UK-based oil and gas company i3 Energy has completed drilling of the Serenity 13/23c-10 well on the company’s fully owned Serenity prospect and discovered oil. i3 said that the well results were consistent with its pre-drill estimates of 197 million barrels (MMbbls) of oil in place for the complete Serenity closure in the company’s licence…
Heerema Marine Contractors, owner of two of the world’s largest offshore crane vessels, has announced plans to power them with energy produced by wind turbines. By switching off the diesel generators, total emissions will be reduced by the equivalent of the annual emissions of approximately 5,000 diesel cars. Netherlands based offshore contractor ‘Heerema Marine Contractors’…
This week Worley acquired the UK-based 3sun Group a 250-strong Great Yarmouth-headquartered installation, inspection and maintenance specialist in offshore wind, in a £20m deal. The transaction will combine the companies’ complementary offshore capabilities, broadening Worley’s participation in the global energy transition. On completion of the deal Worley will seek to offer a complete engineering, procurement,…
The US has announced plans for Lease Sale 254, which will make available 78 million acres of federal waters in the Gulf of Mexico for Oil & Gas development. The prospects sold will hint at the locations of future opportunities in the offshore sector. The sale is scheduled for March next year and will include…
McDermott International has confirmed this week that its Chinese joint venture, Qingdao McDermott Wuchuan Offshore Engineering Co. Ltd has been awarded a large fabrication contract to provide three complex modules for the Arctic LNG 2 project in the Yamal-Nenets Autonomous Region in Russia. The scope of work awarded includes the fabrication of three Pre-Assembled Unit…
ExxonMobil said today it made an oil discovery on the Stabroek Block offshore Guyana at the Tripletail-1 well in the Turbot area. The discovery adds to the previously announced estimated recoverable resource of more than 6 billion oil-equivalent barrels on the Stabroek Block. The engineering, procurement, construction and installation (EPCI) contract is awarded for execution…
ExxonMobil has announced that it has made a final investment decision to expand its Fawley refinery in the UK, which will boost production of ultra-low sulphur diesel by nearly 45 per cent, or 38,000 barrels per day. The more than £ million investment will help reduce the need to import diesel into the UK, which…
The new facility, one of two set to be built by Echelon, has political support and Ireland’s new approach to data centres will be under the spotlight. The objection has been made against Echelon’s project at Avoca River Park in Arklow, Country Wicklow. This has caused local Politicians some concern after planning delays lead to…
Oil & Gas UK released a new report today, claiming that exploration and production companies will need to invest at least £200bn to fully exploit the remaining potential of the UK Continental Shelf. Oil & Gas UK’s (OGUK) Business Outlook 2019 finds continued uncertainty in commodity markets is reinforcing investor caution, with forecasts indicating a…
Italian oil & gas company Eni have announced two discoveries from their exploration projects this week. On Wednesday the company revealed a major oil find from the Agogo exploration project, located in Block 15/06 offshore Angola. Approximately 180km off the coast, the Agogo-1NFW well was drilled by the Poseidon drillship in a water depth of…