Climate policies should focus on demand as falling costs make new oil cheaper...
An analysis of the annual cost of supply by Rystad Energy has revealed that costs within the upstream sector have come down considerably in 2021. The post Climate policies should focus on demand as...
View ArticleSturgeon comes out against Cambo oil project as Scotland mulls joining...
Scotland’s First Minister, Nicola Sturgeon, has expressed her belief that the Cambo oil project off Shetland should not get the green light. The post Sturgeon comes out against Cambo oil project as...
View ArticleADNOC hands out $1.5 billion in new deals to progress mega gas project
ADNOC has awarded two engineering, procurement, and construction (contracts totalling $1.46 billion for the Dalma Gas Development Project. The post ADNOC hands out $1.5 billion in new deals to progress...
View ArticleWith Chapter 11 emergence in sight, Seadrill reveals new board members
Seadrill Limited has revealed its new board structure as the company is preparing to emerge from the Chapter 11 bankruptcy. The post With Chapter 11 emergence in sight, Seadrill reveals new board...
View ArticleAker Solutions’ subsea production system for Mero 4
Aker Solutions has secured a contract with Petrobras to provide a subsea production system and related services for the Mero 4 project offshore Brazil. The post Aker Solutions’ subsea production system...
View ArticleFirst Gulf of Mexico lease sale under Biden gathers over $191 million in high...
The U.S. government agency BOEM has held an oil and gas lease sale for acreage in the Gulf of Mexico, cashing in more than $191 million in high bids. The post First Gulf of Mexico lease sale under...
View ArticleFresh deal with Dana to create new jobs at PD&MS in Aberdeen
PD&MS Group has secured a modifications contract with Dana Petroleum, which is expected to create up to 80 jobs at its Aberdeen base. The post Fresh deal with Dana to create new jobs at PD&MS...
View ArticleGate Energy targets Latin American market with new office in Mexico
Gate Energy has expanded its global footprint with a new office in Mexico City, hoping to use it as a springboard to increase its customer base by providing services for the onshore and offshore...
View ArticleMcDermott lands another Ichthys contract
McDermott has won an EPC project after completing FEED services for a booster compression module for Inpex's Ichthys LNG project. The post McDermott lands another Ichthys contract appeared first on...
View ArticleExxonMobil takes Stena drillship for Canadian well
Offshore drilling contractor Stena Drilling has signed a contract for one of its drillships with ExxonMobil in Canada. The post ExxonMobil takes Stena drillship for Canadian well appeared first on...
View ArticleTurkey now boasts a fleet of four rigs as ex-Vantage drillship finally finds...
Turkey’s oil and gas giant TPAO has added another deepwater drillship to its fleet of drilling rigs, which are working in the Black Sea. The post Turkey now boasts a fleet of four rigs as ex-Vantage...
View ArticleTanjung Offshore scores Malaysian deals with Petronas and PTTEP
Tanjung Offshore has received letters of award worth around $36 million in total from Petronas and PTTEP for work in Malaysia. The post Tanjung Offshore scores Malaysian deals with Petronas and PTTEP...
View ArticleTechnipFMC and Petronas team up in pursuit to cut emissions
TechnipFMC and Petronas entered into an agreement to commercialise a natural gas processing membrane that reduces greenhouse gas emissions. The post TechnipFMC and Petronas team up in pursuit to cut...
View ArticleIthaca Energy hires Solstad vessel for North Sea ops
Norwegian offshore vessel owner Solstad Offshore has inked a contract for one of its vessels with Ithaca Energy for operations in the North Sea. The post Ithaca Energy hires Solstad vessel for North...
View ArticleAllseas on pipeline replacement duty off Brunei
Allseas is currently carrying out a pipeline replacement project at the Champion field in the South China Sea off the coast of Brunei. The post Allseas on pipeline replacement duty off Brunei appeared...
View ArticlePetrobras discovers hydrocarbons in latest Santos Basin well
Brazilian Petrobras has identified the presence of hydrocarbons in the Santos Basin pre-salt, in a pioneer well in the Aram block. The post Petrobras discovers hydrocarbons in latest Santos Basin well...
View ArticleNorway’s October oil output rises above predictions
Norway’s oil production in October 2021 exceeded the NPD’s predictions by 2.8 per cent, while the gas output also experienced a boost compared to September. The post Norway’s October oil output rises...
View ArticleHelix joins Tui decommissioning project
Helix Offshore Services has secured a contract with the New Zealand Ministry of Business, Innovation and Employment (MBIE) for the third phase of Tui oil field decommissioning. The post Helix joins Tui...
View ArticleMaersk drillship gearing up for Namibian ultra-deepwater well
French energy major TotalEnergies is preparing to drill a wildcat well in waters offshore Namibia, using a Maersk Drilling-owned drillship. The post Maersk drillship gearing up for Namibian...
View ArticleIn focus: Post-COP26, offshore energy sector using every lever to support...
As the dust is settling in the aftermath of COP26, new developments in the offshore energy sector are laying the grounds for the net-zero future. The post In focus: Post-COP26, offshore energy sector...
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