Saudi Aramco has awarded 34 contracts with a total value of $18 billion for engineering, procurement and construction projects at its Marjan and Berri oilfields, the company said on Tuesday.Saudi Aramco plans to boost production capacity from the two fields by 550…
Senior representatives from “thought leaders” ABS, DNV GL and Lloyd’s Register weigh in on some of the top class and regulatory issues facing the offshore industry today, from decommissioning and decarbonization to cyber security, unmanned surface vessels and beyond…
Oil rose towards $65 a barrel on Tuesday as OPEC supply cuts and Middle East tensions outweighed the U.S.-China trade dispute that has been dragging down the global economy and oil demand.OPEC and its allies led by Russia agreed last week to extend their supply-cutting deal until March 2020…
Denmark has fined French oil and gas major Total 500,000 Danish crowns ($75,145) for the discharge of chemicals in the North Sea by a company it bought in 2017, Danish broadcaster DR said on Tuesday.Maersk Oil, the former oil unit of shipping giant A…
Russia's largest oil producer Rosneft said on Tuesday its oil production had declined due to a decision by oil pipeline monopoly Transneft to reduce intake of oil due to a contaminated oil issue.It said Transneft had imposed a 'significant'…
Aker Energy Ghana, a subsidiary of Norwegian-based oil exploration and production firm Aker Energy AS, has entered into an agreement to issue $100 million of convertible subordinated bonds to Africa Finance Corporation (AFC).AFC also intends to take part in future capital market activities…
Activity in the floating production sector has not been slowed by the recent volatility seen across global oil markets, according to a recent report by World Energy Reports (WER).Brent oil, which had reached as high as the mid $70 range earlier this year…
After painstakingly plying Petrobras for years, Norway’s offshore supplier-contractors and their halo of sub-suppliers are again earning big Brazilian orders en masse, as the BRIC country’s untapped reserves compel the national oil company to buy — and borrow — Norwegian…
Technology company ABB said it will support Norwegian oil and gas producer OKEA in an effort to achieve productivity gains using agile and dynamic business models, looking at areas such as autonomous operations, digital solutions and advanced services…
A technology used in security and drug enforcement was modified to solve the age-old problem of how to use radiography for non-destructive testing of pipelines on rigs without affecting nucleonic measurement associated with pressure vessels…
Italian supermajor Eni said it has started the early production phase from the Miztón field, located in the Campeche Bay offshore Mexico, marking the first step in the development of Area 1, which is estimated to hold 2.1 billion of oil equivalent in place (90% oil) in the Amoca…
OPEC and its allies led by Russia agreed to extend oil output cuts until March 2020 on Tuesday, seeking to prop up the price of crude as the global economy weakens and U.S. production soars.The alliance, known as OPEC+, has been reducing oil…
American multinational energy corporation ConocoPhillips has submitted a plan for development and operation (PDO) for a redevelopment of the Tor field in the Greater Ekofisk area in the North Sea.According to the Norwegian Petroleum Directorate (NPD)…
Two people were killed at Royal Dutch Shell's Auger tension leg platform in the deepwater U.S. Gulf of Mexico on Sunday morning while testing mandatory safety equipment, the company said on Monday.'One other non-life-threatening injury was sustained…
Changing environmental regulations around the world will have an impact on how the offshore industry handles produced water.Typically, offshore operators treat their produced water so it can be discharged back into the ocean, although there…
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