Oil And Gas News

 

BW Opal FPSO Starts Taking Final Shape Ahead of Barossa Assignment

Feb 09, 2024

FPSO leasing company BW Offshore has made progress on the topside module integration for the newbuild floating production storage and offloading (FPSO) unit BW Opal, that will be deployed at Santos' Barossa gas project, offshore Australia.The…

China Puts First ‘Home-Made’ Subsea Xmas Tree Into Operation

Feb 09, 2024

China National Offshore Oil Corporation (CNOOC) has put into operation the first domestically developed subsea Xmas tree.CNOOC’s subsea Xmas tree is 3.5 meters long, 3.2 meters wide and 3 meters high, with an overall weight of nearly 22 tons…

Trident Terminates Island Innovator Rig Contract Offshore Equatorial Guinea

Feb 09, 2024

The contract for the Island Drilling’s semi-submersible Island Innovator rig has been terminated by Trident Energy due to safety concerns, putting the drilling campaign at the Block G, offshore Equatorial Guinea, on pause.The decision to terminate…

CRP Subsea Secures ‘Sizeable’ Supply Deal for GoM Ultra-Deepwater Oil Field

Feb 09, 2024

CRP Subsea, an AIS company, has been awarded a ‘sizable’ contract from a major engineering, procurement, construction and installation (EPCI) company for ultra-deepwater oilfield development in the U.S. Gulf of Mexico.The contract entails the…

Russia's Arctic LNG 2 Last Line is on Hold

Feb 08, 2024

The third and the last train of the Arctic LNG 2 project in Russia has been put on hold but the second train is likely to be installed, the head of stakeholder TotalEnergies' said.The liquefied natural gas (LNG) project in the Russian Arctic has faced challenges from U…

Norway's Sverdrup Oilfield to Start Decline in About a Year

Feb 08, 2024

Production at the Equinor-operated Johan Sverdrup oilfield, the North Sea's largest, is expected to start declining from peak levels in about a year, partner Aker BP said on Thursday.Sverdrup's production was ramped up last year to 755,000 barrels of oil per day (bpd)…

Exxon Mobil to Exit Equatorial Guinea

Feb 08, 2024

Exxon Mobil Corp said on Thursday it will exit Equatorial Guinea in the second quarter of this year, when the oil major will transfer its remaining investments in the country to the local government.Reuters reported in 2022 that Exxon had decided to leave the country once its licenses expired…

EthosEnergy Scoops Harbour Energy Deal for Production Assets in North Sea

Feb 08, 2024

EthosEnergy has signed a five-year master service agreement (MSA) with Harbour Energy for maintenance and support services across three production assets in the North Sea.The agreement, with an option to extend, will see EthosEnergy becoming…

DNV Updates ‘Go-To Standard’ for Offshore Energy Operations

Feb 08, 2024

DNV has published a substantial revision to the ‘go-to standard’, DNV-ST-N001, for the design and planning of marine operations for the transport, installation and removal of offshore wind farms, subsea cables and oil and gas assets.The new…

Neptune Gets Green Light to Drill Duva Wildcat Well

Feb 07, 2024

The Norwegian Offshore Directorate has granted Neptune Energy Norge a drilling permit for the new exploration well at Duva field in the North Sea.The permit is for the 36/7-5 S wildcat well at Duva field (production license 636) which will be done using Deepsea Yantai semi-submersible drilling rig…

Danos Gets Shell’s Planning and Scheduling Call

Feb 07, 2024

Oilfield services provider Danos has signed a new planning and scheduling contract with Shell Exploration and Production Company, a subsidiary of Shell.The agreement entrusts Danos to deploy a team of highly skilled personnel to support Shell’s upstream operations…

TotalEnergies Pays $199M for Tungsten Explorer Drillship Buy-In

Feb 07, 2024

French energy major TotalEnergies and offshore drillship operator Vantage Drilling have signed a binding agreement to create a new joint venture (JV) that will acquire from Vantage the Tungsten Explorer drillship.Pursuant to the terms of the agreement…

Vår Energi Hires AGR for Well Control Work Offshore Norway

Feb 06, 2024

AGR, part of Oslo-listed marine consultancy ABL Group, has been awarded a long-term contract for the provision of blowout and well control studies and associated services to Vår Energi’s activities on the Norwegian continental shelf.Under the framework agreement…

Shell Joins Wave-Powered Subsea Project

Feb 05, 2024

Energy major Shell has joined the Renewables for Subsea Power (RSP) collaborative project which is currently powering subsea equipment off the coast of Orkney through a combination of wave power and subsea energy storage. The $2.5 million (£2million) demonstrator initiative…

Venezuela to Get Almost Half of Dragon Gas Project's Income

Feb 05, 2024

Britain's Shell and Trinidad's National Gas Company (NGC) will pay Venezuela no less than 45% of gross revenues from the Dragon gas production project off Venezuela's coast, according to license terms published on Saturday.In December, Venezuela…

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