A hearing in the Scottish courts this week will decide if planning consent for the UK’s largest undeveloped oil field, and a mature gas basin in the North Sea, will be blocked due to emissions produced by end-use petrol and gas customers.
Recently, Joides Resolution (JR), arguably the most famous research drillship of all time, was prematurely retired and is now in the early stages of being stripped of its equipment prior to scrapping.
Panoro Energy expects growth to continue this year, targeting 40% more production than 2023, despite problems around drilling in Equatorial Guinea.
"The BOP has been checked and tested by the OEM representative on board the rig and declared safe and ready for operations. Island Drilling is evaluating all legal recourse at its disposal to contest the termination."
London-listed Capricorn noted that if first oil occurs before June 30, 2024, Woodside would owe it $25 million - or $50 million.
Galp raised the possibility of farming down its stake and bringing in a partner. It currently has an 80% equity position.
The Norwegian company will begin project management and engineering “immediately” at its offices in Bergen and Aberdeen.
The partners have decided to defer the drilling programme offshore Equatorial Guinea, until they can find another rig and drilling contractor.
Wison New Energies country manager in Nigeria Fan Jian said the company was “confident that our FLNG EPCIC experience will guarantee a successful and efficient delivery. We are excited about advancing to the next stage in the near future.”
The statement from the ministry said the arrival of the FLNG vessel was a “historic moment” for the GTA project. It reported that the LNG scheme was more than 90% complete.
The United Arab Emirates banned ships arriving in its waters that sail under the flag of Cameroon — a move that distances the emirate from risky vessels that have been assembled to transport sanctioned oil.
Westwood expects offshore rig dayrates to continue their upward trajectory across the board in 2024 as supply tightens.
Ocean Installer CEO Kevin Murphy said the Girassol work was "our most significant project award from TotalEnergies to-date".
Success at Mopane would represent a step forward for Namibia’s Orange Basin.
Eni said this second FLNG vessel will begin producing in 2025. The company will market all of the produced LNG, it said.
An Aberdeen oil rig firm has received notice of legal action over a cancelled contract and a dispute over payments.
“Pipeline Production worked their magic, completing the welding and FJC qualification programmes at a super-fast pace. Equipment preparation was a push, but in true Allseas style everything was delivered on time,” the company said on LinkedIn.
“It helps them, it’s beneficial for both sides,” Maxwell said. “It’s a lot of give and taken. We don’t always have a meeting of minds, but it doesn’t prevent us from sitting down.”
Kyari went on to say the company was promoting “several” FLNG schemes and was willing to take practical steps to secure them.
“At the same time [it is] hoping that shareholders with a long-term perspective will continue to support the company through joint ownership in the future”.
“We intend to continue our back-to-back drilling campaign over the remaining term of the contract by appraising the Jonker discovery and drilling at least one more exploration well.”
“We are very focused on resolving all investment-related issues. There is no bottleneck that is too difficult for us to remove”, the president said. “We need each other … we want you to do more.”
“For the first time, the Federal Criminal Court is called upon to judge the criminal liability of a company for bribery of foreign public officials,” the OAG said.
He said the well had been a long time coming. It is in the “the southern part of the MSGBC basin with significant hydrocarbon potential. We hope this project will contribute to developing our future cooperation with ABL Group,” Alhomouz said.
The Norwegian drilling company flagged problems in Nigeria during its third quarter results, filed on November 28.