Offshore NEWS

ONGC sets out aggressive plans to spend about $3.64 billion this financial year as part of government’s drive to reduce oil imports

Suncor Energy could drill up to 16 exploration and appraisal wells in prospective block in Newfoundland & Labrador

TotalEnergies and its partner SOCAR (State Oil Company of the Republic of Azerbaijan) announced the start of production of the first phase of development of the Absheron natural gas and condensate field in the Caspian Sea, around 100 km south-east of Baku.

The Australian government has invited proposals from contractors for the next two phases of decommissioning the Northern Endeavour floating production, storage and offloading vessel that has been stranded offshore for years after the operator of the Laminaria-Corallina oilfields went into liquidation.

In an industry first, ABS has published requirements addressing safety and technical standards for floating offshore wind substations.

An offshore drilling platform stands in shallow waters at the Manifa offshore oilfield, operated by Saudi Aramco, in Manifa, Saudi Arabia, on Wednesday, Oct. 3, 2018.

An international competition is heating up for the engineering, procurement and construction (EPC) contract for two newbuild floating production, storage and offloading vessels destined for Petrobras’ projects offshore its native Brazil.

Saipem has been awarded two new offshore drilling contracts, one in the Middle East and one in the Mediterranean Sea, for a total amount of approximately $550 million.

ADNOC Drilling Company PJSC confirmed the award of five 10-year contracts, totaling approximately $2 billion, in support of ADNOC Offshore’s growing drilling operations.

Nauticus Robotics, Inc. has been awarded a contract with Petrobras to deploy Aquanaut, the company’s autonomous subsea robot, to support Petrobras’ offshore activities.

A small fire has reportedly been extinquished quickly on board Equinor's Gina Krog production platform in the Norwegian North Sea. There were no injuries reported from the fire on Wednesday morning, but production has been shut down, according to Upstream's sister publication DN, which quoted a Norwegian police report.

Drilling for oil in miles-deep ocean water is booming again with rig-rental prices forecast to climb another 18% after doubling over the past couple years, according to Wood Mackenzie Ltd.

The agreement to further develop the Hengam oilfield, which straddles Iran and Oman’s offshore waters, follows an MoU signed last year

Thailand’s national upstream company PTTEP is set to imminently spud its latest wildcat on Block SK 438 offshore Sarawak, East Malaysia, where the company’s aim is to discover more gas reserves for a potential cluster development or a tie-back to existing facilities.

A leading Italian engineering and construction giant has landed a sizeable offshore contract from Saudi Aramco for work on its Marjan oilfield, as a part of the Saudi state giant’s long-term agreement (LTA) with international contracting players.

Seatrium Limited, through its wholly-owned subsidiary Sembcorp Marine Offshore Platforms Pte. Ltd. (“SMOP”), has secured a contract worth more than S$500 million for two offshore wind farm substations from Empire Offshore Wind LLC, a joint venture between Equinor and bp.

Abu Dhabi National Oil Company (Adnoc) has kicked off a fresh tender process for multiple packages involving its multibillion-dollar Hail & Ghasha offshore sour gas development.

Rockwell Automation, Inc., the world's largest company dedicated to industrial automation and digital transformation, it is working with TotalEnergies to implement a robot fleet management system, driving autonomous operations for its offshore platforms. The long-running project will reach a significant milestone with its first test on an offshore asset scheduled for mid-2023.