Offshore News, Offshore Engineer Magazine
4 days ago · OEDigital.com is a leading source for offshore oil and gas news, LNG, shale exploration, operations, and production updates.
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Soaring costs, project delays and limited investment put targets out of reachAfter a year of canceled projects, broken turbines, and abandoned lease sales, the global offshore wind industry no longer has much chance to hit the lofty targets set by governments in the U.S., Europe and elsewhere ... with the exception of China.Reuters spoke to …
Oil And Gas News - OEDigital.com
UK-based oil firm EnQuest has terminated rig contract with Dolphin Drilling for its Borgland Dolphin semi-submersible drilling rig as the joint venture partners in the Kraken field fail to reach agreement on the asset’s 2025 drilling program.EnQuest informed Dolphin Drilling about the early termination of the previously announced 137-day drilling program for Borgland Dolphin.In exchange for ...
Offshore Energy News - OEDigital.com
Oct 30, 2024 · Petrobras has achieved first oil with the Floating Production Storage and Offloading (FPSO) unit Marechal Duque de Caxias, one of the largest ultra-deepwater FPSOs in the world, installed at the Mero field in Santos Basin, offshore Brazil.The FPSO has the capacity to produce up to 180,000 barrels of oil per day and …
Oil Edges to 2-Week High on Ukraine News - oedigital.com
1 day ago · Oil prices edged up about 1% to a two-week high on Friday as the intensifying war in Ukraine this week boosted the market's geopolitical risk premium. Brent futures rose 66 cents, or 0.9%, to $74.89 a barrel by 11:39 a.m. EST (1639 GMT), while U.S. West Texas Intermediate crude CLc1 rose 77 cents ...
Offshore Energy News - OEDigital.com
Nov 12, 2024 · Companies seeking to claim proceeds from a court auction of shares in a parent of Venezuela-owned Citgo Petroleum are pressing a U.S. court to lift an exclusivity deal with an affiliate of Elliott Investment Management, which could pave the way for at least two new bids, sources close to the matter said.The auction of shares in the U.S. oil refiner's parent PDV Holding, aimed at paying 18 ...
Us News - OEDigital.com
Oct 4, 2023 · Exxon Mobil on Friday posted a better-than-expected $36 billion profit for 2023, lifted by fuels trading and higher oil and gas production.Oil majors are expected to report 2023 profits down by about a third from record levels in 2022, as oil and gas prices retreated from the peaks that followed Russia's invasion of Ukraine.Exxon results included a $2.5 billion impairment charge for California ...
Offshore News - OEDigital.com
Mar 1, 2024 · The full-scale XolarSurf floating solar prototype unit, developed as part of a joint effort by Saipem, Moss Maritime, and Equinor, has been deployed offshore Norway where it will remain under trials for about one year.The XolarSurf prototype floater, created in collaboration with the Norwegian manufacturer Kystteknikk and other subcontractors, was lifted and launched at sea at Kystteknikk's ...
Offshore Activity - OEDigital.com
Nov 15, 2024 · BP, Equinor, Shell and TotalEnergies have joined forces to improve global access to energy, committing a joint investment of $500 million for key regions over the coming years.The funding supports the UN Sustainable Development Goal 7 (UN SDG7), which aims to ensure access to affordable, reliable, sustainable, and modern energy for all.With $500 million of committed capital, the joint ...
Offshore Engineer - Insight
Aug 22, 2024 · We are fast approaching a potential inflection point for the U.S. offshore wind industry, the November 2024 elections.On the positive side of the scale, federal and state leases supporting approximately 63 gigawatts (GW) of offshore wind capacity have been awarded to developers on the East Coast ...