Fossil Energy
McDermott sets up 2030 emission reduction targets
U.S. offshore engineering and construction services firm McDermott International has set up emission reduction targets, outlined in its recent sustainability report. McDermott’s aim is to reach a 50% reduction in scope 1 and 2 greenhouse gas (GHG) emissions by 2030, as well as a 35% reduction in sco
Eni cheers new oil find offshore Mexico
Eni has made an oil find in Upper Miocene sequences on the Sayulita Exploration Prospect in Block 10 in the mid-deep water offshore Mexico.
Two new deals awarded for Qatar’s giant offshore oilfield
North Oil Company, the operator of the Al-Shaheen field offshore Qatar, has awarded contracts to PTSC and to Rosetti Marino.
Santos offers better deal to Oil Search in push to create top 20 global oil firm
Following the recent rejection of a merger proposal, Australia’s energy giant Santos has improved its offer for its merger with Oil Search.
Bedout Basin: Keraudren Extension 3D seismic survey done
The Keraudren Extension 3D seismic survey in the Bedout Basin offshore Australia has been completed and preparations to drill the Pavo-1 and Apus-1 exploration wells are underway, Carnarvon stated in an update.
KCA Deutag to target energy transition market with new business unit
KCA Deutag has created a new business unit that will expand its offering in both the hydrocarbons and energy transition markets.
Beach Energy gets OK for Geographe subsea campaign
Australian National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) has accepted Beach Energy’s plan to undertake subsea installation and commissioning works within petroleum production licence VIC/L23. The activities are part of the Otway Phase 4 Development project which
Jadestone closes Malaysian deal with SapuraOMV
Singapore’s Jadestone Energy has completed its previously announced acquisition of the Peninsular Malaysia assets from SapuraOMV.
TGS to deliver NOAKA OBN seismic survey
TGS is set to carry out an ocean bottom node (OBN) seismic survey in the NOAKA area on the Norwegian Continental Shelf (NCS).
CNOOC in new project start-up off China
CNOOC Limited has started production from the Liuhua 21-2 oilfield, located offshore China, ahead of schedule.
U.S. offshore rig count down by three units
The number of offshore rigs in the U.S. decreased to 14 last week, according to Baker Hughes weekly rig count reports.
In focus: The pursuit of low-carbon business prospects
This week’s focus was on making vessels greener, low-carbon strategies, green hydrogen, and building a sustainable future.
ExxonMobil and Chevron reverse losses amid higher oil prices
U.S. oil majors ExxonMobil and Chevron both returned to profit in the second quarter of the year driven by higher oil and gas prices.
First oil flows from Petrofac’s Malaysian oilfield
The Petrofac-operated East Cendor field in Block PM304 located offshore Peninsular Malaysia has achieved its first oil production.