News
September 25, 2023
Ted Howell served as President and CEO of then Noia (now Energy NL) from 2006 to 2007. Ted remained connected to the offshore oil and gas industry throughout his career, which included working within the energy and financial sectors.
Article
September 2023
The extension of the operational lives of deepwater SCRs offers significant benefits in terms of increased production, cost-effectiveness and alignment with ESG principles.
News
September 25, 2023
Chappal Energies Mauritius Ltd. has emerged as the favored buyer of Equinor’s interest in the Agbami field, which is operated by Chevron Corp. and produces about 100,000 boed, the people said.
News
September 25, 2023
The agreement with the Alliance, which comprises Subsea7 and OneSubsea, an SLB company, will combine the three companies’ skills, knowledge and experience across a global portfolio of projects
News
September 25, 2023
The plan marks a departure from the UK North Sea. The retreat comes as production from the aging basin dwindles and operators there see profits eroded by the government’s 2022 windfall tax.
News
September 22, 2023
“We are pleased that the court has hit the brakes on the Biden Administration’s ill-conceived effort to restrict American development of reliable, lower-carbon energy in the Gulf of Mexico," said API's Senior Vice President and General Counsel Ryan Meyers.
News
September 22, 2023
The Interior Department’s Bureau of Ocean Energy Management “failed to justify its pivot,” U.S. District Judge James Cain wrote in a 30-page ruling late Thursday.
News
September 22, 2023
The GLA is made up of the Laggan, Tormore, Edradour and Glenlivet gas fields, as well as the undeveloped Glendronach site. Production is forecast at less than 25,000 boed this year, according to a presentation by Kistos from 2022.
Article
September 2023
An open collaboration and digitalization initiative is working to optimize FPSO production throughput and ensure equipment uptime, while reducing carbon footprint at scale.
News
September 21, 2023
The assets include 30,646 gross acres and are currently producing approximately 2,400 boed, of which 42% is oil. Estimated proved reserves for the eight properties totaled 3.2 MMboe (49% oil), of which 100% are proved developed.
News
September 21, 2023
The concession is located approximately 200 km from Rio de Janeiro, in water depths up to 2900 m. It contains natural gas and oil/condensate recoverable volumes of above 1 Bboe. Lead Image: Copyright, Equinor
News
September 20, 2023
The CO2 capture solution will apply MHI’s proprietary “Advanced KM CDR ProcessTM” technology, jointly developed with The Kansai Electric Power Co., Inc. The technology enables significant greenhouse gas emissions reductions from FPSOs by capturing CO2 from onboard gas turbines.
News
September 20, 2023
Akselos' digital twin RB-FEA technology is 1000x faster than legacy simulation solutions and allows for limitless scale and accuracy. This will enable the Enauta team to fully integrate the engineering real-time simulation into a real operational life environment.
News
September 20, 2023
While much of the focus remains on consumer measures, the leading representative body for the sector, Offshore Energies UK (OEUK), said an enduring consensus is needed across parties if it is to unlock $213.22 billion of company investment in oil, gas, wind, hydrogen and carbon capture over the next decade.
News
September 20, 2023
Johan Castberg is a subsea field with 30 wells distributed on 10 templates and two satellites tied back to a floating production, storage and offloading vessel (FPSO).
News
September 19, 2023
Arena was the successful high bidder on seven leases in Lease Sale 259 held on held May 29, 2023. These leases—totaling 34,965 acres—range in water depth from 62 to 217 ft in the Gulf of Mexico, off the coasts of Texas and Louisiana in the Eugene Island, Main Pass, and Matagorda Island areas.
News
September 19, 2023
Preliminary evaluation of the discovery indicates gross recoverable resources in the range of 25-130 MMboe on a P90-P10 basis, with a mean of 70 MMboe, in a Jurassic reservoir zone with high quality sandstones.
News
September 18, 2023
World Oil visited with Balmoral’s Group Public Relations Manager Steve Gibb at Offshore Europe, just as he was wrapping up his career with the company.
News
September 18, 2023
Abo FPSO has now reached a commendable milestone, having completed two decades of service in the Abo field. This achievement underscores its enduring contribution to the oil and gas industry in Nigeria.
News
September 15, 2023
The Technical Services Agreement covers the development of Block 2/5, and will involve the development of engineering wells and end-to-end technological complimentary services.
News
September 15, 2023
Recoverable reserves in the field are estimated at 27.6 MMboe, most of which is natural gas. The Eirin field, which was discovered in 1978, will be developed as a subsea facility tied to the Gina Krog platform in the North Sea.
