Fossil Energy
Soaring oil & gas demand to catapult well intervention over $14 billion by 2031, Fact.MR says
Offshore oil and gas exploration projects are expected to double the growth of well intervention market, as operators seek to increase production from existing fields.
Baltic Pipe readies for next construction milestone
The pipeline end manifold (PLEM) structure, which is going to connect the Baltic Pipe with the Norwegian gas pipeline Europipe II, will soon be installed onto the seabed.
Biden on a mission to combat rising energy prices and lack of supply by tapping into oil reserves
President Biden ordered the release of oil from the nation’s Strategic Petroleum Reserve in an effort to address rising gas prices.
Equinor files plan for further development of North Sea field, unveils investment of over $1.1bn
Equinor and its partners have submitted a PDO for the Oseberg field and revealed plans for investing over $1.1. million in this development.
Trinity reveals farm-down goals after getting green light for field development plan off Trinidad
Trinity has disclosed its farm-down plans, following the MEEI’s approval of its FDP for the Galeota project, off the East Coast of Trinidad.
Wood secures work on Turkey’s largest gas reserve
Scottish consulting and engineering company Wood has secured a contract with Turkish Petroleum (TP) for the Sakarya gas field development project.
Lekoil appoints three Nigerian nationals and industry veterans to its board
Lekoil has added three Nigerian nationals with extensive experience in the energy industry to its board of directors.
Offshore regulator probes into Equinor’s management system for materials, lifting equipment & ops
The PSA has found one irregularity during an audit of Equinor’s management system for materials handling, lifting operations and lifting equipment.
U.S. offshore rig count stays flat for two weeks
Based on Baker Hughes’ weekly rig count report, the number of offshore rigs in the U.S. remained unchanged at 15 for two weeks in a row.
Western Gas locks in drilling slot for Valaris rig
Western Gas has executed the formal contract with Valaris for the MS-1 semi-submersible rig to drill an exploration well off Australia.
Serica kicks off production from UK North Sea gas field
Upstream oil and gas company Serica Energy has started production from its Columbus field, located in the Central North Sea.
NTSB: Tanker master’s fatigue led to allision with O&G platform
A tanker operating company’s decision to change masters without a handover period led to a $72.9 million marine accident, according to a National Transportation Safety Board (NTSB) Marine Accident Brief issued on 23 November.
WATCH: Neptune installs manifold for UK North Sea project
Neptune Energy has completed the installation of the manifold and umbilical for the Seagull project in the UK Central North Sea.
Petrofac extends contract with EnerMech by three years
EnerMech has confirmed a three-year extension deal with Petrofac, taking their working relationship beyond the 10-year mark.