Offshore
News
July 26, 2024
The contracts involve both conventional and in-field processing services for 2D and 3D seismic surveys in countries like Saudi Arabia, Pakistan, Ukraine, the USA, Colombia, and Brazil.
Article
July 2024
During the past 12 months, Guyana and Suriname have started to become a fulcrum of energy development in the Americas. While they are both found in the same region, these two countries still have different oil and gas stories to tell. Major production growth is imminent in Guyana, while Suriname is still a few years away from first oil but with significant future potential from recent discoveries.
News
July 25, 2024
Transocean Ltd. issued a quarterly Fleet Status Report that provides the current status of, and contract information for, the company’s fleet of offshore drilling rigs. The aggregate incremental backlog associated with these fixtures is approximately $656 million.
News
July 24, 2024
TechnipFMC has been awarded a “substantial” contract by Petrobras to supply flexible pipe for the pre-salt fields offshore Brazil. The contract covers the design, engineering, and manufacture of flexible pipe for water injection and gas lift.
News
July 24, 2024
Boasting 18 discoveries in Block 15 alone, ExxonMobil is intensifying its exploration and production activities in the country, aligning with national objectives to maintain production above 1.1 MMbpd through 2027.
News
July 23, 2024
GEPetrol’s transformation into a competitive operator follows a trend of similar NOC restructuring in Africa, all of which have enhanced the competitiveness and capacity of the respective NOCs. These include Angola’s Sonangol, the Nigerian National Petroleum Corporation, Algeria’s Sonatrach, and more.
News
July 23, 2024
Energean plc has taken Final Investment Decision (“FID”) for the Katlan development project offshore Israel. The Katlan area will be developed in a phased approach through a subsea tieback to the existing Energean Power FPSO.
News
July 23, 2024
The well was tested to produce over 6,290 boed, the first well of such productivity in Wushi Sag. The discovery is expected to become a medium-sized oilfield. The total proved oil in-place of Wushi oil fields has exceeded 629 MMboe.
Article
July 2024
By combining RFID technology with premium packer performance and exceptional safety valve reliability, gas-lift wells can be operated with the highest safety standards for the life of the well, in the latest advancements in Annular Safety Valves (ASVs).
News
July 22, 2024
The Kintore-based company’s first ever scope of work in Canada has involved the supply of three subsea battery-powered control systems to maintain integrity of the subsea electrical infrastructure when topside electrical power is unavailable.
News
July 22, 2024
The campaign was conducted by the Petrodec HAEVA rig and has delivered sustained production gains of around +5 MMcfd, in line with expectations. The planned scope was completed ahead of schedule and within budget, confirming the technical and commercial success of the project.
News
July 22, 2024
Valaris Limited has been awarded a multi-year contract with Equinor Energy do Brasil Ltda., a subsidiary of Equinor ASA (“Equinor”), for drillship VALARIS DS-17. The contract relates to work offshore Brazil on Project Raia. Equinor’s project partners are Repsol Sinpoec Brazil (35%) and Petrobras (30%).
News
July 22, 2024
NFE’s proprietary Fast LNG design is the first of its kind, pairing the latest advancements in modular liquefaction technology with jack up rigs or similar offshore infrastructure to enable a faster deployment schedule than traditional liquefaction facilities.
News
July 22, 2024
Recent discoveries in Namibia’s Orange basin suggest it could hold up to 3 Bbpe of oil and 8.7 Tcfg, and the country’s total oil reserves could be nearly equal to Guyana’s at around 11 Bbbl. Excitement around the newly discovered resources is high, and though oil and gas production still lie ahead, Namibia has become a leader in African oil and gas investment.
News
July 21, 2024
Petroleum production in the waters between the UK and Norway peaked some 20 years ago. Yet the offshore industry still supports more than 200,000 jobs and adds billions of pounds to the nation’s GDP, giving it serious economic weight even in its twilight years.
News
July 21, 2024
National Ocean Industries Association (NOIA) President Erik Milito released a statement in response to President Joe Biden's announcement that he will not seek reelection and will instead endorse Vice President Kamala Harris.
News
July 21, 2024
The Ocean BlackRhino was awarded a contract with a minimum duration of 180 days for a total value of approximately $89 million. The contract also includes two additional option periods.
News
July 21, 2024
The upstream assets consist of a portfolio of production and exploration licenses in the DNS comprising 2,415 km2 (approximately 600,000 net acres). The licenses are in shallow water at an average water depth of 34 m, approximately 60 km offshore.
News
July 18, 2024
The partnership will allow for centralized fleet monitoring with real-time vessel tracking and streamlined reporting. The data will then be integrated into Opsealog’s Marinsights platform to deliver insights that will help BOURBON optimize vessels’ operational profiles to reduce fuel consumption and associated GHG emissions, while also helping reduce operating costs.
News
July 18, 2024
The subsea infrastructure will tie back to the Energean Power floating production, storage, and offloading vessel (FPSO), which currently serves the Karish and Karish North developments. TechnipFMC also delivered fully integrated subsea solutions utilizing our iEPCI™ execution model for both of these developments.
News
Namibia to rival Guyana as world’s newest oil and gas hotspot following massive offshore discoveries
July 18, 2024
It’s still early days for Namibia, and none of the discoveries in its waters have yet been declared commercially viable. But TotalEnergies aims to approve its first development at the Venus field later this year, and Chief Executive Officer Patrick Pouyanne has said the African country could one day enjoy a boom like that underway on the other side of the Atlantic in Guyana.
