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Oil & Gas - Offshore Energy

Oil & Gas

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Oil & Gas

Shell doubles profit in 2022 to record-breaking $40 billion

Shell recorded the highest-ever profit of nearly $40 billion in 2022, which has come under fire from NGOs and environmentalists.

about 3 years ago

Oil & Gas

‘Abundance’ of gas pay at Black Sea well exceeds expectations

Trillion Energy has drilled another well in its 2022 – 2023 drilling campaign on a natural gas field in the Black Sea off Türkiye.

about 3 years ago

Deepsea Nordkapp rig; Source: Odfjell Drilling

Oil & Gas

On emission reduction quest, Odfjell Drilling furnishes rig with new upgrade

Offshore drilling contractor Odfjell Drilling has upgraded one of its semi-submersible drilling rigs with a hybrid system to curb emissions.

about 3 years ago

Oil & Gas

Canadian player takes steps to gain more insight into Black Sea project’s gas potential

Canada’s oil and gas player Trillion Energy has kicked off its 3D seismic reprocessing project for a natural gas field in the Black Sea offshore Türkiye

about 3 years ago

Oil & Gas

Lukoil hits production milestone in Caspian Sea

Russian oil and gas giant Lukoil has produced 50 million tonnes of liquid hydrocarbons at its fields located in the Russian sector of the Caspian Sea. Lukoil discovered the Khazri gas condensate field following drilling and testing of prospecting wells last year. The company plans this year to submi

about 3 years ago

Oil & Gas

OEUK calls for more action to help accelerate shift to low carbon energy

Urgent action is needed from both government and industry to support supply chain companies in sustaining oil and gas activity in order to accelerate the UK’s shift to low-carbon energy, according to the latest report of Offshore Energies UK (OEUK). OEUK’s Supply Chain report is calling on the gover

about 3 years ago

Oil & Gas

PSV to undergo conversion to back subsea and decommissioning activities

Dutch Wagenborg Offshore has signed a long-term agreement with an “energy major” for a platform supply vessel (PSV) that will be converted into a multipurpose offshore vessel set to support subsea activities and decommissioning works. A young PX121 PSV will be converted into a multipurpose offshore

about 3 years ago

Oil & Gas

Following ‘very promising 2023’, energy services sector anticipated to grow to $1 trillion

The global market for oil and gas contractors is expected to rise to a peak of $1 trillion in 2025 and remain at high levels for several years, according to a report by energy intelligence group Rystad Energy. For the 2022-2028 period, overall oil and gas spending is anticipated to stay above $920 b

about 3 years ago

Borr’s Prospector I rig; Source: Neptune Energy

Oil & Gas

Neptune brings another well on stream at North Sea gas field

Oil and gas company Neptune Energy has started production from the tenth well at its operated gas field in the UK southern North Sea.

about 3 years ago

Oil & Gas

Equinor and Vår Energi leave Barents Blue ammonia project as new partner joins

Norwegian energy companies Equinor and Vår Energi are withdrawing from the Horisont Energi-operated Barents Blue project, also known as Europe’s first large-scale blue ammonia production facility. Equinor and Vår Energi decided to leave the project as the cooperation agreement expired on 31 January.

about 3 years ago

Penguins FPSO; Credit: Chris J Ratcliffe; Source: Greenpeace

Oil & Gas

WATCH: Activists board Boskalis vessel carrying Shell’s North Sea-bound FPSO

Environmental activists have boarded Boskalis vessel, which is transporting a circular FPSO destined for Shell’s oil & gas project off the UK.

about 3 years ago

Oil & Gas

TechnipFMC wins ‘large’ iEPCI contract for Aker BP’s oil & gas project

Norway’s oil and gas company Aker BP has awarded TechnipFMC with an integrated engineering, procurement, construction, and installation (iEPCI) contract for the Utsira High development. The contract brings together three projects in the North Sea that will tie back to the Ivar Aasen and Edvard Grieg

about 3 years ago

Central Morecambe platform; Source: Spirit Energy

Oil & Gas

Turning depleted natural gas fields into ‘one of the biggest carbon storage and hydrogen production clusters’

Spirit Energy has confirmed its plan to transform two depleted gas fields in Morecambe Bay into a carbon storage cluster.

about 3 years ago

Oil & Gas

Energy majors and LedaFlow set up carbon capture and storage research consortium

LedaFlow Technologies has formed a research consortium with energy companies ConocoPhillips, TotalEnergies, Equinor and ExxonMobil Technology & Engineering as well as sub-suppliers Kongsberg Digital, SINTEF Industry, and SINTEF Energy Research to enhance its multiphase transport simulator technology

about 3 years ago