Fossil Energy
Chevron orders key Jansz-Io element worth over $500 million from South Korean shipyard
Chevron has ordered a key element for the development of its Jansz-Io project from a South Korean shipyard.
Equinor to book $1.8 bln impairment as UK field reserves shrink
Equinor has reduced its recoverable reserves estimate for a field in the UK North Sea, which will result in a $1.8 billion impairment.
Turkey’s TPAO wraps up gas flow testing in Black Sea
Turkey’s TPAO has performed the first flow test in Türkali-1 appraisal well in the Sakarya gas field located in the Western Black Sea.
Wood in recruitment drive for 200 roles to support growth in Middle East
Wood has marked a year of strategic growth in the Middle East region after accumulating $580 million of secured backlog in 2021.
McDermott and Australia’s science organisation join forces to advance carbon capture solutions
McDermott and CSIRO have joined forces to advance carbon capture solutions in a quest to bring the industry closer to a net-zero future.
U.S. operator adding 10 offshore supply vessels to fleet
Hornbeck Offshore has inked a deal to acquire ten offshore supply vessels (OSVs) from affiliates of Edison Chouest Offshore.
Aker BP cleared to drill pilot well in North Sea
Norwegian offshore regulator has granted Aker BP consent for exploration drilling in the North Sea, using the Deepsea Nordkapp rig.
Saipem scoops $1.1 billion in new Australia and Guyana awards
Italian oilfield contractor Saipem has been awarded two new offshore contracts in Australia and Guyana, for a total amount of $1.1 billion.
Driven by gas and LNG, global oil & gas investments set to rise in 2022, Rystad says
Global oil & gas investments will expand by $26 bln this year as the industry continues its recovery from the pandemic, Rystad Energy says.
CNOOC plans to boost output over next three years while fostering energy transition initiatives
CNOOC’s 2022 Business Strategy and Development Plan seeks to increase profit and oil & gas production while advocating green initiatives.
TGS begins Natuna Basin 2D seismic data reprocessing
TGS has commenced a broadband 2D regional seismic data reprocessing project covering the Natuna Basin offshore Indonesia. The project includes both West and East Natuna, tying key wells to create a new regional framework, including coverage of Natuna D Alpha, the largest undeveloped gas field in Sou
Top energy transition trends to watch in 2022, as seen by Westwood
Westwood Energy and its energy transition team gave us their views on the main trends that oil and gas firms should watch in 2022.
Heerema coming back to decommission North Sea platforms it installed in the ’90s
Heerema Marine Contractors has been awarded a decommissioning contract by DNO for the decommissioning of two UK platforms.
McDermott says Qatar award is one of the largest single contracts in company history
McDermott has confirmed a recent contract award with QatarEnergy, saying it is one of the largest single contracts McDermott has been awarded in its company history. The structures will be fabricated in a facility with low-carbon or renewable power as part of McDermott’s sustainability commitments.