SK Innovation, parent of South Korea's largest oil refiner and battery maker SK On, said on Wednesday it will merge with energy affiliate SK E&S as the nation's No. 2 conglomerate undertakes a major overhaul to boost profitability.The move, which creates a 100 trillion won ($72…
U.S.-based offshore drilling company Diamond Offshore has made progress on the installation of Managed Pressure Drilling (MPD) equipment on its drillships, set for completion by the end of 2024.In early 2024, Diamond Offshore introduced MPD supervisors offshore to optimize operations…
Samsung Heavy Industries has hired French engineering company GTT for tank design of a new floating liquefied natural gas (FLNG) unit as part of $4 billion Cedar LNG project in Canada.As part of the contract with Samsung Heavy Industries, GTT will design the tanks of the FLNG…
China’s state-run China National Offshore Oil Corporation (CNOOC) has informed that its first ultra-deep well in Bohai Bay achieved ‘high yield’, outperforming the targets set earlier.The Bozhong 19-6 condensate gas field D1 well, said to be…
China's state-owned oil and gas firm CNOOC said on Monday it achieved an exploration breakthrough in Bohai Bay, with a discovery well tested to produce about 210 cubic meters of crude oil and nearly 1 million cubic meters of natural gas.The…
Ramco Norway, specialists in the preparation, inspection, surface treatment, and preservation of OCTG (oil country tubular goods), has secured a long-term contract with Equinor, set to bring in $11.2 million (NOK 120 million) annually for the company…
Senegalese President Bassirou Diomaye Faye said on Saturday the West African country planned to renegotiate its oil contracts, saying it could have negotiated better on the contracts.Faye, who defeated the ruling coalition candidate in a landslide election victory in March…
Kuwait Petroleum Corporation (KPC) said on Sunday it had made a 'giant' oil discovery in the Al-Nokhatha field east of the Kuwaiti island of Failaka, with oil reserves estimated at 3.2 billion barrels.KPC's CEO Sheikh Nawaf Saud Nasir Al-Sabah…
Italian offshore energy services firm Saipem has secured work two offshore projects in Saudi Arabia, under the existing long-term contract with Saudi state-owned oil and gas giant Saudi Aramco.Saipem’s scope of work under the first project involves the engineering…
Esgian provides an update on rig activity and discoveries in its Week 28 Rig Analytics Market Roundup.Report SummaryDrilling Activity and DiscoveriesThe Norwegian Ocean Industry Authority (Havtil) has given Equinor consent for exploration drilling in blocks 32/4 and 32/7 in the North Sea…
Shell has replaced liquefied natural gas (LNG) volume it lost after exiting Russia in 2022 with a string of deals that underpin CEO Wael Sawan's bet on growing demand for the fuel as he reduces the focus on renewable energy.The new projects…
China’s state-owned ZPMC Qidong Marine Engineering has launched the bow section of the P-82 floating production storage and offloading (FPSO) unit, being built by Seatrium for Petrobras’ Búzios field offshore Brazil.The bow section of the N1151 (P-82) FPSO…
Petrogas E&P Netherlands, part of Oman-based Petrogas E&P, has achieved first gas production from the field in the Dutch North Sea.Petrogas E&P Netherlands, along with its partners EBN, Rockrose and TAQA Offshore, started producing gas from the first well on the B10 platform on July 6…
Italian offshore energy services firm Saipem has signed a framework agreement with BP for the delivery subsea services at the Shah Deniz and Azeri-Chirag-Gunashli fields, offshore Azerbaijan.The contract with BP was signed by Saipem, in consortium with BOS Shelf and BOS Shelf International FZCO…
An environmental group on Thursday sued the U.S. government over its approach to examining the harm caused by ageing offshore oil and gas infrastructure, citing the risks delayed decommissioning poses to people and the environment.The Center for Biological Diversity filed the lawsuit against the U…