Greek Cypriot energy minister says energy companies will drill in search of natural gas in waters off the east Mediterranean island’s southern coast at eight separate sites over the next two years. Speaking at a presentation of his ministry’s works between March 2018 and April 2019 Georgios Lakkotrypis said Tuesday...
ENI has made a new light oil discovery in Block 15/06, in Angola’s deep offshore. The well was drilled on the Ndungu exploration prospect. The new discovery is estimated to contain up to 250 million barrels of light oil in place, with further upside. The Ndungu-1 NFW well is located...
China’s CIMC Raffles has confirmed it has signed a two-year contract with CNOOC for the lease of the giant ultra-deepwater semi-submersible drilling rig, the Bluewhale I. To remind, Offshore Energy Today reported on the deal back in late March – based on data from Bassoe Offshore – however, it was...
With interest high in oil and gas opportunities offshore Brazil, the country known for its deep water and huge presalt reserves is preparing for another set of auctions this year. Investors will have plenty of opportunities to take part in strengthening Brazil’s energy sector. The main one, according to Marcio...
DNV GL is urging offshore oil and gas operators to implement a new solution using floating wind turbines to power water injection for oil recovery. “WIN WIN” (WINd powered Water INjection) was conceived in 2013 by DNV GL and is now ready for prototype development after two joint industry projects...
Rosnedra has confirmed a record oil find in the Yenisey River delta. Russia’s state mineral extraction agency estimates that the Paykha fields may hold as much as 8.4 bbls where the Yenisey flows into the Kara Sea. Russia's business daily Kommersant called the estimate one of the largest...
BP is “deadly serious” about reducing emissions from oil and gas production, said Gordon Birrell, BP’s COO for production, transformation and carbon, at OTC. Some in the industry are finding ways offshore to produce energy smarter as oil and gas companies, large and small, are feeling the pressure to address...
Petrobras' chief technology and production development executive officer says Brazil's national oil company keeps technology high on its agenda. Rudimar Andreis Lorenzatto spoke at a "topical luncheon" on Day 1 at the 2019 OTC in Houston. Petrobras is the world's largest deepwater producer. Lorenzatto said the company's technological targets include:...
Oilfield technology firm Airborne Oil & Gas and engineering company SÍMEROS TECHNOLOGIES have signed a collaboration agreement which aims to deliver the first qualified Thermoplastic Composite Pipe (TCP) Risers in the deepwater region Brazil. Last year, Airborne Oil & Gas commenced its TCP Riser qualification program. The technology is believed...
The United States and European Union have expressed deep concern over Turkey’s plans for offshore drilling operations in an area claimed by Cyprus as its exclusive economic zone, adding to tensions between Ankara and its Western allies. The statements at the weekend came after Turkish Foreign Minister Mevlut Cavusoglu said...