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Offshore & Marine

ExxonMobil has increased its estimated recoverable resource base in Guyana to more than 8 billion oil equivalent barrels and made a further oil discovery northeast of the producing Liza field at the Uaru exploration well. Read more

Drilling & Exploration

Sentinel Midstream, LLC, through its subsidiary Texas GulfLink, LLC, today announced its alignment with Freepoint Commodities LLC in furtherance of the construction, operation, and utilization of Texas GulfLink. Read more

Upstream

Magellan Midstream Partners, L.P. announced today an agreement to sell three marine terminals to Buckeye Partners, L.P. for $250 million. Read more

M&A/Investment

The offshore supply chain started 2019 with the momentum of strong award levels of subsea kit and FPSO hulls as well as improved floating rig rates. Read more

Upstream

The Suezmax vessel Yannis P, loaded with about 1 million barrels of Liza light sweet crude was bound for Galveston, Texas. Read more

Refining & Petrochemical Processing

According to fresh research by Rystad Energy, installed offshore wind capacity in US waters could reach 20 gigawatts (GW) by 2030 and annual investments in the sector could surpass $15 billion by the mid-2020s. Read more

Renewable & Biofuel

New maritime rules known as IMO 2020 mandate that the shipping industry has to burn cleaner, low sulfur fuels in tankers. Read more

Refining & Petrochemical Processing

An international Ocean Renewable Energy Action Coalition has been formed to advance sustainable deployment of ocean-based renewable energy and mitigate the harmful impacts of climate change. Read more

Renewable & Biofuel

Based on the Conditional Letter of Award previously announced in connection with Maersk Drilling’s Q3 2019 Trading Statement, Maersk Drilling has been awarded contracts for a three-well exploration drilling project. Read more

Drilling & Exploration

In retrospect, 2019 was another strong year for offshore exploration and production companies. Free cash flow remained strong and telltale signs have emerged that we are entering a new offshore investment cycle. Read more

Offshore & Marine

On behalf of the Troll partners, Equinor has awarded Aker Solutions a front-end engineering and design contract (FEED) for topside modifications to accommodate power from shore at the Troll B and C platforms. Read more

Offshore & Marine

The Navigator Europa recently departed the facility carrying 25 million pounds of ethylene for Marubeni Corporation, a large Japanese trading company and long-term terminal customer. Read more

Downstream

Norway's prime minister Erna Solberg will perform the official opening of the Johan Sverdrup field centre today, and the Minister of Petroleum and Energy, Sylvi Listhaug, will also attend the opening. Read more

Upstream

Today marks the start of a powerful new chapter in Guyana. Read more

Offshore & Marine

Many people may not know the difference between the Port Houston Authority and the Greater Houston Port Bureau. In fact, at one time, Port Houston Chairman Ric Campo was one of those people. Read more

Offshore & Marine

ExxonMobil today announced that oil production has started from the Liza field offshore Guyana ahead of schedule and less than five years after the first discovery of hydrocarbons, which is well ahead of the industry average for deepwater development Read more

Offshore & Marine

ExxonMobil said today it made an oil discovery offshore Guyana at the Mako-1 well southeast of the Liza field, marking the 15th discovery on the Stabroek Block. Read more

Offshore & Marine

A dark cloud of capacity constraints is casting a shadow over the oilfield service industry heading into 2020, mirroring the sharp growth in the number of new projects being brought forward by oil and gas operators. Read more

Offshore & Marine

Oilfield equipment provider Apergy Corp will acquire Ecolab Inc’s upstream energy business in a tax-free deal valued at about $3.9 billion, the companies said on Thursday. Read more

M&A/Investment

Maersk Drilling has entered into an agreement with a subsidiary of Shelf Drilling, Ltd. to sell the jack-up rig Maersk Completer for USD 38m in an all-cash transaction. Read more

Offshore & Marine

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    Oil and gas production platform, Oil and Gas production and exploration business in the gulf of Thailand.