Shell on Tuesday said it has made a final investment decision (FID) to boost production at the Perdido oil project in the U.S. Gulf of Mexico, starting in April 2025.The company, which operates the platform, said it will add three wells that are expected to produce up to 22…
Petrobras has acquired 29 blocks in the Pelotas basin in the fourth Permanent Concession Offer Cycle of the National Agency of Petroleum, Natural Gas and Biofuels (ANP).Petrobras acquired blocks P-M-1739, P-M-1737 and P-M-1797 in partnership with CNOOC Petroleum Brasil and Shell Brasil Petróleo…
Industry continues chasing big oil, key gas targets also on the radarGlobal exploration drilling is set for a boost in 2024 – we have line of sight on over 200 wells targeting over 30 bnboe of resource (unrisked). Several gas hotspots are on the industry agenda…
The Hollandse Kust Noord offshore wind farm, built by CrossWind, a joint venture between Shell and Eneco, has started operating in the Dutch North Sea.The Hollandse Kust Noord offshore wind farm, located 18.5 kilometers off the coast, became operational on December 20…
Shell and Ampelmann Operations have been fined a combined total of more than £1.2 million after an offshore worker’s feet were crushed while walking along a gangway over the North Sea.The U.K. Health and Safety Executive (HSE) prosecuted the…
TotalEnergies has exercised the first option under the contract for DeepSea Mira semi-submersible drilling rig, extending its contract for 180 additional days for work in West Africa.The owner of the offshore drilling rig Northern Ocean said…
Equinor will acquire Shell’s equity in and operatorship of the Linnorm discovery in the Norwegian Sea. Under this agreement, Equinor will acquire a 30% interest in the PL 255 covering the Linnorm discovery, conditional upon taking over the operatorship from A/S Norske Shell…
The U.S. offshore wind industry is eying a brighter 2024, with work expected to start on several projects following a year marked by stalled developments and billions of dollars in write-offs.The offshore wind industry is expected to play a major role in helping several states and U…
Ecowende, a joint venture of Shell and Eneco, has awarded a contract to Van Oord for the construction of the 760 MW offshore wind farm Hollandse Kust (west) lot VI.As Ecowende's contractor, Van Oord will be responsible for transporting and installing the foundations…
On December 13, 193 blocks were auctioned in Brazil’s oil and gas licensing round, signaling strong optimism for the industry, according to Wood Mackenzie.Highlights from these bid rounds included:• The total amount in bonuses was US$85 million• 44 blocks were acquired in the Pelotas Basin…
QatarEnergy signed two production sharing contracts on Friday relating to two marine areas off the coast of Suriname, rights to which it won during an auction held last June, the company said in a statement.'QatarEnergy will own a 30% working interest in block 64…
This week Esgian’s Week 50 Rig Analytics Market Roundup notes developments in the semisub sector including that Shell has decided to exercise its option on Stena Don in the North Sea but not on Deepsea Bollsta in Namibia. Meanwhile, a new contract…
A Biden administration auction of Gulf of Mexico drilling rights raised $382 million on Wednesday as oil companies claimed offshore acreage for what is set to be the last time until 2025.The auction total was the highest of any federal offshore oil and gas lease sale since 2015…
Esgian has released its Week 51 Rig Analytics Market Roundup, highlighting regulatory action in the United States.The Biden Administration has published the final 2024–2029 National Outer Continental Shelf Oil and Gas Leasing Programme with “the fewest oil and gas lease sales in history…
Oil investors will usher in 2024 with gnawing concerns about oversupply, slowing economic growth and simmering Middle East tension that could spark price volatility.Benchmark Brent has averaged around $80 a barrel this year, after a volatile…
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