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Exploration & Production

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Illustration; Credit: Morten Berentsen/NOD
Exploration & Production

Cooperation, cost cuts, and new tech keys to unlock oil & gas from tight reservoirs

Given the large quantities of oil and gas in so-called tight reservoirs on the Norwegian Continental Shelf (NCS), the Norwegian Offshore Directorate (NOD), reporting to Norway’s Ministry of Energy, has shed light on ways to speed up the oil and gas production from tight reservoirs off the coast of N

about 4 months ago
FPSO Valente (formerly known as FPSO Frade) operating in the Frade field off Brazil; Source PRIO
Exploration & Production

PRIO gets its hands on operating license for Brazilian subsea tie-back project

Brazilian oil and gas company PRIO, formerly known as PetroRio, has picked up an operating license for a subsea tie-back project in the Campos basin off the coast of Brazil.

about 4 months ago
Rendering of the CP2 LNG facility; Source: Venture Global via LinkedIn
Exploration & Production

Singapore firm pens multi-year LNG deal with Venture Global

Venture Global, an American producer of liquefied natural gas (LNG) sourced from North American basins, has secured a long-term LNG agreement with Singapore-headquartered Trafigura.

about 4 months ago
Ras Laffan petrochemicals project in Qatar (aerial view); Source: CPChem
Exploration & Production

QatarEnergy turns off LNG and downstream production taps

Qatar’s state-owned oil & gas giant QatarEnergy has opted to clamp down on output by cutting off the production flow of liquefied natural gas (LNG) and associated products in the wake of the attack on Iran, which the U.S. and Israel launched over the weekend.

about 4 months ago
Deepsea Bollsta; Source: Odfjell Drilling
Exploration & Production

Probe into North Sea rig incident ends

Norway’s state-owned energy giant Equinor has wrapped up its investigation into a well control incident that occurred on a semi-submersible rig working in the Norwegian sector of the North Sea. This incident is classified as being in the company’s highest category of severity.

about 4 months ago
Snorre A platform; Credit: Bo B. Randulff/Even Kleppa/Equinor
Exploration & Production

North Sea becomes richer for another oil discovery

Norwegian state-owned energy giant Equinor has found more black gold in the North Sea off the coast of Norway, thanks to drilling activities with one of Odfjell Drilling’s semi-submersible rigs.

about 4 months ago
An offshore platform and a vessel next to it at sunset
Exploration & Production

Millions committed to bring Southeast Asian gas field to life

West Natuna Exploration Limited (WNEL), a majority-owned subsidiary of Singapore-headquartered natural gas player Conrad Asia Energy, has taken a step to secure future gas supply by greenlighting a final investment decision (FID) for a natural gas field in the West Natuna Sea off the coast of Indone

about 4 months ago
NAGA 2 jack-up rig; Source: Velesto
Exploration & Production

Five-year Asian drilling gig comes Velesto rig’s way

Malaysia’s Velesto Energy, owner of premium jack-up rigs, has landed a multi-year drilling assignment for one of its rigs with Petronas Carigali, a subsidiary of the Asian country’s energy giant Petronas.

about 4 months ago
FPSO Energean Power works at the Karish field offshore Israel; Source: Energean
Exploration & Production

Hormuz shutdown ramifications: Oil price hike to hit $100 as Asia-Europe LNG battle looms

As the closure of the Strait of Hormuz, through which 15% of global oil and 20% of global liquefied natural gas (LNG) supply flows, evokes fears of a major energy shock, analysts at Wood Mackenzie, an energy intelligence group, have warned that oil prices could surge past $100 a barrel (bbl), if flo

about 4 months ago
A man looking at a large vessel at sea
Exploration & Production

Petronas hand-picks FPSO for Asian hydrocarbon redevelopment project

OceanSTAR Engineering Holding, part of Singapore-headquartered OceanSTAR Elite group of companies, has secured a new deal with Petronas Carigali (PCSB), a subsidiary of Malaysia’s energy giant Petronas, for the provision of lease, operation and maintenance of a floating production, storage, and offl

about 4 months ago
Calcasieu Pass terminal; Source: Venture Global
Exploration & Production

Korean player taps US firm for two-decade-long LNG offtake

Venture Global, an American producer of liquefied natural gas (LNG) sourced from North American basins, has signed off on a multi-year LNG deal with Korea’s Hanwha Aerospace, described as a core affiliate of the Hanwha Group.

about 4 months ago
Everllence’s electrically driven compressor trains ordered for Guyana-bound FPSO
Exploration & Production

Everllence’s electrically driven compressor trains ordered for Guyana-bound FPSO

Everllence, formerly MAN Energy Solutions, will deliver its electrically driven compressor technology to MODEC for a floating production, storage, and offloading (FPSO) vessel that will work at an oil project offshore Guyana operated by ExxonMobil. Everllence will deliver four barrel-type RB compres

about 5 months ago
Technip Energies-led JV nets ‘major’ LNG contract with QatarEnergy
Exploration & Production

Technip Energies-led JV nets ‘major’ LNG contract with QatarEnergy

A joint venture (JV) of Technip Energies, as the leader, Consolidated Contractors Company (CCC) and Gulf Asia Contracting (GAC) has secured an engineering, procurement, construction and commissioning (EPCC) contract by QatarEnergy for the onshore LNG facilities of the North Field West (NFW) project,

about 5 months ago
NAGA 8; Source: Velesto
Exploration & Production

No break for Velesto rig as it uses suspension period to work for Jadestone Energy

Velesto Drilling, a wholly-owned subsidiary of Malaysia’s Velesto Energy, has secured a $16.5 million contract with the Malaysian unit of Singapore’s Jadestone Energy for the provision of a jack-up drilling rig. The contract will see the NAGA 8 rig support infill drilling activities at the East Belu

about 5 months ago
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