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When managing multi-billion dollar offshore explorations for oil and gas reserves, discovering efficiencies is paramount. The efficiencies you find in your process greatly reduce costs – even a few minutes of downtime can cost a drilling operator thousands of dollars in lost productivity. View the full article
Petrodec, a decommissioning services specialist, has commenced on the decommissioning of the Amethyst A2D platform in the Amethyst gas field in the UK Southern North Sea. View the full article
New British Prime Minister Liz Truss removed a ban on drilling for shale gas, an effort to boost domestic energy supply that will have to overcome the same obstacles that stymied the industry for the past decade. View the full article
The UK must launch a national effort to cut energy demand, promoting measures like home insulation, heat pumps and hydrogen, alongside maintaining its own oil and gas resources, Offshore Energies UK’s acting chief executive has said in a speech today. View the full article
Guyana has some of the world's biggest offshore discoveries made in years, with 10 billion barrels of recoverable oil and gas starting to come online since 2019. Sulzer has delivered 11 high pressure water injection pumps, and the latest order for five more HPcp pumps will support the largest FPSO in the Stabroek block. View the full article
Aggreko, a provider of mobile, modular power, temperature control and energy services, completed a 10MW flare gas to power project, the largest in Africa, to lower its total cost of energy and lessen emissions from the oil field. View the full article
The state-owned Nigerian National Petroleum Company recently became NNPC Limited, a commercial venture. Rather than operating as a government entity, with all of the red tape and inefficiencies that went with it, the company’s focus has been shifted to productivity and earning profits. View the full article
From Saudi Arabia to West Texas, drillers are pumping more oil to cash in on a scorching price rally. But a region that’s home to a fifth of the world’s crude reserves is mostly missing out. View the full article
The award will increase Lower Zakum field’s gas production capacity from 430 million to 700 million standard cubic feet per day, supporting ADNOC’s plans to cater for increasing global energy demand. View the full article
Baker Hughes Company has announced it is restructuring and simplifying its organization and accelerating its strategic transformation. These changes will simplify operations, enhance profitability, and drive growth, meeting customer needs and producing solutions in the rapidly evolving energy and industrial markets. View the full article
EnergyFunders announced the opening of a new fund, Yield Fund II, available to accredited investors. The company is building upon the recent success of Yield Fund I - its largest fundraising effort to date. View the full article
The award will increase Lower Zakum field’s gas production capacity from 430 million to 700 million standard cubic feet per day, supporting ADNOC’s plans to cater for increasing global energy demand. View the full article
Sarawak Shell Berhad, together with PETRONAS Carigali Sdn Bhd, has taken a final investment decision to develop the Rosmari-Marjoram gas project. Gas production is expected to start in 2026. View the full article
Hydrocarbons remain a necessary part of the global energy mix. Unlocking Uganda’s fossil-fuel resources will help meet its development needs – and even reduce emissions. View the full article
Last year, the NSTA expanded Pathfinder to host more information about a wider range of North Sea projects, including well decommissioning campaigns, and offshore wind and carbon capture and storage schemes. View the full article
The UK’s new government must double or even triple the rate of offshore wind turbine installations to meet its target of a four-fold increase in offshore renewable energy by 2030, according to a new report. View the full article
Liz Truss won the bitter race to succeed Boris Johnson as UK prime minister, and will take power with the country facing brutal economic headwinds that threaten to plunge millions of Britons into poverty this winter. View the full article
Offshore Energies UK greeted the announcement of Liz Truss as the UK’s new Conservative Party leader as a fresh chance to renew the nation’s approach to energy security and accelerate the transition to cleaner energies with careful long-term investment in its home-grown oil and gas resources. View the full article
Texas Comptroller Glenn Hegar announced the Fiscal Year 2022 state revenues highlighting that the oil and gas industry paid record-breaking taxes to the state. View the full article
OPEC+ agreed to make a token oil supply cut for October, a surprise move that shows the alliance is seeking to stabilize global markets after a faltering economic backdrop triggered the longest price rout in two years. View the full article
Employment in the U.S. oilfield services and equipment sector rose by an estimated 6,865 jobs to 648,914 in August, according to preliminary data from the Bureau of Labor Statistics and analysis by the Energy Workforce & Technology Council. View the full article
Shell Offshore Inc., a subsidiary of Shell plc, will sell its 100% interest in Shell Onshore Ventures LLC to IKAV for about $2 billion, effectively ending Shell's upstream operations in California. View the full article
New research commissioned by Offshore Energies UK has revealed that young people are actively seeking careers that have a positive impact on society, with more than half of those surveyed saying they would consider a career in the UK’s energy sector. View the full article
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