Boskalis tees up vessels to recover sunk Velesto oil rig
The Naga 7 rig capsized in 2021.
Aramco’s capacity halt is due to energy shift, minister says
The move raised questions about Saudi Arabia’s view on future demand as the world shifts toward low-carbon energy, and was also seen as a concession there’s adequate oil supply from competitors including US shale producers.
Valeura signs up Borr rig to continue southern Thailand expansion
There were more near field exploration targets planned for 2024. These, it said, would support further expansion at the project. Valeura has raised the possibility of a Nong Yao D platform to follow Nong Yao C.
Altera contracts DOF for FPSO, FSO installation work
The Norwegian company will begin project management and engineering “immediately” at its offices in Bergen and Aberdeen.
EET targets September for hydrogen FID at HyNet
“What we’re finding now are new businesses and new opportunities are saying ‘if you can do these hydrogen plans, we will come and locate to the region’. That’s a new dynamic we didn’t have a year ago.”
Equinor targets US, UK and Brazil for cash flow growth
“But most of the cash flow increase is coming from improvements in the quality of the portfolio. We're shifting from mature legacy assets to next generation assets.”
Trident halts drilling as Island Innovator BOP fails
The partners have decided to defer the drilling programme offshore Equatorial Guinea, until they can find another rig and drilling contractor.
VNG inks Germany’s first deal with Algeria for pipeline gas
The Leipzig-based company, controlled by EnBW Baden-Wuerttemberg AG, is the first German gas trader to reach such an agreement with the North African country, said the people who asked not to be named as the business is private.
TotalEnergies “completely optimistic” on Namibian drilling
“We will continue to drill … because everybody is excited. We have another exploration potential well on the south of Venus and we continue to appraise what has been discovered.”
Equinor expects offshore wind costs to improve
The Equinor CEO said he had regular discussions with turbine makers on improving costs. “I’m sure that in time offshore wind will be back with lowering the levelised cost of energy.”
Dorman Long’s Austen-Peters sees Nigerian opportunities
The local content regulations give "line of sight for the next five to 10 years. There’s another six or seven projects that I can see coming, which allows me to double down with investments into hiring and expansion.”
Tellurian shares spike on shale sale plans
“Currently, this approach is more attractive than issuing equity to fund our 2024 development activities and working capital needs,” Simões added.
Perenco bids farewell to Benoit, new CEO set for March
“Another chapter starts now with its own challenges. We will never stop to rest on our laurels and we regularly need to reinvent ourselves by injecting new energy.”
Tethys launches strategic review
“The sentiment for oil and gas stocks is on the very low side, at least in European markets,” Nordin continued. “There is a clear misalignment in valuations”, he continued, when contrasting market cap with how Tethys is valued within the industry.
Samsung Heavy wins major LNG carrier contract
The company said this was larger than its previous largest order, which was for 16 methanol-power containerships, worth 3.95trn won ($3bn).
Can Petrobras walk the line between the state and the pre-salt?
“Under our analysis, we see Brazilian production starting to decline around 2029-30,” Welligence’s Fagundes said. “Given how long it takes to develop a big field, [Petrobras] needs to start finding new reserves.”
UK calls for Senegal elections certainty, amid civil unrest
“We are concerned about the uncertainty created by postponing the Presidential elections,” the Foreign, Commonwealth & Development Office (FCDO) said.
Castorone off Scarborough work for at least a month
Saipem’s initial assessment attributed the problem to a software anomaly. This appeared to have led to a tensioner failing.
Equinor’s Bay du Nord project passes 1bn barrels of reserves
An Equinor representative confirmed to Energy Voice the company was “now in the market again with concept and feasibility studies related to the Bay du Nord development project”.
Global set for new start under the “Dan and Cecilia” team
“The access to capital is no problem for anybody that understands how to present the asset. And that's what we do. We know how to present the opportunities in the right language.”
Exiting Egypt, United’s Larkin eyes a return to deal making
“The first target has an NPV of $4bn, for a $30mn well. We know it’s frontier exploration and the chance of success is maybe 20%, but it stands up.”
Eni boss talks shop with Equatorial Guinea VP
The statement went on to say Descalzi planned to visit Malabo in the near future to present agricultural and energy projects.
Savannah clocks another South Sudan extension
However, Savannah said it is still making progress on the various parts of the deal. These include “in-country approvals”, which are required to complete the deal for Petronas’ assets.
Greta Thunberg trial begins for conference blockade
"They spend millions lobbying our politicians to double down on unaffordable and dirty fuels, locking us into a future of struggle. Their profit is our loss.”
Total strikes for OMV’s Malaysian unit in $900mn move
“This agreement streamlines our Energy portfolio and is in line with the OMV Strategy 2030 of reducing oil and gas production over time,” said OMV CEO Alfred Stern.