Fossil Energy – Energean
After a nine-month hiatus, production has resumed at one of Italy’s key offshore oilfields.
[Read more…] about Adriatic oilfield restarts after months-long shutdownEquinor drops offshore electrification plans
General – Norway
Equinor has abandoned plans to connect several of its offshore oil and gas platforms to Norway’s onshore power grid, citing rising costs that have rendered the projects unprofitable.
[Read more…] about Equinor drops offshore electrification plansTrinidad’s Dragon gas deal makes comeback
Fossil Energy – Dragon Gas
After nearly two years in limbo, Trinidad and Tobago’s long-anticipated Dragon gas deal with Venezuela is back on the table.
[Read more…] about Trinidad’s Dragon gas deal makes comebackChevron expands Namibia portfolio with Walvis Basin stake
Fossil Energy – Namibia
Chevron has deepened its commitment to Namibia’s fast-emerging offshore sector, taking an 80% stake and operatorship of Petroleum Exploration Licence (PEL) 82 in the Walvis Basin – a vast 11,400 km² block located between 72 and 300 km off the Namibian coast.
[Read more…] about Chevron expands Namibia portfolio with Walvis Basin stakeRich gas condensate discovery Namibia
Fossil Energy – Discovery
Rhino Resources, in partnership with Azule Energy, NAMCOR NAMIBIA, and Korres Investments, has announced a rich gas-condensate discovery (~40° API) with the Volans-1X well in PEL 85.
[Read more…] about Rich gas condensate discovery NamibiaShell starts up Victory gas field in UK North Sea
Fossil Energy – Production
Shell UK has started production from the Victory gas field in the UK North Sea, approximately 47 km north-west of the Shetland Islands.
[Read more…] about Shell starts up Victory gas field in UK North SeaExecution Hammerhead offshore project
Fossil Energy – Guyana
Saipem has received by ExxonMobil Guyana the authorization to proceed with the execution of the activities provided for the engineering, procurement, construction and installation (EPCI) offshore contract for the development project of the Hammerhead oil field.
[Read more…] about Execution Hammerhead offshore projectEquinor submits new Rosebank emissions statement
Fossil Energy – Rosebank Oilfield
Equinor has submitted an updated emissions assessment for its Rosebank oilfield in the UK North Sea after a Scottish court rejected development consent for the project on emissions grounds in January.
[Read more…] about Equinor submits new Rosebank emissions statementFugro withdraws financial guidance for 2025
General – Finance
Fugro, based in the Netherlands, has announced it will cut 300 jobs and withdraw its financial guidance for 2025.
[Read more…] about Fugro withdraws financial guidance for 2025Saipem awarded contract for Sakarya gas field development
Fossil Energy – Turkey
Saipem has been awarded a new offshore contract by Turkish Petroleum OTC for the third phase of the Sakarya gas field development project in Turkey.
[Read more…] about Saipem awarded contract for Sakarya gas field development