Category: Oil and Gas
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2008-built rig scores multimillion-dollar drilling job offshore Canada
2008-built rig scores multimillion-dollar drilling job offshore Canada A semi-submersible rig, owned by SFL Corporation (SFL) and managed by Odfjell Drilling, has lined up a new drilling assignment off the coast of Canada with an undisclosed oil and gas player. The post 2008-built rig scores multimillion-dollar drilling job offshore Canada appeared first on Offshore Energy.…
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UK signals readiness for oil & gas tax shift with £50 billion energy investment in play
UK signals readiness for oil & gas tax shift with £50 billion energy investment in play Britain’s trade body for the offshore energy industry, Offshore Energies UK (OEUK), has taken steps to engage in talks with the UK government to strike a deal and unlock multibillion-dollar energy industry investment boost by replacing the energy profits levy…
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Hormuz shutdown ramifications: Oil price hike to hit $100 as Asia-Europe LNG battle looms
Hormuz shutdown ramifications: Oil price hike to hit $100 as Asia-Europe LNG battle looms As the closure of the Strait of Hormuz, through which 15% of global oil and 20% of global liquefied natural gas (LNG) supply flows, evokes fears of a major energy shock, analysts at Wood Mackenzie, an energy intelligence group, have warned…
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Transocean’s play for Valaris forging $17 billion offshore drilling giant with 73 rigs
Transocean’s play for Valaris forging $17 billion offshore drilling giant with 73 rigs Transocean has made a multibillion-dollar merger move on Valaris to breathe life into a combined company with a diversified offshore fleet of 73 rigs, including 33 ultra-deepwater drillships, nine semi-submersibles, and 31 modern jack-ups, to meet emerging growth opportunities. The post Transocean’s…
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Asian duo shakes hands on setting up modular EPC and fabrication manufacturing shop in India
Asian duo shakes hands on setting up modular EPC and fabrication manufacturing shop in India AG&P Industrial, a subsidiary of Singapore’s AG&P Group, has joined forces with Pragati Infra Solutions (PISL), an engineering, procurement, and construction (EPC) and infrastructure development company, to establish India’s first advanced modular EPC and fabrication manufacturing facility in Andhra Pradesh.…
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Exclusive interview with SBM Offshore: South America anchors business growth, as West Africa emerges on FPSO horizon
Exclusive interview with SBM Offshore: South America anchors business growth, as West Africa emerges on FPSO horizon SBM Offshore is keeping Brazil and Guyana as the core hub of its FPSO activity, while eyeing new opportunities in West Africa. The post Exclusive interview with SBM Offshore: South America anchors business growth, as West Africa emerges…
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EU endorses ban on Russian pipeline gas and LNG imports
EU endorses ban on Russian pipeline gas and LNG imports In a move to wean itself completely off Russian oil and gas imports, the European Union (EU) has given the green light for a ban on imports of pipeline gas and liquefied natural gas (LNG), with oil expected to follow suit in 2027. The post EU endorses ban on Russian…
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First oil & gas well in US Gulf now online, second set to follow suit shortly
First oil & gas well in US Gulf now online, second set to follow suit shortly Beacon Offshore Energy, a Texas-based exploration and production company, has brought its initial well on stream at a field in the Gulf of America (the U.S. Gulf of Mexico) and drilled another one, which is anticipated to begin production…
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Exclusive interview: Velesto sets its sights on Malaysia and Southeast Asia gas drilling plays
Exclusive interview: Velesto sets its sights on Malaysia and Southeast Asia gas drilling plays As global energy security concerns keep the demand for oil and gas alive, Malaysia’s Velesto Energy, owner of premium jack-up rigs and hydraulic work-over units, has dived into its expectations for 2026, highlighting its belief that the jack-up rig market will…
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ADNOC casts the die for gas project as FID seals path to development
ADNOC casts the die for gas project as FID seals path to development The UAE’s energy heavyweight Abu Dhabi National Oil Company (ADNOC) has put the pen to paper for its ambition to boost its natural gas arsenal by propelling a gas project off the coast of Abu Dhabi, UEA, into execution phase with a…
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Oil oversupply risks and global crude trade realignment loom with Venezuela’s regime change
Oil oversupply risks and global crude trade realignment loom with Venezuela’s regime change As Venezuela faces a regime change, the country’s production recovery is staring at a decade-long timeline despite near-term supply gains, according to Wood Mackenzie, an energy intelligence group, which believes that additional Venezuelan barrels could pressure Brent prices below mid-to high $50 per…
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Global energy transition drags its feet as oil & gas reign over energy mix
Global energy transition drags its feet as oil & gas reign over energy mix Against the backdrop of rising greenhouse gas (GHG) emissions, energy security and financial prudence are running the investment policy show, putting the transition to low-carbon and green sources of supply on the back burner, as fossil fuels dominate the energy mix,…
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New gas supply key to staving off shortfalls looming on Australia’s energy horizon
New gas supply key to staving off shortfalls looming on Australia’s energy horizon As Australia takes steps to up its natural gas ante, Australian Energy Producers (AEP), representing the country’s upstream oil and gas exploration and production industry, has emphasized the importance of further exploration and production endeavors to avert potential gaps in gas supply from…
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Ten big consolidation moves across rig, oil & gas, and shipping spheres
Ten big consolidation moves across rig, oil & gas, and shipping spheres As the global consolidation momentum builds against the backdrop of ever-changing and challenging geopolitical conditions and energy realms, many companies engaged in the offshore drilling, subsea, hydrocarbon exploration and production (E&P), and maritime arenas are working to strengthen their place in the offshore…
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EU draws the line on Russian gas with gradual ban from 2026, oil set to follow suit in 2027
EU draws the line on Russian gas with gradual ban from 2026, oil set to follow suit in 2027 Given its determination to shake off the shackles of dependence on Russian oil and gas imports, the European Union (EU) has decided to lay down the law on these fossil fuels by holding the line on the…
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North Sea green shift at play: Dutch gas platform plugs into German offshore wind power
North Sea green shift at play: Dutch gas platform plugs into German offshore wind power The Netherlands-based exploration and production player ONE-Dyas, together with its partners EBN and Tenaz Energy, has tucked a new decarbonization milestone under its belt by breathing life into the first natural gas production platform in the Dutch and German sectors…
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Big Beautiful Gulf 1 oil and gas lease sale generates $279.4M in high bids
Big Beautiful Gulf 1 oil and gas lease sale generates $279.4M in high bids The Department of the Interior today announced that the Bureau of Ocean Energy Management successfully conducted Lease Sale Big Beautiful Gulf 1, which is the first mandatory offshore oil and gas lease sale required under the One Big Beautiful Bill Act.…
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Final Sale Notice takes center stage on latest Listen Up! podcast
Final Sale Notice takes center stage on latest Listen Up! podcast The implications of December’s offshore oil and gas lease sale for the maritime industry were the focus of the latest episode of Listen Up!, the podcast from Marine Log. In this episode, we welcome maritime attorney Jana Grauberger of Liskow & Lewis to break…
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Harbour Energy offloads offshore gas assets in Southeast Asia
Harbour Energy offloads offshore gas assets in Southeast Asia London-listed oil and gas company Harbour Energy has set the wheels in motion to divest natural gas assets off the coast of Indonesia for a cash consideration of $215 million. The post Harbour Energy offloads offshore gas assets in Southeast Asia appeared first on Offshore Energy. Melisa…
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Round-up: New oil & gas discoveries take center stage as LNG momentum grows
Round-up: New oil & gas discoveries take center stage as LNG momentum grows As the offshore energy sector sees advancements in exploration, infrastructure expansion, LNG diversification, and carbon management initiatives, new discoveries in Norway reinforce the ongoing oil and gas dominance. International players, such as Shell, Equinor, Chevron, and Petrobras are reshaping portfolios through joint…
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Double win for Equinor in North Sea as two gas and condensate discoveries spring up
Double win for Equinor in North Sea as two gas and condensate discoveries spring up Norway’s state-owned oil and gas giant Equinor has made two new discoveries of gas and condensate in the Sleipner area of the Norwegian sector of the North Sea, which it describes as its largest finds so far this year. The…
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28-year-old FPSO secures life extension beyond 2030 as oil flows from subsea tie-back
28-year-old FPSO secures life extension beyond 2030 as oil flows from subsea tie-back Norwegian state-owned energy giant Equinor has prolonged the lifespan of a floating production, storage, and offloading (FPSO) unit by expanding its active duty past 2030 with a subsea template tied back to the vessel via a new tubing off the coast of…
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Ireland handpicks spot for FSRU gas reserve to stave off supply shortfalls
Ireland handpicks spot for FSRU gas reserve to stave off supply shortfalls Emerald Isle has unveiled the location where its new strategic gas reserve (SGER) will be situated as a floating storage and regasification unit (FSRU). This FSRU will be owned and operated on behalf of the Irish state by Gas Networks Ireland, which operates…
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Shell hires ADES rig for drilling ops offshore Brunei
Shell hires ADES rig for drilling ops offshore Brunei ADES International Holding, a subsidiary of ADES Holding Company, which is part of Saudi Arabia-headquartered ADES Group, has landed a new offshore drilling assignment for one of its jack-up rigs off the coast of Brunei with Brunei Shell Petroleum (BSP), a joint venture company between the…
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Seatrium awarded second deepwater FPU contract from BP
Seatrium awarded second deepwater FPU contract from BP Seatrium Limited has been awarded a contract from BP Exploration and Production Inc. for the engineering, procurement, construction and onshore commissioning of the Tiber Floating Production Unit (FPU) project in the Gulf of America. The Tiber FPU marks Seatrium’s second consecutive deepwater project for BP Exploration, further…
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UK underwater market hits £9.4 billion: Project delays place offshore energy supply chain at risk
UK underwater market hits £9.4 billion: Project delays place offshore energy supply chain at risk Global Underwater Hub (GUH), the trade and development body representing the UK’s multibillion-dollar subsea sector, has undertaken a new study for the nation’s underwater sectors, which emphasizes that frequent delays to offshore energy and infrastructure projects threaten the viability of…
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Big Oil vs climate advocates on US offshore leasing plan: Key to energy security and jobs or coastal economy threat
Big Oil vs climate advocates on US offshore leasing plan: Key to energy security and jobs or coastal economy threat The Trump administration’s draft five-year offshore leasing plan continues to run the gauntlet of […] The post Big Oil vs climate advocates on US offshore leasing plan: Key to energy security and jobs or coastal…
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$27 billion fills Shell, BP, TotalEnergies, Eni, Equinor, ExxonMobil, Chevron, and ConocoPhillips’ quarterly profit coffers
$27 billion fills Shell, BP, TotalEnergies, Eni, Equinor, ExxonMobil, Chevron, and ConocoPhillips’ quarterly profit coffers Against the backdrop of concerns over hydrocarbon production rates, the European and U.S. oil majors – the UK’s duo Shell and BP, France’s TotalEnergies, Norway’s Equinor, and Italy’s Eni alongside U.S.-based trio: ExxonMobil, Chevron, and ConocoPhillips – have secured over…
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Drilling job in Saudi waters on ADES rig’s agenda in January
Drilling job in Saudi waters on ADES rig’s agenda in January ADES Holding Company, which is part of Saudi Arabia-headquartered ADES Group, has secured the green light to restart one of its offshore drilling assignments off the coast of Saudi Arabia. The post Drilling job in Saudi waters on ADES rig’s agenda in January appeared first…
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ABS debuts digital twin to enhance safety, cut downtime, and extend lifespan of FPSOs, FLNGs, and FSRUs
ABS debuts digital twin to enhance safety, cut downtime, and extend lifespan of FPSOs, FLNGs, and FSRUs The American Bureau of Shipping (ABS), a classification society, has launched a real-time 3D structural digital twin life-cycle management tool, which is a web-based solution tailored for floating production storage and offloading (FPSO), floating liquefied natural gas (FLNG),…
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Shell, BP, Ithaca, GE Vernova book Valaris’ five rigs for oil & gas and offshore wind jobs
Shell, BP, Ithaca, GE Vernova book Valaris’ five rigs for oil & gas and offshore wind jobs Bermuda-incorporated offshore drilling contractor Valaris has divested one mobile offshore drilling unit (MODU) from its fleet and found multimillion-dollar assignments for five rigs within the oil and gas and offshore wind realms. The post Shell, BP, Ithaca, GE Vernova…
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Repsol books Dolphin Drilling’s 1977-built rig for multi-well work
Repsol books Dolphin Drilling’s 1977-built rig for multi-well work Dolphin Drilling, an Oslo-listed, Aberdeen-headquartered owner and operator of a fleet of harsh environment mid-water and deepwater semi-submersible drilling rigs, has turned a letter of intent (LoA) into a multimillion-dollar rig deal with Repsol, a Spanish multinational energy and petrochemical company. The post Repsol books Dolphin…
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50% oil & gas North Sea boost on the UK’s table with cost savings and net zero within reach
50% oil & gas North Sea boost on the UK’s table with cost savings and net zero within reach With the United Kingdom’s government currently at a crossroads as it faces a critical decision over banning new North Sea exploration licenses or embracing a so-called science-backed approach that curbs emissions, Wood Mackenzie, an energy intelligence…
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BP to go ahead on Tiber-Guadalupe floating production platform project in Gulf of America
BP to go ahead on Tiber-Guadalupe floating production platform project in Gulf of America BP has reached a final investment decision (FID) to go ahead on the Tiber-Guadalupe floating production platform project, approving its second new production platform in less than two years in the Gulf of America. “Our decision to move forward on the…
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Petrobras books Baker Hughes’ subsea trees to power Brazil’s oil & gas future
Petrobras books Baker Hughes’ subsea trees to power Brazil’s oil & gas future Baker Hughes has landed a new order for subsea trees and associated equipment, which will be deployed at multiple oil and gas assets operated by Brazil’s state-owned energy giant Petrobras. The post Petrobras books Baker Hughes’ subsea trees to power Brazil’s oil…
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Acteon-Jumbo partnership’s end-to-end offering enriches offshore oil & gas and wind realms
Acteon-Jumbo partnership’s end-to-end offering enriches offshore oil & gas and wind realms A new strategic alliance – made up of Jumbo Offshore, a Dutch transportation and installation player, and Intermoor, Acteon’s moorings and anchors business line – has appeared on the offshore oil, gas, and wind scene to tackle floating energy challenges by jointly delivering…
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Stepping up oil & gas game key for Norway to stave off ‘steep’ drop in production
Stepping up oil & gas game key for Norway to stave off ‘steep’ drop in production As the global energy security mission continues to keep oil and gas in high demand, the Norwegian Offshore Directorate (NOD), reporting to Norway’s Ministry of Energy, has emphasized that the Norwegian Continental Shelf (NCS) will yield more hydrocarbons in the…
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Interior rolls out long term offshore O&G lease sales schedule
Interior rolls out long term offshore O&G lease sales schedule The U.S. Department of the Interior reports that, as directed by the One Big Beautiful Bill Act (H.R. 1), it is rolling out a long-term schedule for offshore oil and gas lease sales in the Gulf of America and Alaska’s Cook Inlet. The Department says…
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Norway eyes oil & gas investments of nearly $23 billion next year
Norway eyes oil & gas investments of nearly $23 billion next year Statistics Norway, the Norwegian statistics bureau, has revealed a spike in estimates for oil and gas investments in 2026, which are anticipated to hit NOK 230 billion (approximately $22.55 billion), thanks to higher price estimates in the production drilling segment. The post Norway…
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Interview on America’s tax overhaul: Investment ‘catalyst’ across energy spheres but deadlines spell potential trouble for wind & solar
Interview on America’s tax overhaul: Investment ‘catalyst’ across energy spheres but deadlines spell potential trouble for wind & solar The latest action the United States (U.S.) has taken to unlock its energy dominance, encapsulated in a new tax reconciliation bill, which President Donald J. Trump signed into law, has set the stage for an uptick…
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UK’s new guidance sheds light on North Sea oil & gas game as application window opens
UK’s new guidance sheds light on North Sea oil & gas game as application window opens In the wake of a Supreme Court ruling, marking the first inclusion in Britain’s history of greenhouse gas (GHG) emissions from the combustion of oil and gas in environmental impact assessments (EIAs) for hydrocarbon extraction projects, the United Kingdom…
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Interview: High-growth regions, subsea, and FPSO jobs unlocking EnerMech’s resilience in energy realms
Interview: High-growth regions, subsea, and FPSO jobs unlocking EnerMech’s resilience in energy realms EnerMech, an Aberdeen-headquartered integrated solutions specialist, has pinpointed the focus on high-growth regions, subsea work, and floating production, storage, and offloading (FPSO) assignments as its tripartite resilience formula, which it uses as keys to achieving resilience against the backdrop of ongoing economic…
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Exclusive interview: Balancing act between energy security and decarbonization unlocking oil & gas resilience
Exclusive interview: Balancing act between energy security and decarbonization unlocking oil & gas resilience Sulzer has pointed out the operators’ need to pursue decarbonization tools to ensure cleaner production and more efficient operations, maximizing productivity and enhancing sustainability to tackle the climate change ticking time bomb and come to grips with energy security challenges. The…
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Oil, gas, and LNG weaving energy security web
Oil, gas, and LNG weaving energy security web The winds of change are still gathering speed as they blow across the global energy industry, but they have not managed to dislodge oil and natural gas from their top spots in the energy mix. These fossil fuels, alongside LNG, are still keeping their finger on the…
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Step on the gas, pretty please
Step on the gas, pretty please Developments in 2024 hammered home the enduring nature of oil, gas, and liquefied natural gas (LNG) projects and the progress made in developing new ones and extending the lifetimes of older ones. The post Step on the gas, pretty please appeared first on Offshore Energy. Melisa Cavcic Go to…
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MODEC calling the shots for new Guyana-bound FPSO destined for ExxonMobil’s 7th oil & gas project
MODEC calling the shots for new Guyana-bound FPSO destined for ExxonMobil’s 7th oil & gas project ExxonMobil has put Japan’s MODEC in charge of a new floating production, storage, and offloading (FPSO) unit to be deployed on its seventh oil project in the Stabroek block off the coast of Guyana. The post MODEC calling the…
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Chevron and TotalEnergies flow first oil & gas from Gulf of America project
Chevron and TotalEnergies flow first oil & gas from Gulf of America project Two oil majors, U.S.-based Chevron and France-headquartered TotalEnergies, have brought online a deepwater oil and natural gas project in the Gulf of America, formerly the U.S. Gulf of Mexico. The post Chevron and TotalEnergies flow first oil & gas from Gulf of…
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Valaris rig on the move as ExxonMobil’s drilling ops end in non-commercial gas volumes
Valaris rig on the move as ExxonMobil’s drilling ops end in non-commercial gas volumes ExxonMobil and QatarEnergy have wrapped up drilling activities off the coast of Cyprus, carried out with a drillship owned by Valaris, an offshore drilling contractor. The post Valaris rig on the move as ExxonMobil’s drilling ops end in non-commercial gas volumes…
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Genesis in action: Oil platform comes back to life as artificial reef
Genesis in action: Oil platform comes back to life as artificial reef A new lease on life has been bestowed upon an offshore platform that brought over 120 million barrels of oil to the energy market during its lifetime. The post Genesis in action: Oil platform comes back to life as artificial reef appeared first…
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April 2025
April 2025 Our April issue of Marine Log is now available, and we’ve packed it with insights into some of the most pressing issues facing the offshore maritime industry today. The post April 2025 appeared first on Marine Log. Heather Ervin Go to marinelog
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Tight budgets and shrinking pool of oil & gas prospects reshape search for more hydrocarbons
Tight budgets and shrinking pool of oil & gas prospects reshape search for more hydrocarbons Global oil and gas operators are prioritizing low-risk, low-cost near field or infrastructure-led exploration (ILX) prospects as budgets tighten, rather than the more expensive high-risk hydrocarbon exploration plays. The post Tight budgets and shrinking pool of oil & gas prospects…
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Reversal of EU’s energy playbook on Russian oil barrels cannot be ruled out, MSI warns
Reversal of EU’s energy playbook on Russian oil barrels cannot be ruled out, MSI warns MSI has contemplated the possibility of a shift in energy policy within the European Union (EU), where the EU changes its mind about the ban on Russian fossil fuels and decides to take a page out of U.S. President Donald…
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Trump administration hit with lawsuit over oil platform trio’s restart off California
Trump administration hit with lawsuit over oil platform trio’s restart off California A new legal battle is on the U.S. energy horizon as part of an attempt to challenge and foil the allegedly outdated plans for three aging oil platforms off the coast of California. The post Trump administration hit with lawsuit over oil platform…
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BP’s fourth subsea gas project is a go as new discovery springs up in Trinidad and Tobago
BP’s fourth subsea gas project is a go as new discovery springs up in Trinidad and Tobago BP Trinidad and Tobago (bpTT), a subsidiary of the UK-based energy giant BP, has found more gas and taken a final investment decision (FID) for a natural gas project off Trinidad’s southeast coast. The post BP’s fourth subsea…
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US Gulf rig fleet facing ‘steep’ drop in activity but improvements on the cards next year
US Gulf rig fleet facing ‘steep’ drop in activity but improvements on the cards next year As idle rig times loom in the U.S. Gulf this year, Westwood Global Energy, an energy market research and consultancy firm, has pointed out that the supply, demand, and utilization for drillships are set to pick up the pace…
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MODEC gets its hands on 20-year FPSO job with Shell for Brazilian oil & gas development
MODEC gets its hands on 20-year FPSO job with Shell for Brazilian oil & gas development Shell has handed out a multi-year operations and maintenance contract to Japan’s MODEC for a floating production, storage, and offloading (FPSO) vessel destined to work on this project in Brazilian waters. The post MODEC gets its hands on 20-year…
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Namibia sets the stage for new offshore oil & gas licensing round and drilling plays
Namibia sets the stage for new offshore oil & gas licensing round and drilling plays As multiple drilling campaigns are poised to shape Africa’s energy future this year, the African Energy Chamber (AEC), which serves as the voice of the energy sector in Africa, has opted to shine a light on the offshore oil and gas…
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Twin Brothers Marine secures $12M in landmark projects
Twin Brothers Marine secures $12M in landmark projects Franklin, La.-based Twin Brothers Marine (TBM), which specializes in heavy steel fabrication for the oil and gas, infrastructure, and renewables industries, has been awarded three contracts. With a combined value of over $12 million, the contracts will provide pressure vessels and infrastructure components for a major marine…
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‘Pragmatic’ offshore energy investment policy key to ensure UK’s supply chain stays put
‘Pragmatic’ offshore energy investment policy key to ensure UK’s supply chain stays put With research showing that nine out of ten companies perceive business playgrounds in other countries as better suited for investment and growth, Britain’s trade body for the offshore energy industry, Offshore Energies UK (OEUK), has warned the UK government about the looming uncertainty…
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US order sets date for Chevron to grind oil exports from Venezuela to a halt
US order sets date for Chevron to grind oil exports from Venezuela to a halt Chevron has been given a 30-day deadline to bring a wind-down of its crude oil production and exports in Venezuela to an end, as its previous license has been revoked by the U.S. Treasury Department’s Office of Foreign Assets Control…
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Hunter Queen on black gold hunt: All systems go for rig’s multi-well drilling campaign off Brazil
Hunter Queen on black gold hunt: All systems go for rig’s multi-well drilling campaign off Brazil PRIO has received the go-ahead from the Brazilian Institute of the Environment and Natural Renewable Resources (Ibama) for its offshore drilling plans in the Campos Basin, Espírito Santo. A sixth-generation semi-submersible drilling rig will carry out the planned six-well…
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NZTC takes its flagship offshore hydrogen project to the next phase
NZTC takes its flagship offshore hydrogen project to the next phase The HOP2 project, an initiative by Net Zero Technology Centre (NZTC) to demonstrate the feasibility of large-scale offshore green hydrogen production, is progressing into the next phase with a concept definition contract awarded to Aberdeen-based engineering and energy advisory consultancy Apollo. The post NZTC…
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Rekindled Shell-BP merger rumor mill going wild: Wishful thinking or real possibility?
Rekindled Shell-BP merger rumor mill going wild: Wishful thinking or real possibility? Speculation is running rampant over a potential business combination between two oil majors, with the energy industry abuzz over the alleged merger between the UK-headquartered Shell and BP and the implications such a mega consolidation move could have on the global scene. The…
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Allseas preps for huge subsea pipeline job at Brazil’s supergiant ultra-deepwater oil field
Allseas preps for huge subsea pipeline job at Brazil’s supergiant ultra-deepwater oil field Switzerland-headquartered contractor Allseas has put the wheels into motion to get ready for its new assignment at Brazil’s second largest oil field. The post Allseas preps for huge subsea pipeline job at Brazil’s supergiant ultra-deepwater oil field appeared first on Offshore Energy.…
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26 offshore blocks up for grabs in Trinidad and Tobago’s 2025 deepwater oil & gas bid round
26 offshore blocks up for grabs in Trinidad and Tobago’s 2025 deepwater oil & gas bid round Trinidad and Tobago has initiated its new bidding round to boost hydrocarbon exploration and production in this Caribbean twin-island country located off the northern edge of the South American mainland. The post 26 offshore blocks up for grabs…
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Upcoming ops in Namibia, Angola, Nigeria, and Libya mark oil & gas drilling hotspots across Africa
Upcoming ops in Namibia, Angola, Nigeria, and Libya mark oil & gas drilling hotspots across Africa African Energy Chamber (AEC), which serves as the voice of the energy sector in Africa, has shed more light on the ongoing and anticipated high-impact drilling campaigns in Namibia, Angola, Nigeria, and Libya. The post Upcoming ops in Namibia,…
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Exclusive interview: Velesto going after three Ds – Digitalization, decarbonization, and diversification for enhanced drilling and oil & gas era
Exclusive interview: Velesto going after three Ds – Digitalization, decarbonization, and diversification for enhanced drilling and oil & gas era Technological advancement, supportive policy regulations, and integration of greener and cleaner power innovations are a bedrock of an equitable energy transition age for Malaysia’s Velesto Energy, which has set its cap on growth and expansion…
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$1.3 trillion windfall coming up on America’s GDP horizon with LNG bonanza
$1.3 trillion windfall coming up on America’s GDP horizon with LNG bonanza With 14 multibillion-dollar projects lined up on the LNG export menu, America seems poised to reach the $1.3 trillion gross domestic product (GDP) promise spotlighted in a recent S&P Global study, making a strong case for an LNG boom. The post $1.3 trillion…
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Workforce cuts on the rise: Oil & gas giants’ cost-saving quests fuel layoffs’ wave
Workforce cuts on the rise: Oil & gas giants’ cost-saving quests fuel layoffs’ wave Price volatility, rise in costs, climate change, energy transition agendas, rising power demand, and emerging technologies and innovations, including market evolution, automation, and progress in unleashing the benefits of artificial intelligence (AI), have also played their part in shrinking the job…
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CNOOC earmarks up to $19 billion for oil & gas, offshore wind, solar, and AI-integrated plays
CNOOC earmarks up to $19 billion for oil & gas, offshore wind, solar, and AI-integrated plays China’s CNOOC has set out its multibillion-dollar business strategy and development plan for 2025. The post CNOOC earmarks up to $19 billion for oil & gas, offshore wind, solar, and AI-integrated plays appeared first on Offshore Energy. Melisa Cavcic…
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Trump makes good on all his energy promises: ‘Golden’ US oil, gas, & LNG age and offshore wind pause in effect
Trump makes good on all his energy promises: ‘Golden’ US oil, gas, & LNG age and offshore wind pause in effect Will Trump’s upcoming oil and gas era be a setback, holding back U.S. renewables’ progress, or a shot in the arm galvanizing greener zest? The post Trump makes good on all his energy promises:…
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Shell and Chevron cheer first oil as Whale song enriches energy security courtship in US Gulf of Mexico
Shell and Chevron cheer first oil as Whale song enriches energy security courtship in US Gulf of Mexico Shell, and its partner, Chevron, have boosted their oil and gas arsenal in the U.S. Gulf of Mexico by starting production from a deepwater project more than seven years after the original hydrocarbon discovery. The post Shell…
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ExxonMobil to stay busy with Guyana’s deepwater oil & gas development ops in 2025
ExxonMobil to stay busy with Guyana’s deepwater oil & gas development ops in 2025 With nearly $55 billion committed to the development of six government-sanctioned projects, ExxonMobil is going to remain hard at work during 2025 to develop the oil and natural gas resources at the Stabroek block off the coast of Guyana. The post ExxonMobil…
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Batch of onshore and offshore drilling jobs brings $513 million to KCA Deutag
Batch of onshore and offshore drilling jobs brings $513 million to KCA Deutag KCA Deutag has landed new multimillion-dollar drilling assignments and extensions across the Middle East, Africa, Latin America, and the UK. The post Batch of onshore and offshore drilling jobs brings $513 million to KCA Deutag appeared first on Offshore Energy. Melisa Cavcic…
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SBM Offshore on FPSO landscape: Oil & gas demand unlocking financing with CCS poised for ‘biggest impact’ in emission cuts
SBM Offshore on FPSO landscape: Oil & gas demand unlocking financing with CCS poised for ‘biggest impact’ in emission cuts With a backlog of $33 billion and sustainability at the heart of its strategy to future-proof its floating production units, SBM Offshore is expecting to see a new batch of 40 floating production, storage, and…
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Biden’s US offshore oil & gas drilling ban throws a spanner in the works but ‘drill, baby, drill’ still on Trump’s energy agenda
Biden’s US offshore oil & gas drilling ban throws a spanner in the works but ‘drill, baby, drill’ still on Trump’s energy agenda President Joe Biden’s legacy has now added an offshore drilling ban, spanning over 625 million acres of the U.S. ocean, to the mix. The post Biden’s US offshore oil & gas drilling…
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Energy outlook: Uncertainty and ‘resilient’ oil & gas to run the energy show in 2025
Energy outlook: Uncertainty and ‘resilient’ oil & gas to run the energy show in 2025 The world at large still runs on coal, oil, and gas, with the lion’s share of the energy mix controlled by these fuels. The post Energy outlook: Uncertainty and ‘resilient’ oil & gas to run the energy show in 2025…
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Fresh oil & gas-condensate discovery comes to light in Namibia
Fresh oil & gas-condensate discovery comes to light in Namibia Galp has found more light oil and gas-condensate in the second of up to four wells within its current exploration and appraisal (E&A) program in license PEL 83 off the coast of Namibia. The post Fresh oil & gas-condensate discovery comes to light in Namibia…
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Africa’s ‘first net zero emission upstream project’ starts its next oil & gas chapter
Africa’s ‘first net zero emission upstream project’ starts its next oil & gas chapter Eni has kicked off production from the second stage of its oil and gas development off the coast of Côte d’Ivoire, which is said to be the largest discovery in this country and the first net-zero upstream project, in terms of Scope 1…
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ExxonMobil’s 2030 agenda: Fueling decarbonization with $30 billion while ramping up oil & gas and LNG output
ExxonMobil’s 2030 agenda: Fueling decarbonization with $30 billion while ramping up oil & gas and LNG output ExxonMobil has unveiled its new corporate plan up to 2030, expecting to deliver a growth potential of $20 billion in earnings and $30 billion in cash flow. The post ExxonMobil’s 2030 agenda: Fueling decarbonization with $30 billion while…
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BOEM announces next steps for Gulf oil and gas leasing program
BOEM announces next steps for Gulf oil and gas leasing program The Bureau of Ocean Energy Management (BOEM) has announced the availability of the Gulf of Mexico (GOM) Regional Outer Continental Shelf (OCS) Oil and Gas Lease Sales Draft Programmatic Environmental Impact Statement (EIS). API slams BOEM’s 5-year oil and gas lease sale program In…
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Saipem rig finds more light oil & gas-condensate offshore Namibia
Saipem rig finds more light oil & gas-condensate offshore Namibia Galp has struck light oil and gas-condensate in the first well within its second exploration and appraisal program in the Orange Basin, where oil discoveries were made during the first campaign within license PEL 83 off the coast of Namibia. The post Saipem rig finds…
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Powering oil & gas production with renewables and low-carbon energy: Electrification brings emission cuts of 80%
Powering oil & gas production with renewables and low-carbon energy: Electrification brings emission cuts of 80% While the energy transition toolbox is filled with decarbonization tools, electrification seems to be the jewel in its crown, based on research conducted by Rystad Energy, which points out that applying this method to upstream operations has the potential…
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Carbon markets are a go but trillions at stake: Will ‘climate finance COP’ deliver the goods at the eleventh hour?
Carbon markets are a go but trillions at stake: Will ‘climate finance COP’ deliver the goods at the eleventh hour? Given the trillion-dollar gap between the Global South’s demands and the Global North’s proposal for a new climate finance target, the 29th Conference of the Parties (COP29) has run into overtime in one last attempt…
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$111 billion investment on Petrobras’ five-year agenda
$111 billion investment on Petrobras’ five-year agenda Petrobras has unveiled its new business plan for the 2025-2029 period (BP 2025-29) and strategic plan 2050 (SP 2050), outlining its focus and priorities to reinforce its long-term vision. The post $111 billion investment on Petrobras’ five-year agenda appeared first on Offshore Energy. Melisa Čavčić Go to offshore…
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Development moves forward but pending court verdict could spell the end for UK’s giant oil & gas projects
Development moves forward but pending court verdict could spell the end for UK’s giant oil & gas projects As the climate crisis intensifies, so do legal challenges for hydrocarbon projects, especially in the United Kingdom (UK), where two North Sea operators and climate activists are locked in a court battle with the potential to put…
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UK’s offshore oil & gas decom bill to hit £24.6 billion by 2033
UK’s offshore oil & gas decom bill to hit £24.6 billion by 2033 Offshore Energies UK (OEUK) has outlined in its new report that decommissioning work could account for 22% of the cumulative oil and gas spend over the next ten years. The post UK’s offshore oil & gas decom bill to hit £24.6 billion…
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COP29’s trillion-dollar net zero battle: Needs, wants, and reality of global energy scene run by oil & gas
COP29’s trillion-dollar net zero battle: Needs, wants, and reality of global energy scene run by oil & gas Many proponents of taking a stronger stance on global climate action are hoping for a pivotal shift in the final text of the 29th Conference of the Parties (COP29), which will turn the tide once and for…
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Canada’s proposed oil & gas emissions cap: Boost in production, jobs, and economy or across-the-board cuts?
Canada’s proposed oil & gas emissions cap: Boost in production, jobs, and economy or across-the-board cuts? Canada has come up with draft regulations to set a greenhouse gas (GHG) pollution cap for the oil and gas industry. The government claims the latest regulatory tool in the raft of measures that are part of its wider…