Latest News
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21 Nov 24
US: Ventus Energy expands into US market to drive offshore wind operations
UK-based high voltage (HV) engineering specialist, Ventus Energy, has launched its US entity with two East Coast locations to further support the rapidly growing offshore wind industry in the United States. -
21 Nov 24
TGS awarded OBN contract in Europe
TGS has announced award of an OBN contract in Europe. The company’s node-on-a-rope crew is scheduled to commence acquisition early April 2025 and the contract has a duration of approx. 35 days. -
21 Nov 24
Nigeria: DUG and PetroVision sign collaborative agreement
DUG Technology has announced a new partnership with PetroVision aimed at promoting and delivering specialised seismic data processing solutions in Nigeria. -
20 Nov 24
Trinidad: BP awarded PSC for Block NCMA 2, offshore Trinidad
The Ministry of Energy and Energy Industries (MEEI) has announced that a negotiated Production Sharing Contract (PSC) for Block NCMA 2 has been signed between the Government of the Republic of Trinidad and Tobago and the successful bidder, BP Exploration Operating Company (BPEOC). -
20 Nov 24
US: LG Chem and ExxonMobil sign MOU for lithium offtake
ExxonMobil and LG Chem (a leading global chemical company headquartered in Seoul, Korea), have signed a non-binding MOU for a multiyear offtake agreement for up to 100,000 metric tons of lithium carbonate. The lithium will be supplied from ExxonMobil’s planned project in the U.S. to LG Chem’s cathode plant in Tennessee, which LG Chem expects to be the largest of its kind in the U.S. -
20 Nov 24
Suriname: ExxonMobil withdraws from Block 52 offshore Suriname
ExxonMobil has formally notified Staatsolie that it will withdraw from Block 52 in the Surinamese offshore area. This withdrawal is part of ExxonMobil's ongoing evaluation of assets in its global portfolio. ExxonMobil is transferring its fifty percent working interest to PETRONAS Suriname E&P, which is the operator of the block. -
20 Nov 24
OEUK launches first wind decommissioning guidelines
World-leading decommissioning experts led by Offshore Energies UK have produced a pioneering set of guidelines for the removal of offshore wind turbines which have reached the end of their useful life. Decommissioning of the first generations of wind turbines is already in progress. -
20 Nov 24
UK: Offshore Energies UK announces new champions of the North Sea
Awards for excellence in decommissioning were presented to CNOOC International and J+S Subsea at a celebratory dinner for more than 500 leaders of the North Sea specialist industry organised by OEUK as part of its annual Decommissioning Conference held in St Andrews, Scotland. -
20 Nov 24
US: LandBridge announces agreement to acquire 46,000 surface acres in the Southern Delaware Basin
LandBridge has entered into a purchase and sale agreement to acquire approx. 46,000 largely contiguous surface acres in the Southern Delaware Basin known as the Wolf Bone Ranch for total consideration of $245 million in cash from a subsidiary of VTX Energy Partners, a Vitol investment. -
20 Nov 24
Norway's oil production in October is 8.2 percent more than the NOD’s forecast
Preliminary production figures for October 2024 show an average daily production of 1,988,000 barrels of oil, NGL and condensate. Oil production in October is 8.2 percent more than the NOD’s forecast and 3.9 percent more than the forecast so far this year. -
20 Nov 24
Dolphin Drilling to receive payment of USD 20.75 million following Borgland Dolphin contract cancellation
Dolphin Drilling has reached agreement with EnQuest on the early termination of the previously announced 137-day drilling programme for Borgland Dolphin. In exchange for the cancellation of the contract EnQuest shall pay Dolphin a fee of USD 20.75 million before the end of November. -
20 Nov 24
India: TGS awarded major 3D streamer contract by ONGC offshore India
TGS has announced the award of a significant 3D streamer contract for ONGC in the Mahanadi basin on the East Coast of India. The Ramform Sovereign is scheduled to mobilize for the survey in January 2025 and the contract has a duration of approx. six months. -
20 Nov 24
EnQuest announces operations update
EnQuest has announced operational updates, with revisions to guidance for the year ending 31 December 2024. The updates include operations at Ninian Central, Magnus and Kraken.
