Offshore News, Offshore Engineer Magazine - Page 8

 

Comment: Equinor’s New E&P El Dorado

Dec 12, 2019

It’s been quite a month for Equinor — new stakes in European wind; new Gulf of Mexico deepwater acreage; new frame contracts for major suppliers plus an endorsement from the International Energy Agency for its energy mix.Not bad — oh, and an…

Energy Transition and Sustainability Talks at 2020 WPC

Dec 11, 2019

The 23rd World Petroleum Congress will set the scene for a discussion about the energy transition, climate change and innovative technologies.Set for December 6-10, 2020, in Houston, considered the energy capitol of the world, the WPC typically draws 10…

Shelf Drilling Eyes Nigerian Prospects

Dec 11, 2019

Shallow water drilling services provider Shelf Drilling has announced a one-year extension on its 1982-built BMC 300-1C Trident XIV jack-up rig in continuation of its current assignment offshore Nigeria.The rig was contracted to ExxonMobil for…

Comment: In Romania, the Sun Also Rises

Dec 09, 2019

Depending on who you talk to, the Romanian offshore either has two projects worthy of mention and an aging supplier base, or it’s the most up-and-coming and accessible oil and gas province in all the world.The truth, as usual, is somewhere in the middle…

US Gulf: Infrastructure-led Exploration

Dec 08, 2019

2019 has seen greenfield prospects in the US Gulf of Mexico return to the forefront of upstream planning. Chevron is pursuing the 20,000 psi Anchor project while Shell intends to replicate the Vito semi-sub to develop its Whale discovery. Meanwhile…

New 'Rig Baby' Takes Shape

Dec 05, 2019

Norwegian rig and shipping magnate John Fredriksen is pooling harsh environment rig assets and putting his money into new venture, Northern Ocean Ltd., now a business of Seadrill subsidiary, Northern Drilling.Fredriksen’s investment vehicle…

Bowleven Pushes Ahead With Etinde Despite Losses

Dec 04, 2019

Africa-focused oil and gas explorer Bowleven Plc has vowed to soldier on with its planned monetization of the offshore Etinde field in Cameroon despite the company posting further losses in the last financial year.Bowleven said last week it…

Offshore Wind Finance Blows into Oil and Gas

Dec 02, 2019

The years-old trend that has seen offshore suppliers vie for work in wind by leveraging their offshore oil and gas credentials and development finance is being countered these days by wind players in search of oil and gas jobs, judging by some recent fleet owner moves…

Spike in Floater Orders, as Demands Ease

Nov 28, 2019

For a range of reasons not all related to costs, offshore operators have stated their preference for floating production with a recent slew of orders, a report by dedicated floating production watchers said this week.The world’s floating production…

ONE-Dyas Rights in Gabon Extended

Nov 27, 2019

Oil and gas company, ONE-Dyas, a joint venture between Oranje-Nassau Energie B.V. (ONE) and SHV Holdings that owns Dyas, has its quest for an extension of its upstream investment programme offshore Gabon approved for its offshore Kowe project…

PetroRio Steadily Growing with Mature Fields

Nov 27, 2019

PetroRio, a Brazilian independent oil company specialized in revitalizing mature oil fields, has excelled at using cutting edge recovery technology, and applying an efficient program of reservoir management to pinpoint mature fields with potential to increase recovery…

UKCS Decommissioning Rising

Nov 26, 2019

Decommissioning activity in the UK North Sea in 2019 has seen a significant ramp up, with 23 projects approved in the basin so far this year, and another eight likely to come.But, while costs continue to fall, more still needs to be done to reduce spending…

November: Month of Wind and Climate

Nov 26, 2019

You might remember the Paris Climate Agreement entered into force in November 2016, and each country’s “green transition” experts on November 25, 2019, began preparing for the UN Climate Change Conference on December 2, 2019.Solar powerhouse…

Chase the Right Metrics for Better Production Results

Nov 24, 2019

Oil and gas companies track and incentivize a variety of metrics, but these actions can inadvertently lead to lower production levels and affect lifting costs.If there’s an incentive for fast drilling instead of precisely placed wellbores that maximize contact with sweet spots…

ABB Showcases World-first Subsea Power System

Nov 22, 2019

Revolutionary technology proven to operate successfully in 3,000-hour shallow-water testSwiss-Swedish multinational electrical engineering and global power systems technology specialist ABB has announced the commercial availability of its groundbreaking…

Current News

Aqua Helix Gets Two-year Contract Offshore Brazil

Aqua Helix Gets Two-year Contract Offshore Brazil

Portugal's First Offshore Wind Auction Set for 3Q as German, Nordic Firms Show Interest

Portugal's First Offshore Wind Auction Set for 3Q as German, Nordic Firms Show Interest

Canada's CNLOPB Licenses Equinor's Significant Offshore Oil Discovery

Canada's CNLOPB Licenses Equinor's Significant Offshore Oil Discovery

Veritas Capital Completes Wood Mackenzie Buy

Veritas Capital Completes Wood Mackenzie Buy

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