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(YP) After a series of dry wells were drilled in the Guyana-Suriname Basin from the 1960s through to the 1980s, offshore Guyana and Suriname were ignored by global energy companies. Interest was reignited by ExxonMobil’s discovery of the Liza oilfield in the 6.6-million-acre Stabroek Block offshore Guyana in 2015. That was followed by a swathe of... Continue Reading →
The availability of emission-lowering upgrades for offshore rigs has been on the rise, but adoption of these new technologies is slow outside of Norway and the US Gulf of Mexico due to limited regulatory and financial incentives, energy intelligence group Westwood has found. According to Westwood the biggest users of rigs fitted with emission reduction... Continue Reading →
Italian energy industry services firm Saipem said Wednesday it had secured new offshore drilling contracts, three in the Middle East and two in West Africa, worth around $800 million in total. In the Middle East, two new contracts have been awarded for two high-specification jack-up drilling units, the Perro Negro 12 and Perro Negro 13,... Continue Reading →
(OE) The Italian oil and gas company Eni, the operator of the the Coral South project offshore Mozambique, said Monday that the first shipment of LNG produced from the Coral gas field, in the ultra-deep waters of the Rovuma Basin, had departed from the Coral Sul FLNG facility. The Coral Sul is Mozambique's first LNG project... Continue Reading →
(Reuters) - Russian state energy company Rosneft (ROSN.MM) said on Monday it plans to pay a dividend on its nine-month results, the first such payment in its history, which is expected to total 216 billion roubles ($3.6 billion) and to boost the nation's budget. The importance of dividends by state companies, including Rosneft and Gazprom (GAZP.MM), as a... Continue Reading →
Following a temporary interruption of production, Brazil’s oil and gas player Enauta has restarted production from a well located on a field offshore Brazil. Earlier this month, Enauta announced a temporary interruption of production at a well on the Atlanta field, explaining that the initial assessment indicates that “this is an operational problem on the surface.” Due to... Continue Reading →
(Reuters) - Mexican state oil company Pemex said Saturday that it would work with the U.S. Environmental Protection Agency (EPA) to reduce greenhouse gas emissions - especially methane - to meet ambitious international commitments. Methane emissions have emerged as a top threat to the global climate, with scientists and policymakers around the world calling for aggressive... Continue Reading →
Oil major Shell has partnered with Kongsberg Ferrotech in a project that is developing tools to repair subsea assets using 3D printing technology. "Since 2021, Kongsberg Ferrotech has worked in a joint industry project with the partners Equinor, Gassco and SINTEF to develop and test advanced 3D printing technologies for in situ, metal to metal,... Continue Reading →
Dutch FPSO systems provider SBM Offshore said Thursday it had signed a memorandum of understanding with ExxonMobil for the supply of another FPSO in Guyana. "The company recently placed an order for a seventh Fast4Ward MPF hull. The construction of this hull is expected to start in the first quarter of 2023. An MoU was... Continue Reading →
U.S. oil company ConocoPhillips and China's CNOOC have recently announced the start of the Penglai offshore wind farm pilot project, aimed at harnessing wind power to supply power to the Penglai oil field. This is China’s largest offshore oil and gas production base under production sharing contract, located in Bohai Bay, Northeast China. Bill Arnold,... Continue Reading →
