%22Shah Deniz%22 News

Update: UK North Sea Oil Worker Goes Missing from Drilling Rig, Search Stood Down

Jan 23, 2023

An offshore oil worker went missing from a drilling rig in the UK North Sea, 100 miles southeast of the Aberdeen coast, on Sunday.The BBC reported Monday that a search and rescue operation had been launched after an alarm was raised at around 9 p…

Capricorn Energy Chair, CEO Step Down from Board

Jan 24, 2023

Capricorn Energy said on Tuesday that Nicoletta Giadrossi has stepped down from the board as chairperson with immediate effect, along with Chief Executive Officer Simon Thomson and three other directors. The British oil and gas producer said James Smith will remain the chief financial officer…

Santos Faces New Delay on Barossa Gas Pipeline Due to Heritage Assessment

Jan 24, 2023

Santos Ltd faces a new delay in developing the Barossa gas project off northern Australia after a regulator ordered it to evaluate environmental risks to underwater indigenous cultural heritage before starting pipeline construction.The Jan. 13 notice…

Eni CEO Descalzi Set for Record for Fourth Term

Jan 23, 2023

The chief executive of Italy's Eni Claudio Descalzi is on course to secure Prime Minister Giorgia Meloni's backing for an unprecedented fourth term at the top energy group, sources told Reuters.Another three years in office would make Descalzi…

Oilfield Giant SLB Beats Wall St. Q4 Estimates

Jan 20, 2023

Top oilfield services firm SLB on Friday reported results that topped Wall Street estimates for fourth-quarter profit on strong global demand for its drilling services and equipment.Formerly called Schlumberger, SLB has benefited from increased…

Gusting Forward: U.S. Gov't to Simplify Offshore Wind Rules to Meet Climate Goals

Jan 13, 2023

The U.S. Department of the Interior will reform its regulations for the development of wind energy facilities on the country's outer continental shelf to help meet crucial climate goals, it said in a statement on Thursday.The proposed rule changes…

Transocean Looking to Raise $500M via Senior Secured Notes Offering

Jan 09, 2023

Offshore drilling company Transocean is looking to raise $500 million through a private offering of senior secured notes due in 2028. The offshore drilling contractor said Monday that its subsidiary, Transocean Titan Financing Limited (“Transocean Titan”)…

RWE Selects Siemens Gamesa's Giant Wind Turbines for Denmark's Largest Offshore Wind Farm

Jan 12, 2023

German offshore wind farm developer RWE has selected Siemens Gamesa's SG 14-236 DD offshore wind turbines, of almost 15 MW each, for its Thor wind farm in the Danish North Sea. With its 1GW capacity, Thor will be Denmark's largest offshore wind farm once completed…

North Sea Crude: Forties Unchanged as Mercuria Offers Cargoes

Jan 04, 2023

North Sea Forties crude oil differentials were unchanged on Wednesday as Mercuria offered cargoes while BP withdrew one, all above Forties' current assessed value.Platts windowIndications are on a free-on-board (FOB) basis unless marked as cost…

Norway Opens North Sea Area for CO2 Storage Applications

Jan 11, 2023

Norway on Wednesday announced an area in the North Sea for applications related to the injection and storage of CO2 on the Norwegian continental shelf.Minister of Petroleum and Energy Terje Aasland said there was a great interest from companies…

Europa Hires Advisor for Inishkea Gas Prospect Farm-out

Jan 11, 2023

Europa Oil & Gas, a company that owns an offshore block in Ireland containing what it says is the 'significant' Inishkea gas prospect, has hired advisors to help it find a partner to drill at the prospect.Europa has engaged Llamas and Bannister…

German 2022 Gas Imports Fell 12.3%. Norway Helped Replace Russia

Jan 11, 2023

Germany imported 12.3% less natural gas in 2022 than the previous year, at 1,449 terawatt hours (TWh), as the withdrawal of Russian export supplies of fossil fuels triggered an energy crisis, the country's energy regulator said on Friday. Norway took over from Russia as the number one supplier…

Polish Firm Books Chinese Offshore Rig for Norwegian Sea Drilling

Jan 05, 2023

The Norwegian offshore drilling company Odfjell Drilling has, on behalf of the China-based rig owner CIMC Offshore, signed a contract with the Polish oil firm PGNiG for the Deepsea Yantai offshore drilling rig.PGNiG will use the semi-submersible drilling rig to drill one firm well…

Transocean Lands $488M in Contracts for Five Offshore Drilling Rigs

Jan 05, 2023

Offshore drilling company Transocean has secured contracts and extensions worth $488 million in total for five offshore drilling rigs.In the U.S. Gulf of Mexico, the ultra-deepwater drillship Deepwater Invictus has won a 100-day, three-well contract with an unnamed independent operator…

TotalEnergies Hits Hydrocarbons at North Sea Appraisal Well

Jan 04, 2023

TotalEnergies encountered hydrocarbons upon entering the reservoir during recent appraisal drilling at the Isabella discovery in the UK North Sea, about 270 km southeast of Aberdeen.This was shared by Ithaca Energy, TotalEnergies' partner in the Isabella discovery (P1820) in Block 30/12d-12…

Current News

Petrobras and Staatsolie Strengthen Energy Collaboration

Petrobras and Staatsolie Stren

PRIO Buys Peregrino Oil Field Stake in $1.92B Deal with Sinochem

PRIO Buys Peregrino Oil Field

Mitsubishi Boosts Stake in Petronas’ Malaysia LNG Plant

Mitsubishi Boosts Stake in Pet

India Opts Out of Buying Gas from Russia's Sanctioned Arctic LNG 2 Project

India Opts Out of Buying Gas f

Subscribe for OE Digital E‑News

Offshore Engineer Magazine