Offshore

Exploration & Production

Chevron Sanctions Ballymore Project in Deepwater US Gulf of Mexico

Low-cost tieback is expected to add up to 75,000 barrels per day of oil production.

May 17, 2022

Exploration & Production , Transactions

Brazil’s Petrobras Slashes Plan to Sell Four Concessions

The sale process, which had been in binding phase since late 2018, has been called off “considering the alignment of the concessions to the company’s strategy,” Petrobras said.

May 16, 2022

Investment , Energy Transition

Ontario Teachers to Invest Up to $1 Billion in Macquarie Offshore Wind Unit

Under a deal with Macquarie’s newly launched offshore wind developer, Ontario Teachers’ Pension Plan will invest up to $1 billion into the development of offshore wind farms in South Korea, Taiwan, Japan, Ireland and Britain.

May 13, 2022

Energy Transition , Lease Sales

TotalEnergies, Duke Win Leases in Latest US Offshore Wind Auction

A trade group noted that the winning bids for the wind lease sales offshore North and South Carolina were 17 times higher than a winning bid in the same region five years ago.

May 13, 2022

People , Exploration & Production , Acquisitions & Divestitures

W&T Offshore CTO Steve Schroeder Retires; Huan Gamblin Promoted

Stephen L. Schroeder, senior vice president and CTO of W&T Offshore, will retire, effective June 1. Huan Gamblin is being promoted and will assume the majority of Schroeder’s responsibilities.

May 12, 2022

Exploration & Production , Subsea

Decommissioning: Taking a Cleaner, Greener Approach to Subsea Retrieval

DOF Subsea is on the case with an impressive 99% recycling and reuse rate in North Sea decommissioning project

May 12, 2022

Energy Transition , Technology

OSI Renewables Aims to Improve Offshore Wind Costs, Efficiency

The renewables arm of Oil States Industries is working to test a prototype of its new fixed TLP in the North Sea next year.

May 11, 2022

Exploration & Production , Acquisitions & Divestitures

Equinor Sells Stakes in 2 Norway Fields for $1 Billion Cash

“The agreement includes a cash consideration of $1 billion and a contingent payment structure linked to realized oil and gas prices for both assets for 2022 and 2023,” Equinor said in a statement.

May 10, 2022

Lease Sales

Marketed: Gulf of Mexico ORRI Well Package Offshore Louisiana

An undisclosed seller retained EnergyNet to sell a package of overriding royalty interest (ORRI) in 266 wells offshore Louisiana in the U.S. Gulf of Mexico.

May 9, 2022

Field Development

ConocoPhillips Plans $1.1 Billion Investment as Norway Oil Sector Heats Up

Known as Eldfisk North, the development is part of the wider Ekofisk area in the Norwegian North Sea, where ConocoPhillips has pumped hydrocarbons for more than 50 years. The U.S. operator said the new reserves are expected to come onstream in 2024.

May 9, 2022