Offshore - Oil & Gas

  • What does the maritime industry need to survive...

    The conference witnessed the presence from global industry experts who are specialized in classification, offshore, and ship building and ship management fields and they discussed the opportunities ahead to develop the maritime sector in light with `the full support coming from the government entities

  • Deep Potential: E&P Activity Offshore Myanmar

    While offshore production activity in Myanmar began in 1998, deepwater E&P in the country is arguably still nascent. However, recent deepwater gas discoveries off Myanmar seem to have bolstered the confidence of oil companies sufficiently for them to start planning deepwater drilling campaigns, in spite of weaker energy prices. Could these first steps be indicative of Myanmar’s deepwater E&P potential?

  • DGH, Jt Secy to be govt nominees on oilfield...

    Upstream regulator DGH and Joint Secretary (Exploration) in the Oil Ministry will be the government nominees on oversight committees that will monitor the 30 small discovered oil and gas fields awarded in the first round of auction.

  • Wind-powered offshore decommissioning in Rotterdam

    The Port of Rotterdam is in the process of building a new offshore wind centre, which will be used to decommission oil and gas platforms close by. The project’s potential is undeniable – both in terms of environmental performance and the local economy – but the port is treading new ground, as Ross Davies discovers.

  • Romania's OMV Petrom to invest 70 mln euro...

    Romania's top oil and gas group, OMV Petrom [BSE:SNP], said on Monday it plans to invest 70 million euro ($83.5 million) into a new drilling campaign in the shallow waters of Istria block in the Black Sea. The campaign includes the drilling of two wells by the end of this year and a further two by mid-2018, OMV Petrom said in a press release. The wells are planned to be drilled to depths of up to 2,000 meters below sea level.

  • The Guardian view of offshore wind: cheaper and...

    The precipitous drop in the price of electricity from offshore wind turbines should be a tipping point for green technology. In 2014 the current generated by a forest of giant whirling fans out at sea was priced at around £150 per megawatt hour. In the latest auction this week the comparable cost dropped as low as £57.50/MWh. 

  • Oman invites bids for 4 oil and gas blocks

    The Ministry of Oil & Gas has unveiled a total of four onshore hydrocarbon blocks for investment as part of the Oman Licensing Round 2017, registration and bidding for which formally commences on September 20, 2017. Up for grabs are Block 43B, Block 47, Block 51 and Block 65 — part of a portfolio of over 10 open blocks that will be tendered over the next few years, the ministry said in a backgrounder on the new Licensing Round.


Statoil Greenlights Arctic Offshore Oil Project

Statoil has given the green light to the biggest offshore project of 2017, a $6 billion development in the Barents Sea called Johan Castberg. The field is believed to hold about 450-650 million barrels of oil, which would be a significant boost to the Norwegian state oil company's portfolio.


Exxon Eyes Egypt's Offshore Oil and Gas

Exxon Mobil is considering a foray into Egypt offshore oil and gas, seeking to replicate rivals' success in the country and boost its reserves, officials and industry sources said.


DUC partners approve the largest ever Danish North Sea investment

Maersk Oil is pleased to announce that the Danish Underground Consortium (DUC) has approved an investment of approximately 21bn DKK in the full redevelopment of the Tyra gas field. The announcement follows the Danish Parliament’s approval to implement legislation to secure the investment.


ADSB successfully expands into oil and gas industry despite low oil prices

Abu Dhabi Ship Building PJSC (ADSB), a leading provider of construction, repair and refit services for naval, military and commercial vessels, announced today that it has expanded its services portfolio to the oil and gas industry. This is the company’s first foray outside of the naval, marine and defense sector, as it opens up to opportunities beyond its traditional industries of focus.


Suncor Energy announces 2018 capital program and production outlook

Suncor released its 2018 corporate guidance today which includes a capital program of between $4.5 and $5.0 billion and average upstream production of 740,000 to 780,000 barrels of oil equivalent per day (boe/d). The midpoints of these ranges represent a year over year production increase of more than 10 per cent and a capital spending reduction of approximately $750 million.