Offshore
Turkey could work with foreign firms to develop Sakarya gas field
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 …
Equinor gains drilling permit for Barents Sea well
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
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 …
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
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
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
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 …
Shell does not see Prelude FLNG restart before year-end in Australia
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 …
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 …
Energy Companies Begin To Restore Operations After Hurricane Delta
By Erwin Seba HOUSTON (Reuters) – U.S. energy companies were returning workers …
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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 …
Hurricane Delta shuts most U.S. offshore oil output in 15 years
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
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 …
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 …
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
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 …
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 …
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 …
Israel, Lebanon talks raise prospect of gas developments
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 …
Rystad expects swift recovery in offshore oil and gas pipeline market led by Middle East
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 …
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.…
Israel to hold US-mediated talks with Lebanon on sea border – a major breakthrough in the Mediterranean energy politics
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
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 …
Neptune makes first step in offshore execution of North Sea project
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.
BP terminates Deepsea Aberdeen contract
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…
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Hurricane’s heavy rains to dampen fuel demand, offshore sites closed
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, …
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…
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