Offshore

Source: Oil Now

Brazil looking to tap oil at same geologic trend delivering big discoveries in Guyana

Oil Now


Brazil’s state-run oil company Petrobras will begin exploration this year at a resource-rich region along the country’s northern coast that falls in the same geologic trend containing the massive offshore discoveries made in neighboring Guyana.

According to Petrobras …

January 10, 2022 - 1:30 pm Closing Bell Story‎, Crude Oil News, Energy News, Offshore
Source: Reuters

Argentina moving forward with offshore drilling despite protests

Oil Now


(S&P Global Platts) Argentina plans to push forward on its first new offshore exploration drilling in years despite social protests, a government official said Jan. 6, arguing that the dangers of spills are low, and that oil and …

January 7, 2022 - 10:30 am Closing Bell Story‎, Crude Oil News, Energy News, Offshore
Source: World Oil

Maersk Drilling launches Horizon56 to drive offshore digitalization

World Oil


For the past two years, Maersk Drilling has spearheaded an innovative effort to develop a first-of-a-kind product to support digitalization of offshore drilling processes. The solution, known as RigFlow, has now been segregated into the digitally focused company …

December 21, 2021 - 10:30 am Crude Oil News, Energy News, Offshore, Technology
Source: Reuters

U.S. fishing industry teams up with oil lobby to fight offshore wind

Reuters


Dec 17 – Members of the U.S. commercial fishing industry are teaming up with an oil industry-backed lobbying group to fight offshore wind energy development on the East Coast, according to documents reviewed by Reuters and interviews with people …

December 17, 2021 - 12:30 pm Closing Bell Story‎, Crude Oil News, Energy News, Offshore, Wind
Source: Reuters

Total, Shell pile into Brazil’s offshore fields in $2 billion sale

Nasdaq


RIO DE JANEIRO – TotalEnergies SE, Royal Dutch Shell (LON:RDSa), Petrobras, Petronas and Qatar Energy scooped up two blockbuster offshore fields in Brazil on Friday, raking in 11.14 billion reais ($1.96 billion) in signing bonuses for the …

Source: Reuters

Guyana relaxes proposed local content terms in oil bill draft

Reuters


Guyana’s government on Thursday delivered to the National Assembly the draft of a local content bill that will regulate its nascent oil industry, proposing requirements beginning at 5% by the end of 2022 for activities to be carried out …

Source: Reuters

Chevron’s Angola subsidiary signs 20-year extension for Block 0

World Oil


LUANDA – Chevron’s subsidiary in Angola, Cabinda Gulf Oil Company Limited (CABGOC) has just renewed the concession of Block 0, located on Cabinda province’s offshore. The agreement, signed in Houston, United States of America, extends the concession for …

Source: World Oil

Shell evacuates Prelude floating LNG plant after power outage

World Oil


(Bloomberg) –Royal Dutch Shell Plc has evacuated non-essential staff from its floating liquefied natural gas facility in northwest Australia as the operator struggled to restore power that knocked out operations earlier in the week, according to people familiar …

December 6, 2021 - 9:30 am Closing Bell Story‎, Crude Oil News, Energy News, LNG, Offshore
Source: Reuters

Shell wins court ruling, to start seismic survey offshore South Africa

World Oil


(Bloomberg) –A South African court has ruled that Royal Dutch Shell Plc can proceed with a seismic survey offshore the East Coast, after dismissing a legal application by activist groups.

Greenpeace was among organizations that filed an urgent …

Source: Bloomberg

Turkey threatens to block Exxon Mobil venture drilling offshore Cyprus

World Oil


(Bloomberg) –Turkey threatened to block any unauthorized search for gas and oil in its economic exclusive zone in the eastern Mediterranean after Cyprus awarded hydrocarbon exploration and drilling rights in its offshore block 5 to a venture of …

Source: Reuters

Shell scraps plans to develop Cambo North Sea oilfield

Nasdaq


LONDON, Dec 2 – Royal Dutch Shell RDSa.L said on Thursday it had scrapped plans to develop the Cambo North Sea oilfield, which became a lightning rod for climate activists seeking to halt Britain’s development of new oil and …

Carbon+Intel: DNV supports world’s first large-scale testing of submerged CO2 pipelines

Carbon+Intel: DNV supports world’s first large-scale testing of submerged CO2 pipelines

World Oil


OSLO – DNV, the independent energy expert and assurance provider, is working with Wintershall Noordzee (Wintershall) and the OTH Regensburg University of Applied Sciences to explore how existing natural gas pipelines in the southern North Sea can be …

Source: CNBC

Oil giant Shell strikes deal to buy power from ‘world’s largest offshore wind farm’

CNBC


Shell said Wednesday it had signed a deal to purchase power from a development dubbed “the world’s largest offshore wind farm.”

The 15-year power purchase agreement relates to 240 megawatts from Dogger Bank C, the third and final phase …

Source: CNBC

Construction starts at America’s first major offshore wind farm

CNBC


Ground has been broken on a project dubbed the United States’ “first commercial scale offshore wind farm.”

The construction’s kickoff, which took place on Thursday, represents another step forward for America’s fledgling offshore wind sector. Located in waters 15 …

November 19, 2021 - 11:30 am Closing Bell Story‎, Crude Oil News, Energy News, Offshore, Wind
Source: World Oil

Exxon bids on 94 shallow-water plots in latest Gulf of Mexico leasing round

World Oil


HOUSTON (Bloomberg) – Exxon Mobil Corp. submitted bids for 94 drilling leases in shallow waters near the Texas coastline, an apparent step forward for a giant proposed carbon-capture project close to Houston’s industrial corridor.

The oil explorer faced …

November 18, 2021 - 1:30 pm Closing Bell Story‎, Crude Oil News, Energy News, Offshore
Source: Reuters

U.S. offshore oil auction begins under court order, shadow of climate deal

Nasdaq


Nov 17  – The Biden administration on Wednesday will auction oil drilling rights to 80 million acres in the U.S. Gulf of Mexico days after joining a global agreement that for the first time targeted fossil fuels as the …

Source: Reuters

Shell resumes oil exports at Mars and Ursa in the Gulf of Mexico

World Oil


Shell Offshore Inc., a subsidiary of Royal Dutch Shell plc, has safely and successfully re-started production at its Mars and Ursa platforms in the US Gulf of Mexico and began exporting oil and gas through the West Delta-143 …

November 5, 2021 - 3:50 pm Closing Bell Story‎, Crude Oil News, Energy News, Offshore
Shell reports structural damage to West Delta facilities from Hurricane Ida

Shell reports structural damage to West Delta facilities from Hurricane Ida

World Oil


Shell Offshore Inc., a subsidiary of Royal Dutch Shell plc, has conducted a comprehensive damage assessment of its West Delta-143 (WD-143) offshore facilities from Hurricane Ida that revealed significant structural damage.

Shell estimates that its WD-143 “A” platform …

September 20, 2021 - 2:00 pm Closing Bell Story‎, Crude Oil News, Energy News, Offshore
Source: Reuters

Shell begins redeploying personnel to platform in Gulf of Mexico

Reuters


Royal Dutch Shell Plc is beginning the redeployment of personnel to its Appomattox platform in the Gulf of Mexico while damage assessments are continuing at its West Delta-143 (WD-143) offshore facility after Hurricane Ida.

As of Wednesday, more than …

September 9, 2021 - 12:30 pm Closing Bell Story‎, Crude Oil News, Energy News, Offshore, People
Source: Wall Street Journal

Transocean lands $252 million contract for new ultra-deepwater drillship

World Oil


Transocean announced that BOE Exploration & Production LLC (“BOE”) awarded Transocean a $252 million firm contract for its newbuild ultra-deepwater drillship, the Deepwater Atlas, including a mobilization fee of $30 million. Additionally, the contract provides for a …

Source: Reuters

Biden plans September restart of oil leases, per court ruling

World Oil


WASHINGTON (Bloomberg) –The Biden administration moved Tuesday to resume selling oil and gas drilling rights in the Gulf of Mexico and throughout the western U.S., after a judge ruled the president’s leasing pause was unlawful.

The Interior Department

Source: Reuters

Pemex targets restoring oil output lost to platform fire by Aug 30

Reuters


MEXICO CITY  – Mexican state oil firm Petroleos Mexicanos (Pemex) expects to resume by Aug. 30 all oil production shut down by a deadly fire on an offshore platform, the firm’s chief executive said on Tuesday.

Five workers were …

August 25, 2021 - 2:00 pm Closing Bell Story‎, Crude Oil News, Energy News, Mexico, Offshore
Source: Reuters

One dead, five missing after Pemex offshore platform fire

Reuters


MEXICO CITY – At least one person died and five more are missing due to a fire that erupted on an offshore platform run by Petroleos Mexicanos (Pemex) in the southern Gulf of Mexico, the Mexican state oil and …

August 23, 2021 - 1:30 pm Closing Bell Story‎, Crude Oil News, Energy News, Offshore, People
Source: World Oil

Oceaneering wins survey contract offshore Guyana

World Oil


HOUSTON – Oceaneering International has been awarded a contract from Esso Exploration and Production Guyana Limited to provide two surveys offshore Guyana.

The contract award covers a towed and autonomous underwater vehicle (AUV) geophysical survey and a shallow …

August 10, 2021 - 2:00 pm Closing Bell Story‎, Crude Oil News, Energy News, Offshore
Source: World Oil

Baker Hughes to supply Chevron’s Gorgon facility with subsea compression manifold

World Oil


HOUSTON – Baker Hughes has been awarded a contract from Chevron Australia Pty Ltd to deliver subsea compression manifold technology for the Jansz-Io Compression (J-IC) Project.

Driven by Baker Hughes’ Subsea Connect early engagement approach, Baker Hughes will …

Source: Reuters

BHP approves funding for Shenzi North, Trion oil projects in Mexico

Nasdaq


Global miner BHP Group BHPB.LBHP.AX said on Friday it would spend $544 million to develop its Shenzi North oil project in the Gulf of Mexico, and approved advancing its Trion oil project in Mexico into the design …

August 6, 2021 - 1:00 pm Closing Bell Story‎, Crude Oil News, Energy News, Offshore
Source: Reuters

ExxonMobil makes new discovery off Guyana’s coast

Nasdaq


Exxon Mobil Corp XOM.N said on Wednesday it has made a new discovery at Longtail-3 in the Stabroek Block offshore Guyana, as the U.S. oil major develops one of the world’s most important new oil and gas blocks in …

Source: Reuters

Brazil’s offshore revival seeks to double crude output by 2030

Worldoil.com


RIO DE JANEIRO (Bloomberg) –If an energy transition is underway around the world, it hasn’t reached the streets of Ilha da Conceicao, the working-class district at the heart of Rio de Janeiro’s oil revival.

There, buses and trucks are …

Source: Reuters

Shell invests in the Whale Development in the Gulf of Mexico

Shell Invests in the Whale Development in the Gulf of Mexico Canada NewsWire …

Source: Reuters

BP, EnBW enter joint bid in Scottish offshore wind lease round

Reuters


LONDON – BP and Germany’s EnBW said on Monday they had submitted a joint bid for Scottish offshore wind acreage which could support wind projects with 2.9 gigawatts of capacity.

Crown Estate Scotland’s ScotWind wind leasing tender is its …