Offshore

Equinor’s Brazilian Natural Gas Development Could Supply 15% of Country’s Demand

Equinor’s Brazilian Natural Gas Development Could Supply 15% of Country’s Demand

Norway’s Equinor ASA is set to develop a massive natural gas project offshore Brazil. The company submitted a declaration of commerciality for the BM-C-33 concession in Brazil’s Campos Basin to oil and gas regulator Agência Nacional de Petróleo, Gás Natural e Biocombustíveis (ANP). The $9 billion Raia Manta and Raia Pintada projects on the deepwater…

September 26, 2023
Early Start-Up of Woodside’s Shenzi North Bringing More GOM Natural Gas and Oil Ashore

Early Start-Up of Woodside’s Shenzi North Bringing More GOM Natural Gas and Oil Ashore

More natural gas and oil output is coming ashore from the deepwater Gulf of Mexico (GOM) as Woodside Energy Group Ltd.’s Shenzi North project ramps up in Green Canyon ahead of schedule.  A final investment decision (FID) for Shenzi North, an extension of the Shenzi field, was taken in July 2021, and first output initially…

September 18, 2023
Israel Agrees to Export More Natural Gas to Egypt, Lifting Potential LNG Supply for Europe

Israel Agrees to Export More Natural Gas to Egypt, Lifting Potential LNG Supply for Europe

Israel has agreed to send more natural gas to Egypt, potentially stabilizing future LNG exports to Europe as Egypt balances calls for more supply and domestic demand. Israeli Energy Minister Israel Katz said in a post on X, formerly Twitter, that he had signed an agreement with Egypt to allow for additional gas resources from…

August 24, 2023
Biden Administration Reinstates Macondo Well Blowout Rules, Calls for Protecting Endangered Whales

Biden Administration Reinstates Macondo Well Blowout Rules, Calls for Protecting Endangered Whales

The Biden administration is taking heat from the energy industry after issuing voluntary recommendations for Gulf of Mexico (GOM) oil and natural gas operators designed to protect an endangered whale species, and for reinstating safety rules enacted following the 2010 Macondo well blowout that killed 11 men. The U.S. Department of Interior on Tuesday revived…

August 24, 2023
Canada’s Mackenzie Delta Eyed Once Again for Natural Gas, Oil Development

Canada’s Mackenzie Delta Eyed Once Again for Natural Gas, Oil Development

Native-owned Inuvialuit Regional Corporation (IRC) will have a role in project approvals under a new pact with Canadian officials – if natural gas and oil development, as well as pipeline proposals, return to the Mackenzie Delta and Beaufort Sea. The Western Arctic-Tariuq Offshore Accord was clinched between the IRC, the federal government, as well as…

August 17, 2023
Oilfield Services Firms Growing Revenues in Latin America as International Offshore Expands

Oilfield Services Firms Growing Revenues in Latin America as International Offshore Expands

The main three oilfield services firms see international exploration and production (E&P) companies increasing activity, in particular in the offshore, and despite a slowdown in North America. They all reported growth in their Latin American businesses. SLB Ltd. CEO Olivier Le Peuch said international offshore would drive the upstream industry through this decade. “Second quarter…

July 25, 2023
SLB Sees International Offshore Resurgence, Natural Gas ‘Critical Fuel Source’ in Energy Security

SLB Sees International Offshore Resurgence, Natural Gas ‘Critical Fuel Source’ in Energy Security

SLB Ltd. expects the international offshore oil and natural gas industry to surge through this decade, CEO Olivier Le Peuch said Friday. The No. 1 oilfield services company saw its highest year/year revenue growth in three years in the second quarter of 2023, even amidst a cooling of activity in its North America exploration and…

July 21, 2023
Two Deaths Confirmed, One Person Missing as Pemex Offshore Fire Knocks 700,000 b/d Offline

Two Deaths Confirmed, One Person Missing as Pemex Offshore Fire Knocks 700,000 b/d Offline

Two employees of offshore oilfield services provider Cotemar died and one was still missing Monday following a fire early Friday (July 7) at the Nohoch-A offshore natural gas processing facility operated by Mexico’s state oil company Petróleos Mexicanos (Pemex). The infrastructure serves the Cantarell field in shallow waters of Campeche Bay off southeastern Mexico. Pemex…

July 10, 2023
More Stringent Natural Gas, Oil Well Decommissioning Costs in Works for U.S. Offshore Industry

More Stringent Natural Gas, Oil Well Decommissioning Costs in Works for U.S. Offshore Industry

The U.S. offshore oil and natural gas industry, from unmanned platforms to massive production facilities, is facing higher federal financial assurance rules to cover the cost of decommissioning a well or infrastructure. Under a proposal by the Biden administration, the Bureau of Ocean Energy Management (BOEM) said the proposed rule would “modernize financial assurance requirements…to…

July 6, 2023
Mitsui’s LNG Shipping Unit Invests in Delfin LNG Project Ahead of Anticipated October FID

Mitsui’s LNG Shipping Unit Invests in Delfin LNG Project Ahead of Anticipated October FID

Delfin Midstream Inc. has finalized an investment agreement with shipping giant Mitsui O.S.K. Lines Ltd. (MOL) for its Delfin LNG export project ahead of a possible final investment decision (FID) later this year. Delfin disclosed MOL has agreed to take an undisclosed stake in the proposed Louisiana offshore liquefied natural gas project and will be…

June 12, 2023
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