(World Oil) – Namibia’s next wave of offshore oil drilling is set to begin with the arrival of a rig near an existing discovery made by Galp Energia SGPS S.A. Saipem SpA’s Santorini drillship showing a destination of “Mopane,” the name of the find made by Galp, arrived at the site of the field early on Wednesday, according to ship
(Yahoo Finance) – LONDON – Top British North Sea producer Harbour Energy wants to sell stakes in North Sea oilfields and is reviving plans for a U.S. listing, sources said, as more firms scale back investments ahead of new tax increases on the sector. The Labour government, which was elected in July, wants to use the revenue from oil and gas
(World Oil) – TDI-Brooks has successfully completed its fifth geotechnical investigation for DenAr Ocean Engineering S.A. The RV Nautilus was dispatched to the Black Sea from the U.S. East Coast to facilitate this operation. The geotechnical aspect of the investigation included 49 Gravity Cone Penetrometer Tests (gCPTs), 50 Jumbo Piston Corers (JPCs), 48 Cone Penetration Tests (CPTs), and 41 BCs.
(World Oil) – Petrobras is pushing to extract as much oil as possible from its existing fields in Brazil while simultaneously hunting for new reserves to prevent production from starting to decline in the 2030s. The mantra “all the oil counts” will guide the company’s next strategic plan that will be unveiled in late November, members of the management team
(Oil Price) – BP is considering a potential sale of a minority stake in its offshore wind business in a move to reduce spending on project developments in the sector, anonymous sources have told Reuters. Currently, BP doesn’t operate offshore wind farms, but it had a pipeline of offshore wind developments worth 9.6 gigawatts (GW) as of June this year. The UK-based
(World Oil) – Transocean Ltd. today announced a one-year contract for the Deepwater Conqueror with an undisclosed operator in the U.S. Gulf of Mexico. The contract is expected to commence in October 2025 and contribute approximately $193 million in backlog, including additional services. About Transocean Transocean is a leading international provider of offshore contract drilling services for oil and gas
(World Oil) – North Star has secured its first contract for a commissioning service operation vessel (CSOV), a second award with EnBW, further establishing the company’s growing presence in the European offshore wind sector. This award for the newbuild Grampian Kestrel CSOV (of VARD 4 22 design), will precede the decade-long minimum charter contract the firm signed in February to
(Oil Price) – Chevron has shut in its Blind Faith platform in the U.S. Gulf of Mexico and evacuated all personnel from the facility in preparation for Hurricane Milton, the supermajor said on Monday. “Production from our other Chevron-operated Gulf of Mexico assets remains at normal levels,” Chevron said in a media update as weather services, forecasters, and Gulf of Mexico producers are
(World Oil) – Helix Energy Solutions Group Inc. is exploring strategic options, including a potential sale, people familiar with the matter said. The Houston-based offshore drilling services provider is working with advisers to gauge interest from potential buyers, according to the people, who asked not to be identified discussing confidential information. Shares in Helix rose as much as 10.4% on Thursday.
(Oil Price) – Chevron has resumed natural gas production and supply from two platforms offshore Israel, where output was briefly suspended as a precaution due to the Iranian missile attack on Israel on Monday. Iran yesterday fired more than 100 ballistic missiles into Israel after the United States warned Israel on Monday morning that an attack was imminent. Oil prices jumped after news
(World Oil) – The U.S. Federal Trade Commission is expected to greenlight Chevron Corp.’s $53 billion deal to buy Hess Corp., according to Reuters. The FTC could announce the decision as soon as this week, Reuters reported, citing people familiar with the matter. Chevron would still need to win an arbitration case filed by Exxon Mobil Corp. in order to close
(BOE Report) – U.S. oil producers were scrambling on Monday to evacuate staff from Gulf of Mexico oil production platforms as the second major hurricane in two weeks was predicted to tear through offshore oil producing fields. The U.S. National Hurricane Center said a potential Tropical Cyclone in the Caribbean was expected to rapidly intensify over the gulf’s warm waters
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