Offshore
News
August 20, 2024
TotalEnergies CEO Patrick Pouyanne — whose company, alongside APA Corporation, is moving to develop deepwater drilling sites that hold close to 700 MMbbl of oil — said Suriname will make a “significant” contribution to the group’s cash flows as oil revenues start flowing in 2028.
News
August 20, 2024
The agreement is targeting at least 5 MMtpa of CO2 capture and storage capacity by 2030. Its scope includes a CO2 shipping and logistics study, geophysical and geomechanical modelling, reservoir simulation and containment research while exploring the application of advanced technologies, including artificial intelligence (AI), to enhance storage capacity.
News
August 20, 2024
Arbol Grande is a construction and subsea vessel, delivered in 2003 with specifications tailor made for the Mexican market. The vessel has been used as an accommodation and topside maintenance support vessel for several IMR contracts involving saturation- and air diving, as well as other light construction support operations.
News
August 20, 2024
OceanMight announced the sail-away of three topsides and three substructures for the MLNG FaS project. The development includes the F22,F27, and Selasih gas fields offshore Malaysia.
News
August 20, 2024
The platform is the heaviest and most powerful China-made international offshore oil and gas platform in Qingdao, Shandong.
News
August 19, 2024
The first three of the seven Nong Yao C development wells were opened up for oil production on Aug. 15, 2024, with additional wells to be brought online successively thereafter. Valeura intends to sustain Nong Yao production rates at approximately 11,000 bpd for the remainder of the year 2024.
News
August 19, 2024
This digital twin can increase production by roughly 1%. After two years of tests, the technology developed by the Brazilian company ESSS, based in Florianópolis (Santa Catarina), was validated and is ready for use.
News
August 19, 2024
Staatsolie believes that Block 59 has “enormous investment and risk” opportunities, as the area sits in close-proximity to other highly-anticipated deepwater finds and in part of the greater Guyana-Surniame basin. The offshore region is quickly becoming the most-watched oil and gas development, as it boasts billions of barrels of recoverable resources.
News
August 19, 2024
The Scarborough Energy Project has all primary environmental approvals in place, and offshore work is progressing well. The Federal Court proceedings sought an injunction to stop offshore activities for the Scarborough Energy Project. The parties have agreed to seek orders from the Court to dismiss the proceedings.
News
August 19, 2024
Argo Cassiopea plays a central role in Eni's strategy to increase the use of domestic natural gas for energy security and as a low-emission source. Argo Cassiopea's reserves are estimated at around 10 Bcmg, with peak annual production expected to 1.5 Bcmg.
News
Turkey to begin oil and gas exploration campaign offshore Somalia in broader African energy strategy
August 16, 2024
Turkey, seeking to extend its influence in Africa and strengthen energy security, will send the 86 m long research vessel Oruc Reis to explore offshore oil and gas blocks belonging to Somalia next month.
News
August 16, 2024
Subsea7 has secured a contract in the U.S. Gulf of Mexico for an offshore project involving the installation of critical subsea infrastructure.
News
August 15, 2024
Offshore oil contractor Borr Drilling Ltd. expects almost a third of the world’s fleet of shallow-water rigs to be retired in the coming years because of their age, leading to higher daily leasing rates.
News
August 15, 2024
Avance Gas holding Ltd., whose largest shareholder is Norwegian shipping billionaire John Fredriksen, said it has agreed to sell its entire fleet of very large gas carrying ships to BW LPG Ltd.
News
August 15, 2024
TDI-Brooks has successfully completed a geotechnical coring project for Geohidra in the Southern Gulf of Mexico. The operation, conducted aboard the MV Laguna Azule, involved thirty-two cone penetration tests using the Neptune 3000 system.
News
August 15, 2024
Seatrium Limited has successfully delivered its fourth jackup rig, named "Vali," to Borr Drilling, about a year ahead of the planned delivery date. The project was completed on an accelerated schedule, highlighting Seatrium's ability to execute major projects efficiently and on budget.
News
August 14, 2024
Shell has approved a final investment decision for a waterflood project at its Vito asset in the Gulf of Mexico. The project involves injecting water into the reservoir to increase oil extraction and is set to begin in 2027.
News
August 14, 2024
Petroleos Mexicanos has reached a deal with an oilfield-services provider to drill in the Gulf of Mexico as the heavily indebted state energy company turns to the private sector to boost crude production.
News
August 14, 2024
Germany will scrutinize an application to drill for natural gas at a protected marine site after explorer One-Dyas BV cleared a key hurdle with local authorities.
News
August 13, 2024
The newly named Seatrium New Energy Laboratory will continue to drive innovation, focusing on addressing challenges related to new energies, offshore renewables, marine decarbonization, and digitalization within the Offshore & Marine (O&M) industry.
News
August 13, 2024
The subsea market segment, which includes players involved in production and processing systems such as subsea umbilical risers and flowlines (SURF), trees, wellheads, manifolds and other components, is poised to experience a significant influx of capital, according to Rystad Energy.
