Water injection and the transport of produced fluids are some of the main energy consumers in offshore production. Researchers at SINTEF point to the need for a balanced approach to optimizing energy efficiency.The handling of produced fluids, a mixture of oil, water, and gas, is essentially a huge waste of energy.Water production is primarily caused by channeling and uneven drainage along the wellbore resulting from mobility contrasts within the reservoir…
Malaysia’s state energy firm Petronas has signed a liquefied natural gas (LNG) supply agreement with a trading arm of China National Offshore Oil Company (CNOOC), reinforcing its position in the Asian LNG market.Petronas, through its unit Petronas LNG…
Norwegian offshore vessel owner and subsea services provider DOF Group has secured two contracts for its vessels and services in the Asia-Pacific (APAC) region.DOF signed a three-year frame agreement for the provision of subsea inspection, maintenance…
Italian engineering group Saipem has secured an offshore engineering, procurement, construction and installation contract in Qatar with a total value of about $4 billion, of which its share amounts to approximately $3.1 billion.The contract…
Fugro has secured a large contract with Mubadala Energy to deliver advanced soil investigation services for the South Andaman Deepwater Development, located offshore Indonesia.The strategic project will inform the Front-End Engineering Design Engineering Procurement and Construction (EPC) award…
Eni has made a significant gas discovery in the Konta-1 exploration well, drilled in the Muara Bakau production sharing contract (PSC), in the Kutei Basin, offshore Indonesia.Estimates indicate 600 billion cubic feet (Bcf) of gas initially in…
Malaysia’s MISC Berhad has secured its first floating production unit (FPU) project in Brunei after receiving a letter of award from PETRONAS Carigali Brunei (PCBL) for the lease, operation and maintenance of the facility for a natural gas development project…
Finder Energy has agreed to acquire the Petrojarl I floating production, storage and offloading (FPSO) vessel from Amplus Energy for $15 million in cash and shares, in a move the company said will accelerate development of its Kuda Tasi and Jahal (KTJ) oil fields project…
China's state-owned oil and gas firm China National Offshore Oil Corporation (CNOOC) has started production from the Weizhou 11-4 oilfield adjustment and satellite fields development project in South China Sea.The project is located in the Beibu Gulf Basin…
ADES Holding has secured a two-year contract through its subsidiary Shelf Drilling for the Compact Driller standard jack-up with Brunei Shell Petroleum, a joint venture between the Brunei government and Shell.The Compact Driller deal mars ADES…
Mubadala Energy and PLN Energi Primer Indonesia (PLN EPI) have signed a heads of agreement to supply gas from the Andaman Sea as part of efforts to strengthen Indonesia’s energy security.The agreement establishes a framework for supplying cleaner…
Seatrium has secured a contract from BP for the engineering, procurement, construction and onshore commissioning of the Tiber floating production unit (FPU) in the Gulf of America.The Tiber FPU marks Seatrium’s second consecutive deepwater project for BP…
U.K.-based Pharos Energy, an independent energy company with assets in Vietnam and Egypt, has started a six-well drilling campaign offshore Vietnam designed to lift production from two of its existing fields and open new development opportunities…
The tender-assist drilling rig EDrill-2, owned by its SED Energy Holdings’ subsidiary Energy Drilling, has started operations for PTT Exploration and Production Public Company (PTTEP) in the Gulf of Thailand.EDrill-2 mobilized to the Gulf of Thailand…
Eni is aiming to get its gas joint venture with Malaysia's Petronas up and running some time next year, Guido Brusco, the Italian oil major's global natural resources chief operating officer, said on Monday.Both firms announced earlier this…
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