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Latest news - International

Subsea7 charters Jones-Act Compliant Vessels in the Gulf of Mexico

Subsea7 charters Jones-Act Compliant Vessels in the Gulf of Mexico   Subsea7 has entered into four long-term vessel charter agreements with Otto Candies LLC and Bordelon Marine LLC, to strengthen offshore construction, inspection, maintenance and repair (IRM), ROV survey, and pipe/umbilical laying support operations, in the Gulf of Mexico. Grant Candies, Wyatt Candies and Ross Candies are IRM, survey, and light construction vessels under charter with Otto Candies LLC. The Connor Bo...

Vaalco Completes One More Etame Field Well

Vaalco Completes One More Etame Field Well   Oil and gas company Vaalco Energy has completed the drilling of the North Tchibala 2H-ST well from the Southeast Etame North Tchibala platform in the Etame field off Gabon. Vaalco said that it successfully drilled and cemented 9-5/8-inch casing string with multiple potentially productive sands in the Dentale 18/19 pay zones behind the casing. It encountered nearly 100 meters of gross Dentale pay sands which, according to the company, ex...

CIA warned about attack on Nord Stream pipeline WEEKS ago - as huge leak spreads

CIA warned about attack on Nord Stream pipeline WEEKS ago - as huge leak spreads   The CIA warned European allies that the Nord Stream pipelines could be targeted a matter of weeks ago, it has been revealed. Oil continues to pump out into the Baltic Sea after three massive tears appeared in the lines connecting Russian gas to Germany yesterday. Sources told German publication Der Spiegel that intelligence agents delivered a "strategic warning" to nations including Germ...

Norway’s Equinor raises emergency preparedness at installations

Norway’s Equinor raises emergency preparedness at installations   Norway’s Equinor, Europe’s largest gas supplier, said on Wednesday it had stepped up security measures at its installations following a suspected sabotage on Nord Stream pipelines in the Baltic Sea. “We have increased our emergency preparedness level in Norway by taking security measures at our installations offshore and on land,” said a company spokesperson, declining to give specifics....

BP enters into a joint venture with WorleyParsons in New Zealand

BP enters into a joint venture with WorleyParsons in New Zealand   BP Oil New Zealand Limited has entered into a joint venture with Australian engineering service provider WorleyParsons, with WorleyParsons taking a 50% shareholding in the established entity New Zealand Oil Services Limited (NZOSL). Under the joint venture agreement, New Zealand Oil Services has been awarded a Terminal Services Agreement for the operation of BP’s seven bulk fuel storage, handling and distribut...

Proserv acquires stake in power system monitoring expert Synaptec

Proserv acquires stake in power system monitoring expert Synaptec   Global controls technology company Proserv has acquired a minority stake in Glasgow based power system monitoring expert, Synaptec, with whom it had initially formed a strategic alliance in October 2020 to drive forward the innovation of disruptive condition-monitoring technologies for the energy sector. Synaptec developed as a spin out business from Strathclyde University in 2014 with its management team, Board of...

Hess and Petronas partnership boosts gas production from key offshore development

Hess and Petronas partnership boosts gas production from key offshore development   Petronas Carigali said first gas production has been achieved from the third development phase of the Hess-operated North Malay Basin (NMB) project offshore Peninsular Malaysia. The state-owned giant said in a statement on Monday that the NMB phase three project, operated by a subsidiary of US independent Hess, had started gas production from the Bergading-B wellhead platform. The most recent de...

Chris Skidmore launches net zero review

Chris Skidmore launches net zero review   Independent review of net zero delivery by 2050 aims to ensure delivery of legally-binding climate goals are pro-growth and pro-business Review will scrutinise green transition to make sure investment continues to boost economic growth and create jobs as well as increase energy security Former Energy Minister Chris Skidmore promises thorough appraisal so that world-leading climate commitment is met in an economically-efficient way...

Brent crude slides below $85 a barrel as dollar surges

Brent crude slides below $85 a barrel as dollar surges   Brent crude fell below $85 a barrel Monday, as recession fears weighed and the U.S. dollar surged. Brent futures for November settlement were trading down over 1% around $84.92 at 8 a.m. London time. West Texas Intermediate futures also fell to trade around $77.93. The U.S. dollar surged to a high not seen since 2002 Monday, while sterling tumbled to a record low against the currency. On Friday, both Brent and WTI futur...

Mass electrification only possible with heavy investment

Mass electrification only possible with heavy investment   Energy industry leaders see an urgent need for greater investment in power grids to better connect regions, secure reliable distribution of resources and meet climate targets. Three quarters (76%) of the 400 senior energy professionals contacted in 75 countries say existing grid infrastructure can’t adequately connect renewable energy sources to areas of high demand. DNV predicts that smart grid implementation will no...

6 new rigs to be added to NIDC drilling fleet

6 new rigs to be added to NIDC drilling fleet   TEHRAN- The managing director National Iranian Oil Company (NIOC) announced the approval of the purchase of six new rigs by the board of directors of the company and said based on this, three offshore rigs and three onshore rigs will be added to the operating fleet of National Iranian Drilling Company (NIDC), which will allow NIDC to have a strong presence in the Persian Gulf again. Making the remarks on the sidelines of visiting the...

Two Barents Sea wells lined up for Transocean rig

Two Barents Sea wells lined up for Transocean rig   Norwegian oil and gas player Vår Energi has secured two types of permits from the country’s authorities for two exploration wells located in the Barents Sea off Norway. These wells will be drilled using a Transocean-owned rig. The Norwegian Petroleum Directorate (NPD) informed on Thursday that it has granted Vår Energi a drilling permit for wells 7122/8-1 S and 7122/9-1, while the Petroleum Safety Authority Norwa...

Carbon storage licensing round attracts 26 bids

Carbon storage licensing round attracts 26 bids   Licences will be awarded early 2023  First injection could take place as early as 2027   New sites could contribute to aim of storing up to 30 million tonnes of CO2 per year by 2030  The future of carbon storage moved a step closer today with 26 bids coming in for the UK’s first-ever carbon storage licensing round.  A total of 19 companies, eager to play a part in the energy transition, exp...

Industry report finds key stakeholders must back demonstration centres to rapidly cut low-carbon technology costs

Industry report finds key stakeholders must back demonstration centres to rapidly cut low-carbon technology costs   A report published today by the Technology Leadership Board, Net Zero Technology Centre, and Accenture, sets out robust recommendations detailing how rapid investment in technology innovation can help enable the delivery of the North Sea Transition Deal’s (NSTD) emissions targets and the creation of a net-zero energy system in the North Sea. The report, &l...

TotalEnergies adds another well to the work scope of Maersk drillship

TotalEnergies adds another well to the work scope of Maersk drillship   A Maersk Drilling-owned drillship has been awarded a one-well extension with TotalEnergies in Suriname. TotalEnergies E&P Suriname has exercised an option to add the drilling of one additional well in Block 58 offshore Suriname to the work scope of the drillship Maersk Valiant, the rig owner informed on Thursday. The contract extension is expected to begin in January 2023, in direct continuation of the r...

TechnipFMC secures subsea contract from TotalEnergies in Brazil

TechnipFMC secures subsea contract from TotalEnergies in Brazil TechnipFMC will reconfigure and install umbilicals and flexible pipes to boost the Lapa North East field’s production capacity.   Oilfield services giant TechnipFMC has secured an engineering, procurement, construction and installation (EPCI) contract from TotalEnergies for the Lapa North East field in the Santos basin offshore Brazil. Under the contract, TechnipFMC is tasked with reconfiguring and installing...

TotalEnergies sells its interest in the Sarsang Oil Field

TotalEnergies sells its interest in the Sarsang Oil Field   TotalEnergies has completed the divestment of its 18-percent interest in the onshore Sarsang oil field in the Kurdistan region of Iraq, to ShaMaran Petroleum Corp., a company listed in Canada and Sweden and focused on oil exploration and development in Kurdistan, for a firm consideration of $ 155 million. An additional contingent consideration of USD 15 million is payable in the future depending on production and oil price...

Petronas to keep oil, gas focus for next decade

Petronas to keep oil, gas focus for next decade   Oil and gas remains the main focus for Malaysia's state-owned oil firm Petronas for the next decade, even as it explores the alternative energy sphere. Gentari, the firm's latest clean energy subsidiary, was set up as a separate entity to keep the core business "lean, mean and generating as much (profit) as possible," said Petronas' vice president of exploration and upstream, Mohd Redhani bin Abdul Rahman. &...

Equinor, others apply for right to explore for oil and gas off Norway

Equinor, others apply for right to explore for oil and gas off Norway   Some 26 energy companies have sought Norway's permission to drill for oil and gas in this year's predefined areas licensing round, the Norwegian ministry for oil and energy said on Tuesday. Some of the firms that have applied for licenses in areas already open to exploration and production include Equinor, Shell, Aker BP, ConocoPhillips, OMV and TotalEnergies. Read the latest issue of the OGV Energy...

Partnership to investigate floating wind turbine offshore storage areas

Partnership to investigate floating wind turbine offshore storage areas   A new industry partnership is set to support the UK’s floating wind industry by identifying offshore storage areas for turbines awaiting installation in the Celtic Sea. TS-Flow© JIP, led by Offshore Solutions Group and delivered in partnership with HR Wallingford, will keep supply chains moving by freeing up space on quaysides and inner-harbours for assembling turbines. Five areas in the Celtic Sea...
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