Offshore
Field Development , Joint Ventures
SLB OneSubsea JV to Kickstart North Sea Development
SLB OneSubsea, a joint venture including SLB and Subsea7, have been awarded a contract by OKEA that will develop the Bestla Project offshore Norway.
Deepwater , Field Development , Discoveries , Exploration & Production , Crude Oil , Offshore Technology Conference (OTC)
Chevron, Total’s Anchor Up and (Almost) Running
During the Offshore Technology Conference 2024, project managers for Chevron’s Anchor Deepwater Project discussed the progress the project has made on its journey to reach first oil by mid-2024.
Technology , Wind
TGS Starts Up Multiclient Wind, Metaocean North Sea Campaign
TGS is utilizing two laser imaging and ranging buoys to receive detailed wind measurements and metaocean data, with the goal of supporting decision-making in wind lease rounds in the German Bright.
Deepwater , Subsea , Seismic
Electric Hype vs. Hydraulic Reality: Advantages of Traditional Systems
Castrol's new fluid prevents gas hydrates in deepwater control systems.
Business , Deepwater , Field Development , Service & Supply
Valaris’ 1Q Sets Positive Tone for Offshore
Coming out of first-quarter 2024, drilling contractor Valaris expects a sustained upcycle for the offshore drilling industry supported by demand growth, OPEC+ production cuts and supportive commodity prices.
Lease Sales
NSTA Offers 31 More Licenses in Latest Licensing Round
The leasing round attracted 115 bids from 76 companies vying for 257 blocks and partial blocks in the U.K. Continental Shelf.
Field Development , Subsea , Joint Ventures
SLB, OneSubsea, Subsea 7 Sign Collaboration Deal with Equinor
Work is expected to begin immediately on Equinor’s Wisting and Bay Du Nord projects.
Natural Gas , Emissions , International
Exxon’s Guyana Gas Project a “Win-Win,” Set for Hook-up by Year-end ‘24
Exxon Mobil Corp. CEO Darren Woods said the company’s gas-to-power project in Guyana is a “win-win proposition particularly for the people of Guyana” when completed and hooked-up by year-end 2024.
Restructurings , People
Talos Energy Expands Leadership Team After $1.29B QuarterNorth Deal
Talos Energy President and CEO Tim Duncan said the company has expanded its leadership team as the company integrates its QuarterNorth Energy acquisition.
International , Shale Plays
Guyana’s Stabroek Boosts Production as Chevron Watches, Waits
Chevron Corp.’s planned $53 billion acquisition of Hess Corp. could potentially close in 2025, but in the meantime, the California-based energy giant is in a “read only” mode as an Exxon Mobil-led consortium boosts Guyana production.