Offshore News, Offshore Engineer Magazine - Page 15

 

Expectations High off Equatorial Guinea

Apr 04, 2019

Equatorial Guinea, one of Africa's top natural gas producers, is struggling with the reality of dwindling oil and gas resources and the hurdle of attracting financing for the monetization of the current output from its offshore fields.The country…

Brazil Seeks Expanded Pre-salt Exploration

Apr 03, 2019

Based on geological studies that point to great potential for ultra-deepwater pre-salt oil reserves beyond its exclusive economic zone (EEZ), the Brazilian government is considering offering for the first-time exploratory blocks beyond the limits…

MHI Turbine Win Starts Rovuma LNG Surge

Apr 01, 2019

A 10-year build-up of supermajor, offshore-heavyweight and expert onshore hydrocarbon players in Tanzania and Mozambique’s Rovuma Basin is starting to produce a trickle of large supplier orders that’s expected to become a torrent, as liquefied natural gas (LNG) trains line up…

Subsea Tiebacks Go the Distance

Mar 29, 2019

While the blue economy and renewables loomed large on today’s agenda at the Offshore Mediterranean Conference (OMC) in Ravenna, Italy, moves toward extending exploration into underexplored Greece, as well as technologies to enable more fields to be produced as subsea tiebacks…

Decarbonization on the Agenda

Mar 28, 2019

Offshore oil and gas operators are grappling with how to make their operations and even companies greener, Offshore Mediterranean Conference (OMC) in Ravenna, Italy, has been hearing.From using renewable energies to power remote fields and even subsea robots…

Sonangol Gets Ready to Compete

Mar 28, 2019

Angola's national oil company Sonangol has recently taken possession of the first of its two drillships built by a Korean shipyard firm, signaling the start of the implementation of its regeneration program that include investment in deep and ultra deep water drilling and offshore marginal areas…

Mediterranean Gas Galore, Challenges Aplenty

Mar 27, 2019

Gas resources abound in the Mediterranean but the challenges facing their monetization were highlighted at the opening plenary session of Offshore Mediterranean Conference (OMC) in Ravenna, Italy, this morning.On the one hand, gas exploration…

Wintershall Hopes to Free Stuck Norway Reserves

Mar 25, 2019

Plan to double Norwegian fortunes held up by field fix, remedial drilling campaignGerman offshore player Wintershall spent this week affirming plans to spend $2.23 billion offshore Norway toward doubling production, as Continental Europe’s “largest…

Decommissioning Activity High

Mar 22, 2019

The offshore oil and gas industry has dedicated significant efforts to decommissioning platforms in the US Gulf of Mexico in the last five years.According to Bureau of Safety and Environmental Enforcement (BSEE) Director Scott Angelle, over the last five years…

Nigeria Aims to Cut National Oil Company Shareholding

Mar 22, 2019

The planned restructuring of Nigeria National Petroleum Corporation (NNPC) joint operating agreements with multinational oil companies could help not only in raising substantial financial gains to support the country's national budget but also…

Brazil OSV Update

Mar 21, 2019

The offshore support vessel (OSV) fleet in Brazilian waters closed January with 367 vessels, of which 328 were Brazilian flagged and 39 were foreign flagged. The quantity remained nearly stable in relation to December 2018, when 363 vessels…

Shelf Drilling Stands Tall in Shallow Water

Mar 18, 2019

In a sign that national oil companies aren’t giving up their nation-building efforts anytime soon, the near-shore, jack-up rig market is experiencing a swell of business that’s lifting fortunes and impressing seasoned rig hands.The global number…

Digitization. Digitalization. Digital transformation.

Mar 15, 2019

Digitization. Digitalization. Digital transformation.As far as Ross Philo, Energistics president and CEO, is concerned, these terms mean much more than simply acquiring more data.Digital transformation is “how do I change my business processes…

Eni, Qatar Petroleum Extend Partnership

Mar 14, 2019

The signing of an acquisition agreement between Italian oil giant Eni and Qatar Petroleum for an offshore asset in Morocco this week has not only reinforced the business partnership of these two oil exploration and production companies but could…

Petrobras Concentrates Its Efforts

Mar 14, 2019

As the world's top oil companies diversify and expand their presence in the petrochemicals and renewables segments, Petrobras is craving to be a less verticalized company.As partner to the Brazilian government in one of the industry's most coveted…

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