Oil And Gas News

 

UTC: The Race to the Lowest Emission Barrel

Jun 16, 2021

Operators have called for greater certification and ‘provenance’ of oil and gas production and encourage competition when it comes to lowest emission barrels as they position their businesses to align with the energy transition.Speaking at the…

UTC: Norwegian Activity – and Focus on Emissions – Increasing

Jun 16, 2021

Activity on the Norwegian Continental Shelf (NCS) is going to be high in the next few years, but views on the longer-term outlook differ as the balancing act over demand for energy and a need to reduce emissions – at an ever greater pace – is played out…

North Oil Company Books JDC Jack-Up Rig for Al-Shaheen Operations

Jun 16, 2021

Offshore drilling contractor Japan Drilling Co., Ltd. (JDC) has secured an offshore drilling contract with North Oil Company in Qatar.JDC will provide its jack-up drilling rig Hakuryu-10 over a three-year contract at Qatar's giant offshore oil field Al-Shaheen…

China’s Guandong Province to Offer Subsidies to Offshore Wind Projects

Jun 16, 2021

China’s southern province of Guangdong, the country’s largest regional economy, plans to offer subsidies to offshore wind power projects, to boost lower-carbon investment and reduce emissions, an industry website reported on Tuesday.The subsidies…

Australia Tells Companies to Nominate Acreage for Offshore Carbon Storage

Jun 16, 2021

Australia asked companies on Wednesday to nominate offshore acreage they want to explore for places to bury carbon dioxide, part of a government drive to promote carbon capture and storage (CCS) to help cut emissions.'The coalition government…

SPE Offshore Europe 2021 Face-to-face Event Put Off for February 2022

Jun 16, 2021

The organizers of SPE Offshore Europe 2021, a UK event focused on offshore oil and gas as well as energy transition, have announced that the show’s face-to-face event is moving to 1-4 February 2022 at P&J Live, Aberdeen and the conference will run virtually from 7-10 September 2021…

Contract Extension: Wood to Keep Supporting Equinor's Offshore Assets in Norway

Jun 16, 2021

Engineering firm Wood has secured an extension of its existing framework agreement with the Norwegian oil and gas giant Equinor. Wood will continue to support Equinor's offshore assets on the Norwegian Continental Shelf as part of the agreement…

Oil Price Hits New High Near $75

Jun 16, 2021

Oil extended its run of gains on Wednesday, climbing towards $75 a barrel to its highest since April 2019, supported by a recovery in demand from the pandemic and a drop in U.S. crude inventories.The American Petroleum Institute reported U…

Far to Spud High-Impact Well Offshore The Gambia in 4Q Using Stena Drillship

Jun 16, 2021

Australian oil and gas company Far has hired Stena Drilling's Stena IceMax drillship to drill the Bambo-1 well offshore The Gambia. The well is expected to be spudded in the fort quarter of 2021.The Bambo-1 well in Block A2 is designed to drill into 3 prospects with a total estimated recoverable…

Chevron Hires Shelf Drilling Jack-up Rig for Angola Drilling

Jun 16, 2021

Jack-up drilling contractor Shelf Drilling has been awarded a one-year contract for the Shelf Drilling Tenacious jack-up rig with Chevron's Angola subsidiary Cabinda Gulf Oil Company.The contract in Angola is expected to start in January 2022…

Lundin Energy Sells 'Carbon neutral' Oil to South Korea's GS Caltex

Jun 16, 2021

Lundin Energy has sold an oil cargo certified as carbon neutral at the point of production to South Korean refiner GS Caltex in the first such sale of crude from Norway's Johan Sverdrup field, the Swedish company said on Wednesday.Oil companies…

UK: Hurricane Energy Hires Stena Drilling Rig to Plug Lincoln Well

Jun 16, 2021

UK-based oil and gas company Hurricane Energy has hired the Stena Don semi-submersible drilling rig for the plugging and abandonment of its Lincoln-14 offshore well west of Shetland.The Lincoln-14 well, formally named the 205/26b-14,  is located…

U.S. Judge Orders Resumption in Federal Drilling Auctions

Jun 16, 2021

A federal judge in Louisiana on Tuesday blocked the Biden administration's pause on oil and gas leasing on public lands and waters, dealing a setback to a key White House effort to address climate change.The order granted a preliminary injunction…

Horisont Energi Taps Saipem, Technip Energies for Barents Blue Ammonia Project

Jun 15, 2021

Norwegian carbon tech company Horisont Energi has selected Saipem and Technip Energies for two independent concept studies for the full conceptual design of the Barents Blue carbon-neutral ammonia plant in Hammerfest, northern Norway.Back in May…

Australia Opens Bidding for Offshore Exploration Acreage

Jun 15, 2021

Australia has this week opened bidding for the 2021 Offshore Petroleum Exploration Acreage Release, offering areas with around 80,000 square kilometers of new acreage available for exploration in Commonwealth waters.Minister for Resources, Water…

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