Offshore Archives - Page 6 of 88 -

DeepOcean secures Equinor SIMOPRO contract for Åsgard and Visund fields

September 30, 2025

(World Oil)– DeepOcean has been awarded an offshore installation contract by Equinor covering simultaneous marine operations and production (SIMOPRO) on the Norwegian Continental Shelf. The work scope spans two major projects: at the Åsgard field in the Norwegian Sea, DeepOcean will handle riser removal, installation of a new production riser, dynamic umbilical connections from the Berling subsea assets, two static

Chevron expects up to $400 million quarterly impact from Hess deal

September 25, 2025

(BOE Report) – Chevron said on Thursday it was expecting a loss of $200 million to $400 million in the third quarter due to the impact related to the acquisition of Hess. Chevron closed its $55 billion buyout of Hess in July after winning a landmark legal battle against larger rival Exxon Mobil to gain access to the largest oil discovery in decades.

Guyana’s oil output rose to 685,000 barrels per day in August

September 24, 2025

(BOE Report) – Guyana’s oil production increased to 685,000 barrels per day in August from 664,000 bpd the previous month, boosted by the start-up of the fourth floating output facility in the South American country, government data seen on Wednesday showed. A consortium led by U.S. energy major Exxon Mobil, which controls all oil and gas output in Guyana, earlier this

Ocean Geophysics and EdgeTech partner to enhance offshore seabed data processing

September 23, 2025

(World Oil) – Ocean Geophysics has partnered with subsea technology specialist EdgeTech to deliver advanced data processing software tailored for EdgeTech’s new eBOSS (Enhanced Buried Object Scanning System). The collaboration marks a step forward in offshore survey and subsea asset assurance, providing operators with more reliable tools for identifying and monitoring buried infrastructure in oil and gas developments. The eBOSS

ExxonMobil greenlights seventh Guyana project, adding 150,000 bpd capacity

September 22, 2025

(World Oil) – ExxonMobil has reached a final investment decision (FID) on the Hammerhead development offshore Guyana, following government approvals. The $6.8 billion project, the seventh on the prolific Stabroek block, is expected to begin production in 2029. Hammerhead will deploy a new FPSO capable of producing 150,000 bopd, adding to Guyana’s rapid offshore buildout and bringing total installed capacity

Baker Hughes wins Petrobras contract extension for offshore stimulation vessels

September 18, 2025

(World Oil) – Baker Hughes has secured a multi-year agreement with Petrobras to extend deployment of the Blue Marlin and Blue Orca stimulation vessels, supporting production optimization across Brazil’s offshore pre- and post-salt fields. Awarded through an open tender, the contract also covers chemical supply and services, reinforcing Baker Hughes’ Mature Assets Solutions strategy aimed at maximizing brownfield recovery and extending field life. The Blue Marlin and Blue

U.S. Interior Dept. sets offshore leasing schedule under Trump’s OBBBA

August 21, 2025

(World Oil) – The U.S. Interior Department on Tuesday released its offshore leasing schedule under Trump’s One Big Beautiful Bill, garnering support from several energy sector agencies. “A predictable leasing schedule means more American energy, more American jobs, and stronger U.S. security,” said Energy Workforce President Tim Tarpley. “Offshore development doesn’t just power the Gulf, it powers the entire nation. Every single state

ConocoPhillips awards Halliburton multi-year North Sea services contract

August 14, 2025

(World Oil)– ConocoPhillips has contracted Halliburton to deliver comprehensive well stimulation services to improve well performance and reservoir productivity. The contract spans five years and includes three optional extension periods. Under the agreement, Tidewater’s vessel, North Pomor, will be transformed into an advanced stimulation vessel designed to efficiently deliver offshore well stimulation services in the North Sea. The improvements will include Octiv® digital fracturing

ExxonMobil starts production at Yellowtail, offshore Guyana

August 8, 2025

(World Oil) – ExxonMobil Guyana started production today at Yellowtail, the fourth oil development in Guyana’s offshore Stabroek block. Yellowtail’s ONE GUYANA floating production storage and offloading (FPSO) vessel joins the Destiny, Unity, and Prosperity FPSOs, bringing total installed capacity in Guyana to above 900,000 barrels of oil per day. “Yellowtail’s ahead-of-schedule startup is a significant milestone for ExxonMobil and

Repsol-NEO merger forms one of largest producers on UK Continental Shelf

July 31, 2025

(World Oil)– The strategic merger between Repsol Resources UK and NEO Energy is complete, in a deal that will create one of the largest producers on the UK Continental Shelf (UKCS). The combined group has been renamed NEO NEXT Energy Limited. “This combination creates a jointly governed business which will call upon the key strengths of both shareholders,” commented Francisco

US Gulf refiners seek MidEast, S.American oil to offset Venezuela, Mexico losses

July 25, 2025

(BOE Report) – U.S. Gulf Coast refiners are snapping up higher volumes of Middle Eastern and South American crudes to offset the loss of Venezuelan and Mexican barrels, according to ship tracking data, a workaround solution that might be short-lived if the U.S. allows some sanctioned Venezuelan crude to return to the market. The shake-up in trade flows reflects a

TotalEnergies starts production from two offshore Angola projects

July 23, 2025

(World Oil)– TotalEnergies has announced the start of production from the BEGONIA and CLOV Phase 3 offshore Angola projects, which together will add a total of 60,000 bpd of new production. The two subsea tie-back projects will deliver additional production leveraging available capacity on existing FPSOs, TotalEnergies stated, citing added benefits of low marginal costs and low carbon intensities. TotalEnergies

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