Offshore
News
May 02, 2024
(WO) — The agreement provides a contractual framework for earlier and closer engagement throughout the project cycle to unlock more value from complex projects, and work commences immediately with maturation of the subsea scope for the Wisting and Bay Du Nord projects off Newfoundland and Labrador, Canada.
News
May 01, 2024
The two leaders discussed a shared fast-track approach that allows the appraisal well to be drilled while evaluating multiple development scenarios.
News
May 01, 2024
The sole criterion for selecting a winning bid will be the total amount of money the bidder commits to spend on exploration of the parcel during Period I (the first six years of a nine-year license). The minimum bid for the parcels offered is $10,000,000 in work commitments.
News
May 01, 2024
The 23-month contract, part of the Elgin-Franklin Flare Gas Recovery System Project, will redirect gas that would have previously been flared through a new compressor system offshore to be treated and then reused.
News
April 30, 2024
Filipe Silva, CEO of Galp, said, “We have encountered significant light oil columns in high quality reservoir conditions, placing Mopane as a potential major commercial discovery. This should support the growth profile of Galp for the next decades to come, as we gradually lower the carbon intensity of our downstream businesses."
News
April 30, 2024
Petrobras' average production of oil, NGL, and natural gas in Q1 2024 reached 2.8 MMboed, an increase of 3.7% compared to last year. The evolution of production (ramp-ups) of the FPSOs Almirante Barroso, P-71, Anna Nery, Anita Garibaldi, and Sepetiba are responsible for the increase, as well as beginning production from 19 new wells from complementary projects in the Campos and Santos basins offshore Brazil.
News
April 30, 2024
The proceeds will be used to finance BW Energy’s growth strategy, including the continuing development projects in Gabon.
News
April 30, 2024
Chevron will take an 80% operating working interest in an offshore block in Namibia’s Walvis basin, a promising new frontier that could yield massive amounts of undiscovered resources.
News
Norway to extend life of mature Brage oil and gas field in North Sea with new Bestla offshore tie-in
April 30, 2024
The offshore oil and gas field is estimated to hold about 24 MMboe and will be tied back to the Brage platform, which started production in 1993.
News
April 29, 2024
Chevron Corp. expects a resolution to a dispute with Exxon Mobil Corp. over a Guyana oil contract in coming months that would allow for the completion of the $53 billion acquisition of Hess Corp. this year.
News
April 29, 2024
The Bunga Aster-1 well encountered approximately 17.5 m of oil-bearing sandstone with up to 46 m of potential oil column. Initial assessments indicate good reservoir characteristics.
News
April 29, 2024
Currently, the duration of the testing program and commissioning plan for driving the ramp-up to 8.1 MMcmgd is expected to be prolonged by at least 1 month.
News
April 26, 2024
erenco Brazil will implement an ambitious redevelopment plan to revitalize the assets, restart production to a target rate of 10,000-15,000 bopd and unlock over 50 MMstb of reserves.
News
April 26, 2024
In the past two years, TotalEnergies, Shell Plc and Galp Energia SGPS SA have made finds off the southwest coast of Africa that turned sparsely populated Namibia into a hotspot for exploration. While no field has yet been given the green light for development, hopes are high in the country that an economic boom similar to that seen in Guyana could be on the cards.
News
April 26, 2024
The new fields, Tomoporo and La Ceiba, contain more than 5 Bbbl of oil and are part of a venture in which Repsol holds a 40% stake and PDVSA holds the remainder.
News
April 25, 2024
PBS has secured an extension to its General Maintenance and Operations Contract (GMOC) awarded by TotalEnergies in 2020 to cover its offshore assets in the North Sea.
News
April 25, 2024
Hess’ E&P net income was $997 million in Q1 2024, compared with $405 million in Q1 2023. Net production was 476,000 boed in Q1 2024, compared with 374,000 boed in the Q1 2023, primarily due to higher production in Guyana and the Bakken.
News
Sintana Energy expands exploration efforts offshore Namibia following recent oil and gas discoveries
April 25, 2024
PEL 79 presents a unique opportunity to expand Sintana’s exposure to Namibia’s Orange basin, as it’s one of the last remaining licenses not operated by a private operator.
News
April 24, 2024
"Any actions to delay or reduce Gulf of Mexico oil and gas lease sales could inadvertently delay offshore wind lease sales," said the National Ocean Industries Association (NOIA) President Erik Milito.
News
April 24, 2024
Upon completion of the transactions, Trident Energy will hold an 85% working interest in the Nkossa and Nsoko II fields, a 15.75% working interest in the Lianzi field, and will take over the operation of these fields. Trident Energy will also retain a 21.5% working interest in the Moho–Bilondo field.
News
April 24, 2024
Rhino Resources holds operatorship of Block 2914A (PEL 85). This block in the Orange basin boasts significant potential. It is strategically located less than 20km from the nearest discovery and amidst multiple Namibian discoveries made over the last two years. The block’s proximity to other international operators further underscores its strategic relevance.
