Oil & Gas News

Summit challenges cancellation of third Bangladesh FSRU

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Petrobangla, Bangladesh’s state oil and gas company, has decided to cancel the country’s third floating storage and regasification unit (FSRU) project.

ConocoPhillips secures support vessels for Otway drilling program offshore Australia

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ConocoPhillips Australia has contracted three anchor-handling tug supply vessels for the Otway exploration drilling program offshore southeast Australia in 2025.

Shearwater allocates two vessels for deepwater Angola OBN survey

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The ocean-bottom node (OBN) survey will start next January and continue for two and a half months over the Louro and Mostarda fields.

TGS discloses first results from Nefertiti 3S survey offshore Egypt

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TGS has made available fast-track data from the Nefertiti multi-client 3D seismic survey over the Herodotus Basin in the Egyptian sector of the Mediterranean Sea.

ExxonMobil issues its 2024 global outlook report

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Company offers projections on energy demand, sources out to 2050.

CNOOC brings further Bohai Bay oil field onstream

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CNOOC has started up its Bozhong 19-2 oilfield development project in central Bohai Bay, eastern China.

Mocean, Proserv collaborate on low-carbon subsea power development

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Mocean Energy and Proserv have formed a partnership to pursue development of renewable power solutions for subsea control systems.

Gas price fall impacts Norway’s petroleum revenues

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The Norwegian Energy Ministry is projecting net cash flow for the state from petroleum activities offshore Norway at NOK680 billion ($63.85 billion) this year.

Norway stepping up assessment of future offshore wind areas

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The Norwegian government plans to announce Norway’s next available areas for offshore wind development in 2025.

Saipem signs up to geothermal energy partnership

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Saipem has signed a memorandum of understanding with Geolog and Ignis H2 Energy to investigate options for the development of geothermal energy, including offshore.