IEA: Oil Supply Set to Top Demand

(OE) A surge in COVID-19 cases and the emergence of the Omicron variant will dent global demand for oil, the International Energy Agency (IEA) said on Tuesday, but the broader picture is one of increasing output set to top demand this month and soar next year. "The surge in new COVID-19 cases is expected to... Continue Reading →

ABS Floating Production Life Extension Guide

American Bureau of Shipping has further developed its approach to aging offshore assets with the publication of the Guide for Life Extension of Floating Production Installations. ABS said that the guidance supported operators looking to extend the operational life of a floating production installation (FPI) by outlining clear Class requirements with a focus on safety.  It... Continue Reading →

Shell spuds Namibian wildcat

Oil major Shell has started drilling an exploration well in the Orange Basin offshore Namibia using a Valaris-owned drillship. The Graff-1 well is located in Block 2913A in the Orange Basin where Shell is the operator and its partners are QatarEnergy and the national oil company of Namibia, Namcor. QatarEnergy became Shell’s partner in two exploration... Continue Reading →

Fugro’s Atlantis Dweller ready for TotalEnergies Angola gig

Fugro’s DP2 multipurpose vessel Atlantis Dweller has arrived in Luanda, the capital of Angola, ahead of an offshore survey that it will conduct for French energy major TotalEnergies. The 69.2-meter long vessel will be monitoring environmental conditions at multiple blocks off the coast of Angola to support infrastructure planning, environmental protection and resource management Fugro also recently... Continue Reading →

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