Oil And Gas News

 

Subsea7, OneSubsea to Install Türkiye’s First FPU in Black Sea

May 13, 2024

Subsea Integration Alliance, a strategic partnership between OneSubsea and Subsea7, has secured a ‘large contract’ from Turkish Petroleum Offshore Technology Center (TP-OTC) relating to the Sakarya field development in the Black Sea, offshore Türkiye…

QatarEnergy Joins ExxonMobil in Two Exploration Blocks Offshore Egypt

May 13, 2024

QatarEnergy has signed a farm-in agreement with ExxonMobil to acquire a 40% participating interest in two exploration blocks offshore Egypt.Under the terms of the agreement, which is subject to customary approvals by the government of Egypt…

Esgian Week 19 Report: New Offshore Acreage Offered

May 12, 2024

Esgian reports another busy week filled with a variety of updates, including new offshore acreage offered in the UK, Norway and Nigeria, in its Week 19 Rig Analytics Market Roundup.Report SummaryContractsADES Holding Company has received a direct…

Chinese Companies to Explore Iraq Oil and Gas Fields

May 12, 2024

Chinese companies won bids to explore five Iraqi oil and gas fields on Saturday in a licensing round for hydrocarbon exploration that was primarily aimed at ramping up gas production for domestic use.An Iraqi Kurdish company also took two of…

Noble Corporation Hooks $40M Contract for Noble Resolve Jack-Up

May 10, 2024

Offshore drilling contractor Noble Corporation has secured a new contract for the jack-up Noble Resolve with an undisclosed operator, offshore Spain.The campaign will consist of plug and abandon work on 13 wells and is expected to start in the second quarter 2025 and last approximately 170 days…

UK: North Sea Operators Propose $3.7B of Emissions Reduction Schemes

May 10, 2024

North Sea oil and gas operators could invest up to $3.7 billion in 14 major projects capable of cutting up to 32 million tonnes of lifetime CO2e emissions from their production activities, according to North Sea Transition Authority (NSTA).The…

Australia Backs Long-Term Gas Drilling Despite 2050 Climate Goals

May 10, 2024

Australia's Labor government on Thursday laid out a strategy to boost natural gas development even as it remains committed to net zero carbon emissions by 2050, highlighting demand from key Asian trade partners.Australia is one of the world's largest exporters of liquefied natural gas (LNG)…

Rosetti Marino Hooks $9.6M INEOS Deal for North Sea Gas Platform

May 09, 2024

Italian contractor Rosetti Marino has secured a contract with INEOS E&P for front end engineering design (FEED) for an offshore high pressure, high temperature (HP/HT) gas production platform offshore Denmark.The contract, worth approximately $9…

Diamond Offshore Agrees Marketing Rights for Three Drillships

May 09, 2024

U.S.-based offshore drilling company Diamond Offshore has secured the marketing rights for three seventh generation drillships - West Dorado, West Draco and West Libra, which will be renamed Tidal Action.Diamond Offshore entered into an agreement with Eldorado Drilling…

BW Energy Finds Hydrocarbons at Hibiscus South Pilot Well

May 09, 2024

Oil and gas company BW Energy has found hydrocarbons in the DHBSM-2P pilot well, confirming the Hibiscus South deposit offshore Gabon extends into the northern part of the field with good reservoir quality.BW Energy said it plans to complete the well as a production well later in 2024…

Liza Unity FPSO Hits Peak Output

May 08, 2024

An Exxon Mobil led oil consortium has achieved peak production of 252,000 barrels per day from its Liza Unity production vessel, Exxon Guyana Country Manager Alistair Routledge said on Wednesday.The consortium, which includes Exxon, Hess and CNOOC…

Guyana's Cabinet Clears Oil Block Bid

May 08, 2024

Guyana's cabinet has approved a bid for an offshore oil block by a consortium including QatarEnergy, TotalEnergies and Malaysian state-owned Petronas, a minister from the South American country said on Wednesday.Guyana, home of the largest oil discoveries in nearly a decade…

Australia Backs Long-Term Gas Exploration

May 08, 2024

Australia's resources minister said on Thursday she backs the long-term exploration of potential natural gas projects, setting up a potential clash with opposition lawmakers and some in the incumbent Labor Party that oppose its use.Australia…

Norway Expands Acreage for Oil and Gas Exploration

May 08, 2024

The Norwegian Ministry of Energy has offered 37 bocks in the Barents Sea and the Norwegian Sea as part of its annual licensing round for predefined areas (APA), which give oil companies the opportunity to gain access to attractive acreage in the mature areas of the Norwegian shelf…

Onshore Tests Start for PosHYdon Offshore Green Hydrogen Pilot

May 08, 2024

The onshore tests for the PosHYdon project, which aims to produce green hydrogen on an operational gas platform in the Dutch North Sea, have started in the Netherlands.The PosHYdon pilot kicked off the onshore test successfully at the premises of InVesta…

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