Offshore
Exploration & Production , Energy Transition , Technology
Opinion: Huge Opportunity for UK Experience in Growing US Offshore Wind
The U.S. offshore wind industry is on the verge of significant acceleration over the coming years, which creates opportunities for experienced U.K. companies, says Jeff Tingley, head of strategy and market development at Xodus.
Lease Sales
Marketed: Merit Energy Anadarko Basin Nonop, Mineral/Royalty Position
Merit Energy Co. retained PetroDivest Advisors for the sale of its oil and gas nonoperated working interest and mineral and royalty interest concentrated in the core of the Anadarko Basin.
Exploration & Production , Emissions , Energy Transition , ESG , Technology
Utilizing Retired GoM Platforms to Achieve ESG Goals
Research shows abandoned offshore oil platforms can be repurposed for a multitude of purposes including carbon capture and storage.
Energy Transition
TotalEnergies JV Targets Floating Wind Projects Offshore US
“Our ambition is to install 100 gigawatts of global renewable power generation by 2030, part of which will come from floating offshore wind projects,” Stéphane Michel, president of gas, renewables and power at TotalEnergies, said.
Field Development , Subsea
Schlumberger Wins Contract for Development of Turkey’s Largest Gas Field
The Sakarya offshore greenfield represents the largest gas reserve ever discovered in Turkey. The subsea development will be located approximately 100 nautical miles into the Black Sea.
Exploration & Production , Digital Oilfield , Subsea
E&P Case Study: A Look at the Latest Digital Twin Innovations from the Field
Here’s how the use of digital twin technology has helped prevent escalated conductor instability and maximize the lifetime of wellheads for an E&P operator in the North Sea and Barents Sea.
Field Development
Chevron Signs Offshore Oil Output Sharing Contract with Suriname State Firm
Chevron, which agreed to pay a signing bonus of $30.88 million, is expected to cover the offshore block’s exploration costs in a first phase that will last six years, Suriname state oil company Staatsolie said.
Acquisitions & Divestitures
Occidental Agrees to Sell Two Ghana Assets for $750 Million
An uptick in oil and gas prices have prompted companies to offload assets that they do not consider core to their business.
Field Development , Discoveries , International , Health, Safety & Environment
EU To Seek Ban on Oil, Gas Exploration in the Arctic
The European Commission proposal reflects the EU's efforts to boost its role on the global stage, though it has limited influence in the Arctic.
Exploration & Production
Occidental Petroleum to Invest $1.4 Billion Offshore Colombia
A subsidiary of Occidental Petroleum signed exploration and production contracts for four offshore blocks located off Colombia’s Caribbean coast, the national hydrocarbons agency said in a statement.