Offshore News, Offshore Engineer Magazine - Page 8

 

Panoro, Vaalco Make Progress Offshore Gabon

Jan 22, 2020

Gabon looks to be on its way to achieving the projected 50% increase in crude oil production in the next one year if the positive result from offshore wells development, by two of the leading international oil companies operating in the country…

In Norway, Signs of Industry-wide Health

Jan 20, 2020

A range of oil companies and their suppliers saw their market value enrichened Monday for reasons that included oil skipping its usual end-of-month dip in December, as WTI and Brent in 2020 still looking like 2019.With oil stable, even “minor”…

Transition or Transformation: Energy Opportunities

Jan 17, 2020

Dave Stewart, CEO of Wood’s Asset Solutions business in Europe, Africa, Asia & Australia, discusses how traditional upstream oil and gas businesses are responding to this transitional period to continue to provide sustainable, affordable, reliable and safe access to energy…

GE Wins Scottish Substation Frame Deal

Jan 16, 2020

A flurry of North Sea and North American offshore substation awards culminated Thursday in a contract award to GE Renewable Energy’s Grid Solutions business from EDF Renewables and ESB for their Neart na Gaoithe offshore wind project.GE said…

Major Offshore Project in Senegal Reaches FID

Jan 15, 2020

Senegal could as well be on the way to joining the league of top African oil and gas producers in the next three years after developers of one of the most profound offshore discoveries announced reaching a final investment decision (FID).The Rufisque Offshore…

Zama a Giant Plus for Mexico

Jan 13, 2020

At 670 million barrels of recoverable oil, Mexico’s Zama field would be a nation-building giant in any prolific oil-bearing basin.That reserves estimate — made this week by Netherland, Sewell & Associates for Talos Energy, the Houston-based…

Exploration in 2020: The Transition is Yet to Start

Jan 10, 2020

The Energy Transition and Extinction Rebellion may have led the energy news agenda and stimulated reflection in many exploration and production (E&P) boardrooms in 2019, but the impact on exploration drilling is not yet apparent. The global high impact well[1] count in 2019 was 91 wells…

Oil, New Investors Keeping FPSO Market Buoyant

Jan 09, 2020

Rising oil prices are bolstering the numbers of floating production systems on-order or in the planning stage, with fresh orders from Northern Europe and Brazil merely adding to a buoyant market, a new report says.In the doldrums just a few years ago…

Gambia Offshore Data Acquisition Gets a Boost

Jan 08, 2020

Gambia’s petroleum sector objective in the National Development Plan (NDP) of 2018-2021 is shaping up even before the year 2020 gains momentum after Australian firm FAR Ltd announced a key offshore data acquisition project in the West African country…

Equinor Targets Zero Emissions by 2050

Jan 06, 2020

Norwegian offshore operator Equinor said Monday it will invest 50 billion kroner ($5.67 billion) over 10 years on a path toward reducing company-wide emissions by 40% through to 2030.Using the EU’s 2005, rather the UN’s 1990 as a benchmark year…

New Year’s Lift for Rig Owners

Jan 02, 2020

Norway’s bevy of oilfield supplier had a terrific day on the stock market Thursday, the first day back from holiday riding a buoyant oil price and news Chinese and Norwegian orders for oilfield items was on-again.Drilling contractor Seadrill led the pack…

Africa Looks Forward to More Productive 2020

Jan 02, 2020

As the New Year kicks off this week, some of Africa’s oil and gas producers are looking forward to fast-tracking approved offshore exploration plans to counter falling production volumes and meet the increasing demand especially for natural…

Comment: Hydrogen—Europe’s Pipe Dream

Dec 30, 2019

Europe — okay, Brussels — is keenly anticipating the day hydrogen begins supplanting the natural as in its pipeline net, as more explosive H could mean energy storage, motive power and, perhaps, heating.It wants more hydrogen from offshore platforms…

In Norway, Balder Signals Party Still On

Dec 26, 2019

Norway at years’ end is marking “50 years of oil” and ushering in decades more oil wealth with the go-ahead of the Balder-Ringhorn life extension project along with dozens of other life-extenders.The North Sea oilfield was the first discovered off Norway in 1967…

Seabed Study Precedes Planned Licensing Round in Nigeria

Dec 25, 2019

As Nigeria looks ahead to a possible oil licensing round in mid-2020, the plan has received a major boost with the launch of the West Africa country’s first ever regional multi-client Multibeam and Seafloor Sampling Study (MB&SS).The data gathering…

Current News

SBM Offshore Hooks ExxonMobil’s Jaguar FPSO Contract

SBM Offshore Hooks ExxonMobil’

BW Offshore Sets Out Plans to Recycle FPSO Petróleo Nautipa

BW Offshore Sets Out Plans to

Japan and US Team Up to Cut Floating Wind Costs

Japan and US Team Up to Cut Fl

Brazil Judge Suspends Petrobras Chair Over Conflict of Interest

Brazil Judge Suspends Petrobra

Subscribe for OE Digital E‑News

Offshore Engineer Magazine