Petronas has signed a late life asset PSC with Ping Petroleum for a cluster of three developed fields offshore Peninsular Malaysia.
North Sea Transition Authority (NSTA) has awarded 27 licenses in areas with the potential to go into production more quickly than others to bolster Britain’s energy security.
New programs for the transformation of the offshore energy sector are here. Through these actions, the industry is dealing with the following questions: to provide energy that is secure, affordable and lower in carbon. Example number one: Korea’s Ministry of Trade, Industry and Energy (MOTIE), energ
The incidents that caused damage to the Balticconnector gas pipeline and telecom cables between Estonia, Finland, and Sweden are related, according to Estonian Prime Minister Kaja Kallas. Kallas met with Finnish Prime Minister Petteri Orpo and Swedish Prime Minister Ulf Kristersson in Brussels yeste
The floating production storage and offloading unit (FPSO) Almirante Barroso, deployed at Petrobras’ deepwater oil field in the Santos Basin offshore Brazil, has reached full production in record time. The FPSO, which operates in the Búzios field in the pre-salt layer of the Santos Basin, reached fu
Australian energy infrastructure developer Venice Energy and its compatriot energy provider Origin Energy have agreed on a structural framework that will underwrite the commercial viability of the Outer Harbor LNG import terminal to be built at Port Adelaide. The agreement will see Origin become the
U.S.-headquartered energy giant ExxonMobil has made another oil discovery at the Stabroek block, representing the fourth discovery offshore Guyana for this year. Guyana’s Ministry of Natural Resources (MNR) reported that the Lancetfish-2 appraisal well had resulted in a “significant discovery”. The
Following the start of production from an oilfield located in the South China Sea, Chinese oil and gas giant CNOOC Limited has kicked off production from another development, this time in the Bohai Sea. CNOOC Limited announced on October 27 that the Penglai 19-3 Oilfield Area 5/10 development projec
ARO Drilling, a 50/50 joint venture between Valaris and Saudi Aramco, has secured financing for its first two new-build jack-up rigs, set to work for Saudi Aramco. ARO has entered into a $359 million term loan with a syndicate of local Saudi Arabian banks to finance the deliveries. The proceeds will
Texas-based oil and gas services company Trendsetter Engineering has completed the delivery of subsea equipment for Woodside Energy’s field in the Gulf of Mexico, recently brought on stream. Under the contract secured in 2021, the Houston-headquartered company delivered two subsea manifolds, two hig
Norwegian oil and gas company OKEA has made an oil discovery near the Brage field in the North Sea. According to the Norwegian Petroleum Directorate (NPD), between 0.2 and 0.5 million Sm3 of recoverable oil was proven in connection with drilling well 31/4-A 13 E in the northern part of the North Sea
Italy’s Rosetti Marino has secured an engineering, procurement and construction (EPC) contract, said to be worth more than €300 million, with compatriot Saipem for work offshore Libya. Under the contract, Rosetti Marino is in charge of the construction of a gas recovery module (GRM) of approximately
Just shortly after Allseas was awarded a contract for the project, MAN Energy Solutions secured work for the first large-scale carbon capture and storage (CCS) project in the Netherlands. MAN Energy Solutions will deliver three integrally-geared compressor trains (IGC) for the Porthos (Port of Rotte
Chinese oil and gas giant CNOOC Limited has commenced production from an oilfield development located in the South China Sea. CNOOC reported on October 25 that the Enping 18-6 oilfield development project had commenced production. The project is located in the Pearl River Mouth Basin of the South Ch
