin Drilling…
Supermajor Shell reports it now has 100% working interest in the Kaikias field in the U.S. Gulf of Mexico after acquiring a 20% stake from Mitsui's MOEX North America.The field Kaikias, located in the prolific Mars-Ursa basin, approximately 130 miles from the Louisiana coast…
Cenosco, a provider of asset integrity software, have acquired complete ownership of the intellectual property (IP) rights of the jointly developed IMS, Integrity Management System. IMS is an Asset Integrity Management software suite, which…
Brazilian oil company Enauta said on Monday it acquired the entire 23% stake held by QatarEnergy Brasil Ltda in some oil fields in the Campos Basin for a total value of $150 million.In a securities filing, the company said that the transaction to acquire a stake in the Abalone…
Venezuela has begun contacting energy firms involved in an long-idled offshore gas project to push them to begin new exploration and operations near its maritime border with Guyana, five people close to the talks said.The request to act on blocks…
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