Cognite Cognite DNV Community Cognite
Latest news - International

Norway Offers New Offshore Licenses To 28 Oil Firms

Norway Offers New Offshore Licenses To 28 Oil Firms   The Norwegian Ministry of Petroleum and Energy has offered 28 companies ownership interests in a total of 53 offshore oil and gas production licenses on the Norwegian Shelf in the Awards in Predefined Areas (APA) 2021. Awards in predefined areas (APA) is an annual exploration round in the most mature areas on the Norwegian shelf....

Heerema to transport and install six jackets for Saudi Aramco project

Heerema to transport and install six jackets for Saudi Aramco project   Heerema Marine Contractors has been awarded a contract by McDermott to transport and install six large jackets within Package-1 of Saudi Aramco’s Marjan Increment programme. The Marjan oil and gas field is located in the Arabian Gulf off the eastern coast of Saudi Arabia. The Marjan increment programme is an integrated development project to increase the production capacity from the Marjan offshore field....

Chesapeake Nears $2.4 Billion Deal for Chief Oil, Reuters Says

Chesapeake Nears $2.4 Billion Deal for Chief Oil, Reuters Says   Chesapeake Energy Corp. is in advanced talks to acquire privately owned natural gas producer Chief Oil & Gas Inc. for about $2.4 billion including debt, Reuters reported, citing people familiar with the matter. A deal could be announced as soon as this week, Reuters said. The news agency reported in October that Chief Oil & Gas was exploring a sale amid the surge in energy prices that was boosting valuations i...

Equinor awarded 26 new production licences on the Norwegian continental shelf

Equinor awarded 26 new production licences on the Norwegian continental shelf   Equinor has been awarded 26 new production licences by Norway’s Ministry of Petroleum and Energy in the 2020 Award in Predefined Areas (APA) - 12 licences as operator and 14 licences as partner. “Exploration is essential to secure continued value creation on the Norwegian continental shelf (NCS). The APA rounds are very important to us and we are pleased about the award of new production lic...

TWMA reaches key UAE milestone as it achieves API Q2 Certification

TWMA reaches key UAE milestone as it achieves API Q2 Certification Drilling waste specialist also delivers landmark four million man-hours LTI free   Specialist drilling waste management company TWMA has secured the American Petroleum Industry (API) Q2 accreditation for its UAE operation, the first quality management system (QMS) certification for service suppliers in the oil and gas industry. The standard certifies oil and gas equipment service providers for the safety, consist...

Hydrogen power forecast to bring new dimension to energy geopolitics

Hydrogen power forecast to bring new dimension to energy geopolitics   Europe’s gas crisis could speed the transition to clean energy and the adoption of green hydrogen as a viable alternative to oil and gas, according to the International Renewable Energy Agency (Irena). “Price volatility has been a feature of the oil and gas system,” Francesco La Camera, director-general of Irena, told the Financial Times. “Moving to the new energy system, where hydrogen p...

Norway Announces Record Oil & Gas Revenues in 2021

Norway Announces Record Oil & Gas Revenues in 2021   In spite of the climate crisis, Norway's love affair with petroleum seems to be continuing. Never before has the country enjoyed such high revenue from its oil and gas industry. The Norwegian Petroleum Directorate said 2021 had been a “great year” for oil and gas in Norway. Oil and gas production has remained high as both demand and prices have increased. The news was announced by the Norwegian Petroleum Di...

Neptune Energy starts gas production at Adorf Z16 well, Germany

Neptune Energy starts gas production at Adorf Z16 well, Germany   Neptune Energy today announced first gas production from its operated Adorf Z16 development well in the municipality of Hoogstede, North western Germany. Initial production tests indicate flow rates of up to 2,800 barrels of oil equivalent per day (boepd). The Adorf Z16 well is expected to increase Neptune’s production from the licence to around 4,000 boepd. The Adorf Carboniferous gas field was discovered i...

Petrobras books three Constellation rigs

Petrobras books three Constellation rigs   Brazil’s Constellation Oil Services has been awarded new contracts for three of its rigs by Petrobras in Brazil. The contracts were awarded to Amaralina Star, Gold Star, and Lone Star rigs, Constellation revealed in a recent update. The Brazilian company said that these new contracts reinforce its long-term relationship with Petrobras and guarantee operational continuity for the three rigs. Offshore Energy has reached out to Const...

CNOOC To Drill Nearly 360 New Wells This Year

CNOOC To Drill Nearly 360 New Wells This Year   Chinese oil and gas major CNOOC Limited has announced in its business strategy and development plan for 2022 that it would increase its net production and drill over 350 wells. CNOOC said that its targeted net production for 2022 is 600 million to 610 million barrels of oil equivalent (boe), of which, production from China and overseas accounts for approximately 69 and 31 percent, respectively. The company’s net production f...

Aker BP cleared to drill pilot well in North Sea

Aker BP cleared to drill pilot well in North Sea   Norwegian offshore petroleum safety regulator has granted Aker BP consent for exploration drilling in the North Sea, using the Deepsea Nordkapp semi-submersible rig. The Petroleum Safety Authority (PSA) said on Wednesday that it had given Aker BP consent to drill the pilot well 25/10-U-8, located in the North Sea. The well is located in production licence 028B, which is operated by Aker BP with a 35 per cent interest, while other l...

Cnooc Plans to Scale Up Oil and Gas Production

Cnooc Plans to Scale Up Oil and Gas Production   Chinese oil-and-gas major Cnooc Ltd. plans to scale up its production, targeting a net production figure of 600 million-610 million barrels of oil equivalent this year. This compares with Cnooc's estimated 2021 net production of 570 million BOE, the company said Tuesday. It then targets 640 million-650 million BOE for 2023, followed by 680 million-690 million BOE in 2024, it said. Cnooc has budgeted capital expenditure for 20...

Petronas makes new gas discovery offshore Malaysia

Petronas makes new gas discovery offshore Malaysia   Petronas Carigali (PCSB), a subsidiary of Petronas, has made a new gas discovery in the Balingian Province, offshore Malaysia. The discovery was made at the Hadrah-1 wildcat exploration well of Block SK411, located in the shallow waters of Balingian Province, nearly 170km northwest off the coast of Sarawak. Hadrah-1 was the third gas discovery for the Malaysian oil and gas company Petronas in Balingian Province in 2021, after...

Eni wins five new exploration licences in Egypt

Eni wins five new exploration licences in Egypt   Italian oil and gas company Eni has been awarded five new exploration licences – located in the Eastern Mediterranean Sea, Western Desert, and Gulf of Suez – by the Egyptian Ministry of Petroleum. The licenses, four of which as the operator, are in the Egyptian offshore and onshore, and follow the successful participation to the 2021 competitive “Egypt International Bid Round for Petroleum Exploration and Exploitat...

Equinor makes oil discovery near Fram field in Norwegian North Sea

Equinor makes oil discovery near Fram field in Norwegian North Sea   Equinor and its partner Wellesley have discovered oil in the Troll and Fram area in the Norwegian North Sea, following the drilling of the exploration wells 35/10-7 S and 35/10-7 A. The discovery was made at the Toppand prospect, 8km west of the producing Fram field, in production licence 630 (PL 630). Equinor is the operator of the licence with a 50% stake, while the remaining stake is owned by Wellesley. A...

Saipem hires accommodation vessel for Mauritania/Senegal job

Saipem hires accommodation vessel for Mauritania/Senegal job   Offshore accommodation and services provider Edda Accommodation has secured a new contract with Saipem for operations in Mauritania/Senegal. The contract is for the Edda Fides vessel, scheduled to start in H2 2022. Edda Fides is a multipurpose accommodation and service vessel built in 2011 with 600 beds in total. The vessel, currently on charter for Equinor, will first provide accommodation and associated facilities...

Sembcorp Delivers Massive Vito Platform To Shell

Sembcorp Delivers Massive Vito Platform To Shell   Singapore-based offshore builder Sembcorp Marine has completed the Vito Regional Production Facility (Vito RPF) for Shell’s deepwater project in the U.S. Gulf of Mexico. Sembcorp Marine said that the Vito RPF was the company’s first floating production unit. The integration of Vito’s topside structure with its hull was executed by a pair of cranes with a 30,000-ton combined lifting capacity in the Tuas Boulevard...

EXCLUSIVE Shell's Nigerian oil assets attract interest from local firms, sources say

EXCLUSIVE Shell's Nigerian oil assets attract interest from local firms, sources say   At least five Nigerian oil and gas companies are preparing to submit bids this month for Royal Dutch Shell's onshore oilfields in a sale that could fetch up to $3 billion, three sources involved in the process told Reuters. Shell started talks with the Nigerian government last year about selling its stake in the West African country's onshore fields, where it has been active since the...

Digital hard-hitter joins 3t Energy Group board

Digital hard-hitter joins 3t Energy Group board   Leading training and technology organisation, 3t Energy Group, has appointed Elaine Safier as a non-executive director on the board. New York-born, Elaine has distinguished herself in the digital arena, having spent her career in senior positions with global companies such as AOL, Cable and Wireless, HSBC and United News and Media helping to create and shape their digital propositions. Most recently, she was chief digital officer...

Finalists announced for Subsea Expo awards

Finalists announced for Subsea Expo awards   The finalists have been announced for the 2022 Subsea Expo awards, celebrating the companies and individuals leading the way in the UK’s £8billion underwater industry. The prestigious awards ceremony, organised by the Global Underwater Hub, will take place on February 23, 2022, at P&J Live in Aberdeen. The awards coincide with Subsea Expo – Europe’s largest subsea focused exhibition and conference which wi...
Wellpro
Hiretech
Craig International
Stena