Brazilian oil firm Petrobras on Wednesday signed Production Sharing Contracts for offshore blocks, awarded in the Open Acreage under Production Sharing Regime – 1st Cycle held by Brazil’s National Petroleum Agency (ANP) in December 2022.Petrobras…
Born from the Shell Ocean Discovery XPrize, Tampa Deep Sea Xplorers today offers the Barracuda autonomous underwater vehicle. With its affordability, it ability to be launched and recovered by hand, and its 600 ft. depth rating, this capable…
Chevron Australia and the Gorgon Joint Venture Participants have announced the production of first gas from the Gorgon Stage Two development off the northwest coast of Western Australia.The development expands the existing subsea gas gathering network of the Gorgon Project…
Malaysia's Sapura Energy said Thursday it had, between December 2022 and May 2023, secured ten contracts worth around 1.4 billion Malaysian ringgit (currently around $303 million) across the Asia Pacific and Atlantic regions.The contracts were secured across its Engineering and Construction (E&C)…
French power giant EDF has entered into a joint venture partnership with Irish developer Simply Blue Group to develop two wind farm projects off the Irish coast, the groups said in a press release on Wednesday. The projects are the Western Star…
Australia's Woodside Energy has started marketing a new African crude oil from Senegal's first oil project, where the company aims to start producing by the end of this year, a senior executive said. Located about 100 km (62 miles) offshore south of Dakar…
Top crude exporter Saudi Arabia's one million barrel per day (bpd) oil output cut is unlikely to underpin a 'sustainable price increase' into the high $80s-low $90s with weak fundamentals pointing to lower prices by year-end, Citi analysts said in a note on Tuesday…
Offshore drilling firm Noble has secured a contract with Shell for the 7th generation drillship Noble Voyager.Under the contract with Shell, the Noble Voyager drillship will drill one deepwater exploration well offshore Mauritania. The contract…
Shell Plc will use AI-based technology from big-data analytics firm SparkCognition in its deep sea exploration and production to boost offshore oil output, the companies said on Wednesday. SparkCognition's AI algorithms will process and analyze…
The Northern Lights JV in Norway which is developing the world’s first open-source CO2 transport and storage infrastructure, has this week completed the installation of all 12 CO2 storage tanks at its facilities in Øygarden.The Northern Lights JV…
A Chinese research ship and five escort vessels were in Vietnam's exclusive economic zone (EEZ) on Friday, close to gas blocks operated by Russian firms in the South China Sea, a day after Vietnam urged the ships to leave.The Chinese vessel…
The UK Supreme Court ruled on Wednesday that it was too late for Nigerian claimants to sue two Shell subsidiaries over a 2011 offshore oil spill they say had a devastating long-term impact on the coastal area where they live.The case was one…
Tanzania's government said on Wednesday it had completed negotiations with the investors of its $42 billion liquefied natural gas (LNG) project, with the agreements set to be reviewed for approval next month. Energy minister January Makamba…
TotalEnergies shareholders rejected an activist resolution on Friday urging faster cuts to the oil major's greenhouse gas emissions program after police intervened to stop climate protesters disrupting its annual general meeting. The resolution…
Oil output at Kazakhstan's giant Kashagan oilfield fell this month after its operator shut two offshore injection wells on May 20 following the detection of sour gas during routine sampling, the company said on Thursday.The North Caspian Operating…
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