Offshore equipment and services company Deep Down announced it has received an order from Shell for work related to its Kaikias development in the U.S. Gulf of Mexico.The order is for the design, engineering, manufacturing and installation of…
State-controlled oil firm Petroleo Brasileiro SA said the cost of extracting oil in subsalt areas may fall from the current level of $6 a barrel, Chief Executive Roberto Castello Branco said during an event.(Reporting by Marta Nogueira Writing by Ana Mano Editing by Chizu Nomiyama)
It’s hard to nail down when it all started — perhaps when the Canadian province of Newfoundland and Labrador opted for the Norwegian model of direct government ownership shares in its offshore oilfields.Or it might have started with Equinor’s…
Production is shut down at the 220,000-barrel-per-day Hibernia oil platform off the coast of eastern Canada, Hibernia's largest shareholder ExxonMobil Corp said on Monday, after a temporary power cut led to oil and water leaking into the ocean…
The U.S. Bureau of Ocean Energy Management (BOEM) as approved Equinor and Shell’s transaction announced in May 2019, whereby Equinor exercised its preferential right to acquire 22.45% interest in the Caesar Tonga oil field from Shell Offshore Inc for a total consideration of $965 million in cash…
ExxonMobil is considering a sale of its assets in the British North Sea after more than 50 years in the oil and gas basin as it focuses on U.S. shale production and new projects.The world’s largest publicly traded energy company has held talks…
Equinor has exercised the fourth of six available one-month options to extend Prosafe's accommodation vessel Safe Boreas at the Mariner project in the UK sector of the North Sea to accommodate personnel working on Mariner in the hook up and early production phase through October 2019…
Norway's oil production fell 5.2% year-on-year in July to 1.447 million barrels per day, exceeding the official forecast for the month by 2%, Norway's Petroleum Directorate (NPD) said on Friday.Including condensate and natural gas liquids (NGL)…
When oil and gas operators need to carry out workovers or plug and abandon a deepwater well, a primary concern is how much fatigue life remains in the wellhead.Wells from two decades ago were drilled and completed with rigs that may have been decommissioned…
Australian energy giant Woodside has announced in a press release that it will produce first oil from its Greater Enfield project located offshore Australia this month.'We expect first oil from the Greater Enfield reservoirs in August 2019. The delivery of the Greater Enfield Project…
Exxon Mobil Corp said production has resumed at Canada's Hibernia oil platform on Thursday after a spill in mid-July.The platform will take necessary time to reach full production in a safe and environmentally responsible manner, the company said in a statement…
The AXR 5000 and 5800 Large AC NEMA motors deliver an average of 15% more power over conventional designs, according to manufacturer ABB. The new motors, introduced in May this year, also meet American Petroleum Institute 541 and 547 standards for motors operating in the oil and gas industry…
Woodside Petroleum flagged a challenging near-term outlook on Thursday as it grapples to win over its partners to back $34 billion worth of new oil and gas projects amid a souring global environment.Australia's biggest independent oil and gas…
Norwegian energy company Equinor and its partners have started oil production from the Mariner field in the UK North Sea, the operator said on Thursday.The Mariner field, located on the East Shetland Platform of the UK North Sea, approximately…
Norwegian authorities have given Equinor consent to use Island Wellserver for light well intervention (LWI), the Petroleum Safety Authority (PSA) announced on Wednesday. The consent concerns an extension to an existing LWI approval as well as a new operation using a coil hose…
Subscribe
