Offshore

Source: Reuters

Chevron bets on Middle East gas riches and reconciliation

Reuters


HOUSTON/LONDON – After years of focusing on U.S. shale, Chevron Corp CVX.N is staking its natural gas future on the Middle East, a volatile and divided region where energy majors have long tread warily.

CEO Michael Wirth’s pivot away …

Fatih drillship; Source: TPAO

Turkey could work with foreign firms to develop Sakarya gas field

Offshore Energy

Turkey stated that there is a possibility that it would cooperate with foreign companies to develop its massive discovery in the Black Sea.

According to an article by Reuters, Turkish Energy Minister Fatih Donmez stated that the …

October 23, 2020 - 11:00 am Exploration and Production (E&P), International, Offshore
Equinor gains drilling permit for Barents Sea well

Equinor gains drilling permit for Barents Sea well

Offshore-Energy

The Norwegian Petroleum Directorate (NPD) has granted Equinor a drilling permit for a well located in the Barents Sea off Norway.

The NPD said on Friday that the well 7018/5-1 would be drilled from the West Hercules drilling rig …

Rystad Energy Report indicates: Oil production costs reach new lows, making deepwater one of the cheapest sources of novel supply

Rystad Energy Report indicates: Oil production costs reach new lows, making deepwater one of the cheapest sources of novel supply

Rystad Energy

A comprehensive Rystad Energy analysis of oil production costs has revealed that the average breakeven price for all unsanctioned projects has dropped to around $50 per barrel, down around 10% over the last two years, and 35% since …

October 23, 2020 - 4:16 am Crude Oil News, International, Offshore
Transocean Deepwater plans to lay off as many as 110 workers after the Houston offshore driller could not secure a new contract for one of its drillships amid low oil prices.

Transocean Deepwater plans to lay off as many as 110 workers after the Houston offshore driller could not secure a new contract for one of its drillships amid low oil prices.

Houston Chronicle

Between 50 and 110 working on the Deepwater Asgard, an ultra-deepwater drillship operating in the Gulf of Mexico, will be laid off after its contract ends. Layoffs are expected to begin on Dec. 15, and affected workers will …

Suncor said to study sale of North Sea oil and gas fields

Suncor said to study sale of North Sea oil and gas fields

Bloomberg

Canada’s Suncor Energy Inc. is exploring the sale of a handful of oil and gas fields in the North Sea, according to people with knowledge of the matter.

Suncor is studying divesting the 30,000-barrel-a-day Golden Eagle Area on the …

Talos produces first oil from Gulf of Mexico field

Talos produces first oil from Gulf of Mexico field

Off Shore Energy

Houston-based oil and gas company Talos Energy has produced first oil and associated gas from the Bulleit field located in the U.S. Gulf of Mexico.

The Bulleit field is located in Green Canyon 21, which is operated …

Israel’s Enlight now controls one of Europe’s biggest wind farms

Israel’s Enlight now controls one of Europe’s biggest wind farms

Israel Hayom

Renewable energy company acquires control of a large wind energy project in Sweden with a capacity of 372 megawatts and an expected investment of EUR 130-140 million.

Israel’s Enlight Renewable Energy now holds a controlling interest in Sweden’s …

October 20, 2020 - 5:24 am Offshore, Renewable Energy, Wind
Shell does not see Prelude FLNG restart before year-end in Australia

Shell does not see Prelude FLNG restart before year-end in Australia

offshore energy

LNG giant Shell is not expecting to restart full production from its Prelude FLNG facility offshore Western Australia before year-end.

In a brief update on the activities, Shell Australia said work on the hydrocarbon restart process continues. The …

October 15, 2020 - 6:18 am International, LNG, Offshore
US Gulf production, operations restart after Delta

US Gulf production, operations restart after Delta

Houston, 11 October (Argus) — US oil and natural gas producers are redeploying staff to offshore platforms and restarting operations after Hurricane Delta’s pass through the region late last week.

The storm made landfall in the early evening of 9 …

October 11, 2020 - 8:44 pm Crude Oil News, Offshore
Energy Companies Begin To Restore Operations After Hurricane Delta

Energy Companies Begin To Restore Operations After Hurricane Delta

By Erwin Seba HOUSTON (Reuters) – U.S. energy companies were returning workers …

October 11, 2020 - 8:36 pm Crude Oil News, Downstream, Offshore, Press Releases
Drilling rig at Leningradskoye field

Meanwhile in Russia, New gas deposit discovered on Yamal shelf

Gazprom

A new gas deposit was discovered at the Leningradskoye field of the Yamal gas production center.

As a result of drilling and testing of an exploratory well, commercial gas inflow was obtained with a flow rate of about 600,000 …

October 11, 2020 - 6:42 am International, Natural Gas News, Offshore
Source: Reuters

Hurricane Delta shuts most U.S. offshore oil output in 15 years

Reuters


HOUSTON  – A large and powerful Hurricane Delta dealt the greatest blow to U.S. offshore Gulf of Mexico production in 15 years, halting most of the region’s oil and nearly two-thirds of its natural gas output.

Delta was packing …

Norway’s striking labour union, oil firms to meet with mediator

Norway’s striking labour union, oil firms to meet with mediator

off-shore energy

Oil firms and labour officials in Norway will meet on Friday with a state-appointed mediator to try to end a strike threatening to cut output from the country by some 25 per cent.

Six Norwegian offshore fields …

The Johan Sverdrup field in the North Sea. (Photo: Arne Reidar Mortensen)

Extended strike could close the Johan Sverdrup field

energy-pedia


Equinor reports that, if the ongoing strike on the Norwegian continental shelf continues until 14 October, the Johan Sverdrup field in the North Sea will have to close production until further notice.

The union Lederne has taken out 43 …

October 7, 2020 - 9:14 pm Exploration and Production (E&P), Jobs, Offshore
Offshore Oil and Gas Firms Prepare for Yet Another Massive Hurricane

Offshore Oil and Gas Firms Prepare for Yet Another Massive Hurricane

Image source: National Hurricane Center HOUSTON (Reuters) – Oil and gas workers wit…

US Gulf Platforms Shutting as Hurricane Delta Strengthens

US Gulf Platforms Shutting as Hurricane Delta Strengthens

MarineLink


Energy companies were securing offshore production platforms and evacuating workers on Tuesday, some for the sixth time this year, as a major hurricane took aim at U.S. oil production in the Gulf of Mexico.

Hurricane Delta, the 25th named …

October 6, 2020 - 9:20 pm Crude Oil News, Exploration and Production (E&P), Offshore
Source: Reuters

Chrysaor to take over Premier Oil, creating UK North Sea’s biggest producer

Reuters


LONDON – Private equity-backed Chrysaor has agreed a reverse takeover of Premier Oil PMO.L, the firms said on Tuesday, creating the British North Sea’s largest oil and gas producer at a time the sector is facing a sharp …

Hess sells 28% WI in Deepwater GOM to BHP for $505 million

Hess sells 28% WI in Deepwater GOM to BHP for $505 million

OAG360 Publishers Note:  Hess looks likely to use funds to pay down debt, with 1 billion in debt maturity come 2023.  Hess had a cash drop around $434 million in Q2 and will look to use this fresh cash to …

October 6, 2020 - 7:09 am Offshore
Source: Reuters

Tropical storm system threatens US Gulf

Houston, 4 October (Argus) — A storm system near Jamaica is expected to enter the central Gulf of Mexico by midweek and may grow to hurricane force as it heads toward the US coast.

The system was located south of …

October 4, 2020 - 4:46 pm Offshore
Israel, Lebanon talks raise prospect of gas developments

Israel, Lebanon talks raise prospect of gas developments

Energyvoice

Israel and Lebanon have begun discussions on shared boundaries, under an agreement brokered by the US.

Israeli Minister of Foreign Affairs Gabi Ashkenazi thanks US Secretary of State Mike Pompeo for his efforts that led to “the beginning of …

October 2, 2020 - 5:11 am International, Offshore
Rystad expects swift recovery in offshore oil and gas pipeline market led by Middle East

Rystad expects swift recovery in offshore oil and gas pipeline market led by Middle East

Offshore Energy


The global oil and gas market demand for a large-diameter offshore pipeline, known as trunkline, is set for an annual drop of 26 per cent this year, with the size of total installations forecasted to reach 2,150 kilometres

September 29, 2020 - 7:00 am Energy News, International, LNG, Natural Gas News, Offshore, Pipeline News
Oruc Reis seismic vessel - Credit: Sergey Moroz

U.S., Greece Call for Peaceful Resolution of East-Med Maritime Disputes – Great news for the Mediterranean search for energy independence

MarineLink


The United States and Greece called on Monday for a peaceful resolution of maritime disputes in the east Mediterranean as U.S. Secretary of State Mike Pompeo began a two-day trip to Greece amid increased regional tension over energy resources.…

September 28, 2020 - 5:17 am International, LNG, Offshore
Israel to hold US-mediated talks with Lebanon on sea border – a major breakthrough in the Mediterranean energy politics

Israel to hold US-mediated talks with Lebanon on sea border – a major breakthrough in the Mediterranean energy politics

AP


Oil & Gas 360 Publishers Note: This is great news that Lebanon and Israel are sitting down in talks mediated by the United States. We have been covering the wide spread conflict between countries in the Mediterranean over the

Canadian Provincial Government announces new offshore exploration initiative

Canadian Provincial Government announces new offshore exploration initiative

Energy-Pedia


The Government of Newfoundland and Labrador has announced the establishment of a new offshore exploration initiative to provide companies with the incentive to drill more wells in the best prospects. This is a policy measure that will allow all …

September 25, 2020 - 11:00 am Canada, Canada News, International, Offshore
Neptune makes first step in offshore execution of North Sea project

Neptune makes first step in offshore execution of North Sea project

Offshore – Energy


Neptune Energy and its joint venture partners BP and JAPEX have started the subsea construction phase of the Seagull tie-back project, which is located in the UK North Sea.

Neptune Energy sanctioned the Seagull project back in …

BP terminates Deepsea Aberdeen contract

BP terminates Deepsea Aberdeen contract

Offshore Technology 


Oil & Gas Publishers Note: This contract termination falls right in line with BP’s plans to morph into a renewable energy company. We covered this on our “BP Week Podcast Series”. This change is also being followed by

Zion Oil & Gas Drilling Rig Set to Depart for Israel

Zion Oil & Gas Drilling Rig Set to Depart for Israel Zion Oil & Gas Dri…

September 22, 2020 - 4:25 am Corporate Performance Announcements, Offshore, Press Releases
Hurricane’s heavy rains to dampen fuel demand, offshore sites closed

Hurricane’s heavy rains to dampen fuel demand, offshore sites closed

BIC


More than a fourth of U.S. Gulf of Mexico offshore oil and gas production remains shut because of Hurricane Sally, which is creeping inland along the Alabama-Florida border, causing life-threatening flooding and cutting fuel demand in the U.S. Southeast, …

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Genesis Energy, L.P. Provides Operational and Commercial Update

Genesis Energy, L.P. (NYSE:GEL) intends herewith to provide an update on its offshore operati…

September 14, 2020 - 7:12 am Corporate Performance Announcements, Offshore, Press Releases