News

  • Total extends Maersk drilling assignment offshore Suriname

    Total has exercised an option to add a further appraisal well to the present scope of the semi-submersible Mærsk Developer in block 58 offshore Suriname.   The extension, valued at around US$20 million, is around 100 days and is due to take effect at the…

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  • Australia stuns with abandoned fields decom costs levy

    The Australian oil industry was stunned by the government’s decision to levy the estimated US$200 million cost of decommissioning Laminaria-Corallina oil fields in the Timor Sea.   It is worth reminding that the government of Australia was left with the task of removing the Northern…

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  • Gulf Coast Refineries May Scale Back Production

    Most US Gulf Coast oil refineries are expected to trim output as an extended shutdown of the Colonial Pipeline Company system cuts off their main conduit for getting products to markets from Houston to New Jersey.   Much of the cuts may be shouldered by…

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  • US greenlights Vineyard Wind 1 offshore Massachusetts

    The Interior and Commerce departments have approved the construction and operation of the first commercial scale offshore wind project in the US.   The 800-MW Vineyard Wind 1 project will be located 15 miles (24 km) off the coast of Martha’s Vineyard.   Vineyard Wind,…

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  • Shell Announces Deep-Water Discovery in the US Gulf of Mexico

    Shell Offshore Inc has announced a significant discovery at the Leopard prospect in the deep-water US Gulf of Mexico (GoM).   The Leopard well encountered more than 600 feet (183 metres) net oil pay at multiple levels. Evaluation is ongoing to further define development options….

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  • Equinor Completes Sale of its US Onshore Assets in the Bakken

    Equinor and Grayson Mill Energy have completed their transaction which was previously announced in February 2021.   As a result, Equinor has divested all its operated and non-operated acreage in the Bakken field in the US states of North Dakota and Montana to Grayson Mill…

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  • Canada backs project powering oil & gas assets with floating wind

    The Canadian government has awarded funding to several projects which could help reduce greenhouse gas emissions from Newfoundland and Labrador’s offshore oil & gas operations, including a project using floating wind turbines to power oil & gas assets.   The project, being developed by floating…

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