Oil And Gas News

 

Gulf of Mexico Oil Firms Start Damage Checks as Ports Reopen After Hurricane

Sep 13, 2024

U.S. Gulf of Mexico oil producers on Thursday were conducting safety checks and preparing to restart some output after Hurricane Francine disrupted operations, while a Louisiana oil refinery ramped up production and export ports reopened.Francine…

Northern Ocean Names New Chief Commercial Officer

Sep 13, 2024

Offshore drilling contractor Northern Ocean has appointed Eirik Sunde as the new Chief Commercial Officer.Effective as of December 1, 2024, Sunde will join Northern Ocean from Transocean, where he has served as Senior Marketing Manager, overseeing commercial processes for the Norwegian sector…

Brazil Authorities Issue Operating License for Atlanta FPSO

Sep 13, 2024

Brava Energia, a Brazilian oil and gas firm created by the merger of 3R Petroleum and Enauta, has secured operating license for a floating, production storage, and offloading (FPSO) unit Atlanta, ahead of production of first oil through the new platform from the Atlanta field offshore Brazil…

Prosafe’s Safe Concordia Secures $13M Extended Stay in Gulf of Mexico

Sep 12, 2024

Offshore accommodation rig provider Prosafe has informed that its Safe Concordia semi-submersible flotel will remain in the U.S. Gulf of Mexico for additional four months as part of $13.1 million charter extension.The charterer of the Safe Concordia…

Gulf Marine Services Lifts Backlog to $464M with Latest Long-Term Contract

Sep 12, 2024

Gulf Marine Services (GMS), a provider of jack-up support vessels for the global energy industry, has secured a new long-term contract for one of its vessels in the Gulf Cooperation Council (GCC) region.The contract spans a total of five years…

Woodside Energy Halts Production at Gulf of Mexico Oil Platform

Sep 12, 2024

Woodside Energy shut-in oil and gas output on Wednesday at its Shenzi offshore production platform in the U.S. Gulf of Mexico, the company said.An onshore refinery lost power prompting the shut-in, a Woodside spokesperson said.The company earlier…

Korea's Hanhwa Sets Out Plan for Full Takeover of Singapore's Dyna-Mac

Sep 11, 2024

South Korean conglomerate Hanhwa Group has offered to acquire all of the shares it does not own in Singapore's Dyna-Mac Holdings, valuing the offshore oil and gas contractor at S$669.2 million ($513.90 million).Hanhwa's units Hanhwa Aerospace and Hanwha Ocean already own a 25…

Partly Electrified Equinor’s Troll Field Starts Operating with Reduced Emissions

Sep 11, 2024

Equinor-operated Troll B and C platforms in the North Sea have become partly powered from shore, which will result in the reduction of annual emissions from the Norwegian continental shelf (NCS) by 250,000 tonnes of CO2.The achievement is in…

Archer Nets Long-Term Drilling Deal with OKEA

Sep 11, 2024

Oilfield services firm Archer has secured a new five-year platform drilling contract with OKEA for work at Brage development, offshore Norway.The new contract has an initial estimated value of $79 million (NOK 850) million over a firm five-year…

Transocean’s Deepwater Atlas Drillship Gets BP’s Gulf of Mexico Job

Sep 11, 2024

Offshore drilling contractor Transocean has secured a contract from BP for its Deepwater Atlas drillship, which will be put to work at U.S. Gulf of Mexico.The 365-day contract, valued at $232 million, also provides for a 365-day option. The program is expected to begin in the second quarter of 2028…

ADNOC Signs 15-Year LNG Supply Deal with Indian Oil

Sep 10, 2024

The Abu Dhabi National Oil Company (ADNOC) has signed long-term liquefied natural gas (LNG) supply agreement with Indian Oil for the delivery of delivery of 1 million metric tonnes per annum (mmtpa) of LNG, to be primarily sourced from the Ruwais project…

Allseas Hooks $180M Pipeline Installation Job Offshore Philippines

Sep 10, 2024

Prime Energy Resources Development, a subsidiary of Prime Infrastructure Capital, has awarded a $180 million contract to Allseas for the installation of essential pipeline and umbilical infrastructure as part of Malampaya Life Extension Project…

Equinor and Partners Make Gas Discovery in Norwegian Sea

Sep 10, 2024

Equinor and its partners have proven gas/condensate in a well in the Norwegian Sea, drilled in connection with the Lavrans discovery, which is currently undergoing development.The well 6406/2-L-2 H, located 260 kilometres southwest of Brønnøysund…

CNOOC Ticks Another Milestone in Ultra-Deepwater Gas Exploration

Sep 10, 2024

China's state-owned oil and gas firm China National Offshore Oil Corporation (CNOOC) has drilled a natural gas well in the ultra-deepwater Liwan 4-1 structure in the Pearl River Mouth Basin, which was tested to produce 430,000 cubic meters per day…

Australia Readies Changes to Offshore Safety Regulations

Sep 09, 2024

Australia’s Department of Industry, Science and Resources is seeking feedback on proposed changes to the Offshore Petroleum and Greenhouse Gas Storage (Safety) Regulations 2009.These regulations will sunset (cease to be law) on April 1, 2026…

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