Offshore
News
May 21, 2024
Saipem has been awarded three new contracts by TotalEnergies EP Angola Block 20, a subsidiary of TotalEnergies, for the Kaminho deepwater project relating to the development of Cameia and Golfinho oil fields, approximately 100 km offshore Angola.
News
May 21, 2024
From 2020 to 2023, Guyana's crude oil production grew by an average of 98,000 bpd annually, making it the third-fastest growing non-OPEC producer. This surge has driven substantial economic growth, with a 62.3% GDP increase in 2022, the highest globally, according to the IMF.
News
May 21, 2024
Using the Dixstone-owned Nuada Self-Elevated Class 82 SD-C jack-up drilling rig, the Moke-East exploration well, located between Lukami and Motoba fields in the DRC coastal basin, encountered a 24 ft net oil-bearing column. The offshore discovery will be tested and the well completed in the coming weeks.
News
May 21, 2024
A new report by Robert Gordon University (RGU) has revealed that the UK will fail to achieve a ‘just and fair’ energy transition by 2030 unless there is urgent alignment across the political spectrum to sustain UK offshore industry jobs, supply chain investments and the economic contribution of the workforce.
News
May 21, 2024
The International Maritime Industries (IMI) already has signed offtake agreements totaling $10 billion over 10 years with partners Aramco and Bahri, for the delivery of 20 rigs and 52 vessels acquiring at least 75% of Bahri commercial vessel needs over the period from the shipyard.
News
May 21, 2024
Evaluation of logging data, sample examination and formation pressure measurements confirm approximately 24 m of pay in an overall hydrocarbon column of 37 me. Notably, the hydrocarbon column extends across the boundary between the Gamba and the underlying Dentale formation.
News
May 21, 2024
Based on Galp’s recent “in place” estimates for 10 Bboe in the Mopane complex, the entire discovery could be worth around $20 billion, or potentially more, some of the people said. The Portuguese firm said in an April filing that the oil estimate is before drilling additional exploration and appraisal wells.
News
May 21, 2024
Designed to minimize greenhouse gas (GHG) emissions and eliminate routine flaring, this FPSO is all-electric, and associated gas will be fully reinjected into the reservoirs. Production start-up is expected in 2028, with a plateau of 70,000 bopd.
News
May 20, 2024
OSSO worked in partnership with another contractor to mitigate the need for 4,340 m3 of crude oil sludge to be tankered to incineration, achieve a cost saving exceeding seven figures and recover 1,280 m3 of usable oil.
News
May 20, 2024
Proven and probable reserves in the Belinda field are estimated at about 5 MMbbl of oil equivalent (80% oil). Production is scheduled to commence in 1Q2026 following the tie-back work to the Triton FPSO.
News
May 20, 2024
The contract covers crew change and transportation services from the Deepsea Yantai Rig to Shell’s Sola and Bergen bases. CHC will utilize an S-92 aircraft to support the rig.
News
May 19, 2024
Seatrium’s scope of work includes the fabrication of several topsides modules, riser, mooring and umbilical structures, followed by the installation and integration of these structures and all topside modules for the FPSO Jaguar.
News
May 19, 2024
Saipem’s scope of work entails the engineering, fabrication, transportation and installation of approximately 60 km of rigid pipelines and of the subsea facilities at a depth of around 1,100 m, and the transportation and installation of flexible flowlines, jumpers and 17 km of umbilicals.
News
May 19, 2024
Petroliam Nasional Bhd.’s discovery in the Roystonea and Fusaea blocks are approaching 400 MMbbl, WoodMac analysts said in a report Thursday. The finds could supply a floating production, storage and offloading vessel with about 100,000 bpd of oil-processing capacity, opening up the country to its first sanctioned development.
News
May 16, 2024
PETRONAS, Malaysia's state-owned oil and gas company, has secured a 20-year extension for the Ketapang Contract Area located in the Java Sea.
News
May 16, 2024
Under this arrangement, Equinor will boost its ownership in the Heidrun field and Noatun discovery, while scaling back its stakes in the Tyrihans and Castberg fields, along with the Carmen and Beta discoveries.
News
May 16, 2024
AquaTerra Group has announced four significant decommissioning contract wins totaling a seven-figure sum. These latest projects represent a notable increase in AquaTerra’s roster of decommissioning projects between 2023 and 2025.
News
May 15, 2024
Kent's responsibilities under this contract include the complete FEED design for the pipeline, tie-in spools, retrofit risers, and subsea power & fiber optics cable.
News
May 15, 2024
Further evaluation is being undertaken to determine the full extent of this offshore discovery and its potential for an integrated development with the recent Roystonea-1 and Sloanea-1 discoveries.
News
May 15, 2024
The offshore discovery was made in the Kizomba B development area in Block 15. Drilling took place between February and April 2024, in water depths of 1,200 m. The well encountered reservoirs of Miocene age, and reached a final depth of 3,013 m.
Article
April 2024
Late-life management of oil and gas assets is a careful balancing act where operators weigh many evolving factors, all while tracking cessation of production and potential options that follow. Mistakes can be costly and developing a tailored asset management strategy is crucial to avoid wasting resources and ensure that assets are maximized.
