Offshore Oil & Gas News


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…

Meet ZEUS, a Proposed Zero-emission Power Station

Aug 27, 2024

Aker Solutions, PETRONAS Carigali Sdn. Bhd., MISC Bhd and Clean Energy System Inc, signed a Memorandum of Understanding (MOU), effectively commencing the Zero Emission Power Station (ZEUS) pilot project, an energy solution that uses oxyfuel combustion with immediate CO2 capture and storage…

Norway Eyes Increased Oil and Gas Exploration Through 2050

Aug 21, 2024

According to the Norwegian Offshore Directorate's projected scenarios leading up to 2050, the difference between high and low production of oil and gas can amount to nearly an entire government pension fund.Norway still has extensive oil and gas resources on the Norwegian continental shelf (NCS)…

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