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…
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…
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…
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…
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…
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…
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, 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…
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…
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…
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…
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…
With the oil price tracking a course that’s keeping nearly every oilfield viable, operators in the second half of 2019 are drilling a bevy of exploration and production wells that’s just lifting rig futures.Paradoxically, oil companies drill…
Oil and gas exploration and production company Eco Atlantic appears determined to make a breakthrough in its underexplored Namibian offshore assets after preliminary works in preparation for a deep dive it expects to take in the four offshore permits as early as October next year…
Suppliers of drilling and subsea services and equipment may already be feeling the partial lift offered by West African nation Angola clearing offshore investment bottlenecks.On Monday, Bergen-based subsea cable layer, Oceanteam, announced its vessel…
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