Oil And Gas News

 

First Steel Cut for FPSO Raia in Brazil

Mar 07, 2024

The fabrication of a floating production storage and offloading (PFSO) for the Raia project in Brazil, operated by Equinor on behalf of the Raia project consortium, has officially started at Seatrium’s BrasFELS Shipyard.The strike steel ceremony…

Chevron to Become Operator of Exploration Block Offshore Uruguay

Mar 06, 2024

Challenger Energy has, through its wholly-owned Uruguayan subsidiary CEG Uruguay, entered into farm-out agreement with Chevron for the 60% interest in the AREA OFF-1 block offshore Uruguay.As part of the agreement, Chevron will acquire a 60% participating interest in the AREA OFF-1 block…

Harland & Wolff Inks Five-Year Contract with Global Oil Services Company

Mar 06, 2024

Harland & Wolff Group has signed a five-year master services agreement for the fabrication of large structures with oil services company supplying subsea infrastructure for global oil and gas developments.Harland & Wolff has received its first…

MOL and Petrobras Sign Cargo Transfer Vessels Deals

Mar 06, 2024

Mitsui O.S.K. Lines (MOL) and Brazil’s state-owned energy giant Petrobras have signed a charter contract for cargo transfer vessel (CTV) SeaLoader 2, and agreed to start negotiations for a new CTV shipbuilding contract by the end of 2024.MOL signed the deal through its wholly owned subsidiary…

TotalEnergies Takes Operatorship of ‘Promising’ Orange Basin Exploration License

Mar 06, 2024

TotalEnergies has signed, together with its partner QatarEnergy, an agreement to acquire participating interests in Block 3B/4B, offshore South Africa, from Africa Oil South Africa, Azinam - a wholly owned subsidiary of Eco Atlantic Oil and Gas - and Ricocure…

Perenco Kicks Off Five Well Drilling Campaign Offshore Cameroon

Mar 05, 2024

Perenco Rio del Rey, one of Perenco’s Cameroon subsidiaries, has started a five well development drilling campaign on the Kita Eden field, in the northern section of the Rio del Rey Basin, offshore Cameroon.As a result of its challenging shallow waters…

Wave-Powered Subsea Project Completes 12-Month Offshore Test Campaign

Mar 05, 2024

A groundbreaking ocean energy project, which has combined wave power with subsea energy storage to power subsea equipment, has now completed a 12-month test program at sea and will end this spring.The $2.5 million (£2 million) Renewables for…

Fugro Gets Marine Survey Job at Indonesia’s LNG and CCS Scheme

Mar 05, 2024

INPEX Masela (INPEX), a subsidiary of INPEX Corporation, has awarded Fugro a significant marine survey contract for the Abadi liquefied natural gas (LNG) project in Indonesia.Fugro will perform geophysical and geotechnical surveys needed to…

Turkish Oil Terminal Halts Russian Oil Business

Mar 05, 2024

One of Turkey's mid-sized Mediterranean oil terminals - the Dortyol terminal - will no longer accept Russian imports after receiving record volumes last year, amid an increase in sanctions pressure by the United States.Turkey has become one…

Talos Concludes Acquisition of QuarterNorth Energy and Its Deepwater Oil Assets

Mar 05, 2024

Talos Energy has completed the acquisition of QuarterNorth Energy, a U.S. Gulf of Mexico exploration and production company with ownership in several prolific offshore fields.After completing the acquisition, Talos has approximately 183.0 million shares of common stock outstanding…

Mermaid Sets Up Subsea Services JV in Vietnam

Mar 04, 2024

Mermaid Maritime has established a joint venture (JV) with Tan Cang Offshore Services in Vietnam which will offer subsea services for the country’s offshore sector.The primary activities of the newly formed JV will be to offer vessel chartering…

Diamond Offshore’s Drillship on Extended Stay with BP in Gulf of Mexico

Mar 04, 2024

U.S.-based offshore drilling company Diamond Offshore has secured a two-year contract extension with a subsidiary of BP in the U.S. Gulf of Mexico for the Ocean BlackHornet drillship.The contract is starting in February 2025 in direct continuation of the rig's current contract…

Gulf Cooperation Council Weighs in on Durra Gas Field Dispute

Mar 03, 2024

A Gulf Cooperation Council (GCC) ministerial meeting said on Sunday in a communique that the entire Durra gas field and its natural resources are jointly and only owned by Saudi Arabia and Kuwait, the Saudi state news agency reported.Iran has…

Green(er) Rigs Put Stena Drilling at Forefront of O&G Decarb Push

Mar 01, 2024

As the offshore oil and gas industry transitions to more sustainable practices, drilling rig operators are faced with demands to implement greenhouse gas (GHG) abatement measures as part of their workload. Being the owner of the first ever drillship that secured DNV’s Abate(P) notation…

Trinidad and Tobago Extends Deadline for Shallow-Water Auction

Feb 29, 2024

Trinidad and Tobago on Thursday extended by almost two months a deadline to submit bids for an auction of shallow-water oil and gas blocks, the government said.Trinidad is Latin America's largest producer of liquefied natural gas (LNG) with installed capacity of 15 million metric tons per year…

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