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Shell has started first oil production from the next development phase of a deepwater oil project offshore Malaysia, the UK-based supermajor said on Friday as Europes largest oil and gas companies are pivoting back to strategies to boost output of fossil fuels.
ExxonMobils eighth oil project offshore Guyana will also be the biggest natural gas development of the Exxon-led consortium in the prolific Stabroek Block. Exxon and its partners in Guyanas oil projects, U.S. Hess Corp and CNOOC of China, expect to produce up to 1.5
The post Offshore workforce biggest demographic fears mental health support will impact jobs appeared first on Energy Voice. North Sea workers aged between 35 and 64 are more likely to believe accessing mental health support will negatively impact their careers, a landmark report has revealed.
(Oil Price) –ExxonMobils eighth oil project offshore Guyana will also be the biggest natural gas development of the Exxon-led consortium in the prolific Stabroek Block. Exxon and its partners in Guyanas oil projects, U.S. Hess Corp and CNOOC of China, expect to produce up to 1.5
(World Oil) – Libyas oil and gas sector is set for a new era of growth and investment following the announcement of its first exploration bid round in 17 years. Offshore infrastructure projects are also advancing, including Enis Structures A&E Project, which channels gas from two fields to the Mellitah treatment plant.
Renewable energy in Brazil will get a boost after the chief executive of Petrobras, the country’s state-run oil giant, said the company will begin buying solar power and onshore wind […] The post Brazil Oil Major Buying Renewable Energy Assets appeared first on POWER Magazine.
(World Oil) – Africas national oil companies (NOC) are moving beyond operating as state-representatives by transforming themselves into competitive upstream players. Boosting production Major oil producers in Africa are striving to boost production and NOC-IOC collaboration is at the forefront.
Today the leading trade body Offshore Energies UK (OEUK) responded to the announcement that the UK has signed a memorandum with Japan to cooperate on offshore wind. OEUK is campaigning for a homegrown energy future that makes the most of the UK’s offshore energy and safeguards energy security and jobs as it journeys to net zero.
The Net Zero Technology Centre (NZTC) has been awarded £2.12m ($2.3m) by the Scottish Government to demonstrate the feasibility of repurposing existing oil and gas assets for offshore green hydrogen production.
Oil, gas, and offshore wind This week's INTOG (The Innovation and Targeted Oil and Gas) leasing announcements got me thinking about the rather curious state of play interface between renewable energy and oil and gas majors.
Bureau of Ocean Energy Management (BOEM) held its long-anticipated offshore wind lease sale for the federal Outer Continental Shelf (OCS) in the Gulf of Mexico (GOM) on Tuesday, August 29, 2023. million winning bid for the lease area offshore Louisiana, submitted by the provisional winner, RWE Offshore US Gulf, LLC (RWE).
Aramcos huge offshore crude oil increment projects are approaching the finishing line. CEO Amin Nasser says the firms spare capacity adds tremendous value given the cyclical nature of oil markets.
CNOOC Limited made major technological breakthroughs in this project and significantly enhanced the development efficiency of offshore super heavy oil'.
Panoro Energy announces a significant new oil discovery has been made at the Bourdon prospect, located on the Dussafu Marin Permit offshore Gabon in which Panoro holds a 17.5 per … Read More The post GABON: Panoro Energy Announces Significant Oil Discovery at the Bourdon prospect appeared first on oilnewsafrica.
UK offshore energy investors are consolidating their assets as the government remains vague on necessary investment criteria - but it could also mean the return of 'dirty word' Cambo. The post What does the future hold for UK’s Rosebank and Jackdaw? appeared first on Energy Voice.
Apollo announced that it has been awarded the £150k Phase 2 Concept Definition for the Hydrogen Offshore Production. HOP2 project is a flagship initiative to demonstrate the feasibility of large-scale offshore green hydrogen production.
Can offshore wind Replace Deepwater for oil & Gas ?? As the Majors transition into Big Energy, a well-curated and diversified offshore wind portfolio holds the promise of the full package: scale with double-digit IRRs, long-term and relatively stable cash flows and high operating cash margins.
Working on an offshoreoil rig or platform is a unique experience Note: In this article, we’ll use the word ‘rig’ and ‘platform’ almost interchangeably, but a rig does the drilling, and a platform does the pumping. Offshoreoil fields represent a substantial portion of the worlds total crude oil output.
Paris, August 29, 2024 –TotalEnergies announces the launch of a pilot project consisting in a floating wind turbine to supply renewable power to Culzean offshore platform. link] INTOG | Innovation and Targeted Oil and Gas
According to a recent report from EY analysing the Norwegian Oilfield Services in 2018, all oil and gas sectors will. The post Real time onshore visibility on your offshore assets – digital twins in oil and gas appeared first on IFS Blog.
In advance of holding an offshore wind lease sale in the Gulf of Mexico, which is expected this summer, the Department of Interior recently took several steps to update the offshore wind regulatory framework. BSEE would also review safety management systems and oil spill response plans.
Al-Sudani chaired a meeting on Sunday to assess summer electricity supply plans and the progress of oil sector projects. Assessment of fuel oil supply, storage, and import logistics. The meeting also reviewed strategic oil projects, including: Basra-Haditha oil pipeline. Artawi [Ratawi] gas complex (Phase II).
VAALCO Energy announces that it has farmed into the CI-705 block offshore Cte dIvoire. Vaalco will become operator of the block with a 70% working interest and a 100% paying … Read More The post Cte DIvoire: VAALCO Energy Acquires 70% Interest in Offshore CI-705 Block appeared first on oilnewsafrica.
Murphy Oil Corporation has announced that a subsidiary has signed a Purchase and Sale Agreement to acquire the BW Pioneer FPSO vessel from BW Offshore.
Petronas signed two production sharing contracts for exploration blocks in the waters of Sabah, the last leases awarded by Malaysia's national oil and gas company under the 2024 bid round.
The primary purpose of this meeting was to present the preliminary areas in Gulf of Mexico (GOM), recently identified by BOEM on July 20, 2022, that may be suitable for offshore wind energy development (WEAs), which are discussed in more detail in a previous blog.
EnerCom Denver is the largest independent investor conference for the global oil and gas industry and broadening energy industry that is open to all energy companies, investors, and professionals to participate. Qualified investment professionals and oil and gas company executives may register for the conference at no cost.
This new development came only after pleas from both the NMFS and the oil and gas industry, stating that vacating the conservation statute in December would bring offshoreoil and gas.
This report analyzes upstream oil and gas production trends over the last three years, based on data from Rextag Energy DataLink. MMBBL 193 BCF Analysis: Hilcorp leads in gas production but is less significant in oil output. MMBBL 193 BCF Analysis: Hilcorp leads in gas production but is less significant in oil output.
With recent increased investments in wind power, the development of floating offshore wind farms presents the potential to access areas previously unavailable. On floating offshore wind farms, a wind turbine is attached to a floating structure which is tethered to the sea floor, as opposed to the turbine being a fixed foundation in the sea.
FRANKFURT/LONDON, July 12 (Reuters) - Oil majors BP (BP.L) and TotalEnergies (TTEF.PA) emerged as the winners in a 7 gigawatt (GW) offshore wind site auction in Germany worth 12.6 The move comes as European oil giants seek to grow their low-carbon businesses by entering the. billion euros ($13.96
In one of the House Committee on Natural Resources’ first oversight hearings, a subcommittee held a hearing focused on restoring American energy dominance through offshoreoil and natural gas development – highlighting the continued shift in tone in the new Congress and Administration.
Innovation and Targeted Oil and Gas | Floating Wind INTOG Crown Estate Scotland has selected 13 out of a total of 19 applications with a combined capacity of around 5.5 GW in the world’s first leasing round designed to enable offshore wind energy to directly supply offshoreoil and gas platforms.
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