(WO) – bp Trinidad and Tobago (bpTT) and EOG Resources Trinidad Limited have agreed to partner on the Coconut offshore natural gas development. Coconut will be a 50/50 joint venture with EOG as operator. The final investment decision has been made by the joint venture partners and first gas is expected in 2027. […]
(WO) – OPITO has introduced a new standard to ensure greater competence and safety around helipads, benefiting offshore workers worldwide who rely on safe transfers to energy facilities on the open sea. The new Helicopter Administrator Workplace Competency Assessment Standard is consistent with the best practices and requirements for helicopter administrators as set […]
OMV (Norge) AS, operator of PL 1194, completes drilling in the Norwegian Sea for the “Haydn/Monn” exploration areas. The well encountered gas with an estimated total recoverable volume of 30 to 140 million barrels of oil equivalent (boe). “By focusing on gas as a transition fuel, OMV is investing in affordable energy solutions and contributing […]
(Bloomberg) — Sinopec, China’s largest oil refiner, reported a slight increase in first-half profit as better performance at its upstream operations offset weakness in refining and petrochemicals. Net profit for the first six months was 35.7 billion yuan ($5 billion), up 1.7 percent from a year earlier, according to a stock exchange statement on Sunday. […]
OMV (Norge) AS, operator of PL 1194, has completed drilling operations in the Norwegian Sea targeting the “Haydn/Monn” exploration areas. The well encountered gas with an estimated total recoverable volume of between 30 and 140 million boe. “By focusing on gas as a transition fuel, OMV is investing in affordable energy solutions and contributing to […]
(WO) – PETRONAS recently commenced maiden gas production from the Kasawari field in Block SK316, approximately 200 km offshore Malaysia. The initial flow rate will be 200 MMcfd. Block SK316 is operated by PETRONAS Carigali Sdn Bhd (PETRONAS Carigali), which holds a 90% interest, while the remaining 10% is owned by Exploration and […]
(Bloomberg) — According to Kevin Gallagher, chief executive of Santos Ltd., demand for natural gas will remain strong despite government and corporate efforts to reduce emissions to zero by mid-century. Gallagher is under pressure to deliver on its ambitious strategy to increase production by more than 50% by the end of the decade and establish […]
(WO) – On August 12, Offshore Oil Engineering Co., Ltd. (COOEC) delivered the Marjan oil and gas gathering and transportation platform ordered by Saudi Aramco. According to the company, the platform is the heaviest and most powerful Chinese-made international offshore oil and gas platform in Qingdao, Shandong. This is a “new breakthrough” in international offshore […]
(WO) – On August 12, Offshore Oil Engineering Co., Ltd. (COOEC) delivered the Marjan oil and gas gathering and transportation platform ordered by Saudi Aramco. According to the company, the platform is the heaviest and most powerful Chinese-made international offshore oil and gas platform in Qingdao, Shandong. This is a “new breakthrough” in international offshore […]
Iran is launching a $70 billion investment program to halt the dramatic decline in production at its key South Pars gas field. Failure to do so will result in 40 percent of the country’s oil production from the Persian Gulf Star gas condensate refinery being lost and petrochemical costs increasing by as much as $12 […]
