Latest News - page 19

 

TotalEnergies Grows Its Orange Basin Appetite

Nov 26, 2024

TotalEnergies is seeking environmental authorisation to drill up to seven exploration wells in the southern part of its Deep Water Orange Basin (DWOB) block off the west coast of South Africa, documents from environmental consultants SLR showed on Tuesday…

US Oil Focused on Economics, not 'Drill, Baby, Drill' - Exxon Mobil Exec

Nov 26, 2024

U.S. oil and gas producers are unlikely to radically increase production under president-elect Donald Trump as companies remain focused on capital discipline, a senior executive at Exxon Mobil said.'We're not going to see anybody in 'drill, baby…

Woodside Shuts Down Pluto LNG Plant Due to System Fault

Nov 26, 2024

Australia's Woodside Energy shut down its Pluto LNG processing plant on Monday due to a fault in the facility's control system, a company spokesperson said on Tuesday.The spokesperson had said in an earlier statement, also issued on Tuesday…

Canadian Firm Takes Operatorship of South Africa’s Offshore Block

Nov 26, 2024

Canadian oil and gas exploration company Africa Energy has formally become the operator of Block 11B/12B offshore South Africa, following the withdrawal of three partners from the development.Africa Energy assumed operatorship of the block through its investment in Main Street 1549…

Shearwater Geoservices Lands 3D Seismic Job Off India

Nov 26, 2024

Offshore seismic services firm Shearwater Geoservices has secured a contract with the Oil and Natural Gas Corporation Limited (ONGC) for a large 3D seismic survey off the east coast of India.The high-capacity Oceanic Sirius vessel will carry out the survey…

Seatrium and Cochin Shipyard Form Alliance to Deliver India’s Jack-Up Rigs

Nov 26, 2024

Seatrium Letourneau USA and Cochin Shipyard Limited (CSL) have entered into a memorandum of understanding (MoU) to jointly design and supply critical equipment for jack-up rigs for the Indian market.Leveraging CSL’s extensive experience in ship…

ConocoPhillips Wraps Up $22.5B Marathon Oil Acquisition

Nov 26, 2024

U.S. oil and gas company ConocoPhillips has completed the acquisition of Marathon Oil Corporation in a $22.5 billion takeover deal.The $22.5 billion acquisition was first announced in May 2024 as an all-stock transaction, which includes $5.4 billion of Marathon's debt…

Repsol Gets $440K Fine for Halting NEO’s Production at Flyndre Field

Nov 26, 2024

The North Sea Transition Authority (NSTA) has issued its highest-ever fine of $440,000 (£350,000) on Repsol North Sea (RNS) for behavior that led to a shut-in at the Flyndre field and hampered economic recovery of petroleum.The Fulmar facility in the Central North Sea…

Brava Energia Hires Constellation’s Drilling Rig for Work Offshore Brazil

Nov 26, 2024

Offshore drilling contractor Constellation has secured a $130 million contract with Brava Energia for its Lone Star ultra-deepwater semi-submersible rig for work offshore Brazil.The contract is for a firm term of 400 days, with a 60-days priced option which…

Makin' a List ... Trump Prioritizes Energy Exploration, Production, Export

Nov 25, 2024

Donald Trump's transition team is putting together a wide-ranging energy package to roll out within days of his taking office that would approve export permits for new liquefied natural gas (LNG) projects and increase oil drilling off the U…

Ørsted to Shed Part of its UK Wind Farm Stake - Bloomberg News

Nov 25, 2024

Bloomberg News reported Monday that Denmark's Ørsted had begun selling a stake in the largest wind farm planned for the United Kingdom coast. The report was based on people familiar with this matter. Reports added that the Danish utility is looking to sell around 50% of the Hornsea 3 Project…

Uncertainty Surrounds Guyana Gas Development

Nov 25, 2024

Doubts are growing over Guyana's pick of a little-known U.S. startup to craft and develop projects to monetize its vast untapped natural gas resources that could cost up to $30 billion. Year-old Fulcrum LNG faces financing hurdles that could derail its selection…

Using Ocean Robots to Dive into Offshore Wind Farm Wake Effects

Nov 25, 2024

When gazing out to sea from the shoreline from many parts of the UK today you’re increasingly likely to see offshore wind turbines gently turning on the horizon.These giant structures are supplying an increasing amount of the UK’s electricity mix (<20%)…

Mooreast Appoints Ellingsen as CEO

Nov 25, 2024

Mooreast Holdings Ltd. announced today it will appoint Mr Eirik Ellingsen, a Norwegian with deep experience in the offshore and marine sector, as Chief Executive Officer (“CEO”) amid growing adoption of floating wind energy projects worldwide…

Offshore Wind RoRo Vessel Rotra Futura Launched

Nov 25, 2024

A key consideration in planning for the future of offshore wind is designing and delivering the maritime assets that are 'future-proof', able to scale with the growing size of offshore wind pieces and components.A collaboration between Concordia Damen…

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