(Bloomberg) – Shell Plc’s new boss said cutting oil and gas output would be bad for consumers, echoing a pivot by other major producers toward fossil fuels and energy security. “I am of a firm view that the world will need oil and gas for a long time to come,” Shell Chief Executive Officer Wael Sawan said in an interview with Times Ra...
(WO) – According to Reuters, a sunken fuel tanker in the Philippines has environmental officials scrambling to contain an oil spill that occurred on Friday. The oil spill poses a hazard as it reaches coastal towns and endangers marine life nearby. As of Friday, the tanker, MT Princess Empress, is still unaccounted for and carried 211,338 gallons...
(WO) – Equinor UK Limited has signed an agreement to acquire Suncor Energy UK Limited for of $850 million. The transaction includes a non-operated interest in the producing Buzzard oil field (29.89%), an additional operated interest in the Rosebank development (40%) and Suncor employees based in the UK who work with these assets. The transa...
(WO)– ADNOC Drilling Company has signed an agreement to purchase ten newbuild hybrid power land drilling rigs for a total of $252 million. The drilling rigs use a high capacity battery and engine automation in parallel with the rigs’ traditional diesel generators. The hybrid power technology system stores energy in its batteries to use wh...
(WO) – Sentinel Subsea, specialists in passive subsea integrity monitoring, has successfully deployed several of its proprietary WellSentinel wellhead systems in the Americas. These ground-breaking deployments took place through the successful collaboration with Baker Hughes to deliver passive solutions to the global energy market. Márcio Ba...
(WO) – Offshore Energies UK (OEUK), the representative body for the UK’s offshore energy sector, has announced a package of changes to its board this month. Three new board members have been appointed as outgoing members reach the end of their tenure or take up new roles elsewhere. The appointments come as former CNR International Managin...
(Bloomberg) — Eni SpA is planning a second liquefied natural gas production vessel offshore Mozambique that could be built in less than four years to help Europe diversify supplies of the fuel, according to a company executive. The Italian oil and gas producer’s potential project would complement its $7-billion Coral-Sul FLNG platform moored...
Abu Dhabi National Oil Company (ADNOC) announced a second discovery of natural gas resources in the first exploration well in Abu Dhabi’s Offshore Block 2 Exploration Concession, operated by Eni. The discovery from a new deeper reservoir indicates between 1 – 1.5 trillion standard cubic feet (TSCF) of raw gas in place. This significant find...
Block Energy plc, an exploration and production company focused on Georgia, announced the commencement of Project II of its three-project strategy, which will re-develop the Patardzeuli Middle Eocene reservoir. The project includes the drilling of well JSR-01DEEP by September, Block Energy said. The well will be self-funded using the cash genera...
Oceaneering International announced its Subsea Robotics segment has been awarded a multi-year service contract supporting Petrobras projects off the coast of Brazil. This award continues to build on the remotely operated vehicle (ROV) business in an important energy market. Oceaneering will provide survey and ROV services for AKOFS Offshore’s...