News Archives - Offshore Technology

Deals relating to energy storage increased significantly in the offshore industry in H1 2022

Data Journalism Team — Thu, 28 Jul 2022 09:00:00 +0000

In the first half of 2022, the number of deals relating to energy storage increased significantly – by 120% from the same period in 2021.

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Italy seeks more gas from Angola and the Congo to cut dependence on Russia

Archana Rani — Mon, 14 Mar 2022 06:27:21 +0000

Italy is planning to purchase additional gas from Angola and the Congo Republic to reduce its dependence on Russia amid the Ukraine crisis.

The post Italy seeks more gas from Angola and the Congo to cut dependence on Russia appeared first on Offshore Technology.

French firm Total confirms Covid-19 cases in Congo

Himaja Ganta — Mon, 27 Apr 2020 10:25:12 +0000

French oil and gas company Total has reported 14 cases of Covid-19 in its operations in Congo.

The post French firm Total confirms Covid-19 cases in Congo appeared first on Offshore Technology.

Oil and gas drilling unlikely to recover to its 2019 levels soon

Yoana Cholteeva — Wed, 15 Jul 2020 14:48:13 +0000

A Rystad Energy analysis has predicted that the number of drilled wells globally will reach approximately 55,350 this year, due to the Covid-19 pandemic.

The post Oil and gas drilling unlikely to recover to its 2019 levels soon appeared first on Offshore Technology.

Wentworth increases production as gas demand improves

Yoana Cholteeva — Wed, 16 Jun 2021 10:59:03 +0000

Wentworth has increased its annual average production guidance for the year to between 70 million and 80 million standard cubic feet per day

The post Wentworth increases production as gas demand improves appeared first on Offshore Technology.

Zenith Energy in negotiations to contract drilling rig for Congo

Srivani Venna — Thu, 27 Feb 2020 11:37:11 +0000

Oil & gas production firm Zenith Energy is in advanced negotiations to contract a rig for carrying out drilling operations in the Republic of Congo.

The post Zenith Energy in negotiations to contract drilling rig for Congo appeared first on Offshore Technology.

Anglo African Oil & Gas signs rig agreement for Tilapia field

Himaja Ganta — Wed, 13 Nov 2019 11:52:21 +0000

Independent developer Anglo African Oil & Gas (AAOG) has inked a rig option agreement with Société de Forage Pétroliers (SFP).

The post Anglo African Oil & Gas signs rig agreement for Tilapia field appeared first on Offshore Technology.

Most reinvention-committed O&G companies expect twice the revenue of least committed

Yoana Cholteeva — Thu, 20 May 2021 13:31:23 +0000

Most committed to reinvention operators expect to grow their revenues and margins at twice the rate of least committed companies.

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Lukoil enters Republic of Congo project for $800m

Umar Ali — Fri, 07 Jun 2019 10:34:41 +0000

Russian oil and gas company Lukoil has acquired a 25% interest in the Marine XIII licence offshore the Republic of Congo for $800m.

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Anglo African Oil & Gas finds oil at Tilapia licence offshore Congo

Srivani Venna — Wed, 30 Jan 2019 00:00:45 +0000

Anglo African Oil & Gas has announced that the TLP-103C well at its Tilapia licence located offshore Republic of the Congo has encountered oil.

The post Anglo African Oil & Gas finds oil at Tilapia licence offshore Congo appeared first on Offshore Technology.

Deals this week: Rosenberg WorleyParsons, CNPC, Equinor

smadhukar — Thu, 18 Oct 2018 23:00:09 +0000

Rosenberg WorleyParsons has won an engineering, procurement and construction contract from Lundin Norway and partners of PL338 for handling the modification work on the Edvard Grieg platform in the North Sea.

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Saipem wins three offshore engineering and construction contracts

Hemanth — Mon, 15 Oct 2018 23:00:40 +0000

Saipem has secured three new offshore engineering and construction (E&C) contracts in Azerbaijan, the North Sea and the Republic of Congo.

The post Saipem wins three offshore engineering and construction contracts appeared first on Offshore Technology.

Congo to call for oil licence tenders in September

Divya Tirumalaraju — Thu, 14 Jun 2018 23:00:44 +0000

Congo Republic plans to call for tenders for an oil licence in September, making it the first licensing round after the oil prices pushed up in 2017.

The post Congo to call for oil licence tenders in September appeared first on Offshore Technology.

MacGregor to supply offloading systems for CNOOC’s offshore field

Archana Rani — Tue, 15 Feb 2022 12:31:18 +0000

MacGregorhas received a contract to supply two offloading systems for CNOOC's gas field development, in the South China Sea.

The post MacGregor to supply offloading systems for CNOOC’s offshore field appeared first on Offshore Technology.

Weekly data: The Ukraine war is forcing governments to rethink post-Covid austerity

Ben van der Merwe — Tue, 29 Mar 2022 12:08:15 +0000

The Russian invasion of Ukraine has seen rises in defence spending in much of the world, meaning austerity measures are back on the cards.

The post Weekly data: The Ukraine war is forcing governments to rethink post-Covid austerity appeared first on Offshore Technology.

BP in deliberations with state-owned energy majors to divest Russian assets

Archana Rani — Thu, 31 Mar 2022 06:58:20 +0000

Oil Major BP has reached out to state-backed firms in Asia and the Middle East to offload its Russian assets.

The post BP in deliberations with state-owned energy majors to divest Russian assets appeared first on Offshore Technology.

China’s CNOOC looking to sell $3bn worth of UK North Sea assets

Archana Rani — Thu, 31 Mar 2022 11:35:36 +0000

CNOOC is considering the sale of its oil and gas assets worth as much as $3bn in the UK North Sea as it reviews its international operations,

The post China’s CNOOC looking to sell $3bn worth of UK North Sea assets appeared first on Offshore Technology.

OPEC+ meeting: modest monthly production amount added, IEA data scrapped

Scarlett Evans — Thu, 31 Mar 2022 13:56:10 +0000

The news comes as no surprise to industry members, given OPEC’s consistent stance on remaining quiet on Russian sanctions and their effects.

The post OPEC+ meeting: modest monthly production amount added, IEA data scrapped appeared first on Offshore Technology.

Germany reviewing Rosneft’s stake purchase in Schwedt refinery

Archana Rani — Tue, 22 Mar 2022 12:08:13 +0000

Germany has suspended Russian oil group Rosneft's planned stake acquisition in the PCK Schwedt refinery under review.

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