Tag Archives: jackup market

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.

Snubbing unit mobilized to SASB gas wells offshore Turkey

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Trillion is looking to raise and stabilize production rates in existing wells through reduced water loading.

TechnipFMC secures contract for bp’s Kaskida development in the Gulf of Mexico

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TechnipFMC has been awarded an integrated engineering, procurement, construction and installation contract by bp for its greenfield Kaskida development.

Technical issues, currency movements raise costs of Equinor offshore Norway projects

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Currency fluctuations are pushing up the costs of various Equinor-operated field developments across the Norwegian Continental Shelf.

Regional conflict prompts Chevron to halt Leviathan pipelay

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Chevron Mediterranean has suspended installation activities related to the third subsea gas export pipeline from the deepwater Leviathan field offshore Israel to the near-shore platform.