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.

October 22, 2021

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.

October 18, 2021

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.

October 18, 2021

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.

October 18, 2021

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.

October 15, 2021

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.

October 14, 2021

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.

October 14, 2021

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.

October 13, 2021

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.

October 13, 2021

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.

October 11, 2021