offshore drilling

Equinor Bets On Electrification to Sustainably Extend Natural Gas Supply to Europe

Equinor Bets On Electrification to Sustainably Extend Natural Gas Supply to Europe

Equinor ASA is phasing out gas-fired generation in one of its most prolific natural gas production hubs in favor of electricity as it looks to increase both the sustainability and the lifespan of its North Sea operations. Norway’s Equinor disclosed that its offshore facilities at the Sleipner field and the adjacent Gudrun platform had been…

April 16, 2024
Norway Awards 62 Offshore Drilling Permits, Boosts Arctic Exploration 

Norway Awards 62 Offshore Drilling Permits, Boosts Arctic Exploration 

Norway has awarded 62 offshore drilling licenses from the country’s 2023 auction, expanding explorable acreage in the Arctic and potentially locking in decades of oil and natural gas supply for European allies. The Ministry of Energy awarded offshore production permits on the Norwegian Continental Shelf to 24 oil and gas companies, with Equinor ASA and…

January 24, 2024
Talos Ramps Up Lime Rock, Venice Liquids-Rich Wells in Deepwater GOM

Talos Ramps Up Lime Rock, Venice Liquids-Rich Wells in Deepwater GOM

While working toward first injections at a carbon dioxide storage site to serve Freeport LNG, Houston-based Talos Energy Inc. said it has begun flowing production from two deepwater wells in the U.S. Gulf of Mexico (GOM). One year after discovering hydrocarbons, the Lime Rock and Venice wells were “brought safely online in late December 2023,” …

January 10, 2024
Shell Shoring Up More U.S. Deepwater Natural Gas, Oil by Sanctioning Great White, Sparta

Shell Shoring Up More U.S. Deepwater Natural Gas, Oil by Sanctioning Great White, Sparta

The deepwater Gulf of Mexico is getting renewed attention by Shell plc, which recently sanctioned two big projects in a row. In the Great White unit, a prolific oil- and natural gas-rich area of the deepwater, is set to expand with three wells, which would be processed through the Perdido platform in Mississippi Canyon, according…

December 26, 2023
North American Oil, Natural Gas Activity Static, but Look for Improvements in 2024, Says NOV CEO

North American Oil, Natural Gas Activity Static, but Look for Improvements in 2024, Says NOV CEO

Oil and natural gas activity in the global offshore and on international land carried Houston-based NOV Inc. during the third quarter, as the North American onshore market retreated, CEO Clay Williams said Friday. During a conference call to discuss quarterly results, Williams said the oilfield technology specialist improved revenues and margins on the backs of…

October 30, 2023
More Global LNG FIDs Tracking for 2023 and Beyond, Says Baker Hughes CEO

More Global LNG FIDs Tracking for 2023 and Beyond, Says Baker Hughes CEO

The opportunities for global natural gas, including LNG, look strong in the near term, with a “number of projects” likely to be sanctioned for the next few years, Baker Hughes Co. CEO Lorenzo Simonelli said Wednesday. During the conference call to discuss second quarter 2023 results, Simonelli said recent customer discussions to advance more liquefied…

July 19, 2023
Lower 48 Hits ‘Near-Term Ceiling’ as International, Offshore E&P Ramping Up, Says NOV CEO

Lower 48 Hits ‘Near-Term Ceiling’ as International, Offshore E&P Ramping Up, Says NOV CEO

Onshore exploration and production (E&P) in the Lower 48 has plateaued for the moment amid multiple constraints, while the international and offshore segments are gathering steam, according to NOV Inc. CEO Clay Williams. Williams hosted a conference call on Tuesday (Feb. 7) to discuss the Houston-based oilfield services company’s fourth-quarter and full-year 2022 earnings.  “After…

February 9, 2023
Cenovus Gives Positive Outlook for 2023 with Jump in Offshore, Oilsands Production

Cenovus Gives Positive Outlook for 2023 with Jump in Offshore, Oilsands Production

A start on additions to oil production offshore Newfoundland topped the 2023 growth agenda prompting a 50% budget increase for 2023 by Calgary-based Cenovus Energy Inc. Spending would jump to C$600-700 million ($450-525 million) in 2023 to begin work on a new platform and drilling, dubbed West White Rose, 180 miles east of Newfoundland’s capital,…

December 7, 2022
U.S. Offshore Natural Gas, Oil Infrastructure Said Under Increasing Cybersecurity Threats

U.S. Offshore Natural Gas, Oil Infrastructure Said Under Increasing Cybersecurity Threats

Cybersecurity risks to offshore oil and natural gas facilities such as those from state actors and cyber criminals are on the rise. In a new report, the U.S. Government Accountability Office (GAO) said the federal government has identified the oil and gas sector as a target of malicious state actors. Exploration and production (E&P) operations…

November 30, 2022
GOM Natural Gas Production Seen Falling for Fourth Straight Year in 2023

GOM Natural Gas Production Seen Falling for Fourth Straight Year in 2023

Natural gas production in the U.S. Gulf of Mexico (GOM) is expected to decline for a fourth straight year in 2023, according to Energy Information Administration (EIA) analysts. GOM gas output is forecast to average 2.1 Bcf/d in 2023, down 0.1 Bcf/d from the expected total in 2022, said EIA analysts James Easton, Kirby Lawrence…

June 24, 2022
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